Waterstone Financial Q2 net income $7.7M ($0.43 EPS) vs $5.7M ($0.31) YoY; NIM expands 59 bps

Waterstone Financial, Inc.

2025-Q2 EPS reported $0.59

Pre-tax income in Community Banking up 50.4% YoY to $7.6M; net interest income rose 21.4% to $13.6M.
Net interest margin improved 59 bps to 2.60% from 2.01% a year ago; efficiency ratio improved to 50.40%.
Mortgage Banking pre-tax income steady at $2.0M; loan originations fell 7.1% to $588.8M.
Repurchased ~508k shares at $12.80/share ($6.5M); book value per share rose to $18.19 from $17.53 at end-2024.
Dividend declared $0.15 per share; nonperforming assets remained low at 0.37% of total assets.

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