Waterstone Financial, Inc. (WSBF)

Over the past six months, Waterstone Financial, Inc. declared its Q1 2025 earnings, reporting a flat year-over-year net income of $3.0 million. The company declared regular quarterly cash dividends in June and September 2025. In July 2025, Q2 2025 earnings were announced, reporting $0.43 earnings per share (EPS), and new board members were elected. Director Michael L. Hansen decreased his ownership by 98.61% in August 2025. Douglas S. Gordon was inducted into the WBA Leaders in Banking Excellence in September 2025. Weiss Ratings reaffirmed a "hold (c)" rating for Waterstone Financial in October 2025, and Tara Lagerman was named a 2025 C-Suite Star. The company announced its Q3 2025 results, reporting a net income of $7.9 million, or $0.45 per diluted share, representing a 73.1% increase compared to the same quarter in the prior year. As of April 9, 2025, the stock had lost 5.22% over the last four weeks and 23.97% over the last 12 months.

The demand for Waterstone Financial, Inc.'s banking and mortgage products and services is subject to seasonality. Loan demand is typically highest during the spring and summer months and lowest in December, January, and February. Mortgage activity is often softer in the fourth quarter, with potential for increased activity driven by anticipated interest rate changes. Community banking can also experience seasonality, notably in areas like agricultural lending.

Waterstone Financial, Inc. operates as the savings and loan holding company for WaterStone Bank SSB, offering community and mortgage banking services. The community banking segment provides lending, deposit, transactional, and investable funds solutions. The mortgage banking segment originates residential mortgage loans for sale in the secondary market and invests in securities.

Waterstone Financial, Inc.'s community banking operations are concentrated in Southeastern Wisconsin, with 14 WaterStone Bank SSB branches. Its mortgage banking segment has offices in 21 states and can lend in 48 states across the United States.

Waterstone Financial, Inc., through WaterStone Bank, maintains a strong brand reputation with an A+ rating from the Better Business Bureau since 1954. The bank's reputation was positively highlighted by the recognition of its Vice President and Director of Marketing, Tara Lagerman, as a 2025 C-Suite Star by the Milwaukee Business Journal. No significant negative events impacting the company's brand reputation were identified within the past year.

Waterstone Financial, Inc. is owned by institutional shareholders (49.87%), company insiders (11.76%), and retail investors (38.37%). Major institutional owners include Blackrock Inc., Dimensional Fund Advisors LP, Renaissance Technologies LLC, Vanguard Group Inc., Bridgeway Capital Management LLC, State Street Corp, Geode Capital Management LLC, and Csm Advisors LLC. Key individual owners include Douglas S. Gordon and Michael L. Hansen.