Earnings Releases·Nov 13, 2026, 4:00 PM ET

Waterstone Financial, Inc. — Q3 2026 Earnings Summary

Consolidated net income declined 21.5% year-over-year to $6.2 million ($0.36/share) for Q3 2026, though nine-month net income rose 10.2% to $20.6 million ($1.19/share).
Community Banking delivered record net interest income of $16.0 million and a 30-basis-point margin expansion to 3.06%, while the Mortgage Banking segment swung to a $754,000 pre-tax loss due to elevated rates compressing origination volumes and sales margins.
Asset quality metrics deteriorated with nonperforming assets rising to 0.55% of total assets and past due loans increasing to 0.81%, primarily driven by one significant substandard relationship.
Book value per share decreased $0.24 to $19.29 due to treasury rate impacts on accumulated other comprehensive losses, despite management maintaining a strong capital position.
No forward guidance was provided; the company noted ongoing pressure on mortgage banking margins from elevated long-term rates and reported a $0.17 per share dividend declaration.