Waterstone Financial | 8-K: FY2025 Q3 Revenue: USD 51.86 M

Revenue: As of FY2025 Q3, the actual value is USD 51.86 M.

EPS: As of FY2025 Q3, the actual value is USD 0.45.

EBIT: As of FY2025 Q3, the actual value is USD -4.895 M.

Waterstone Financial, Inc. (Consolidated)

• Net Income: $7.9 million for Q3 2025, compared to $4.7 million for Q3 2024.
• Return on Average Assets (Annualized): 1.42% for Q3 2025, compared to 0.83% for Q3 2024.
• Return on Average Equity (Annualized): 9.14% for Q3 2025, compared to 5.55% for Q3 2024.
• Dividends Declared: $0.15 per common share for Q3 2025.
• Share Repurchases: Approximately 270,000 shares at a cost of $3.8 million, or $14.15 per share, increasing book value by $0.07 per share.
• Nonperforming Assets: 0.27% of total assets as of September 30, 2025, compared to 0.25% as of September 30, 2024.
• Past Due Loans: 0.50% of total loans as of September 30, 2025, compared to 0.63% as of September 30, 2024.
• Book Value Per Share: $18.65 as of September 30, 2025, compared to $17.53 as of December 31, 2024.

Community Banking Segment

• Pre-tax Income: $8.4 million for Q3 2025, a 49.4% increase from $5.6 million for Q3 2024.
• Net Interest Income: $14.6 million for Q3 2025, a 19.3% increase from $12.3 million for Q3 2024.
• Average Loans Held for Investment: $1.68 billion for Q3 2025, a decrease of $6.2 million from Q3 2024.
• Net Interest Margin: 2.76% for Q3 2025, compared to 2.13% for Q3 2024.
• Past Due Loans: $6.8 million as of September 30, 2025, compared to $8.0 million as of September 30, 2024.
• Negative Provision for Credit Losses: $137,000 for funded loans and $139,000 for unfunded loan commitments for Q3 2025.
• Efficiency Ratio: 48.94% for Q3 2025, compared to 60.35% for Q3 2024.
• Average Core Retail Deposits: $1.31 billion for Q3 2025, a 5.2% increase from $1.25 billion for Q3 2024.

Mortgage Banking Segment

• Pre-tax Income: $1.3 million for Q3 2025, compared to $144,000 for Q3 2024.
• Loan Originations: $539.4 million for Q3 2025, a decrease of $19.3 million from Q3 2024.
• Mortgage Banking Non-interest Income: $21.0 million for Q3 2025, a decrease of $401,000 from Q3 2024.
• Gross Margin on Loans Sold: 3.87% for Q3 2025, compared to 3.83% for Q3 2024.
• Total Compensation, Payroll Taxes, and Other Employee Benefits: $15.7 million for Q3 2025, a decrease of $214,000 from Q3 2024.

Outlook / Guidance

Waterstone Financial, Inc. expects continued strong asset quality and improved net interest margins to sustain earnings growth. The company remains focused on expense management and improving margins in the Mortgage Banking segment. Future performance may be influenced by changes in interest rates, demand for products and services, and regulatory changes.