Monitor net interest margin trajectory and loan origination volumes in the next quarter, as continued margin expansion and strong mortgage activity signal sustained earnings momentum. The dividend increase and active buyback program enhance shareholder returns.
Price Chart
Executive Summary
Waterstone Financial reported Q1 2026 net income of $6.0 million ($0.34 diluted EPS), up from $3.0 million ($0.17) in the prior-year quarter, driven by a 22.8% increase in net interest income and a 50 basis point expansion in net interest margin to 2.97%. The mortgage banking segment returned to profitability with $22,000 in pre-tax income after a $2.2 million loss a year ago.
Key Financial Metrics
Key Facts
- Q1 2026 net income: $6.0 million ($0.34 diluted EPS) vs. $3.0 million ($0.17) in Q1 2025
- Net interest margin expanded 50 bps YoY to 2.97%, up 8 bps QoQ
- Community Banking net interest income up 22.8% YoY to $15.2 million
- Mortgage Banking pre-tax income: $22,000 vs. $2.2 million loss in Q1 2025
- Loan originations up 31.1% YoY to $508.3 million
- Dividend increased to $0.17 per share; $7.3 million returned to shareholders via buybacks and dividends
Financial Impact
Net income doubled YoY to $6.0 million with strong margin expansion and a turnaround in mortgage banking profitability
Risk Factors
- Provision for credit losses increased to $264,000 from a $558,000 release in the prior-year quarter
- Gross margin on loans sold declined 33 bps YoY to 3.65%
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-013174 |
| Document: wsbf20260301_8k.htm | 0001437749-26-013174 |
| Document: 0001437749-26-013174-index-headers.html | 0001437749-26-013174 |
| Document: 0001437749-26-013174-index.html | 0001437749-26-013174 |
| Document: 0001437749-26-013174.txt | 0001437749-26-013174 |
| 8-K Data (Synthetic) | 0001437749-26-013174 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | 8-K | $19.80 | awaiting T+20 | — | $19.90 (+0.51%) |
Sep 22, 2026 4w ago | Press Release | $20.33 $19.62 | ▼ −3.49% | ▼ −4.18% | $19.90 (−2.12%) |
Jul 23, 2026 13w ago | 8-K | $20.06 $21.09 | ▲ +5.13% | ▲ +1.51% | $19.90 (−0.80%) |
Jun 23, 2026 17w ago | 8-K | $19.78 $19.53 | ▼ −1.26% | ▼ −3.20% | $19.90 (+0.61%) |
Apr 27, 2026 26w ago | Press Release | $18.24 $18.56 | ▲ +1.75% | ▼ −3.71% | $19.90 (+9.10%) |
Apr 27, 2026 26w ago | 8-K | $18.24 $18.56 | ▲ +1.75% | ▼ −3.71% | $19.90 (+9.10%) |
Apr 23, 2026 26w ago | Press Release | $17.91 $18.56 | ▲ +3.63% | ▼ −0.40% | $19.90 (+11.11%) |
Apr 23, 2026 26w ago | 8-K | $17.91 $18.56 | ▲ +3.63% | ▼ −0.40% | $19.90 (+11.11%) |
Mar 17, 2026 31w ago | Press Release | $17.50 $18.28 | ▲ +4.48% | ▼ −1.57% | $19.90 (+13.74%) |
US Market Status
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