SEATTLE — Washington Federal Inc. reported fiscal second-quarter profit of $51.1 million.
The Seattle-based bank said it had earnings of 63 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The holding company for Washington Federal Savings Bank posted revenue of $180.4 million in the period. Its revenue net of interest expense was $132.9 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $133.4 million.
Washington Federal shares have climbed 14 percent since the start of the year. The stock has fallen nearly 6 percent in the last 12 months.
