What is Waterstone Financial, Inc.'s earnings per share (EPS)?

Waterstone Financial, Inc. (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 Financial, Inc. (WSBF) Financials

WSBF

Trailing 12 months to June 30, 2026

Revenue $150.2M +12.4% YoY

Net Income $30.1M +45.4% YoY

EPS (Diluted) $1.72 +49.6% YoY

Free Cash Flow $42.8M -49.6% YoY

Market Cap $355.8M as of Oct 13, 2026

Price / Sales 2.4x on $150.2M revenue, trailing 12 months to June 30, 2026

Price / Earnings 11.8x on $30.1M net income, trailing 12 months to June 30, 2026

Price / Book 1.0x on $351.1M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 6, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the WSBF SEC filings page.

Waterstone Financial, Inc. (WSBF) reported $150.2M in revenue over the twelve months to Jun 30, 2026, up 12.4% from the prior twelve months. This page shows its 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 2026-10-04

Waterstone’s earnings recovery has not produced consistent cash generation, while its balance sheet remains heavily liability-funded.

In FY2023, operating cash flow was -$27.6M despite net income of $9.4M, revealing a severe mismatch between accounting earnings and cash. By FY2025, the two measures were $24.2M and $26.4M, so cash conversion recovered, but its wide swing shows earnings do not translate into cash consistently.

FY2025 liabilities were $1.91B against $349M of equity, making the balance sheet structurally liability-funded. The 1.2% ROA versus 7.6% ROE gap indicates that leverage magnifies returns measured on the smaller equity base.

Revenue edged from $131M in FY2023 to $142M in FY2025, so scale alone does not explain the earnings improvement. Net margin expanded from 7.1% to 18.6%, indicating a substantial change in earnings conversion rather than merely more business volume.

Financial Health Signals

Financial Health Score 47/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Waterstone Financial, Inc.'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.

Earnings

Waterstone Financial, Inc. earned a return on assets of 1.2% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 0.9% the prior year. Earnings ranks banks on that return over three years, and Waterstone Financial, Inc. scores 55/100 among other banks.

Growth

Waterstone Financial, Inc. reported revenue of $141.9M in fiscal year 2025, against $135.5M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Waterstone Financial, Inc. scores 31/100 among other banks.

Capital

Waterstone Financial, Inc. funded 15.5% of its assets with shareholders' equity at the end of fiscal year 2025, holding $349.4M of equity against $2.3B of assets. Capital ranks banks on that cushion, and Waterstone Financial, Inc. scores 80/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Waterstone Financial, Inc. scores 14/100 on it among other banks.

Credit Quality

Credit Quality measures the money a bank set aside for loans it expects to go bad, against the size of the loan book it set that money aside for. Waterstone Financial, Inc. scores 78/100 on it among other banks.

Stability

Waterstone Financial, Inc. reported net income of $26.4M in fiscal year 2025, against $18.7M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Waterstone Financial, Inc. scores 25/100 among other banks.

Piotroski F-Score Partial

6/7

Waterstone Financial, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 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 Financial, Inc. 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

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Earnings & Revenue

Revenue

$40.3M

YoY+5.8%

QoQ+12.8%

5Y CAGR-9.5%

10Y CAGR-1.4%

Waterstone Financial, Inc. generated $40.3M in revenue in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 12.8%.

Net Income

$8.5M

YoY+9.5%

QoQ+41.1%

5Y CAGR-13.9%

10Y CAGR+0.9%

Waterstone Financial, Inc. reported $8.5M in net income in Q2 2026. This represents an increase of 9.5% from the same quarter a year earlier. Against the prior quarter it is up 41.1%.

EPS (Diluted)

$0.49

YoY+14.0%

QoQ+44.1%

5Y CAGR-7.9%

10Y CAGR+5.4%

Waterstone Financial, Inc. earned $0.49 per diluted share (EPS) in Q2 2026. This represents an increase of 14.0% from the same quarter a year earlier. Against the prior quarter it is up 44.1%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$9.4M

YoY+124.3%

QoQ+671.9%

5Y CAGR-11.4%

Waterstone Financial, Inc. generated $9.4M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 124.3% from the same quarter a year earlier. Against the prior quarter it is up 671.9%.

Cash & Debt

$32.7M

YoY-48.2%

QoQ-15.5%

5Y CAGR-32.2%

10Y CAGR-8.8%

Waterstone Financial, Inc. held $32.7M in cash against $412.0M in long-term debt as of Q2 2026.

