WSBF

Shares of Waterstone Financial, Inc. WSBF have gained 1.3% since the company reported its earnings for the quarter ended March 31, 2026, modestly outperforming the S&P 500 index’s 0.6% increase over the same period. However, the stock has lagged significantly over a longer horizon, rising just 0.2% in the past month compared with the S&P 500’s 13.8% advance. Waterstone Financial reported net income of 34 cents per share for the first quarter of 2026, doubling from 17 cents per share in the year-ago period. The improvement was supported by higher net interest income, which rose to $15.5 million from $12.6 million a year earlier, reflecting an increase of roughly 23%. Total noninterest income also grew to $20.2 million from $17.1 million, driven largely by stronger mortgage banking income. Waterstone Financial reported net income of $6 million, which doubled from $3 million in the year-ago period. Overall, the results point to a broad-based improvement in both core banking and mortgage operations compared with the prior year. Waterstone Financial, Inc. price-consensus-eps-surprise-chart | Waterstone Financial, Inc. Quote The company’s community banking segment delivered solid growth, with pre-tax income rising 23.7% year over year to $7.5 million. Net interest income in this segment climbed 22.8% to $15.2 million, supported by a 50-basis-point expansion in net interest margin to 2.97%. Average loans held for investment were relatively stable at $1.7 billion, while core retail deposits increased 4.3% year over year to $1.3 billion, reflecting strength in funding growth. Efficiency improved notably, with the efficiency ratio declining to 52.48% from 59.66% a year earlier. In the mortgage banking segment, performance rebounded sharply. The segment posted a modest pre-tax profit of $0.02 million compared with a $2.2 million loss in the prior-year quarter. Loan originations increased 31.1% to $508.3 million, and mortgage banking noninterest income rose 21.5% to $19.1 million. However, margins on loans sold compressed to 3.65% from 3.98%, indicating some pressure on profitability despite higher volumes. Management attributed the quarter’s performance to net interest margin expansion and stronger mortgage origination volumes. According to CEO William Bruss, higher loan yields and reduced funding costs were key contributors to margin improvement. Periodic declines in...

WAUWATOSA, Wis., April 23, 2026 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $6.0 million, or $0.34 per diluted share, for the quarter ended March 31, 2026, compared to $3.0 million, or $0.17 per diluted share, for the quarter ended March 31, 2025. Net income totaled $7.7 million, or $0.44 per diluted share, for the quarter ended December 31, 2025. “We started 2026 on a strong note due to continued net interest margin expansion and increased loan origination volumes at the mortgage banking segment,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc. “The community banking segment had a record first quarter net interest income of $15.2 million, which represented a $2.8 million, or 22.8%, increase compared to the quarter ended March 31, 2025, as net interest margin grew to 2.97% for the quarter. The increases were primarily due to continued growth in yield on our loans held for investment and reduction of our cost of funds. We did increase our allowance for credit losses due to certain external qualitative factors even though asset quality metrics continue to stay strong. The mortgage banking segment increased pre-tax income $2.2 million due to an increase in loan origination activity as rates decreased periodically throughout the quarter. We increased our book value per share $0.33 during the quarter with continued strong earnings and the share repurchase program, prior to declaring an increased quarterly dividend of $0.17 per share. In total, $7.3 million was returned to shareholders through buybacks and dividends in the quarter.” Highlights of the Quarter Ended March 31, 2026 Waterstone Financial, Inc. (Consolidated) Consolidated net income of Waterstone Financial, Inc. totaled $6.0 million for the quarter ended March 31, 2026 compared to net income of $3.0 million for the quarter ended December 31, 2025. Consolidated return on average assets (annualized) was 1.10% for the quarter ended March 31, 2026 and 0.57% for the quarter ended March 31, 2025. Consolidated return on average equity (annualized) was 6.88% for the quarter ended March 31, 2026 and 3.61% for the quarter ended March 31, 2025. Dividends declared during the quarter ended March 31, 2026 totaled $0.17 per common share. During the quarter ended March 31, 2026, we repurchased approximately 246,000...

