Waterstone Financial Q2 FY26 net income rises 9.5% to $8.46 million; EPS climbs to $0.49

Waterstone Financial posted net income of $8.46 million in the quarter ended June 30, 2026, lifting diluted EPS to $0.49.

Net interest income climbed 16.8% to $16.01 million, with net interest margin widening 43 basis points to 3.03%.

Provision for credit losses swung to expense of $236,000 from a negative provision, driven by higher commercial real estate external qualitative factors.

Noninterest income edged down 0.4% to $24.24 million as mortgage banking income slipped to $22.14 million.

Noninterest expenses rose 3.5% to $29.38 million on higher compensation and benefits, including increased mortgage banking commissions.