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Waterstone Financial WSBF Provision for Credit Losses

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Segments

By segment

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Community Banking$248K+1,405%
Mortgage Banking-$12K-220%

Other financials

Income statement

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Revenue$55.2M
Net income$8.5M+9.5%
EPS (diluted)$0.53

Balance sheet

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Cash & equivalents$343.0M
Total debt$483.4M
Total equity$432.8M
Total assets$2.2B

Cash flow

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Operating cash flow$9.5M+125%
CapEx$136.0K+131%
Free cash flow$9.4M+124%

Valuation

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Market cap$369.79M+43.9%
P/E12.3×-0.1×

Profitability

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Net margin27.4%
FCF margin54.6%

Returns & leverage

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Return on equity16.7%
Debt / equity1.1×

Where this comes from

Reported directly by Waterstone Financial in its filing.

Tagged under the XBRL concept us-gaap:ProvisionForLoanLeaseAndOtherLosses.

The source filing: Waterstone Financial’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026246
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Borrowings3,5414,0106,7207,857
Total interest expense13,57614,97727,12830,156
Net interest income16,01013,70831,47326,284
Provision (credit) for credit losses236(9)500(567)
Net interest income after provision (credit) for credit losses15,77413,71730,97326,851
Noninterest income:
Service charges on loans and deposits4634138371,006
Increase in cash surrender value of life insurance1,1351,0141,6841,495

Item 1. Financial Statements

FAQ

What is Waterstone Financial's provision for credit losses?
Waterstone Financial (WSBF) reported provision for credit losses of $236K in Q2 2026.
How has Waterstone Financial's provision for credit losses changed year-over-year?
Waterstone Financial's provision for credit losses increased by 2722.2% year-over-year, from -$9K to $236K.
What is the long-term trend for Waterstone Financial's provision for credit losses?
Over 2 years (2021 to 2025), Waterstone Financial's provision for credit losses has grown at a -30.7% compound annual growth rate (CAGR), from -$2.91M to -$1.39M.
What does provision for credit losses mean?
Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.

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