This article first appeared on GuruFocus. Release Date: April 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Waterstone Financial Inc (NASDAQ:WSBF) reported a net income of $12.6 million for Q1 2026, indicating a solid financial performance. The company completed a digital banking conversion for personal accounts, enhancing security and customer experience. Net interest income increased by 11% year-over-year, showcasing strong core banking business performance. The institutional banking team added in January is showing strong momentum, positioning the company for loan and deposit growth. Waterstone Financial Inc (NASDAQ:WSBF) plans to open a new branch in Pawtucket, Rhode Island, expanding its presence in the northern part of the state. Net income decreased from $16 million in the previous quarter to $12.6 million in Q1 2026. Non-interest income was down by 6% compared to Q4, indicating challenges in generating revenue outside of interest income. Total loans decreased by 2% from December 31, reflecting a contraction in the loan portfolio. Non-accruing loans increased by $27.5 million due to two commercial real estate office loans, impacting credit quality. The company recognized a $4 million provision for credit losses, largely due to increased reserves on the two CRE office loans. Warning! GuruFocus has detected 8 Warning Signs with WSBF. Is WSBF fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide more details on the two office loans that were moved to non-accrual status, including their geography and specifics on what led to the downgrades? A: Both loans were current until March when triggering events led to their non-accrual status. They have strong sponsors, and we are engaged with them on next steps. One loan matured, while the other matures next year. We have put reserves in place to reflect potential losses, but we expect resolution within the next few quarters. - Bill Ray, Senior Executive Vice President and Chief Risk Officer. Q: Were there any general reserves allocated to office, or were they specific to these two loans? How do you view the risk in the rest of the office portfolio? A: Our office exposure has decreased from $300 million to $230 million with minimal charge-offs. We use qualitative factors within the CECL methodology to address office issues....

WAUWATOSA, Wis. (AP) — WAUWATOSA, Wis. (AP) — Waterstone Financial Inc. (WSBF) on Thursday reported net income of $6 million in its first quarter. On a per-share basis, the Wauwatosa, Wisconsin-based company said it had profit of 34 cents. The bank holding company posted revenue of $49.2 million in the period. Its adjusted revenue was $35.7 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSBF at https://www.zacks.com/ap/WSBF

WAUWATOSA, Wis., March 17, 2026 (GLOBE NEWSWIRE) -- On March 17, 2026, the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a regular quarterly cash dividend of $0.17 per common share, a 13.3% increase compared to the prior quarterly dividend. “Today's announcement of a dividend increase underscores our disciplined execution of the Company’s business strategy and reflects our confidence in Waterstone Financial’s future,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc. “Maintaining a robust dividend payout ratio remains a priority for us, affirming our commitment to delivering long-term value to our shareholders and effective management of our capital.” The dividend increase is effective with the dividend payable on May 1, 2026, to shareholders of record at the close of business on April 8, 2026. About Waterstone Financial, Inc: Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank, a community-focused financial institution established in 1921. WaterStone Bank offers a comprehensive suite of personal and business banking products and operates 14 branch locations across southeastern Wisconsin. WaterStone Bank is also the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states. With a long-standing commitment to innovation, integrity, and community service, Waterstone Financial, Inc. supports the financial and homeownership goals of customers nationwide. For more information about WaterStone Bank, visit wsbonline.com. Contact: Mark R. Gerke Chief Financial Officer 414.459.4012 [email protected]

Shares of Waterstone Financial, Inc. WSBF have gained 7.2% since the company reported its earnings for the quarter ended Dec. 31, 2025. This compares to the S&P 500 index’s 0.4% decline over the same time frame. Over the past month, the stock has gained 12.4% compared with the S&P 500’s 0.8% growth. Waterstone Financial reported net income of 44 cents per share for the fourth quarter of 2025, up 57.1% from 28 cents per share in the year-ago period. The company also posted 22.4% year-over-year growth in net interest income, reaching $15.7 million. Total noninterest income rose to $21.5 million from $19 million in the prior-year quarter. A negative provision for credit losses of $0.6 million, compared to an expense of $0.4 million a year earlier, further bolstered the bottom line. Waterstone Financial reported net income of $7.7 million for the fourth quarter, up from $5.2 million in the year-ago period. Waterstone Financial, Inc. price-consensus-eps-surprise-chart | Waterstone Financial, Inc. Quote The Community Banking segment was a primary driver of the improved performance. Pre-tax income in this segment surged to $9.1 million, a 35.5% increase from the same quarter in 2024. Net interest income rose 20.4% to $15.5 million, as the segment benefited from a widening net interest margin, which grew to 2.89% from 2.42% a year earlier. The improvement was primarily driven by increased loan yields and reduced borrowing and deposit costs. Loan growth was relatively modest, with average loans held for investment increasing 1.8% to $1.7 billion. However, year-end balances fell $39.3 million due to several significant construction loan payoffs. Asset quality metrics remained stable, with past due loans representing 0.86% of total loans, slightly below the 0.90% figure a year ago. The efficiency ratio improved to 49.2% from 51.5% in the fourth quarter of 2024, reflecting greater cost efficiency. Core retail deposits rose 3.8% year over year to $1.3 billion, driven by higher balances in money market and certificate of deposit accounts. The Mortgage Banking segment recorded a pre-tax income of $0.9 million in the fourth quarter, reversing a loss of $0.6 million in the same quarter of the previous year. Loan originations increased 13.6% year over year to $534.6 million, supported by periodic declines in mortgage rates that spurred refinancing activity. Refinances account...

