Intrinsic value of Washington Federal - WAFD

Previous Close

$33.35

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$33.35

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as WAFD.

We calculate the intrinsic value of WAFD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.70
  2.93
  3.14
  3.32
  3.49
  3.64
  3.78
  3.90
  4.01
  4.11
  4.20
  4.28
  4.35
  4.42
  4.47
  4.53
  4.57
  4.62
  4.65
  4.69
  4.72
  4.75
  4.77
  4.80
  4.82
  4.83
  4.85
  4.87
  4.88
  4.89
Revenue, $m
  499
  514
  530
  547
  567
  587
  609
  633
  659
  686
  714
  745
  777
  812
  848
  886
  927
  970
  1,015
  1,062
  1,113
  1,165
  1,221
  1,280
  1,341
  1,406
  1,474
  1,546
  1,622
  1,701
Variable operating expenses, $m
  182
  187
  193
  199
  206
  214
  222
  230
  240
  250
  260
  271
  283
  295
  309
  323
  337
  353
  369
  387
  405
  424
  444
  466
  488
  512
  537
  563
  590
  619
Fixed operating expenses, $m
  54
  55
  57
  58
  59
  60
  62
  63
  64
  66
  67
  69
  70
  72
  73
  75
  77
  78
  80
  82
  84
  86
  87
  89
  91
  93
  95
  97
  100
  102
Total operating expenses, $m
  236
  242
  250
  257
  265
  274
  284
  293
  304
  316
  327
  340
  353
  367
  382
  398
  414
  431
  449
  469
  489
  510
  531
  555
  579
  605
  632
  660
  690
  721
Operating income, $m
  263
  271
  280
  290
  301
  313
  326
  340
  354
  370
  387
  405
  424
  444
  466
  489
  513
  538
  565
  594
  624
  656
  689
  724
  762
  801
  842
  886
  932
  980
EBITDA, $m
  1,810
  1,864
  1,923
  1,987
  2,057
  2,133
  2,215
  2,302
  2,396
  2,495
  2,601
  2,714
  2,834
  2,960
  3,094
  3,236
  3,386
  3,544
  3,711
  3,887
  4,072
  4,268
  4,474
  4,691
  4,919
  5,159
  5,412
  5,678
  5,958
  6,252
Interest expense (income), $m
  111
  752
  706
  721
  739
  758
  778
  801
  825
  850
  878
  907
  938
  971
  1,006
  1,043
  1,082
  1,124
  1,168
  1,214
  1,263
  1,314
  1,368
  1,425
  1,485
  1,549
  1,615
  1,685
  1,759
  1,836
  1,918
Earnings before tax, $m
  -488
  -434
  -441
  -448
  -457
  -465
  -475
  -485
  -496
  -508
  -520
  -533
  -547
  -562
  -577
  -594
  -611
  -629
  -649
  -669
  -690
  -712
  -736
  -761
  -787
  -814
  -843
  -873
  -905
  -938
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -488
  -434
  -441
  -448
  -457
  -465
  -475
  -485
  -496
  -508
  -520
  -533
  -547
  -562
  -577
  -594
  -611
  -629
  -649
  -669
  -690
  -712
  -736
  -761
  -787
  -814
  -843
  -873
  -905
  -938

