Waterstone Financial (WSBF) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $8.5 million ($0.49 per diluted share), up from $7.7 million ($0.43 per share) year-over-year.

• Six-month net income reached $14.5 million, a 34% increase from $10.8 million in the prior year period.

• Quarterly net interest margin rose to 3.03%, the highest since Q4 2022.

• $6.5 million was returned to shareholders via buybacks and dividends in Q2 2026.

Financial highlights

• Consolidated return on average assets (annualized) was 1.52% for Q2 2026, up from 1.39% a year ago.

• Return on average equity (annualized) increased to 9.65% from 9.04% year-over-year.

• Book value per share rose to $19.53 at June 30, 2026, from $19.03 at year-end 2025.

• Dividends declared were $0.17 per share for the quarter.

Outlook and guidance

• Management highlighted continued growth in loan yields and transaction deposits as drivers for future performance.

• Forward-looking statements caution about risks from interest rates, competition, regulation, and economic conditions.