What is Waterstone Finl Inc Md's earnings per share (EPS)?

Waterstone Finl Inc Md (WSBF) reported diluted earnings per share of $1.48 for fiscal year 2025. This represents a 46.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Waterstone Finl Inc Md Financials

WSBF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Waterstone Finl Inc Md (WSBF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WSBF FY2025 2026-05-07

Profitability recovery is being driven by lower funding costs and a lighter balance sheet, not by rapid revenue growth.

From FY2023 to FY2025, ROA rose from 0.4% to 1.2%, even though total assets barely moved, which means the same balance sheet is earning more. At the same time, debt-to-equity fell from 1.8x to 1.2x, so the earnings rebound came with less leverage rather than by stretching the balance sheet harder.

Between FY2024 and FY2025, revenue added only $2.9M, but net income increased by $7.7M, a sign that the improvement was happening inside the income statement rather than from scale alone. With interest expense down to $59.4M from $67.0M and overhead still easing, more revenue was left after funding and operating costs.

Liquidity improved while deleveraging continued: cash and equivalents climbed to $63.6M as long-term debt fell to $412.3M. Because the company also kept shrinking its share count through buybacks, per-share results can strengthen faster than the underlying balance sheet grows.

Financial Health Signals

Financial Profile 36/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Waterstone Finl Inc Md's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Waterstone Finl Inc Md's revenue grew a modest 2.6% year-over-year to $116.1M. This slow but positive growth earns a score of 47/100.

Leverage

Waterstone Finl Inc Md carries a low D/E ratio of 1.18, meaning only $1.18 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Waterstone Finl Inc Md converts 19.8% of revenue into free cash flow ($23.0M). This strong cash generation earns a score of 67/100.

Returns

Waterstone Finl Inc Md generates a 7.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is up from 5.5% the prior year.

Piotroski F-Score Neutral

6/9

Waterstone Finl Inc Md passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

0.92x

For every $1 of reported earnings, Waterstone Finl Inc Md generates $0.92 in operating cash flow ($24.2M OCF vs $26.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$116.1M

YoY+2.6%

5Y CAGR+8.1%

10Y CAGR+6.5%

Waterstone Finl Inc Md generated $116.1M in revenue in fiscal year 2025. This represents an increase of 2.6% from the prior year.

EBITDA

N/A

Net Income

$26.4M

YoY+41.3%

5Y CAGR-20.1%

10Y CAGR+4.8%

Waterstone Finl Inc Md reported $26.4M in net income in fiscal year 2025. This represents an increase of 41.3% from the prior year.

EPS (Diluted)

$1.48

YoY+46.5%

5Y CAGR-14.8%

10Y CAGR+10.2%

Waterstone Finl Inc Md earned $1.48 per diluted share (EPS) in fiscal year 2025. This represents an increase of 46.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$23.0M

YoY-51.0%

Waterstone Finl Inc Md generated $23.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.0% from the prior year.

Cash & Debt

$63.6M

YoY+80.7%

5Y CAGR-7.7%

10Y CAGR-4.5%

Waterstone Finl Inc Md held $63.6M in cash against $412.3M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.60

YoY+0.0%

5Y CAGR-15.1%

Waterstone Finl Inc Md paid $0.60 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

18M

YoY-5.1%

5Y CAGR-6.1%

10Y CAGR-4.6%

Waterstone Finl Inc Md had 18M shares outstanding in fiscal year 2025. This represents a decrease of 5.1% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

22.7%

YoY+6.2pp

5Y CAGR-80.7pp

10Y CAGR-4.0pp

Waterstone Finl Inc Md's net profit margin was 22.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.2 percentage points from the prior year.

Return on Equity

7.6%

YoY+2.0pp

5Y CAGR-12.1pp

10Y CAGR+3.3pp

Waterstone Finl Inc Md's ROE was 7.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$16.2M

YoY+8.7%

5Y CAGR-14.9%

10Y CAGR-13.9%

Waterstone Finl Inc Md spent $16.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 8.7% from the prior year.

