Washington Federal - Investor Relations: Stockholder Meetings & Info | Washington Federal

Financial News

Washington Federal Reports Quarterly Net Income of $30.7 Million and $111.1 Million for the Fiscal Year

October 20, 2011

Download PDF

SEATTLE – Washington Federal, Inc. (Nasdaq: WFSL), parent company of Washington Federal, today announced earnings of $30,666,000 or $.28 per diluted share for the quarter ended September 30, 2011, compared to $15,963,000 or $.14 per diluted share for the same period one year ago, a $14.7 million or 92% increase.  Earnings for the fiscal year ended September 30, 2011 of $111,141,000 decreased $7,512,000 or 6% from the prior year due to two non-recurring items in 2010, an $85.6 million pre-tax gain resulting from the acquisition of certain assets and liabilities of the former Horizon Bank, and a $39 million recovery resulting from the settlement of a contingent federal tax liability.  Excluding these two non-recurring items from the prior year, net income increased by $86.3 million or 347%.  The Company’s ratio of tangible common equity to tangible assets ended the quarter at 12.52% and continues to be among the best of large regional financial institutions in the U.S.

Financial News by Year


You have clicked an external site link. Please click "Proceed" to continue, or "Cancel" to stay here.

Log In

Please log in.