Washington Federal, Inc. (WAFD) Bundle
An Overview of Washington Federal, Inc. (WAFD)
General Summary of Washington Federal, Inc. (WAFD)
Washington Federal, Inc. is a bank holding company headquartered in Seattle, Washington. Founded in 1917, the company provides banking services across 5 states in the western United States.
| Company Metric | 2024 Data |
|---|---|
| Total Assets | $18.4 billion |
| Number of Branches | 214 |
| States of Operation | 5 (Washington, Oregon, Idaho, Utah, Arizona) |
Core banking services include:
- Commercial lending
- Residential mortgage lending
- Personal banking
- Business banking
- Investment services
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $752 million |
| Net Income | $218 million |
| Loan Portfolio | $14.6 billion |
| Return on Equity | 12.3% |
Industry Leadership
Washington Federal ranks among the top regional banks in the western United States, with a strong market presence and consistent financial performance.
| Market Ranking | 2024 Position |
|---|---|
| Regional Bank Market Share | Top 15 in Western U.S. |
| Asset Size Ranking | #187 in U.S. Banks |
Mission Statement of Washington Federal, Inc. (WAFD)
Mission Statement Overview
Washington Federal, Inc. (WAFD) operates with a precise mission statement focused on financial services and community banking.
Core Mission Components
| Component | Specific Details |
|---|---|
| Geographic Focus | 8 Western United States markets |
| Total Assets | $18.1 billion as of Q4 2023 |
| Branch Network | 215 branches across multiple states |
Strategic Objectives
- Provide comprehensive banking solutions
- Support local community economic development
- Maintain strong financial performance
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Net Income | $246.7 million |
| Return on Equity | 11.2% |
| Loan Portfolio | $14.3 billion |
Customer-Centric Approach
Key Customer Segments:
- Small to medium-sized businesses
- Individual consumers
- Commercial real estate investors
Vision Statement of Washington Federal, Inc. (WAFD)
Vision Statement of Washington Federal, Inc. (WAFD)
Strategic Vision OverviewWashington Federal's vision statement reflects its commitment to financial leadership and community-focused banking services. As of 2024, the company maintains a strategic approach to regional banking with specific quantifiable objectives.
Key Vision Components
Market PositioningWashington Federal targets precise market segments with clear numerical targets:
| Market Metric | 2024 Target |
|---|---|
| Regional Banking Presence | 8 Western U.S. States |
| Total Assets | $18.3 Billion |
| Total Deposits | $15.7 Billion |
- Organic Asset Growth Rate: 6.2%
- Digital Banking Penetration: 72% of Customer Base
- Commercial Lending Expansion: 8.5% Year-over-Year
| Performance Metric | 2024 Projection |
|---|---|
| Return on Equity (ROE) | 10.3% |
| Net Interest Margin | 3.75% |
| Efficiency Ratio | 55.6% |
Washington Federal allocates significant resources toward community development:
- Community Development Investments: $42 Million
- Small Business Loan Support: $275 Million
- Affordable Housing Financing: $180 Million
Core Values of Washington Federal, Inc. (WAFD)
Core Values of Washington Federal, Inc. (WAFD) in 2024
Customer-Centric Approach
Washington Federal maintains a rigorous commitment to customer service excellence.
| Customer Satisfaction Metrics | 2024 Data |
|---|---|
| Customer Retention Rate | 87.3% |
| Digital Banking Engagement | 68.5% |
Integrity and Transparency
Washington Federal prioritizes ethical banking practices.
- Compliance with all federal banking regulations
- Annual external audit compliance rate: 100%
- Zero regulatory violations in 2023-2024
Community Investment
Community engagement remains a critical core value.
| Community Investment Category | 2024 Allocation |
|---|---|
| Local Community Grants | $3.2 million |
| Small Business Support | $12.5 million |
Sustainable Banking Practices
Environmental responsibility drives strategic decisions.
- Carbon neutrality commitment by 2030
- Green lending portfolio: $450 million
- Renewable energy project investments: $75 million
Employee Development
Washington Federal invests in workforce growth.
| Employee Development Metrics | 2024 Data |
|---|---|
| Training Investment per Employee | $4,200 |
| Internal Promotion Rate | 42.7% |
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