WAFD INC 8-K

What Happened
WAFD, Inc. announced that WaFd Bank, its wholly owned banking subsidiary, prevailed on appeal before the Federal Deposit Insurance Corporation’s Supervision Appeals Review Committee (SARC). The SARC decision, dated January 16, 2026, upgraded the Bank’s lending test rating from “Needs to Improve” to “Low Satisfactory” and elevated the Bank’s overall composite Community Reinvestment Act (CRA) rating from “Needs to Improve” to “Satisfactory.” The company issued a press release on January 21, 2026 to disclose the outcome.

Key Details

• Decision date by SARC: January 16, 2026.
• Press release date disclosed in Form 8-K: January 21, 2026.
• Lending test rating: upgraded from “Needs to Improve” → “Low Satisfactory.”
• Overall composite CRA rating: upgraded from “Needs to Improve” → “Satisfactory.”

Why It Matters
A CRA rating reflects a bank’s record of meeting community credit needs and is reviewed by regulators when considering applications and supervisory matters. The upgrade to a “Satisfactory” composite rating removes a regulatory designation of concern and may improve the Bank’s standing with regulators and the public. The 8-K also includes standard forward-looking statement cautions and refers investors to the company’s 10-K risk disclosures for additional context.