Waterstone Financial Q1 net income surges

Waterstone Financial

23/04/2026 21:12

Overview

US savings and loan company's Q1 net income soared yr/yr on higher net interest margin

Community banking segment posted record Q1 net interest income, up 22.8% yr/yr

Company returned $7.3 mln to shareholders via buybacks and dividend in Q1

Outlook

Company did not provide specific guidance or outlook for the current or future periods in the press release

Result Drivers

NET INTEREST MARGIN EXPANSION - Co said higher net interest margin was driven by increased yield on loans and lower cost of funds

MORTGAGE ORIGINATION GROWTH - Co said increased loan origination activity in mortgage banking segment contributed to higher pre-tax income as rates decreased periodically

HIGHER COMPENSATION EXPENSES - Co said compensation and related expenses in mortgage banking rose due to increased commissions, manager pay, production incentives and salaries

Company press release: ID:nGNXDlKyy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$6 mln
Q1 Net Interest Income
$15.5 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)