Waterstone Financial Reports Strong Earnings Growth

Waterstone Financial ( (WSBF) ) has released its Q2 earnings. Here is a breakdown of the information Waterstone Financial presented to its investors.

Waterstone Financial, Inc. is a savings and loan holding company for WaterStone Bank, a community-focused financial institution that provides a wide range of personal and business banking products through its 14 branches in southeastern Wisconsin. The company is also the parent of WaterStone Mortgage Corporation, a national lender licensed in 48 states.

In its latest earnings report, Waterstone Financial, Inc. announced a net income of $7.7 million, or $0.43 per diluted share, for the quarter ending June 30, 2025, marking an increase from $5.7 million, or $0.31 per diluted share, in the same quarter of the previous year. The company also reported a net income per diluted share of $0.59 for the first six months of 2025, up from $0.47 in the same period of 2024.

Key financial metrics highlighted in the report include a consolidated return on average assets of 1.39% and a return on average equity of 9.04% for the quarter. The Community Banking segment saw a significant increase in net interest income, driven by improved cost of funds, while the Mortgage Banking segment maintained steady pre-tax income despite a decrease in loan originations. The company also engaged in an active share repurchase program, buying back approximately 508,000 shares, which contributed to an increase in book value per share.

The company continues to focus on maintaining strong asset quality, with minimal loan loss activity and a decrease in nonperforming assets as a percentage of total assets. Waterstone Financial’s management remains optimistic about future growth, supported by its strategic initiatives and commitment to enhancing shareholder value.