Capital Expenditures

$1.2M

YoY+6.0%

5Y CAGR-1.0%

10Y CAGR-8.9%

Waterstone Finl Inc Md invested $1.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.0% from the prior year.

WSBF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$116.1M+2.6%	$113.2M+14.1%	$99.2M+41.2%	$70.2M+0.5%	$69.9M-11.0%	$78.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$79.6M-1.8%	$81.1M-3.6%	$84.1M-15.5%	$99.6M-26.3%	$135.1M-2.8%	$139.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$59.4M-11.4%	$67.0M+36.8%	$49.0M+268.6%	$13.3M-7.5%	$14.4M-42.5%	$25.0M
Income Tax	$7.0M+32.5%	$5.3M+220.7%	$1.7M-66.8%	$5.0M-76.6%	$21.3M-21.0%	$27.0M
Net Income	$26.4M+41.3%	$18.7M+99.3%	$9.4M-51.9%	$19.5M-72.5%	$70.8M-12.8%	$81.1M
EPS (Diluted)	$1.48+46.5%	$1.01+119.6%	$0.46-48.3%	$0.89-69.9%	$2.96-10.3%	$3.30

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$29.0M-3.6%	$30.1M+1.9%	$29.6M+3.0%	$28.7M+3.4%	$27.8M-4.5%	$29.1M-0.5%	$29.2M+4.2%	$28.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$19.8M-5.1%	$20.9M+1.9%	$20.5M-2.8%	$21.1M+23.9%	$17.0M-7.5%	$18.4M-12.3%	$21.0M-3.4%	$21.8M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$13.6M-5.9%	$14.4M-2.8%	$14.8M-1.1%	$15.0M-1.3%	$15.2M-6.4%	$16.2M-8.2%	$17.7M+1.9%	$17.3M
Income Tax	$1.6M-33.5%	$2.3M+21.9%	$1.9M-1.2%	$1.9M+129.8%	$845K-15.2%	$996K-14.0%	$1.2M-19.0%	$1.4M
Net Income	$6.0M-22.2%	$7.7M-2.7%	$7.9M+2.6%	$7.7M+154.5%	$3.0M-41.7%	$5.2M+10.2%	$4.7M-17.2%	$5.7M
EPS (Diluted)	$0.34	N/A	$0.45+4.7%	$0.43+152.9%	$0.17	N/A	$0.26-16.1%	$0.31

WSBF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$2.3B+2.3%	$2.2B-0.2%	$2.2B+8.9%	$2.0B-8.3%	$2.2B+1.4%	$2.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$63.6M+80.7%	$35.2M+14.7%	$30.7M-9.0%	$33.7M-91.1%	$376.7M+297.5%	$94.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.9B+2.1%	$1.9B+0.1%	$1.9B+12.5%	$1.7B-6.8%	$1.8B+0.7%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$412.3M-7.7%	$446.5M-26.9%	$611.1M+58.0%	$386.8M-18.9%	$477.1M-6.1%	$508.1M
Total Equity	$349.4M+3.0%	$339.1M-1.4%	$344.1M-7.1%	$370.5M-14.4%	$432.8M+4.8%	$413.1M
Retained Earnings	$293.0M+5.7%	$277.2M+2.8%	$269.6M-1.7%	$274.2M+0.3%	$273.4M+11.5%	$245.3M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$2.3B-0.4%	$2.3B-0.4%	$2.3B+0.6%	$2.3B+3.7%	$2.2B-1.5%	$2.2B-1.5%	$2.2B-2.0%	$2.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$38.8M-39.0%	$63.6M+26.9%	$50.1M-20.7%	$63.2M+68.7%	$37.5M+6.5%	$35.2M-1.6%	$35.8M-1.1%	$36.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.9B-0.4%	$1.9B-0.7%	$1.9B+0.4%	$1.9B+4.4%	$1.8B-1.9%	$1.9B-1.7%	$1.9B-2.7%	$2.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$413.0M+0.2%	$412.3M-12.1%	$469.1M+0.7%	$465.7M+17.7%	$395.9M-11.3%	$446.5M-20.3%	$560.1M-15.2%	$660.8M
Total Equity	$348.2M-0.3%	$349.4M+1.1%	$345.5M+1.2%	$341.5M0.0%	$341.4M+0.7%	$339.1M-0.8%	$342.0M+2.1%	$334.9M
Retained Earnings	$296.0M+1.0%	$293.0M+1.8%	$287.9M+1.9%	$282.6M+1.8%	$277.5M+0.1%	$277.2M+0.9%	$274.7M+0.7%	$272.8M

