Waterstone Financial delays Q3 report, sees $6.2M profit

Nine-month net income is expected at $20.6 million, compared with $18.7 million for the same period in 2025.

Available on EDGAR 11/09/2026 - 04:01 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:00 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Waterstone Financial, Inc. (WSBF) said it could not file its Form 10-Q for the quarter ended September 30, 2026 by the November 9, 2026 due date because it needed additional time to complete pre-filing procedures. It anticipates filing no later than the fifth calendar day after the due date. It expects third-quarter net income of $6.2 million, compared with $7.9 million in 2025, and nine-month net income of $20.6 million, compared with $18.7 million. For the quarter, lower noninterest income and higher provisions for credit losses were partly offset by higher net interest income; for the nine-month period, higher net interest income was partly offset by higher noninterest expenses and provisions for credit losses.

1 point · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Nine-month net income is expected at $20.6 million, versus $18.7 million in 2025.

Negative

• Moderate point. Forward-looking: it has not happened yet and may not happen.Third-quarter net income is expected at $6.2 million, versus $7.9 million in 2025.

Key Figures

Expected net income: $6.2 million Net income: $7.9 million Expected net income: $20.6 million +3 more

6 metrics

Expected net income $6.2 million Three months ended September 30, 2026

Net income $7.9 million Three months ended September 30, 2025

Expected net income $20.6 million Nine months ended September 30, 2026

Net income $18.7 million Nine months ended September 30, 2025

Prescribed filing due date November 9, 2026 Form 10-Q

Anticipated filing deadline 5th calendar day following the prescribed due date Form 10-Q

Key Terms

noninterest income, provision for credit losses, net interest income

3 terms

noninterest income financial

"a decrease in noninterest income"

Noninterest income is the money a bank or financial firm earns from activities other than charging interest on loans, such as account fees, transaction charges, advisory and underwriting fees, trading gains, and service income — like a store making extra money from repairs, warranties or delivery charges rather than product sales. It matters to investors because it shows how diversified a company’s revenue is and whether it can withstand changes in interest rates; a strong noninterest income stream can stabilize profits but may also be more variable than steady loan interest.

provision for credit losses financial

"an increase in provision for credit losses"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

net interest income financial

"an increase in net interest income"

Net interest income is the difference between the interest a financial institution earns on loans and investments and the interest it pays on deposits and borrowings. It matters to investors because it is a primary source of profit for banks and similar firms — like the gross margin on a store’s trade — and changes with loan growth, deposit costs and interest rates, so it signals core earning power and sensitivity to rate moves.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What net income does WSBF expect to report for the third quarter and first nine months of 2026?

WSBF expects net income of $6.2 million for the three months ended September 30, 2026, compared with $7.9 million for the same period in 2025. For the nine months ended September 30, 2026, it expects net income of $20.6 million, compared with $18.7 million in 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

☐ Form 10-K ☑ Form 10-Q ☐ Form 20-F ☐ Form 10-D ☐ Form 11-K ☐ Form N-CEN ☐ Form N-CSR

For Period Ended: September 30, 2026

☐ Transition Report on Form 10-K

☐ Transition Report on Form 20-F

☐ Transition Report on Form 11-K

☐ Transition Report on Form 10-Q

For the Transition Period Ended:     

Nothing in this Form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A

PART I — REGISTRANT INFORMATION

Waterstone Financial, Inc.

Full Name of Registrant

N/A

Former Name if Applicable

11200 West Plank Ct.

Address of Principal Executive Office (Street and Number)

Wauwatosa, WI 53226

City, State and Zip Code

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

☑ (a)The reason described in reasonable detail in Part III of this Form could not be eliminated without unreasonable effort or expense; (b)The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and (c)The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) by the prescribed filing due date of November 9, 2026. The Registrant’s delay in filing the Form 10-Q is due primarily to additional time needed by the Registrant to allow it to complete pre-filing procedures.  The Registrant anticipates filing the Form 10-Q no later than the 5^th calendar day following the prescribed due date, as permitted by Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

PART IV — OTHER INFORMATION

(1)Name and telephone number of person to contact in regard to this notification

Mark R. Gerke

(414)

761-1000

(Name)

(Area Code)

(Telephone Number)

(2)Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

☑ Yes ☐ No

(3)Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ☑ Yes ☐ No

If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

The Registrant expects to report net income of $6.2 million and $20.6 million for the three and nine months ended September 30, 2026, compared to net income of $7.9 million and $18.7 million for the three and nine months ended September 30, 2025. For the three-month periods, a decrease in noninterest income and an increase in provision for credit losses were partially offset by an increase in net interest income. For the nine-month periods, an increase in net interest income was partially offset by increases in noninterest expenses and provision for credit losses.

Waterstone Financial, Inc.

(Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date:			November 9, 2026			By:			/s/ Mark R. Gerke
						Name:			Mark R. Gerke
						Title:			Chief Financial Officer

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