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WaFd, Inc. WAFD Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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$285.27M+3.1%
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Customers Bancorp logo
Customers BancorpCUBI
$306.93M+2.8%

Other financials

Income statement

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Revenue$197.4M+9.8%
Net income$65.5M+16.5%
EPS (diluted)$0.82+26.2%

Balance sheet

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Cash & equivalents$669.8M-45.6%
Total debt$3.1B+10.8%
Total equity$3.0B-1.7%
Total assets$27.6B-0.3%

Cash flow

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Operating cash flow$79.4M+10.0%
CapEx$11.4M+105%
Free cash flow$68.0M+2.1%

Valuation

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Market cap$2.75B+2.2%
Enterprise value$5.15B+23.6%
P/E10.9×-0.8×
P/S3.6×-0.1×

Profitability

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Net margin33.1%+1.8pp
FCF margin28.4%-6.7pp

Returns & leverage

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Return on equity8.4%+0.7pp
Debt / equity+0.1×

Where this comes from

Reported directly by WaFd, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: WaFd, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is WaFd, Inc.'s bank owned life insurance?
WaFd, Inc. (WAFD) reported bank owned life insurance of $279.1M in Q1 2026.
How has WaFd, Inc.'s bank owned life insurance changed year-over-year?
WaFd, Inc.'s bank owned life insurance increased by 2.9% year-over-year, from $271.32M to $279.1M.
What is the long-term trend for WaFd, Inc.'s bank owned life insurance?
Over 5 years (2020 to 2025), WaFd, Inc.'s bank owned life insurance has grown at a 3.9% compound annual growth rate (CAGR), from $227.75M to $275.16M.
What does bank owned life insurance mean?
The cash surrender value of life insurance policies owned by the bank on the lives of its employees or executives. This asset serves as a tax-advantaged vehicle to offset the costs of employee benefit programs and provide long-term liquidity. It reflects the bank's strategy for managing long-term benefit liabilities and diversifying its non-interest income.