WSBF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$24.2M-49.7%	$48.1M+274.3%	-$27.6M-113.3%	$206.7M+45.5%	$142.0M+251.7%	-$93.6M
Capital Expenditures	$1.2M+6.0%	$1.1M+57.0%	$700K-0.1%	$701K-9.9%	$778K-36.5%	$1.2M
Free Cash Flow	$23.0M-51.0%	$47.0M+266.1%	-$28.3M-113.7%	$206.0M+45.8%	$141.2M+249.0%	-$94.8M
Investing Cash Flow	-$8.7M+63.5%	-$24.0M+85.0%	-$159.2M+52.6%	-$335.7M-309.8%	$160.1M+330.4%	$37.2M
Financing Cash Flow	$15.9M+176.6%	-$20.8M-111.8%	$176.6M+187.8%	-$201.0M-899.2%	-$20.1M-126.2%	$76.9M
Dividends Paid	$10.8M-4.4%	$11.3M-26.7%	$15.4M-49.2%	$30.3M-0.4%	$30.4M-3.6%	$31.5M
Share Buybacks	$16.2M+8.7%	$14.9M-42.7%	$26.0M-45.6%	$47.8M+370.0%	$10.2M-71.9%	$36.2M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$647K-120.4%	$3.2M-90.3%	$32.7M+185.1%	-$38.4M-243.8%	$26.7M+14.1%	$23.4M-68.4%	$74.1M+287.5%	-$39.5M
Capital Expenditures	$991K+81.5%	$546K+85.1%	$295K+400.0%	$59K-77.7%	$265K-25.1%	$354K+82.5%	$194K+20.5%	$161K
Free Cash Flow	-$1.6M-162.4%	$2.6M-91.9%	$32.4M+184.2%	-$38.5M-245.4%	$26.5M+14.7%	$23.1M-68.8%	$73.9M+286.2%	-$39.7M
Investing Cash Flow	-$15.9M-143.3%	$36.9M+165.8%	-$56.0M-773.3%	-$6.4M-138.1%	$16.9M+130.8%	$7.3M+142.9%	-$17.0M-21.1%	-$14.1M
Financing Cash Flow	-$9.9M+56.5%	-$22.7M-467.7%	$6.2M-91.5%	$72.5M+280.9%	-$40.1M-23.8%	-$32.4M+43.1%	-$57.0M-215.8%	$49.2M
Dividends Paid	$2.6M+0.1%	$2.6M+0.1%	$2.6M-1.3%	$2.7M-2.7%	$2.7M-0.7%	$2.8M+0.1%	$2.8M-0.1%	$2.8M
Share Buybacks	$4.4M+61.3%	$2.7M-28.7%	$3.8M-41.2%	$6.5M+104.7%	$3.2M+13.3%	$2.8M+180.3%	$999K-82.7%	$5.8M

