Waterstone Financial, Inc. — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 38/100
What the filing says
Waterstone Financial (NASDAQ: WSBF) reported Q2 2026 net income of $8.5M ($0.49 diluted EPS) versus $7.7M ($0.43 EPS) in Q2 2025—a 10.1% increase. Six-month net income rose 34.3% to $14.5M ($0.84 EPS) from $10.8M ($0.59 EPS) in H1 2025. Key drivers: Community Banking segment net interest income surged 16.1% to $15.8M; net interest margin expanded 43 bps to 3.03% (highest since Q4 2022); Mortgage Banking pre-tax income declined 20.2% to $1.6M due to margin compression (3.60% vs. 3.84%). Book value per share increased $0.51 to $19.53; company returned $6.5M to shareholders via $3.7M in buybacks (200k shares at $18.40/share) and $0.17/share dividend.
Why this rating
Strong earnings growth (10% Q2, 34% H1) and margin expansion are genuinely positive, but Mortgage Banking deterioration and modest absolute dollar size relative to $246M market cap limits trajectory impact.
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