WaFd, Inc.WaFd Bank reported Q1 revenues up 10.5% YoY and 4% above analyst expectations, with beats on net interest income and EPS.
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.
WaFd, Inc.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.Ellington Financial achieved the largest analyst estimate beat at 55.1% on revenues of $171.3 million.
Northwest Bancshares IncNorthwest Bancshares edged past expectations with a 0.8% revenue beat to $175.1 million.
Franklin BSP Realty Trust Inc
Rocket Companies IncRocket Companies posted the fastest revenue growth at 108% to $2.82 billion.