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WaFd, Inc. WAFD Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

First Bancorp logo
First BancorpFBNC
$1.34M+9.1%
Columbia Financial, Inc. logo
Columbia Financial, Inc.CLBK
$2.17M+16.9%
Provident Financial Services logo
Provident Financial ServicesPFS
$4.03M+92.8%
Customers Bancorp logo
Customers BancorpCUBI
$3.08M-33.8%
HOM
Home BancSharesHOMB
$1.37M-25.7%
Park National logo
Park NationalPRK
$1.71M+12.9%

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:BankOwnedLifeInsuranceIncome.

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 income?
WaFd, Inc. (WAFD) reported bank owned life insurance income of $1.98M in Q1 2026.
How has WaFd, Inc.'s bank owned life insurance income changed year-over-year?
WaFd, Inc.'s bank owned life insurance income increased by 6.9% year-over-year, from $1.85M to $1.98M.
What is the long-term trend for WaFd, Inc.'s bank owned life insurance income?
Over 4 years (2021 to 2025), WaFd, Inc.'s bank owned life insurance income has grown at a 8.1% compound annual growth rate (CAGR), from $5.51M to $7.53M.
What does bank owned life insurance income mean?
This represents the income generated from the cash surrender value growth of Bank Owned Life Insurance policies. It is a recurring non-interest income stream that helps offset the costs of employee benefit programs. Stable or growing BOLI income contributes to the bank's overall non-interest revenue base.