Dividends Per Share

$0.17

YoY+13.3%

QoQ0.0%

5Y CAGR-24.7%

Waterstone Financial, Inc. paid $0.17 per share in dividends in Q2 2026. This represents an increase of 13.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

18M

YoY-3.8%

QoQ-0.4%

5Y CAGR-6.5%

10Y CAGR-4.7%

Waterstone Financial, Inc. had 18M shares outstanding in Q2 2026. This represents a decrease of 3.8% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

Margins & Returns

Net Margin

21.0%

YoY+0.7pp

QoQ+4.2pp

5Y change-6.0pp

10Y change+4.3pp

Waterstone Financial, Inc.'s net profit margin was 21.0% in Q2 2026, showing the share of revenue converted to profit. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.2 percentage points.

Return on Equity

2.4%

YoY+0.2pp

QoQ+0.7pp

5Y change-1.7pp

10Y change+0.5pp

Waterstone Financial, Inc.'s ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$3.7M

YoY-43.3%

QoQ-16.2%

5Y CAGR+26.2%

10Y CAGR+36.1%

Waterstone Financial, Inc. spent $3.7M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 43.3% from the same quarter a year earlier. Against the prior quarter it is down 16.2%.

Capital Expenditures

$136K

YoY+130.5%

QoQ-86.3%

5Y CAGR-18.0%

10Y CAGR-4.0%

Waterstone Financial, Inc. invested $136K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 130.5% from the same quarter a year earlier. Against the prior quarter it is down 86.3%.

R&D Spending

Not reported for Q2 2026.

WSBF Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSBF quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$150.2M	$141.9M+4.8%	$135.5M+3.1%	$131.4M-19.1%	$162.5M-37.2%	$258.7M-13.0%	$297.5M+62.6%	$182.9M+6.1%	$172.4M-1.6%	$175.1M+3.1%	$169.8M+18.5%	$143.3M+13.9%	$125.9M-0.9%	$127.0M-4.6%	$133.1M+48.4%	$89.7M
SG&A Expenses	$83.3M	$79.6M-1.8%	$81.1M-3.6%	$84.1M-15.5%	$99.6M-26.3%	$135.1M-2.8%	$139.0M+36.7%	$101.7M+4.0%	$97.8M+0.7%	$97.1M+2.1%	$95.1M+16.3%	$81.8M+18.2%	$69.2M+0.5%	$68.8M+8.3%	$63.5M+62.2%	$39.2M
