WAFD Inc. has taken a significant step towards its merger with EverBank Financial Corp by filing a definitive proxy statement. This merger, announced on September 6, 2026, is poised to transform WAFD into a financial holding company, marking a pivotal change in its corporate structure. The merger is crucial for WAFD as it seeks to enhance its competitive position in the national commercial banking sector.

WAFD Inc., formerly known as Washington Federal Inc., operates within the National Commercial Banks sector, as classified under SIC code 6021. The company trades on the Nasdaq under the ticker symbols WAFD and WAFDP. Recent filings indicate that WAFD has been active in preparing for this merger, with the latest proxy statement filed on November 4, 2026, under accession number 0001140361-26-041902.

The filing details the upcoming special meeting for shareholders, scheduled to take place virtually on December 16, 2026. During this meeting, shareholders will vote on several critical proposals, including the issuance of shares related to the merger, compensation for named executive officers, and the possibility of adjourning the meeting to solicit additional proxies if necessary.

The proxy statement emphasizes that the merger will see EverBank merge into WAFD, with WAFD continuing as the surviving entity. The merger agreement stipulates that EverBank shareholders will receive shares of WAFD common stock, with ownership percentages set at approximately 59.175% for EverBank shareholders and 40.825% for WAFD shareholders on a fully diluted basis. This structure aims to balance the interests of both parties involved in the merger.

WAFD's board of directors has unanimously recommended that shareholders approve the stock issuance proposal, the compensation proposal, and the adjournment proposal. The board believes these actions are in the best interest of the company and its shareholders. The outcome of the vote is crucial, as the merger cannot proceed without the approval of the stock issuance proposal.

As WAFD prepares for this merger, it is essential for shareholders to participate in the voting process. The proxy statement provides detailed instructions on how to vote, whether through mail, telephone, or online. WAFD encourages all shareholders to ensure their voices are heard, as the merger represents a significant strategic move for the company.

The merger with EverBank is expected to create a stronger entity in the banking sector, potentially reshaping the competitive landscape among national commercial banks. As WAFD transitions to a financial holding company, it may unlock new opportunities for growth and expansion in the financial services market.

Looking ahead, the special meeting on December 16 will be a pivotal moment for WAFD and its shareholders. The filing does not specify what happens next if the proposals are approved or rejected, but the implications of this merger will likely resonate throughout the industry.