Waterstone Financial, Inc.'s SEC filings document its role as the savings and loan holding company for WaterStone Bank and the public-company records tied to its banking and mortgage operations. Recent 8-K reports furnish quarterly and annual results, including Community Banking and Mortgage Banking segment commentary, net interest income, loan origination activity, allowance for credit losses, dividends and share repurchase authorizations.
Proxy and governance filings cover director elections, executive compensation and board committee matters, including Audit Committee leadership changes. The filings also identify the company's common-stock capital actions and its disclosure framework as a Maryland-incorporated Nasdaq issuer.
Waterstone Financial, Inc. reported stronger results for the three months ended March 31, 2026. Net income rose to $6.0 million from $3.0 million a year earlier, with basic earnings per share increasing to $0.35 from $0.17.
Net interest income improved to $15.5 million as deposit and borrowing costs declined, while mortgage banking income grew to $19.0 million. Asset quality remained solid, with non-accrual loans at 0.44% of total loans and total assets around $2.25 billion. The bank stayed well-capitalized with regulatory capital ratios far above minimums.
Waterstone Financial, Inc. has expanded its share repurchase program, authorizing the buyback of up to an additional 2,000,000 shares of common stock. Together with the remaining 148,285 shares from the prior authorization, the company now has 2,148,285 shares available for repurchase, equal to about 11.9% of its issued and outstanding shares as of April 27, 2026. Repurchases may occur over time through open-market purchases, block trades, private transactions, or under a Rule 10b5-1 trading plan, and the company can suspend, terminate, or modify the program at any time.
Waterstone Financial, Inc. reported stronger quarterly results for the three months ended March 31, 2026. Net income was $6.0 million, or $0.34 diluted EPS, up from $3.0 million, or $0.17, a year earlier, though down from $7.7 million, or $0.44, in the prior quarter.
The Community Banking segment delivered record first-quarter net interest income of $15.2 million, as net interest margin expanded to 2.97% from 2.47% a year ago. Average core retail deposits rose 4.3% year over year, while the efficiency ratio improved to 52.48% from 59.66%.
The Mortgage Banking segment returned to a small profit, with pre-tax income of $22,000 versus a $2.2 million loss a year ago. Loan originations increased 31.1% to $508.3 million, although gross margin on loans sold narrowed to 3.65% from 3.98%.
Asset quality remained solid, with nonperforming assets at 0.35% of total assets and past due loans at 0.58%. Book value per share rose to $19.19, and shareholders received $0.17 per share in dividends, while the company repurchased about 246,000 shares for $4.4 million, returning a total of $7.3 million through buybacks and dividends.
Waterstone Financial, Inc. is holding a virtual annual shareholder meeting on May 19, 2026, to elect three directors for terms expiring in 2029, ratify Forvis Mazars, LLP as auditor, and hold advisory votes on executive pay and the frequency of future pay votes.
Shareholders of record on March 25, 2026, when 18,161,733 common shares were outstanding, may vote online, by phone, or by mail. The proxy details governance practices, committee structures, and performance-based pay programs. In 2025, CEO William F. Bruss received total compensation of $785,156, including a $439,035 salary and $214,596 in annual incentive tied to metrics such as segment pre-tax income, loan and core deposit growth, and a 1.19% return on average assets.
Waterstone Financial, Inc. declared a higher regular quarterly cash dividend, signaling confidence in its business and capital position. The Board approved a quarterly dividend of $0.17 per common share, which is a 13.3% increase from the prior quarterly dividend.
The higher dividend will be paid on May 1, 2026 to shareholders who are on record at the close of business on April 8, 2026. Management emphasized maintaining a strong dividend payout ratio and highlighted the increase as part of a long-term focus on shareholder value and disciplined capital management.
Waterstone Financial, Inc. reports on its community banking and nationwide mortgage operations for the year ended December 31, 2025. The company had 18,359,930 common shares outstanding and a public float valued at about $246.2 million as of mid‑2025.
WaterStone Bank’s loan portfolio totaled $1.68 billion, concentrated in multi-family (45.3%), one‑ to four‑family (29.0%) and commercial real estate (19.5%) loans, with an overall yield of 5.67%. Non‑accrual loans were $6.2 million, only 0.37% of total loans, and nonperforming assets were 0.29% of total assets.
The allowance for credit losses on loans was $17.5 million, equal to 1.04% of loans and 283.04% of non‑accrual loans, after a negative provision of $0.9 million and net recoveries. Deposits averaged $1.41 billion with a cost of funds of 3.09%, while Federal Home Loan Bank and other borrowings averaged $423.9 million at a 3.74% rate.
Waterstone Financial, Inc. director Gordon Douglas S reported an open-market sale of common stock. He sold 2,880 shares of Waterstone Financial common stock at a price of $18.11 per share, classified as a sale in the open market or a private transaction.
After this transaction, he directly owned 556,773 shares of common stock. Indirect holdings reported included 53,495 shares held by an IRA and 22,503 shares held by a trust, showing his remaining stake through both direct and indirect ownership.
Waterstone Financial, Inc. director Gordon Douglas S reported selling 6,765 shares of common stock on 02/06/2026 at a weighted average price of $18.265 per share. After this sale, he directly owned 559,653 common shares.
In addition to his direct holdings, he also reported indirect ownership of 53,495 common shares held by an IRA and 22,503 common shares held by a trust. The sale price reflects multiple trades executed at different prices, reported as a single weighted average.
Waterstone Financial, Inc. director Gordon Douglas S reported two stock sales. On February 4, 2026, he sold 15,000 shares of common stock at a weighted average price of $18.551. On February 5, 2026, he sold an additional 18,716 shares at a weighted average price of $18.25. After these transactions, he directly owned 566,418 shares of Waterstone Financial common stock.