Waterstone Financial, Inc. (WSBF) reported a net income of $6 million for Q1 2026, doubling from $3 million in the same quarter last year. Earnings per share also increased to 34 cents, up from 17 cents. The company noted a 23% rise in net interest income, reaching $15.5 million, and a growth in total noninterest income to $20.2 million, driven largely by stronger mortgage banking income.
As of March 31, 2026, Waterstone Financial’s total assets stood at $2.3 billion, with a book value per share increasing to $19.19. During the quarter, the company repurchased about 246,000 shares for $4.4 million and declared a quarterly dividend of 17 cents per share, returning a total of $7.3 million to shareholders. Following the quarter, Waterstone expanded its share repurchase program, authorizing the buyback of an additional 2 million shares.
Despite the quarterly gains, WSBF shares have only risen 0.2% over the past month, lagging behind the S&P 500, which advanced 13.8% in the same period.
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