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  11,092
  11,417
  11,775
  12,166
  12,591
  13,049
  13,542
  14,070
  14,635
  15,236
  15,876
  16,555
  17,275
  18,038
  18,845
  19,698
  20,599
  21,549
  22,553
  23,610
  24,725
  25,899
  27,135
  28,436
  29,806
  31,247
  32,763
  34,357
  36,034
  37,796
Adjusted assets (=assets-cash), $m
  11,092
  11,417
  11,775
  12,166
  12,591
  13,049
  13,542
  14,070
  14,635
  15,236
  15,876
  16,555
  17,275
  18,038
  18,845
  19,698
  20,599
  21,549
  22,553
  23,610
  24,725
  25,899
  27,135
  28,436
  29,806
  31,247
  32,763
  34,357
  36,034
  37,796
Revenue / Adjusted assets
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
  0.045
Average production assets, $m
  15,470
  15,924
  16,423
  16,969
  17,561
  18,201
  18,888
  19,625
  20,412
  21,251
  22,143
  23,090
  24,095
  25,158
  26,284
  27,474
  28,730
  30,057
  31,456
  32,931
  34,485
  36,123
  37,847
  39,662
  41,573
  43,583
  45,697
  47,921
  50,259
  52,718
Working capital, $m
  -13,292
  -13,682
  -14,111
  -14,580
  -15,089
  -15,638
  -16,229
  -16,862
  -17,538
  -18,259
  -19,025
  -19,839
  -20,702
  -21,616
  -22,583
  -23,606
  -24,685
  -25,825
  -27,027
  -28,294
  -29,630
  -31,037
  -32,518
  -34,078
  -35,719
  -37,446
  -39,263
  -41,174
  -43,183
  -45,295
Total debt, $m
  13,066
  13,359
  13,681
  14,033
  14,415
  14,828
  15,272
  15,747
  16,255
  16,796
  17,372
  17,983
  18,631
  19,318
  20,044
  20,812
  21,622
  22,478
  23,381
  24,333
  25,336
  26,392
  27,505
  28,676
  29,909
  31,206
  32,570
  34,005
  35,514
  37,100
Total liabilities, $m
  9,982
  10,275
  10,597
  10,949
  11,332
  11,744
  12,188
  12,663
  13,171
  13,712
  14,288
  14,899
  15,547
  16,234
  16,960
  17,728
  18,539
  19,395
  20,297
  21,249
  22,252
  23,309
  24,421
  25,593
  26,825
  28,122
  29,487
  30,922
  32,430
  34,017
Total equity, $m
  1,109
  1,142
  1,177
  1,217
  1,259
  1,305
  1,354
  1,407
  1,463
  1,524
  1,588
  1,655
  1,727
  1,804
  1,884
  1,970
  2,060
  2,155
  2,255
  2,361
  2,472
  2,590
  2,713
  2,844
  2,981
  3,125
  3,276
  3,436
  3,603
  3,780
Total liabilities and equity, $m
  11,091
  11,417
  11,774
  12,166
  12,591
  13,049
  13,542
  14,070
  14,634
  15,236
  15,876
  16,554
  17,274
  18,038
  18,844
  19,698
  20,599
  21,550
  22,552
  23,610
  24,724
  25,899
  27,134
  28,437
  29,806
  31,247
  32,763
  34,358
  36,033
  37,797
Debt-to-equity ratio
  11.780
  11.700
  11.620
  11.530
  11.450
  11.360
  11.280
  11.190
  11.110
  11.020
  10.940
  10.860
  10.790
  10.710
  10.640
  10.570
  10.500
  10.430
  10.370
  10.310
  10.250
  10.190
  10.140
  10.080
  10.030
  9.990
  9.940
  9.900
  9.860
  9.820
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -488
  -434
  -441
  -448
  -457
  -465
  -475
  -485
  -496
  -508
  -520
  -533
  -547
  -562
  -577
  -594
  -611
  -629
  -649
  -669
  -690
  -712
  -736
  -761
  -787
  -814
  -843
  -873
  -905
  -938
Depreciation, amort., depletion, $m
  1,547
  1,592
  1,642
  1,697
  1,756
  1,820
  1,889
  1,963
  2,041
  2,125
  2,214
  2,309
  2,409
  2,516
  2,628
  2,747
  2,873
  3,006
  3,146
  3,293
  3,449
  3,612
  3,785
  3,966
  4,157
  4,358
  4,570
  4,792
  5,026
  5,272
Funds from operations, $m
  1,059
  1,158
  1,201
  1,248
  1,300
  1,355
  1,414
  1,477
  1,545
  1,617
  1,694
  1,776
  1,862
  1,954
  2,051
  2,154
  2,262
  2,376
  2,497
  2,624
  2,758
  2,900
  3,049
  3,205
  3,370
  3,544
  3,727
  3,919
  4,121
  4,334
Change in working capital, $m
  -349
  -389
  -429
  -469
  -509
  -550
  -591
  -633
  -676
  -721
  -767
  -814
  -863
  -914
  -967
  -1,022
  -1,080
  -1,140
  -1,202
  -1,267
  -1,336
  -1,407
  -1,482
  -1,560
  -1,641
  -1,727
  -1,817
  -1,911
  -2,009
  -2,112
Cash from operations, $m
  1,408
  1,548
  1,631
  1,717
  1,809
  1,904
  2,005
  2,110
  2,221
  2,338
  2,461
  2,590
  2,726
  2,868
  3,018
  3,176
  3,342
  3,516
  3,699
  3,892
  4,094
  4,307
  4,530
  4,765
  5,012
  5,271
  5,544
  5,830
  6,130
  6,446
Maintenance CAPEX, $m
  -1,507
  -1,547
  -1,592
  -1,642
  -1,697
  -1,756
  -1,820
  -1,889