Interest Expense	$56.3M	$59.4M-11.4%	$67.0M+36.8%	$49.0M+268.6%	$13.3M-7.5%	$14.4M-42.5%	$25.0M-9.3%	$27.5M+41.1%	$19.5M+19.3%	$16.4M-19.4%	$20.3M-12.2%	$23.1M+3.5%	$22.3M-5.6%	$23.7M-15.2%	$27.9M-15.0%	$32.8M
Income Tax	$8.0M	$7.0M+32.5%	$5.3M+220.7%	$1.7M-66.8%	$5.0M-76.6%	$21.3M-21.0%	$27.0M+131.1%	$11.7M+22.5%	$9.5M-48.4%	$18.5M+12.2%	$16.5M+78.0%	$9.2M+28.9%	$7.2M-16.8%	$8.6M+170.6%	-$12.2M-2271.5%	$562K
Net Income	$30.1M	$26.4M+41.3%	$18.7M+99.3%	$9.4M-51.9%	$19.5M-72.5%	$70.8M-12.8%	$81.1M+126.0%	$35.9M+16.7%	$30.8M+18.4%	$26.0M+1.7%	$25.5M+54.1%	$16.6M+30.1%	$12.7M-13.4%	$14.7M-57.9%	$34.9M+567.2%	-$7.5M
EPS (Basic)	N/A	$1.48+46.5%	$1.01+114.9%	$0.47-47.2%	$0.89-70.1%	$2.98-10.2%	$3.32+140.6%	$1.38+23.2%	$1.12+17.9%	$0.95+1.1%	$0.94+64.9%	$0.57+50.0%	$0.38-11.6%	$0.43-57.8%	$1.02+563.6%	-$0.22
EPS (Diluted)	$1.72	$1.48+46.5%	$1.01+119.6%	$0.46-48.3%	$0.89-69.9%	$2.96-10.3%	$3.30+140.9%	$1.37+23.4%	$1.11+19.4%	$0.930.0%	$0.93+66.1%	$0.56+47.4%	$0.38-11.6%	$0.43-57.8%	$1.02+563.6%	-$0.22
Diluted Shares (Avg)	N/A	18M-3.9%	19M-8.0%	20M-8.2%	22M-8.0%	24M-2.7%	25M-6.2%	26M-5.0%	28M-0.9%	28M+1.9%	27M-7.0%	29M-12.5%	34M-2.3%	34M+0.7%	34M+0.8%	34M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$40.3M+5.8%	$35.7M+20.3%	$37.2M+16.7%	$37.0M+8.7%	$38.0M+2.3%	$29.7M-8.4%	$31.8M+11.2%	$34.1M-0.4%
SG&A Expenses	$22.0M+4.0%	$19.8M+16.4%	$20.9M+13.5%	$20.5M-2.3%	$21.1M-2.9%	$17.0M-14.2%	$18.4M-8.2%	$21.0M-2.6%
Interest Expense	$13.6M-9.4%	$13.6M-10.7%	$14.4M-11.2%	$14.8M-16.2%	$15.0M-13.6%	$15.2M-3.7%	$16.2M+8.6%	$17.7M+22.8%
Income Tax	$2.2M+11.9%	$1.6M+84.0%	$2.3M+134.7%	$1.9M+65.6%	$1.9M+35.8%	$845K-51.2%	$996K+279.5%	$1.2M+131.6%
Net Income	$8.5M+9.5%	$6.0M+97.5%	$7.7M+48.0%	$7.9M+67.6%	$7.7M+35.3%	$3.0M-0.1%	$5.2M+13125.0%	$4.7M+45.3%
EPS (Basic)	$0.49+14.0%	$0.35+105.9%	$0.44+51.7%	$0.45+73.1%	$0.43+38.7%	$0.17+6.3%	$0.29+2800.0%	$0.26+62.5%
EPS (Diluted)	$0.49+14.0%	$0.34+100.0%	$0.44+51.7%	$0.45+73.1%	$0.43+38.7%	$0.17+6.3%	$0.29	$0.26+62.5%
Diluted Shares (Avg)	17M-4.6%	17M-4.6%	N/A	18M-4.2%	18M-3.0%	18M-4.0%	N/A	18M-7.9%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