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. Loss making companies can act like a sponge for capital - so investors should be cautious that they're not throwing good money after bad. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Waterstone Financial (NASDAQ:WSBF). While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation - especially if its growing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. That makes EPS growth an attractive quality for any company. Waterstone Financial managed to grow EPS by 16% per year, over three years. That's a pretty good rate, if the company can sustain it. One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. It's noted that Waterstone Financial's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. EBIT margins for Waterstone Financial remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 5.7% to US$143m. That's a real positive. You can take a look at the company's revenue and earnings growth trend, in the chart below. For finer detail, click on the image. View our latest analysis for Waterstone Financial While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check Waterstone Financial's balance sheet strength, before getting too excited. It should give investors a sense of security owning shares in a company if insiders also o...

WAUWATOSA, Wisc., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $7.7 million, or $0.44 per diluted share, for the quarter ended December 31, 2025 compared to $5.2 million, or $0.28 per diluted share, for the quarter ended December 31, 2024. Net income totaled $7.9 million, or $0.45 per diluted share, for the quarter ended September 30, 2025. Net income per diluted share was $1.48 for the twelve months ended December 31, 2025 compared to net income per diluted share of $1.01 for the twelve months ended December 31, 2024. “We ended 2025 on a high note as net interest margin, deposit growth, and strong asset quality metrics resulted in our best quarterly pretax income since June 2022,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc. “The Community Banking segment achieved growth in net interest income of $2.6 million, or 20.4%, compared to the quarter ended December 31, 2024 as net interest margin grew to 2.89% for the quarter. The increases were primarily due to growth in yield on our loans held for investment and a reduction of our cost of funds. Strong asset quality and another quarter of net recoveries resulted in a release from our allowance for credit losses. The Mortgage Banking segment recorded a third straight quarter of pre-tax income due to an increase in refinance activity as rates decreased periodically throughout the quarter. We increased our book value per share $0.53 during the quarter with continued strong earnings, share repurchase program, and improving valuations on our investment security portfolio, prior to declaring a quarterly dividend of $0.15 per share. In total, $5.3 million was returned to shareholders through buybacks and dividends in the quarter.” Highlights of the Quarter Ended December 31, 2025 Waterstone Financial, Inc. (Consolidated) Consolidated net income of Waterstone Financial, Inc. totaled $7.7 million for the quarter ended December 31, 2025 compared to net income of $5.2 million for the quarter ended December 31, 2024. Consolidated return on average assets (annualized) was 1.35% for the quarter ended December 31, 2025 and 0.94% for the quarter ended December 31, 2024. Consolidated return on average equity (annualized) was 8.74% for the quarter ended December 31, 2025 and 6.05% for the quarter ended December...

WAUWATOSA, Wis., Dec. 18, 2025 (GLOBE NEWSWIRE) -- On December 18, 2025, the Board of Directors of Waterstone Financial, Inc. (NASDAQ: WSBF) declared a regular quarterly cash dividend of $0.15 per common share. The dividend is payable on February 2, 2026, to shareholders of record at the close of business on January 8, 2026. About Waterstone Financial, Inc: Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank, a community-focused financial institution established in 1921. WaterStone Bank offers a comprehensive suite of personal and business banking products and operates 14 branch locations across southeastern Wisconsin. WaterStone Bank is also the parent company of WaterStone Mortgage Corporation, a national lender licensed in 48 states. With a long-standing commitment to innovation, integrity, and community service, Waterstone Financial, Inc. supports the financial and homeownership goals of customers nationwide. For more information about WaterStone Bank, visit wsbonline.com. Contact: Mark R. Gerke Chief Financial Officer 414.459.4012 [email protected]

