WaFd : File-altInvestor Presentation As of 3/31/2025

Published: 2025-05-05 15:03:08 ET WAFD

Published on 05/05/2025 at 15:03

Investor Presentation As of March 31, 2025

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Washington Federal's management and are subject to significant risks and uncertainties. The forward-looking statements in this presentation speak only as of the date of the presentation, and Washington Federal assumes no duty, and does not undertake, to update them. Actual results or future events could differ, possibly materially, from those that we anticipated in these forward-looking statements. 1

Overview of WaFd Bank

Established in 1917; IPO in 1982

Washington State Charter Commercial Bank - WA DFI, FDIC, FRB, CFPB Regulated

Headquartered in Seattle, WA; is the second largest bank headquartered in the Pacific Northwest

Strong capital, high asset quality, consistent results

Portfolio mortgage lender

Profitable every year since 1965

Interest rate risk management - well controlled

13,646% Total shareholder return since IPO

Total Assets

$27.6B

Total Loans HFI

Total Deposits

Stockholder Equity

Efficiency Ratio

Adjusted Efficiency Ratio

1As of or for the quarter-ended March 31, 2025

WaFd Bank Executive Management Committee

Brent Beardall

President and Chief Executive Officer

Kelli Holz

EVP Chief Financial Officer

Cathy Cooper

EVP Chief Experience Officer

Kim Robison

EVP Chief Operating Officer

Ryan Mauer

EVP Chief Credit Officer

WaFd Bank Demographics

Our markets are among the most desirable in the US and create a foundation for loan growth without excessive risk

Number

Deposits

Market

National

Population

Change

Change

Income

Change

of

in Market

Share

Franchise

2025

2020-2025

2025-2030

2025

2025-2030

State Branches

($000)

(%)

(%)

(Actual)

(%)

(%)

($)

(%)

Washington

73

8,723,693

3.97

40.7

7,876,848

2.23

2.87

96,120

10.09

California

10

4,073,942

0.27

19.0

38,870,482

-1.69

-0.27

95,065

7.65

Oregon

36

2,798,850

2.73

13.1

4,232,181

-0.12

0.53

80,356

9.15

Arizona

28

1,676,939

0.76

7.8

7,560,739

5.72

4.4

78,786

11.67

New Mexico

19

1,666,280

3.56

7.8

2,117,805

0.01

0.89

64,393

8.62

Idaho

21

949,570

2.53

4.4

2,015,909

9.61

6.54

77,609

12.3

Utah

9

601,503

0.45

2.8

3,484,888

6.52

4.92

95,601

13.03

Nevada

8

538,439

0.53

2.5

3,234,542

4.18

3.42

74,821

8.01

Texas

5

398,210

0.03

1.9

31,245,372

7.2

5.64

76,585

10.1

Totals:

209

21,427,426

100

100,638,766

Weighted Average

1.75

2.13

88,495

9.58

Aggregate: National

337,643,652

1.87

2.4

78,770

8.82

Branch count and WaFd deposit balances are as of March 31, 2025. Deposit market share and percent of national franchise are from the FDIC's Summary of Deposit reports and are as of September 30, 2024. All other data is updated as new data becomes available.

Build 2030

Business Banking and Commercial Real Estate Banking Segments have two primary objectives as a trusted advisor:

Deliver phenomenal , concierge-level customer service to all our clients -"everyone and every business deserves a WaFd banker".

Grow the business by delivering credit and treasury solutions that allow our clients to prosper.

5

Disclaimer

WaFd Inc. published this content on May 05, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 05, 2025 at 18:53 UTC.