WaFd Bank beats Q1 estimates as thrifts and mortgage finance stocks post mixed results

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

WaFd Bank reported first-quarter revenues of $198.3 million, up 10.5% year on year and 4% above analyst expectations, with beats on net interest income and EPS. The broader group of 12 thrifts and mortgage finance stocks tracked delivered mixed results, with aggregate revenues beating consensus by 4.2% but next-quarter guidance coming in 6.6% below estimates. Rocket Companies posted the fastest revenue growth at 108% to $2.82 billion, while Franklin BSP Realty Trust had the weakest quarter, missing revenue estimates by 17.4%. Ellington Financial achieved the largest analyst estimate beat at 55.1% on revenues of $171.3 million, and Northwest Bancshares edged past expectations with a 0.8% revenue beat to $175.1 million.

Impact on stocks 5

Financials · 4 stocks
WaFd, Inc.
WAFD
▲ PositiveCapitalrelevance

WaFd Bank reported Q1 revenues up 10.5% YoY and 4% above analyst expectations, with beats on net interest income and EPS.

Ellington Financial Inc.
EFC
▲ PositiveCapitalrelevance

Ellington Financial achieved the largest analyst estimate beat at 55.1% on revenues of $171.3 million.

Northwest Bancshares Inc
NWBI
▲ PositiveCapitalrelevance

Northwest Bancshares edged past expectations with a 0.8% revenue beat to $175.1 million.

Digital Finance & Tokenization · 1 stocks
Rocket Companies Inc
RKT
▲ PositiveDemandrelevance

Rocket Companies posted the fastest revenue growth at 108% to $2.82 billion.