Waterstone Financial, Inc. (WSBF) Financial Statements
Industry: Savings Institution, Federally Chartered
In fiscal 2025, Waterstone Financial reported revenue of $141.9M, up 4.8% from $135.5M the year before. Net income was $26.4M (a 18.6% net margin), or $1.48 per diluted share. Net interest income was $56.7M, and the efficiency ratio (noninterest expense / revenue) was 77.4%. Operating activities generated $24.2M of cash, leaving $23.0M of free cash flow. At fiscal year end, Waterstone Financial held $2.26B in total assets against $1.91B in total liabilities.
Open the full interactive Waterstone Financial financials → Quarterly statements, key ratios, valuation history and price charts.
Waterstone Financial Key Stats
| Share Price | $19.79 |
|---|---|
| Market Cap | $340.1M |
| P/E Ratio | 13.4 |
| Revenue YoY Growth | +4.8% |
| 52-Week Range | $14.11 – $21.33 |
| Shares Outstanding | 17.1 million (basic, 2026 Q2) |
Waterstone Financial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $53.5M | $55.5M | $57.0M | $50.2M | $46.2M | $56.7M |
| Provision for Credit Losses | $6.3M | -$4.0M | $968,000 | $656,000 | -$168,000 | -$1.4M |
| Noninterest Income | $244.0M | $203.2M | $105.6M | $81.2M | $89.3M | $85.2M |
| Noninterest Expense | $183.1M | $170.6M | $137.1M | $119.7M | $111.6M | $109.9M |
| Revenue | $297.5M | $258.7M | $162.5M | $131.4M | $135.5M | $141.9M |
| Pre-Tax Income | $108.1M | $92.1M | $24.5M | $11.0M | $24.0M | $33.4M |
| Income Tax | $27.0M | $21.3M | $5.0M | $1.7M | $5.3M | $7.0M |
| Net Income | $81.1M | $70.8M | $19.5M | $9.4M | $18.7M | $26.4M |
| Diluted EPS | $3.30 | $2.96 | $0.89 | $0.46 | $1.01 | $1.48 |
Waterstone Financial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $37.0M | $37.2M | $35.7M | $40.2M |
| Net Income | $7.9M | $7.7M | $6.0M | $8.5M |
| Diluted EPS | $0.45 | $0.43 | $0.34 | $0.49 |
Waterstone Financial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $1.36B | $1.19B | — | — | — | — |
| Total Assets | $2.18B | $2.22B | $2.03B | $2.21B | $2.21B | $2.26B |
| Deposits | $1.18B | $1.23B | $1.20B | $1.19B | $1.36B | $1.44B |
| Total Long-Term Debt | $508.1M | $477.1M | $386.8M | $611.1M | $446.5M | $412.3M |
| Total Liabilities | $1.77B | $1.78B | $1.66B | $1.87B | $1.87B | $1.91B |
| Shareholders' Equity | $413.1M | $432.8M | $370.5M | $344.1M | $339.1M | $349.4M |
Waterstone Financial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$100.6M | $154.5M | $206.7M | -$27.6M | $48.1M | $24.2M |
| Cash From Investing | $44.2M | $147.6M | -$335.7M | -$159.2M | -$24.0M | -$8.7M |
| Cash From Financing | $76.9M | -$20.1M | -$201.0M | $176.6M | -$20.8M | $15.9M |
| Free Cash Flow | -$101.8M | $153.7M | $206.0M | -$28.3M | $47.0M | $23.0M |
Figures from Waterstone Financial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Waterstone Financial financials page for every line item.
Waterstone Financial Company Profile
| Ticker | WSBF |
|---|---|
| Exchange | Nasdaq |
| Industry | Savings Institution, Federally Chartered |
| Headquarters | Wauwatosa, Wisconsin |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001569994 |
Frequently Asked Questions
What was Waterstone Financial's revenue in fiscal 2025?
Waterstone Financial (WSBF) reported revenue of $141.9M for fiscal 2025.
What is Waterstone Financial's annual revenue history?
Waterstone Financial's annual revenue by fiscal year: 2020: $297.5M; 2021: $258.7M; 2022: $162.5M; 2023: $131.4M; 2024: $135.5M; 2025: $141.9M.
What was Waterstone Financial's net income in fiscal 2025?
Waterstone Financial reported net income of $26.4M for fiscal 2025.
What was Waterstone Financial's earnings per share (EPS) in fiscal 2025?
Waterstone Financial's diluted EPS was $1.48 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Waterstone Financial generate in fiscal 2025?
Waterstone Financial generated $23.0M of free cash flow in fiscal 2025.
What was Waterstone Financial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Waterstone Financial reported revenue of $40.2M.
How much debt does Waterstone Financial have?
Waterstone Financial reported $412.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Waterstone Financial are outstanding?
Waterstone Financial reported a weighted average of 17.1 million basic shares outstanding in 2026 Q2.
What is Waterstone Financial's market cap?
Based on its latest closing price, Waterstone Financial (WSBF) has a market capitalization of about $340.1M.
When does Waterstone Financial's fiscal year end?
Waterstone Financial's fiscal year end, as registered with the SEC, is December 31.
Where is Waterstone Financial headquartered?
Waterstone Financial lists its business address in Wauwatosa, Wisconsin in its SEC filings.
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