Waterstone Financial, Inc. (WSBF) reported a net income of $7.7 million, or 43 cents per share, for the second quarter ending June 30, 2025, an increase from $5.7 million and 31 cents per share in the same period in 2024. The earnings reflect a 39% growth in earnings per share (EPS).
Net interest income rose to $13.7 million from $10.9 million year-over-year, while noninterest income fell to $24.3 million from $26.5 million. The company’s net interest margin improved to 2.60%, up from 2.01% a year earlier. Total assets as of June 30, 2025, amounted to $2.22 billion, slightly up from $2.21 billion at the end of 2024.
Waterstone repurchased approximately 508,000 shares at an average cost of $12.80 each, increasing the book value per share to $18.19 from $17.53 at the end of 2024. The company’s consolidated return on average assets grew to 1.39%, and return on average equity increased to 9.04% compared to previous year figures.
