WAFD — what changed in the latest 10-Q
A section-by-section comparison of WAFD'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 · 2026-05-05 vs the prior 10-Q · 2026-02-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +10 | −9 | ~26 | 63 |
| 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 | ~1 | 4 |
| Other information | Text added/removed | +1 | 0 | 0 | 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 · 2026-05-05
Six Months Ended March 31, 2026Six Months Ended March 31, 2025
Average BalanceInterestAverage RateAverage BalanceInterestAverage Rate
As of March 31, 2026, total assets had increased by $869,086,000 to $27,568,785,000 from $26,699,699,000 at September 30, 2025 primarily due to the purchase of investments during the period. During the six months ended March 31, 2026, loans receivable decreased $121,635,000, investment and mortgage-…
Management believes the Company's cash and cash equivalents of $669,799,000 and shareholders’ equity of $2,981,283,000 as of March 31, 2026 will provide flexibility in managing the Company's interest rate risk going forward.
The Bank has a credit line with the Federal Home Loan Bank of Des Moines ("FHLB - DM") of up to 45% of total assets depending on specific collateral eligibility. This line provides the Bank a substantial source of additional liquidity. The Bank has entered into borrowing agreements with the FHLB - D…
Text removed vs the prior filing · source: 10-Q · 2026-02-04
As of December 31, 2025, total assets had increased by $586,045,000 to $27,285,744,000 from $26,699,699,000 at September 30, 2025 primarily due to the purchase of investments during the period. During the three months ended December 31, 2025, loans receivable decreased $240,462,000, investment and m…
Management believes the Company's cash and cash equivalents of $734,915,000 and shareholders’ equity of $3,029,407,000 as of December 31, 2025 will provide flexibility in managing the Company's interest rate risk going forward.
The Bank has a credit line with the Federal Home Loan Bank of Des Moines ("FHLB - DM") of up to 45% of total assets depending on specific collateral eligibility. This line provides the Bank a substantial source of additional liquidity. The Bank has entered into borrowing agreements with the FHLB - D…
advance program and fixed-rate term loan agreements. All borrowings are secured by stock of the FHLB - DM, deposits with the FHLB - DM, and a blanket pledge of qualifying loans receivable. The Bank also has a credit line with the Federal Home Loan Bank of San Francisco ("FHLB - SF") in support of Lu…
Non-performing assets - Non-performing assets increased $60,374,000 during the three months ended December 31, 2025 to $203,396,000 from $143,022,000 at September 30, 2025. The change is due to a $62,720,000 increase in non-accrual loans offset by a $2,346,000 decrease in real estate owned. The incr…
Other information
Text added vs the prior filing · source: 10-Q · 2026-05-05
Director Resignation - On May 1, 2026, Mr. Shawn Bice notified the Company’s Board that he is resigning from service as a director of the Company, effective immediately. With the resignation, Mr. Bice also resigned from his position as the chair of the Board’s Technology Committee. Mr. Bice’s resign…
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