WSBF Balance Sheet

WSBF quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.3B+2.3%	$2.2B-0.2%	$2.2B+8.9%	$2.0B-8.3%	$2.2B+1.4%	$2.2B+9.4%	$2.0B+4.2%	$1.9B+6.0%	$1.8B+0.9%	$1.8B+1.6%	$1.8B-1.2%	$1.8B-8.4%	$1.9B+17.2%	$1.7B-3.0%	$1.7B
Cash & Equivalents	$63.6M+80.7%	$35.2M+14.7%	$30.7M-9.0%	$33.7M-91.1%	$376.7M+297.5%	$94.8M+27.5%	$74.3M-13.7%	$86.1M+77.1%	$48.6M+2.9%	$47.2M-53.0%	$100.5M-41.9%	$172.8M-59.7%	$429.2M+500.5%	$71.5M-11.1%	$80.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.9B+2.1%	$1.9B+0.1%	$1.9B+12.5%	$1.7B-6.8%	$1.8B+0.7%	$1.8B+10.5%	$1.6B+5.7%	$1.5B+8.7%	$1.4B+1.0%	$1.4B+0.7%	$1.4B+2.8%	$1.3B-23.1%	$1.7B+18.8%	$1.5B-5.7%	$1.5B
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+5.1%	$483.6M+11.2%	$435.0M+12.6%	$386.3M-0.2%	$387.2M-12.3%	$441.2M+1.7%	$434.0M0.0%	$434.0M0.0%	$434.0M	N/A
Total Equity	$349.4M+3.0%	$339.1M-1.4%	$344.1M-7.1%	$370.5M-14.4%	$432.8M+4.8%	$413.1M+4.9%	$393.7M-1.5%	$399.7M-3.0%	$412.1M+0.3%	$410.7M+4.8%	$391.9M-13.0%	$450.2M+109.9%	$214.5M+5.8%	$202.6M+21.8%	$166.4M
Retained Earnings	$293.0M+5.7%	$277.2M+2.8%	$269.6M-1.7%	$274.2M+0.3%	$273.4M+11.5%	$245.3M+24.3%	$197.4M+5.5%	$187.2M+2.1%	$183.4M-0.7%	$184.6M+9.8%	$168.1M+6.9%	$157.3M+4.0%	$151.2M+10.8%	$136.5M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$2.3B-0.2%	$2.3B+3.5%	$2.3B+2.3%	$2.3B+1.1%	$2.3B-1.4%	$2.2B-2.7%	$2.2B-0.2%	$2.2B+1.0%
Cash & Equivalents	$32.7M-48.2%	$38.8M+3.5%	$63.6M+80.7%	$50.1M+40.0%	$63.2M+74.6%	$37.5M-9.4%	$35.2M+14.7%	$35.8M-35.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$1.9B-0.7%	$1.9B+3.8%	$1.9B+2.1%	$1.9B+1.1%	$1.9B-2.0%	$1.8B-3.3%	$1.9B+0.1%	$1.9B+1.5%
Long-Term Debt	$412.0M-11.5%	$413.0M+4.3%	$412.3M-7.7%	$469.1M-16.3%	$465.7M-29.5%	$395.9M-37.6%	$446.5M-26.9%	$560.1M-4.7%
Total Equity	$351.1M+2.8%	$348.2M+2.0%	$349.4M+3.0%	$345.5M+1.0%	$341.5M+2.0%	$341.4M+1.0%	$339.1M-1.4%	$342.0M-1.2%
Retained Earnings	$301.6M+6.7%	$296.0M+6.7%	$293.0M+5.7%	$287.9M+4.8%	$282.6M+3.6%	$277.5M+2.9%	$277.2M+2.8%	$274.7M+0.8%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities.

