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WaFd Bank Tuesday , July 13 , 2021 FOR IMMEDIATE RELEASE Washington Federal Announces Quarterly Earnings Per Share Of $ 0.61 SEATTLE , WASHINGTON - Washington Federal , Inc. ( Nasdaq : WAFD ) ( the " Company " ) , parent company of Washington Federal Bank , N.A. ( " WaFd Bank " ) , today announced quarterly earnings of $ 47,422,000 for the quarter ended June 30 , 2021 , an increase of 36 % from $ 34,852,000 for the quarter ended June 30 , 2020. After the effect of dividends on preferred stock , net income available for common shareholders was $ 0.61 per diluted share for the quarter ended June 30 , 2021 , compared to $ 0.46 per diluted share for the quarter ended June 30 , 2020 , a $ 0.15 or 33 % increase in fully diluted earnings per common share . Return on common shareholders ' equity for the quarter ended June 30 , 2021 was 8.71 % compared to 7.01 % for the quarter ended June 30 , 2020. Return on assets for the quarter ended June 30 , 2021 was 0.97 % compared to 0.78 % for the same quarter in the prior year . President and Chief Executive Officer Brent J. Beardall commented , " We are pleased to see profitable growth in our balance sheet , with loans , deposits and total assets all achieving record highs . A particularly positive sign is our net interest margin expansion , especially given the challenging interest rate environment . A year ago as we rallied together as a team to deliver SBA Paycheck Protection Program ( " PPP " ) loans to small businesses in need , I described it as a generational opportunity for our bankers to win over new customers . The results are tangible , our reputation as a commercial bank is spreading and credit goes to the phenomenal WaFd Bank team that is working tirelessly to make a difference for our clients . " Clearly , there are areas in our economy that give us pause and even appear frothy - housing in particular has seen a sharp increase over the last year . While we are concerned with affordability and believe that the market will be cyclical , over the long - term we are bullish on our eight western state footprint and believe net positive migration into those markets will 1