Waterstone Financial, Inc. (WSBF) reported a 57.1% increase in net income for Q4 2025, reaching 44 cents per share compared to 28 cents per share a year earlier. The company’s total net income for the quarter was $7.7 million, up from $5.2 million in the same period in 2024. Notably, shares of Waterstone Financial have increased by 7.2% since the earnings announcement, outperforming the S&P 500, which declined by 0.4% during the same timeframe.
The company also saw year-over-year growth in net interest income by 22.4%, totaling $15.7 million, and a rise in total noninterest income to $21.5 million, up from $19 million in the prior-year quarter. Waterstone Financial reported a positive provision for credit losses of $0.6 million, which helped boost earnings further. For the full year 2025, the firm’s net income amounted to $26.4 million or $1.48 per share, up 46.5% from $1.01 per share in 2024.
Management noted a strong finish to 2025, with improvements in net interest margin and asset quality contributing to the results. They indicated cautious optimism for 2026, highlighting continued capital returns through dividends and share buybacks, including a quarterly dividend of 15 cents per share and $5.3 million returned to shareholders during the fourth quarter.