WSBF Cash Flow Statement

WSBF quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$44.7M	$24.2M-49.7%	$48.1M+274.3%	-$27.6M-113.3%	$206.7M+45.5%	$142.0M+251.7%	-$93.6M-132.7%	-$40.2M-196.9%	$41.5M-61.2%	$107.1M+545.1%	-$24.1M-85.2%	-$13.0M-486.2%	-$2.2M-104.2%	$52.3M+742.5%	-$8.1M-123.2%	$35.1M
Depreciation & Amortization	N/A	$2.5M+3.0%	$2.5M-25.1%	$3.3M-18.2%	$4.0M-33.3%	$6.0M+7.8%	$5.6M+19.4%	$4.7M-0.6%	$4.7M+130.6%	$2.0M-21.6%	$2.6M-15.8%	$3.1M-5.4%	$3.3M+20.8%	$2.7M+30.6%	$2.1M+13.0%	$1.8M
Stock-Based Compensation	N/A	$297K-6.0%	$316K+14.1%	$277K-52.5%	$583K-21.7%	$745K+4.1%	$716K-32.9%	$1.1M-39.4%	$1.8M-7.5%	$1.9M-0.6%	$1.9M-32.1%	$2.8M+2484.4%	$109K-13.5%	$126K-13.1%	$145K-90.9%	$1.6M
Capital Expenditures	$2.0M	$1.2M+6.0%	$1.1M+57.0%	$700K-0.1%	$701K-9.9%	$778K-36.5%	$1.2M-60.7%	$3.1M-21.4%	$4.0M+151.2%	$1.6M+45.3%	$1.1M-63.4%	$3.0M+52.2%	$1.9M-63.6%	$5.4M+220.2%	$1.7M+64.0%	$1.0M
Free Cash Flow	$42.8M	$23.0M-51.0%	$47.0M+266.1%	-$28.3M-113.7%	$206.0M+45.8%	$141.2M+249.0%	-$94.8M-118.8%	-$43.3M-215.4%	$37.5M-64.4%	$105.5M+519.6%	-$25.1M-57.6%	-$16.0M-283.1%	-$4.2M-108.9%	$46.9M+578.3%	-$9.8M-128.8%	$34.1M
Investing Cash Flow	-$33.7M	-$8.7M+63.5%	-$24.0M+85.0%	-$159.2M+52.6%	-$335.7M-309.8%	$160.1M+330.4%	$37.2M+3328.4%	-$1.2M+98.5%	-$78.4M+17.3%	-$94.9M-279.0%	-$25.0M-55.2%	-$16.1M+78.6%	-$75.2M-412.6%	$24.1M-73.7%	$91.5M+48.9%	$61.5M
Financing Cash Flow	-$43.8M	$15.9M+176.6%	-$20.8M-111.8%	$176.6M+187.8%	-$201.0M-899.2%	-$20.1M-126.2%	$76.9M+159.9%	$29.6M-60.3%	$74.4M+787.2%	-$10.8M-160.2%	-$4.2M+90.4%	-$43.2M+75.8%	-$178.9M-163.6%	$281.3M+404.8%	-$92.3M-0.9%	-$91.5M
Dividends Paid	$10.8M	$10.8M-4.4%	$11.3M-26.7%	$15.4M-49.2%	$30.3M-0.4%	$30.4M-3.6%	$31.5M+21.4%	$26.0M-4.0%	$27.1M+0.4%	$27.0M+289.6%	$6.9M+17.9%	$5.9M	N/A	N/A	N/A	N/A
Share Buybacks	$14.6M	$16.2M+8.7%	$14.9M-42.7%	$26.0M-45.6%	$47.8M+370.0%	$10.2M-71.9%	$36.2M+59.2%	$22.8M+18.6%	$19.2M+776.5%	$2.2M-43.2%	$3.9M-94.7%	$72.7M	$0	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$9.5M+124.7%	-$647K-102.4%	$3.2M-86.5%	$32.7M-55.8%	-$38.4M+2.7%	$26.7M+369.1%	$23.4M+2445.3%	$74.1M+53.0%
Depreciation & Amortization	$799K+42.7%	$917K+29.0%	$687K+15.9%	$591K-22.4%	$560K-11.5%	$711K+46.3%	$593K-42.6%	$762K+6.6%
Stock-Based Compensation	N/A	$147K+79.3%	N/A	N/A	N/A	$82K+1266.7%	N/A	N/A
Capital Expenditures	$136K+130.5%	$991K+274.0%	$546K+54.2%	$295K+52.1%	$59K-63.4%	$265K-32.1%	$354K-15.1%	$194K+52.8%
Free Cash Flow	$9.4M+124.3%	-$1.6M-106.2%	$2.6M-88.6%	$32.4M-56.1%	-$38.5M+3.0%	$26.5M+356.4%	$23.1M+1729.7%	$73.9M+53.0%
Investing Cash Flow	$1.5M+122.8%	-$15.9M-194.6%	$36.9M+404.5%	-$56.0M-228.8%	-$6.4M+54.4%	$16.9M+11645.9%	$7.3M+150.6%	-$17.0M+52.1%
Financing Cash Flow	-$17.4M-124.0%	-$9.9M+75.4%	-$22.7M+29.9%	$6.2M+110.8%	$72.5M+47.4%	-$40.1M-306.8%	-$32.4M-210.3%	-$57.0M-384.9%
Dividends Paid	$2.9M+7.5%	$2.6M-3.8%	$2.6M-4.5%	$2.6M-4.4%	$2.7M-3.3%	$2.7M-7.0%	$2.8M-6.6%	$2.8M-6.4%
Share Buybacks	$3.7M-43.3%	$4.4M+38.5%	$2.7M-2.7%	$3.8M+282.2%	$6.5M+12.5%	$3.2M-40.6%	$2.8M-54.8%	$999K-85.0%

