WaFd (WAFD) Credit Losses Provision : $51.5 Mil (As of Dec. 2023)

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What is WaFd Credit Losses Provision?

WaFd's credit losses provision for the three months ended in Dec. 2023 was $0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $51.5 Mil.

WaFd's quarterly credit losses provision increased from Jun. 2023 ($9.0 Mil) to Sep. 2023 ($26.5 Mil) but then declined from Sep. 2023 ($26.5 Mil) to Dec. 2023 ($0.0 Mil).

WaFd's annual credit losses provision increased from Sep. 2021 ($0.5 Mil) to Sep. 2022 ($3.0 Mil) and increased from Sep. 2022 ($3.0 Mil) to Sep. 2023 ($41.5 Mil).

WaFd Credit Losses Provision Historical Data

The historical data trend for WaFd's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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WaFd Credit Losses Provision Chart

WaFd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Credit Losses Provision

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-1.65

21.75

0.50

3.00

41.50

WaFd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															3.50	9.00	26.50	-	16.00

WaFd Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $51.5 Mil.

WaFd (WAFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » WaFd Inc (NAS:WAFD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

WAFDP.PFD:USA WAO:Germany

Address

425 Pike Street, Seattle, WA, USA, 98101

Website

https://www.wafdbank.com

WaFd Inc is engaged in providing lending, depository, insurance and other banking services to consumers, mid-sized to large businesses, and owners and developers of commercial real estate. Geographically It operates in Washington, Oregon, Arizona, Texas, Utah. New Mexico, Nevada, Idaho and others. WaFd Inc provides, Personal Banking, Business Banking, Commercial Banking and Home Loans.

Executives

Randall H Talbot	director	777 108TH AVENUE NE, SUITE 1200, BELLEVUE WA 98124-1690
David K Grant	director
Blayne Sanden	officer: SVP & PAO	425 PIKE STREET, SEATTLE WA 98101
Brent J Beardall	officer: EVP & CFO	425 PIKE STREET, SEATTLE WA 98101
Kim E Robison	officer: EVP & Chief Operations Officer	425 PIKE STREET, SEATTLE WA 98101
Cathy E Cooper	officer: EVP & Chief Consumer Banker	425 PIKE STREET, SEATTLE WA 98101
Kelli Holz	officer: EVP & CFO	PO BOX 580, BELLINGHAM WA 98227
Vincent L Beatty	officer: EVP & Chief Financial Officer	425 PIKE STREET, SEATTLE WA 98101
Shawn Bice	director	C/O SPLUNK INC., 270 BRANNAN STREET, SAN FRANCISCO CA 94107
Ryan Mauer	officer: EVP & Chief Credit Officer	425 PIKE STREET, SEATTLE WA 98101
James Endrizzi	officer: EVP & Chief Commercial Banker	425 PIKE STREET, SEATTLE WA 98101
Sean Singleton	director	425 PIKE ST, SEATTLE WA 98101
Sylvia Hampel	director	425 PIKE ST, SEATTLE WA 98101
Sudhir Steven Singh	director	6222 185TH AVE, REDMOND WA 98052
Linda S Brower	director