WAFDP — what changed in the latest 10-Q
A section-by-section comparison of WAFDP's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-04 vs the prior 10-Q · 2026-05-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +6 | −6 | ~27 | 66 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | 0 | 0 | 0 | 5 |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-04
Provision for Credit Losses - The Company recorded an $11,000,000 provision for credit losses for the three months ended June 30, 2026, compared with a $2,000,000 provision for credit losses for the three months ended June 30, 2025. The provision recorded in the three months ended June 30, 2026 was …
Non-Interest Income - The results for the three months ended June 30, 2026 included total non-interest income of $24,178,000 compared to $18,273,000 for the same period one year ago, a $5,905,000 increase. The increase was primarily due to approximately $3,200,000 of gain recognized on the sale of b…
Non-Interest Expense - Non-interest expense was $110,334,000 for the three months ended June 30, 2026, an increase of $6,007,000 from $104,327,000 for the prior year quarter, largely a result of increased compensation and technology expenses, reflecting annual merit increases and continued investmen…
Gain (Loss) on Real Estate Owned - Results for the three months ended June 30, 2026 include a net gain on REO of $167,000, compared to a net loss of $176,000 for the prior year quarter. Results for the nine months ended June 30, 2026 included a net gain on REO of $603,000, compared to a net gain of …
Income Tax Expense - Income tax expense totaled $18,219,000 for the three months ended June 30, 2026, compared to $17,806,000 for the prior year quarter. The effective tax rate was 21.60% and 22.33% for the three months ended June 30, 2026 and June 30, 2025, respectively. Income tax expense totaled …
Text removed vs the prior filing · source: 10-Q · 2026-05-05
Customer accounts - Customer accounts decreased $313,485,000, or 1.5%, to $21,124,151,000 at March 31, 2026 compared with $21,437,636,000 at September 30, 2025. Transaction accounts increased by $440,389,000 or 3.6% during that period, while time deposits decreased $753,874,000, or 8.3%, consistent …
Provision for Credit Losses - The Company recorded a $4,000,000 provision for credit losses for the three months ended March 31, 2026, compared with $2,750,000 provision for credit losses for the three months ended March 31, 2025. The provision recorded in the three months ended March 31, 2026 was t…
Non-Interest Income - The results for the three months ended March 31, 2026 included total non-interest income of $19,813,000 compared to $18,881,000 for the same period one year ago, a $932,000 increase. The increase was primarily due to increased fee income on loans and deposits.
Non-Interest Expense - Non-interest expense was $109,857,000 for the three months ended March 31, 2026, an increase of $5,025,000 from $104,832,000 for the prior year quarter, largely a result of increased compensation and technology expenses, reflecting annual merit increases and continued investme…
Gain (Loss) on Real Estate Owned - Results for the three months ended March 31, 2026 include a net gain on REO of $280,000, compared to a net loss of $199,000 for the prior year quarter.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice