WSBF Q2 net income +9.5% to $8.5M on 43bp margin expansion; mortgage margin pressure flagged

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Net income rose 9.5% to $8.5M in Q2 2026 (diluted EPS $0.49, +14.0%) driven by net interest margin expansion to 3.03% from 2.60%, a 43 basis point improvement reflecting higher loan yields and lower deposit costs.

  MD&A: Net Income & Net Interest Margin verify on EDGAR →
• high

  New risk factor warns that Q2 2026 mortgage banking results were negatively impacted by lower secondary-market sales margins; continued compression could harm segment and consolidated profitability.

  Risk Factors: Mortgage Banking Margin Volatility verify on EDGAR →
• high

  Mortgage banking segment swung to $1.2M profit for the first half of 2026 from a $157k loss in H1 2025, driven by 15.7% higher origination volume ($1.13B) despite a 7.0% decline in gross margin.

  MD&A: Mortgage Banking Segment YTD verify on EDGAR →