WSBF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	22.7%+6.2pp	16.5%+7.1pp	9.4%-18.3pp	27.7%-73.6pp	101.3%-2.1pp	103.4%
Return on Equity	7.6%+2.0pp	5.5%+2.8pp	2.7%-2.5pp	5.3%-11.1pp	16.4%-3.3pp	19.6%
Return on Assets	1.2%+0.3pp	0.9%+0.4pp	0.4%-0.5pp	1.0%-2.2pp	3.2%-0.5pp	3.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.18-0.1	1.32-0.5	1.78+0.7	1.04-0.1	1.10-0.1	1.23
FCF Margin	19.8%-21.7pp	41.5%+70.0pp	-28.5%-321.7pp	293.2%+91.1pp	202.1%+322.9pp	-120.8%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.7%-4.9pp	25.6%-1.2pp	26.8%-0.1pp	26.9%+16.0pp	10.9%-7.0pp	17.9%+1.7pp	16.2%-4.2pp	20.4%
Return on Equity	1.7%-0.5pp	2.2%-0.1pp	2.3%+0.0pp	2.3%+1.4pp	0.9%-0.7pp	1.5%+0.2pp	1.4%-0.3pp	1.7%
Return on Assets	0.3%-0.1pp	0.3%-0.0pp	0.4%+0.0pp	0.3%+0.2pp	0.1%-0.1pp	0.2%+0.0pp	0.2%-0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	1.190.0	1.18-0.2	1.360.0	1.36+0.2	1.16-0.2	1.32-0.3	1.64-0.3	1.97
FCF Margin	-5.7%-14.4pp	8.7%-101.0pp	109.7%+243.9pp	-134.2%-229.6pp	95.4%+16.0pp	79.4%-173.7pp	253.1%+394.8pp	-141.6%

Similar Companies

Timberland Bncp TSBK

$318.3M

Fidelity Dam FDBC

$262.6M

Primis Financial Corp FRST

$356.0M

Chemung Financia CHMG

$331.7M

Avidbank AVBH

$328.3M

Frequently Asked Questions

What is Waterstone Finl Inc Md's annual revenue?

Waterstone Finl Inc Md (WSBF) reported $116.1M in total revenue for fiscal year 2025. This represents a 2.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Waterstone Finl Inc Md's revenue growing?

Waterstone Finl Inc Md (WSBF) revenue grew by 2.6% year-over-year, from $113.2M to $116.1M in fiscal year 2025.

Is Waterstone Finl Inc Md profitable?

Yes, Waterstone Finl Inc Md (WSBF) reported a net income of $26.4M in fiscal year 2025, with a net profit margin of 22.7%.

How much debt does Waterstone Finl Inc Md have?

As of fiscal year 2025, Waterstone Finl Inc Md (WSBF) had $63.6M in cash and equivalents against $412.3M in long-term debt.

What is Waterstone Finl Inc Md's net profit margin?

Waterstone Finl Inc Md (WSBF) had a net profit margin of 22.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Waterstone Finl Inc Md pay dividends?

Yes, Waterstone Finl Inc Md (WSBF) paid $0.60 per share in dividends during fiscal year 2025.

What is Waterstone Finl Inc Md's return on equity (ROE)?

Waterstone Finl Inc Md (WSBF) has a return on equity of 7.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Waterstone Finl Inc Md's free cash flow?

Waterstone Finl Inc Md (WSBF) generated $23.0M in free cash flow during fiscal year 2025. This represents a -51.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Waterstone Finl Inc Md's operating cash flow?

Waterstone Finl Inc Md (WSBF) generated $24.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Waterstone Finl Inc Md's total assets?

Waterstone Finl Inc Md (WSBF) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Waterstone Finl Inc Md's capital expenditures?

Waterstone Finl Inc Md (WSBF) invested $1.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Waterstone Finl Inc Md buy back shares?

Yes, Waterstone Finl Inc Md (WSBF) spent $16.2M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Waterstone Finl Inc Md have outstanding?

Waterstone Finl Inc Md (WSBF) had 18M shares outstanding as of fiscal year 2025.

What is Waterstone Finl Inc Md's debt-to-equity ratio?

Waterstone Finl Inc Md (WSBF) had a debt-to-equity ratio of 1.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Waterstone Finl Inc Md's return on assets (ROA)?

Waterstone Finl Inc Md (WSBF) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Waterstone Finl Inc Md's Piotroski F-Score?

Waterstone Finl Inc Md (WSBF) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Waterstone Finl Inc Md's earnings high quality?

Waterstone Finl Inc Md (WSBF) has an earnings quality ratio of 0.92x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Waterstone Finl Inc Md?

Waterstone Finl Inc Md (WSBF) scores 36 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.