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Waterstone Financial WSBF Mortgage Banking — Income Tax Expense Benefit

Other segment segments

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$1.54M+7.8%

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Other financials

Income statement

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Revenue$55.2M
Net income$6.0M+97.5%
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-$647.0K-102%
CapEx$991.0K+274%
Free cash flow-$1.6M-106%

Valuation

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Market cap$364.31M+41.9%
P/E12.4×-1.3×
P/S1.4×

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:IncomeTaxExpenseBenefit.

The official record: Waterstone Financial’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Waterstone Financial's mortgage banking — income tax expense benefit?
Waterstone Financial (WSBF) reported mortgage banking — income tax expense benefit of $10K in Q1 2026.
How has Waterstone Financial's mortgage banking — income tax expense benefit changed year-over-year?
Waterstone Financial's mortgage banking — income tax expense benefit increased by 101.7% year-over-year, from -$588K to $10K.
What is the long-term trend for Waterstone Financial's mortgage banking — income tax expense benefit?
Over 3 years (2021 to 2025), Waterstone Financial's mortgage banking — income tax expense benefit has grown at a -65.3% compound annual growth rate (CAGR), from $13.64M to $569K.
What does mortgage banking — income tax expense benefit mean?
This represents the provision for income taxes or the benefit derived from tax credits associated with the mortgage banking segment's operations. It reflects the tax burden or relief allocated to this specific business unit based on its taxable income.