Waterstone Financial Q2 net income rises on higher loan yields

Waterstone Financial

23/07/2026 21:13

    

    Overview
  
U.S. savings and loan reported Q2 net income up yr/yr on higher net interest income
Net interest margin rose to 3.03%, highest since Q4 2022, aided by higher loan yields
Company returned $6.5 mln to shareholders via buybacks and dividends in Q2

    

    Outlook
  
Company did not provide specific guidance or outlook for future quarters or full year

    

    Result Drivers
  
HIGHER LOAN YIELDS - Co said increased yields on loans and reduced cost of funds drove higher net interest income in Community Banking
MORTGAGE MARGIN PRESSURE - Mortgage Banking segment saw lower pre-tax income despite higher loan originations, as sales margins declined due to secondary market concerns about long-term rates
CREDIT LOSS PROVISION - Provision for credit losses increased, mainly due to commercial real estate external qualitative factors

    
Company press release: ID:nGNX44RLJG

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Net Income
 
$8.46 mln
 
Q2 Net Interest Income
 
$16.01 mln
 
Q2 Credit Loss Provision
 
$236,000
 

    

    Reuters Recommended Reads
  
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July 21 - Equifax sees downbeat annual revenue amid tough mortgage market

    
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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.)