Quarterly ResultApr 23, 2026, 04:02 PM
Waterstone Financial Q1 Net Income Doubles to $6.0M
AI Summary
Waterstone Financial, Inc. reported a strong start to 2026 with net income doubling to $6.0 million, or $0.34 per diluted share, for the quarter ended March 31, 2026, compared to $3.0 million in the prior year. This performance was driven by continued net interest margin expansion and increased loan origination volumes in the mortgage banking segment. The company also returned $7.3 million to shareholders through an increased quarterly dividend of $0.17 per share and share repurchases.
Key Highlights
- Net income for Q1 2026 doubled to $6.0 million from $3.0 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.34, up from $0.17 in Q1 2025.
- Community banking net interest income increased 22.8% to $15.2 million.
- Net interest margin expanded 50 basis points to 2.97% for the quarter.
- Returned $7.3 million to shareholders through dividends ($0.17/share) and buybacks.