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Waterstone Financial, Inc. Announces Results of Operations for the Quarter and Twelve Months Ended December 31, 2025

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  • Waterstone Financial, Inc. reported net income of $7.7 million ($0.44 per diluted share) for the quarter ended December 31, 2025, compared to $5.2 million ($0.28 per share) for the same period in 2024.
  • Net income for the twelve months ended December 31, 2025, totaled $26.4 million ($1.48 per share), up from $18.7 million ($1.01 per share) in 2024.
  • The Community Banking segment achieved pre-tax income of $9.1 million, a 35.5% increase year-over-year, driven by a 20.4% rise in net interest income to $15.5 million.
  • Net interest margin for the Community Banking segment expanded 47 basis points to 2.89%, primarily due to higher loan yields & lower funding costs.
  • The Mortgage Banking segment recorded pre-tax income of $900,000, marking the third consecutive profitable quarter as loan originations rose 13.6% to $534.6 million.
  • Book value per share increased to $19.03 at December 31, 2025, from $17.53 in 2024, supported by earnings, share repurchases, & investment portfolio valuation improvements.
  • The company returned $5.3 million to shareholders through dividends & buybacks, including a $0.15 per share quarterly dividend & the repurchase of approximately 174,000 shares.
  • Consolidated return on average assets was 1.35% for the quarter, while return on average equity reached 8.74%, both showing significant improvement over 2024 levels.
  • Nonperforming assets represented 0.29% of total assets, & past due loans accounted for 0.86% of total loans at the end of the quarter.
  • The efficiency ratio for the Community Banking segment improved to 49.23% from 51.54% in the prior year quarter.
  • Total deposits grew to $1.437 billion, with average core retail deposits increasing 3.8% to $1.32 billion, while brokered certificates of deposits averaged $105.5 million.
  • Provision for credit losses resulted in a negative provision (release) of $558,000 for the quarter, driven by decreases in multi-family & construction loan balances.