WSBF Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

WSBF quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	18.6%+4.8pp	13.8%+6.7pp	7.1%-4.9pp	12.0%-15.4pp	27.4%+0.1pp	27.3%+7.6pp	19.6%+1.8pp	17.8%+3.0pp	14.8%-0.2pp	15.0%+3.5pp	11.6%+1.4pp	10.1%-1.5pp	11.6%-14.6pp	26.2%+34.5pp	-8.3%
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%+10.5pp	9.1%+1.4pp	7.7%+1.4pp	6.3%+0.1pp	6.2%+2.0pp	4.2%+1.4pp	2.8%-4.0pp	6.9%-10.4pp	17.2%+21.7pp	-4.5%
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%+1.9pp	1.8%+0.2pp	1.6%+0.2pp	1.4%0.0pp	1.4%+0.5pp	0.9%+0.2pp	0.7%0.0pp	0.8%-1.3pp	2.1%+2.5pp	-0.4%
Debt-to-Equity	1.18-0.1x	1.32-0.5x	1.78+0.7x	1.04-0.1x	1.10-0.1x	1.230.0x	1.23+0.1x	1.09+0.2x	0.940.0x	0.94-0.2x	1.13+0.2x	0.96-1.1x	2.02-0.1x	2.14-7.2x	9.30
Asset Turnover	0.060.0x	0.060.0x	0.060.0x	0.080.0x	0.120.0x	0.140.0x	0.090.0x	0.090.0x	0.100.0x	0.090.0x	0.080.0x	0.070.0x	0.070.0x	0.080.0x	0.05
FCF Margin	16.2%-18.4pp	34.7%+56.2pp	-21.5%	126.7%	54.6%+86.5pp	-31.9%-8.2pp	-23.7%-45.5pp	21.8%-38.5pp	60.3%+75.1pp	-14.8%-3.7pp	-11.1%-7.8pp	-3.3%-40.3pp	37.0%+44.3pp	-7.4%-45.3pp	38.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Net Margin	21.0%+0.7pp	16.8%+6.6pp	20.8%+4.4pp	21.4%+7.5pp	20.3%+5.0pp	10.2%+0.9pp	16.4%+16.5pp	13.9%+4.4pp
Return on Equity	2.4%+0.2pp	1.7%+0.8pp	2.2%+0.7pp	2.3%+0.9pp	2.3%+0.5pp	0.9%0.0pp	1.5%+1.6pp	1.4%+0.4pp
Return on Assets	0.4%0.0pp	0.3%+0.1pp	0.3%+0.1pp	0.4%+0.1pp	0.3%+0.1pp	0.1%0.0pp	0.2%+0.2pp	0.2%+0.1pp
Debt-to-Equity	1.17-0.2x	1.190.0x	1.18-0.1x	1.36-0.3x	1.36-0.6x	1.16-0.7x	1.32-0.5x	1.64-0.1x
Asset Turnover	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.020.0x	0.010.0x	0.010.0x	0.020.0x
FCF Margin	23.3%	-4.6%-93.8pp	7.1%-65.4pp	87.5%	-101.2%	89.2%+121.1pp	72.5%+77.4pp	253.1%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Waterstone Financial, Inc. WSBF	FY2025	$141.9M	$26.4M	18.6%	$355.8M	47/100
Timberland Bancorp Inc TSBK	FY2025	$82.6M	$29.2M	35.3%	$352.0M	58/100
Fidelity D & D Bancorp, Inc. FDBC	FY2025	$93.2M	$28.2M	30.3%	$326.1M	40/100
Primis Financial Corp. FRST	FY2025	$223.8M	$61K	0.0%	$380.7M	28/100
Chemung Financial Corp CHMG	FY2025	$95.1M	$15.1M	15.9%	$390.1M	26/100
Avidbank Holdings, Inc. AVBH	FY2025	$30.9M	-$19.6M	-63.2%	$342.7M	18/100

Where Waterstone Financial, Inc. Ranks

Frequently Asked Questions

What is Waterstone Financial, Inc.'s annual revenue?

Waterstone Financial, Inc. (WSBF) reported $141.9M in total revenue for fiscal year 2025. This represents a 4.8% 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 Financial, Inc.'s revenue growing?

Waterstone Financial, Inc. (WSBF) revenue grew by 4.8% year-over-year, from $135.5M to $141.9M in fiscal year 2025.

Is Waterstone Financial, Inc. profitable?

Yes, Waterstone Financial, Inc. (WSBF) reported a net income of $26.4M in fiscal year 2025, with a net profit margin of 18.6%.

How much debt does Waterstone Financial, Inc. have?

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

What is Waterstone Financial, Inc.'s net profit margin?

Waterstone Financial, Inc. (WSBF) had a net profit margin of 18.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Waterstone Financial, Inc. pay dividends?

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

What is Waterstone Financial, Inc.'s return on equity (ROE)?

Waterstone Financial, Inc. (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 Financial, Inc.'s free cash flow?

Waterstone Financial, Inc. (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 Financial, Inc.'s operating cash flow?

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

What are Waterstone Financial, Inc.'s total assets?

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

What are Waterstone Financial, Inc.'s capital expenditures?

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

Does Waterstone Financial, Inc. buy back shares?

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

How many shares does Waterstone Financial, Inc. have outstanding?

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

What is Waterstone Financial, Inc.'s debt-to-equity ratio?

Waterstone Financial, Inc. (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 Financial, Inc.'s return on assets (ROA)?

Waterstone Financial, Inc. (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 Financial, Inc.'s P/E ratio?

Waterstone Financial, Inc. (WSBF) trades at 11.8x earnings, its market capitalization divided by net income of $30.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $355.8M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Waterstone Financial, Inc.'s price-to-sales ratio?

Waterstone Financial, Inc. (WSBF) trades at 2.4x sales, its market capitalization divided by revenue of $150.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $355.8M as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Waterstone Financial, Inc.'s Piotroski F-Score?

Waterstone Financial, Inc. (WSBF) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Financial, Inc.'s earnings high quality?

Waterstone Financial, Inc. (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 Financial, Inc.?

Waterstone Financial, Inc. (WSBF) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.