QUOTE AND NEWS
New York Times  Sep 10  Comment 
After the National Audubon Society released a report saying 650 bird species will be threatened by climate change, a report released by other agencies concluded that nearly one-third of American birds are in trouble.
New York Times  Aug 22  Comment 
Gov. Jay Nixon of Missouri said that the situation had “greatly improved.” In Washington, federal prosecutors face obstacles bringing civil rights charges in the shooting of Michael Brown.
New York Times  Aug 21  Comment 
Gov. Jay Nixon of Missouri said that the situation had “greatly improved.” In Washington, federal prosecutors face obstacles bringing civil rights charges in the shooting of Michael Brown.
Forbes  Jun 27  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 7/1/14, JPMorgan Chase (NYSE: JPM), Washington Federal (NASD: WAFD), and Kimco Realty (NYSE: KIM) will all trade ex-dividend for their respective upcoming dividends. JPMorgan Chase...
StreetInsider.com  Mar 24  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Washington+Federal%2C+Inc.+%28WAFD%29+Declares+%240.10+Quarterly+Dividend%3B+1.7%25+Yield/9311004.html for the full story.
Banking Business Review  Jan 24  Comment 
Washington Federal has reached an agreement with Bank of America to acquire its 23 retail branches located in Arizona and Nevada, for an undisclosed sum.
StreetInsider.com  Jan 14  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Washington+Federal%2C+Inc.+%28WAFD%29+Tops+Q4+EPS+by+2c/9051797.html for the full story.
StreetInsider.com  Jan 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Sterne+Agee+Upgrades+Washington+Federal+%28WAFD%29+to+Buy/9043994.html for the full story.
StreetInsider.com  Dec 23  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Washington+Federal%2C+Inc.+%28WAFD%29+Declares+%240.10+Quarterly+Dividend%3B+1.7%25+Yield/9005255.html for the full story.
StreetInsider.com  Oct 15  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Washington+Federal%2C+Inc.+%28WAFD%29+Tops+Q3+EPS+by+5c/8775867.html for the full story.




 
TOP CONTRIBUTORS

Washington Federal (NASDAQ: WFSL) is a savings and loan company that operates commercial banking operations in the United States. Its subsidiary, Washington Federal Savings Bank, operates in the state of Washington.[1] In the wake of the 2008 financial crisis, Washington Federal faces unfamiliar challenges as the credit market remains uncertain and the Dodd-Frank Act changes the financial sector.

Business Growth

In 2010, net income increased 192% to $118.7 million from $40.7 million in 2009.[2] While increased loan volumes increased revenues, the primary drivers of profitability in 2010 were gains from an acquisition of Horizon and tax credits; the profit from both were about equal to the $78 million net income increase.[3]

Trends & Forces

Uncertainty in credit market affects lending revenues

WFSL's primary source of revenue is its lending practice - like any commercial bank, Washington Federal pays customers interest on their deposits so that it can lend out their money at a higher rate. The net interest margin metric acts as proxy for the bank's ability to earn interest on its assets. In the midst of credit market uncertainty following the 2008 financial crisis, the company's ability to lend profitably may be reduced and its net interest margin may decrease.

Dodd-Frank regulation may change investor sentiment

The Dodd-Frank Wall Street Reform and Consumer Protection Act, the government's response to the 2008 Financial crisis, significantly impacts the way the financial sector operates. Its allowance for government support of institutions identified as "too big to fail" may increase the value of identified financial institutions while decreasing the prospects and equity value of smaller financial institutions like Washington Federal. In addition, the Act increases financial regulation which may restrict Washington Federal's operations and increase back office expenses related to compliance.

Competition

Washington Federal competes with other commercial banks in Washington including competing regional banks and national competitors:

Washington Federal and its competitors increase revenues and income by increasing their deposit and loan volume. The industry is competitive as companies increase their deposit interest rates while decreasing their loan rates and fees to attract customers.

References

  1. WFSL 2010 10-K pg. 3  
  2. WFSL 2010 10-K pg. 1 (EX-13)  
  3. WFSL 2010 10-K pg. 11 (EX-13)  
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