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|Washington Mutual Comments on Early Release of Earnings|
SEATTLE--(BUSINESS WIRE)--April 18, 2006--Washington Mutual, Inc. (NYSE:WM) today reported first quarter 2006 earnings at 3:46 p.m. EDT, prior to the close of the market following the inadvertent and unauthorized release of the first page of Washington Mutual's earnings release by Business Wire. As a result, the New York Stock Exchange halted trading at 3:40 p.m. EDT to allow full dissemination of the earnings release to the general market.
About Washington Mutual
Washington Mutual is one of the nation's leading consumer and small business banks. At March 31, 2006, Washington Mutual and its subsidiaries had assets of $348.67 billion. The company was established in 1889 and currently operates more than 2,600 consumer and small business banking stores throughout the nation. Washington Mutual's press releases are available at www.wamunewsroom.com.
Webcast information: A conference call to discuss the company's financial results will be held on Tuesday, April 18, 2006, at 6:00 p.m. EDT and will be hosted by Kerry Killinger, chairman and chief executive officer and Tom Casey, executive vice president and chief financial officer. The conference call is available by telephone or on the Internet. The dial-in number for the live conference call is 888-946-6301. Participants calling from outside the United States may dial 210-234-0006. The passcode "WaMu" is required to access the call. Via the Internet, the conference call is available on the Investor Relations portion of the company's web site at www.wamu.com/ir. A transcript of the prepared remarks will be available on the company's web site prior to the call and archived for 30 days. A recording of the conference call will be available after 9:00 p.m. EDT on Tuesday, April 18, 2006, through 11:59 p.m. EDT on Friday, April 28, 2006. The recorded message will be available at 800-337-5620. Callers from outside the United States may dial 203-369-3253.
Forward Looking Statement
Our Form 10-K for 2005 and other documents that we file with the Securities and Exchange Commission have forward-looking statements. In addition, our senior management may make forward-looking statements orally to analysts, investors, the media and others. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Forward-looking statements provide our expectations or predictions of future conditions, events or results. They are not guarantees of future performance. By their nature, forward-looking statements are subject to risks and uncertainties. These statements speak only as of the date they are made. We do not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. There are a number of factors, many of which are beyond our control that could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. Some of these factors are described in detail in our Form 10-K for 2005 and include: volatile interest rates impact the mortgage banking business; rising interest rates, unemployment and decreases in housing prices impact credit performance; risks related to the option adjustable-rate mortgage product; risks related to subprime lending; risks related to the integration of the Card Services business; risks related to credit card operations; changes in the regulation of financial services companies, housing government-sponsored enterprises and credit card lenders; competition from banking and nonbanking companies; general business and economic conditions, including movements in interest rates, the slope of the yield curve, and the potential overextension of housing prices in certain geographic markets; and negative public opinion impacts the company's reputation. There are other factors not described in the Form 10-K for 2005 and which are beyond the Company's ability to anticipate or control that could cause results to differ.
CONTACT: Washington Mutual