Waterstone Financial, Inc. — Q3 2026 Earnings Summary

Waterstone Financial, Inc. reported net income of $6.2 million, or $0.36 per diluted share, for the quarter ended September 30, 2026, a decrease from $7.9 million in the same period of 2025. The Community Banking segment achieved record quarterly net interest income of $16.0 million, driven by a reduction in the average cost of funds, while the Mortgage Banking segment recorded a pre-tax loss of $754,000 due to elevated mortgage rates and compressed sales margins. Consolidated return on average assets for the quarter was 1.09%, and book value per share declined to $19.29, primarily due to accumulated other comprehensive losses from rising treasury rates. Total dividends declared for the quarter amounted to $0.17 per common share.