Shares of Waterstone Financial, Inc. WSBF have gained 5% since the company reported its earnings for the quarter ended Sept. 30, 2025. This compares to the S&P 500 index’s 2.9% growth over the same time frame. Over the past month, the stock has gained 0.9% compared with the S&P 500’s 3.1% growth, suggesting that investor sentiment has been more positive on a relative basis in response to the latest results. For the third quarter of 2025, Waterstone Financial reported net income of 45 cents per share, marking a substantial 73.1% increase from 26 cents per share in the same period a year ago. Net interest income grew to $14.7 million from $11.5 million, reflecting a 28% year-over-year gain. The company reported net income of $7.9 million, which soared 67.6% from $4.7 million in the same period a year ago. Waterstone Financial, Inc. price-consensus-eps-surprise-chart | Waterstone Financial, Inc. Quote Waterstone’s return on average assets (ROAA) increased to 1.4% in the third quarter of 2025 from 0.8% a year earlier. Similarly, return on average equity (ROAE) rose to 9.1% from 5.6% in the prior-year quarter. Book value per share increased to $18.65 as of Sept. 30, 2025, from $17.53 at year-end 2024. Asset quality metrics continued to reflect sound underwriting practices. Nonperforming assets as a percentage of total assets increased slightly to 0.27% from 0.25% in the year-ago period. Past due loans as a percentage of total loans dropped to 0.5% from 0.6% a year earlier. The Community Banking segment posted pre-tax income of $8.4 million, a 49.4% increase from $5.6 million in the third quarter of 2024. Net interest income in this segment rose 19.3% year over year to $14.6 million, largely driven by improved yields on loans and a lower cost of funds. The net interest margin expanded to 2.76% from 2.13% in the same period last year. The segment recorded a negative provision for credit losses on funded loans of $0.1 million, reflecting continued credit strength. Efficiency improved notably, with the segment's efficiency ratio decreasing to 48.9% from 60.4% in the prior-year quarter. Average core retail deposits rose 5.2% to $1.3 billion, primarily due to growth in money market and certificate of deposit balances. Mortgage Banking generated pre-tax income of $1.3 million, up from a modest $0.1 million from the prior-year quarter. Despite a 3.5% decline in loan orig...

WAUWATOSA, Wis. (AP) — WAUWATOSA, Wis. (AP) — Waterstone Financial Inc. (WSBF) on Thursday reported profit of $7.9 million in its third quarter. The Wauwatosa, Wisconsin-based company said it had profit of 45 cents per share. The bank holding company posted revenue of $51.9 million in the period. Its adjusted revenue was $37 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WSBF at https://www.zacks.com/ap/WSBF

WAUWATOSA, Wis., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $7.9 million, or $0.45 per diluted share, for the quarter ended September 30, 2025 compared to $4.7 million, or $0.26 per diluted share, for the quarter ended September 30, 2024. Net income totaled $7.7 million, or $0.43 per diluted share, for the quarter ended June 30, 2025. Net income per diluted share was $1.04 for the nine months ended September 30, 2025 compared to net income per diluted share of $0.72 for the nine months ended September 30, 2024. “We sustained our improved 2025 performance, exceeding the prior year, as well as our 2025 second quarter results due primarily to improved net interest margin and continued strong asset quality metrics,” said William Bruss, Chief Executive Officer of Waterstone Financial, Inc. “With improved earnings in both our Community and Mortgage Banking segments, consolidated earnings totaled $0.45 per diluted share, which represents a 73.1% increase compared to the quarter ended September 30, 2024. The Community Banking segment achieved growth in net interest income of $2.4 million, or 19.3%, compared to the quarter ended September 30, 2024 primarily due to continued growth in yield on our loans held for investment, as well as a reduction of our cost of funds. Continued strong asset quality resulted in a release from our allowance for credit losses. The Mortgage Banking segment recorded a second straight quarter of pre-tax income due to continued focus on expense management and improved margins. We added $0.61 to book value per share during the quarter through strong earnings, an active share repurchase program, and improving valuations on our investment security portfolio, prior to declaring a quarterly dividend of $0.15 per share.” Highlights of the Quarter Ended September 30, 2025 Waterstone Financial, Inc. (Consolidated) Consolidated net income of Waterstone Financial, Inc. totaled $7.9 million for the quarter ended September 30, 2025 compared to net income of $4.7 million for the quarter ended September 30, 2024. Consolidated return on average assets (annualized) was 1.42% for the quarter ended September 30, 2025 and 0.83% for the quarter ended September 30, 2024. Consolidated return on average equity (annualized) was 9.14% for the quarter ended September 30, 202...