  -1,963
  -2,041
  -2,125
  -2,214
  -2,309
  -2,409
  -2,516
  -2,628
  -2,747
  -2,873
  -3,006
  -3,146
  -3,293
  -3,449
  -3,612
  -3,785
  -3,966
  -4,157
  -4,358
  -4,570
  -4,792
  -5,026
New CAPEX, $m
  -399
  -453
  -500
  -546
  -592
  -640
  -688
  -737
  -787
  -839
  -892
  -947
  -1,005
  -1,064
  -1,126
  -1,190
  -1,257
  -1,326
  -1,399
  -1,475
  -1,554
  -1,637
  -1,724
  -1,815
  -1,910
  -2,010
  -2,114
  -2,224
  -2,338
  -2,459
Cash from investing activities, $m
  -1,906
  -2,000
  -2,092
  -2,188
  -2,289
  -2,396
  -2,508
  -2,626
  -2,750
  -2,880
  -3,017
  -3,161
  -3,314
  -3,473
  -3,642
  -3,818
  -4,004
  -4,199
  -4,405
  -4,621
  -4,847
  -5,086
  -5,336
  -5,600
  -5,876
  -6,167
  -6,472
  -6,794
  -7,130
  -7,485
Free cash flow, $m
  -498
  -453
  -461
  -471
  -481
  -491
  -503
  -515
  -528
  -542
  -556
  -572
  -588
  -605
  -623
  -642
  -662
  -683
  -706
  -729
  -753
  -779
  -806
  -835
  -865
  -896
  -929
  -964
  -1,000
  -1,038
Issuance/(repayment) of debt, $m
  -853
  292
  322
  352
  382
  413
  444
  475
  508
  541
  576
  611
  648
  686
  726
  768
  811
  856
  903
  952
  1,003
  1,057
  1,113
  1,171
  1,233
  1,297
  1,364
  1,435
  1,509
  1,586
Issuance/(repurchase) of shares, $m
  1,597
  467
  477
  488
  499
  511
  524
  538
  552
  568
  584
  601
  619
  638
  658
  679
  701
  724
  749
  775
  802
  830
  860
  891
  924
  958
  994
  1,032
  1,072
  1,114
Cash from financing (excl. dividends), $m  
  744
  759
  799
  840
  881
  924
  968
  1,013
  1,060
  1,109
  1,160
  1,212
  1,267
  1,324
  1,384
  1,447
  1,512
  1,580
  1,652
  1,727
  1,805
  1,887
  1,973
  2,062
  2,157
  2,255
  2,358
  2,467
  2,581
  2,700
Total cash flow (excl. dividends), $m
  247
  306
  338
  369
  401
  432
  465
  498
  532
  567
  603
  641
  679
  719
  761
  804
  850
  897
  946
  997
  1,051
  1,107
  1,166
  1,227
  1,292
  1,359
  1,430
  1,504
  1,581
  1,662
Retained Cash Flow (-), $m
  -1,597
  -467
  -477
  -488
  -499
  -511
  -524
  -538
  -552
  -568
  -584
  -601
  -619
  -638
  -658
  -679
  -701
  -724
  -749
  -775
  -802
  -830
  -860
  -891
  -924
  -958
  -994
  -1,032
  -1,072
  -1,114
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  6
  6
  6
  6
  7
  7
  7
  7
  8
  8
  8
  9
  9
  9
  10
  10
  11
  11
  12
  12
  13
  13
  14
  15
  15
  16
  17
  18
  19
  19
Cash available for distribution, $m
  -1,351
  -160
  -139
  -118
  -98
  -79
  -59
  -40
  -20
  -1
  19
  40
  60
  81
  103
  125
  149
  172
  197
  223
  250
  277
  306
  336
  368
  401
  435
  471
  509
  548
Discount rate, %
  15.30
  16.07
  16.87
  17.71
  18.60
  19.53
  20.50
  21.53
  22.61
  23.74
  24.92
  26.17
  27.48
  28.85
  30.29
  31.81
  33.40
  35.07
  36.82
  38.66
  40.60
  42.63
  44.76
  46.99
  49.34
  51.81
  54.40
  57.12
  59.98
  62.98
PV of cash for distribution, $m
  -1,172
  -119
  -87
  -62
  -42
  -27
  -16
  -8
  -3
  0
  2
  2
  3
  2
  2
  2
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  35.2
  24.8
  17.6
  12.4
  8.9
  6.3
  4.5
  3.2
  2.3
  1.7
  1.2
  0.9
  0.7
  0.5
  0.4
  0.3
  0.2
  0.1
  0.1
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Washington Federal, Inc. is a bank holding company. The Company conducts its operations through a federally insured national bank subsidiary, Washington Federal, National Association (the Bank). The business of the Bank consists primarily of accepting deposits from the general public and investing these funds in loans of various types, including first lien mortgages on single-family dwellings, construction loans, land acquisition and development loans, loans on multi-family, commercial real estate and other income producing properties, home equity loans and business loans. As of September 30, 2016, Washington Federal had 238 branches located in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico and Texas. Through its subsidiaries, the Company is also engaged in real estate investment and insurance brokerage activities. The Bank offers various consumer checking account products, both interest bearing and non-interest bearing, and business checking accounts.

