Waterstone Financial reports Q2 net income up 10% to $8.5M on record community banking NII

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income rose 10% to $8.5M ($0.49/share) from $7.7M ($0.43/share) in Q2 2025; six-month net income climbed 34% to $14.5M ($0.84/share) from $10.8M ($0.59/share).

  Exhibit 99.1 view on EDGAR →
• high

  Community banking segment posted record quarterly net interest income of $15.8M, up 16% year-over-year, with net interest margin expanding to 3.03%, the highest since Q4 2022.

  Exhibit 99.1 view on EDGAR →
• medium

  Mortgage banking pre-tax income fell 20% to $1.6M despite 6% higher originations ($621.8M), as gross margin compressed to 3.60% from 3.84% on cautious secondary-market pricing.

  Exhibit 99.1 view on EDGAR →