Washington Federal posts 2Q profit

SEATTLE (AP) _ Washington Federal Inc. (WAFD) on Thursday reported fiscal second-quarter net income of $42.1 million.

The bank, based in Seattle, said it had earnings of 47 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The holding company for Washington Federal Savings Bank posted revenue of $146.3 million in the period. Its adjusted revenue was $117.9 million.

Washington Federal shares have decreased nearly 5 percent since the beginning of the year. The stock has increased 47 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAFD at https://www.zacks.com/ap/WAFD

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