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Waterstone Financial WSBF Mortgage Banking — Labor And Related Expense

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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:LaborAndRelatedExpense.

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 itemCommunity / BankingMortgage / BankingHolding / Company and / OtherConsolidated
Net interest income after provision (credit) for credit losses15,5821761615,774
Noninterest income:2,02022,363(143)24,240
Noninterest expenses:
Compensation, payroll taxes, and other employee benefits5,61216,565(203)21,974
Occupancy, office furniture and equipment942628-1,570
Advertising251476-727
Data processing722557-1,279
Communications105121-226

Item 1. Financial Statements

FAQ

What is Waterstone Financial's mortgage banking — labor and related expense?
Waterstone Financial (WSBF) reported mortgage banking — labor and related expense of $16.57M in Q2 2026.
How has Waterstone Financial's mortgage banking — labor and related expense changed year-over-year?
Waterstone Financial's mortgage banking — labor and related expense increased by 1.6% year-over-year, from $16.31M to $16.57M.
What is the long-term trend for Waterstone Financial's mortgage banking — labor and related expense?
Over 4 years (2021 to 2025), Waterstone Financial's mortgage banking — labor and related expense has grown at a -15.2% compound annual growth rate (CAGR), from $115.28M to $59.57M.
What does mortgage banking — labor and related expense mean?
This includes all compensation, benefits, and payroll-related costs for employees dedicated to the mortgage banking segment. It is typically the largest operating expense for mortgage operations, reflecting the headcount required to originate, process, and service loans. Changes in this metric often correlate with mortgage market volume and staffing adjustments.

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