Waterstone Financial, Inc. Announces Results of Operations for the Three Months Ended March 31, 2026

About this update from Waterstone Financial, Inc.

[{"type":"text","content":"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.","length":428,"tagName":"p"},{"type":"text","content":"“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.”","length":1228,"tagName":"p"},{"type":"text","content":"Highlights of the Quarter Ended March 31, 2026","length":46,"tagName":"p"},{"type":"text","content":"Waterstone Financial, Inc. (Consolidated)","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Consolidated return on average assets (annualized) was 1.10% for the quarter ended March 31, 2026 and 0.57% for the...

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