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Waterstone Financial WSBF Mortgage Banking — Noninterest Income

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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$374.64M+43.9%
P/E12.5×-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:NoninterestIncome.

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$15,830$164$16$16,010
Provision (credit) for credit losses248(12)-236
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

Item 1. Financial Statements

FAQ

What is Waterstone Financial's mortgage banking — noninterest income?
Waterstone Financial (WSBF) reported mortgage banking — noninterest income of $22.36M in Q2 2026.
How has Waterstone Financial's mortgage banking — noninterest income changed year-over-year?
Waterstone Financial's mortgage banking — noninterest income decreased by 1.2% year-over-year, from $22.64M to $22.36M.
What is the long-term trend for Waterstone Financial's mortgage banking — noninterest income?
Over 4 years (2021 to 2025), Waterstone Financial's mortgage banking — noninterest income has grown at a -20.3% compound annual growth rate (CAGR), from $197.57M to $79.53M.
What does mortgage banking — noninterest income mean?
This captures all revenue generated by the mortgage banking segment that is not derived from interest income, such as loan origination fees, servicing fees, and gains on the sale of mortgage loans. It is a primary driver of revenue for mortgage-focused business units, reflecting volume and market activity. Monitoring this helps assess the segment's ability to generate fee-based income independent of interest rate fluctuations.

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