FINANCIAL RATIOS  of  Washington Federal (WAFD)

Valuation Ratios
P/E Ratio 16.7
Price to Sales 0
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 16.2
Price to Free Cash Flow 17.6
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -60.5%
Cap. Spend. - 3 Yr. Gr. Rate -22%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 3
Management Effectiveness
Return On Assets 1.7%
Ret/ On Assets - 3 Yr. Avg. 1.6%
Return On Total Capital 8.7%
Ret/ On T. Cap. - 3 Yr. Avg. 8.4%
Return On Equity 8.7%
Return On Equity - 3 Yr. Avg. 8.4%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 32%
Eff/ Tax Rate - 3 Yr. Avg. 34%
Payout Ratio 43.1%

WAFD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WAFD stock intrinsic value calculation we used $486 million for the last fiscal year's total revenue generated by Washington Federal. The default revenue input number comes from 2017 income statement of Washington Federal. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WAFD stock valuation model: a) initial revenue growth rate of 2.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 15.3%, whose default value for WAFD is calculated based on our internal credit rating of Washington Federal, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Washington Federal.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WAFD stock the variable cost ratio is equal to 36.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $53 million in the base year in the intrinsic value calculation for WAFD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Washington Federal.

Corporate tax rate of 27% is the nominal tax rate for Washington Federal. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WAFD stock is equal to 1.2%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WAFD are equal to 3099.5%.

Life of production assets of 10 years is the average useful life of capital assets used in Washington Federal operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WAFD is equal to -2663.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Washington Federal - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 89 million for Washington Federal is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Washington Federal at the current share price and the inputted number of shares is $3.0 billion.

RELATED COMPANIES Price Int.Val. Rating
RVSB Riverview Banc 8.66 0.84  str.sell
FFWM First Foundati 18.71 18.75  hold
FAF First American 53.58 3.85  str.sell
TSBK Timberland Ban 38.20 26.51  hold
FSBW FS Bancorp 62.04 31.42  sell

COMPANY NEWS

▶ Anchor Bank finds another buyer after Washington Federal deal falls apart   [Jul-18-18 05:04PM  American City Business Journals]
▶ Washington Federal: Fiscal 3Q Earnings Snapshot   [08:09AM  Associated Press]
▶ Washington Federal adds Concur co-founder Steve Singh to board   [Jul-16-18 01:40PM  American City Business Journals]
▶ Winners (and Losers) From the China Trade War: Market Recon   [Jul-11-18 07:14AM  TheStreet.com]
▶ May Top Defensive Stocks To Buy   [May-14-18 04:05PM  Simply Wall St.]
▶ New Strong Sell Stocks for April 24th   [Apr-24-18 09:52AM  Zacks]
▶ Washington Federal: Fiscal 2Q Earnings Snapshot   [Apr-11-18 08:16AM  Associated Press]
▶ Washington Federal opens franchise banking center in Phoenix   [Apr-07-18 11:48PM  American City Business Journals]
▶ Washington Federal Announces Board Succession Plan Update   [Mar-26-18 08:03PM  Business Wire]
▶ Washington Federal posts 1Q profit   [Jan-17-18 08:15AM  Associated Press]
▶ O'Leary and his Regional Banks   [Jan-08-18 07:33PM  CNBC Videos]
▶ Bank gives 5 percent raises, opening new tech hub with Trump tax cut windfall   [Dec-22-17 04:10PM  American City Business Journals]
▶ Washington Federal posts 4Q profit   [Oct-18-17 08:13AM  Associated Press]
▶ Washington Federal Reports Record Earnings   [08:00AM  Business Wire]
▶ Washington Federal posts 3Q profit   [Jul-18-17 11:10PM  Associated Press]
▶ Washington Federal posts 2Q profit   [Apr-13-17 08:20AM  Associated Press]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.