Waterstone Financial Q2 net income rises 35%

Waterstone Financial

22/07/2025 21:13

Overview

Waterstone Financial Q2 net income rises to $7.7 mln from $5.7 mln yr ago

Community Banking segment net interest income up $2.4 mln yr/yr

Co repurchased 508,000 shares, boosting book value per share

Outlook

Company continues to maintains strong asset quality with minimal loan loss activity

Result Drivers

NET INTEREST INCOME - Community Banking segment's net interest income rose by $2.4 mln due to improved cost of funds

SEASONAL LOAN ORIGINATIONS - Mortgage Banking segment's pre-tax income benefited from expanded seasonal loan origination volumes

ASSET QUALITY - Strong asset quality and minimal loan loss activity led to releases from allowance for credit losses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$7.73 mln
Q2 Net Interest Income
$13.71 mln
Q2 Credit Loss Provision
-$9,000
Q2 Pretax Profit
$9.67 mln


Press Release: ID:nGNX15fNtz

(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.)