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Waterstone Financial WSBF Mortgage Banking — Occupancy Net

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$942K+2.4%

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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:OccupancyNet.

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
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
Professional fees197103-300

Item 1. Financial Statements

FAQ

What is Waterstone Financial's mortgage banking — occupancy net?
Waterstone Financial (WSBF) reported mortgage banking — occupancy net of $628K in Q2 2026.
How has Waterstone Financial's mortgage banking — occupancy net changed year-over-year?
Waterstone Financial's mortgage banking — occupancy net decreased by 24.6% year-over-year, from $833K to $628K.
What is the long-term trend for Waterstone Financial's mortgage banking — occupancy net?
Over 4 years (2021 to 2025), Waterstone Financial's mortgage banking — occupancy net has grown at a -13.5% compound annual growth rate (CAGR), from $5.83M to $3.27M.
What does mortgage banking — occupancy net mean?
This represents the net costs associated with maintaining physical office space and facilities used by the mortgage banking segment. It includes rent, utilities, maintenance, and depreciation of leasehold improvements. Tracking this helps evaluate the fixed cost structure of the segment's physical footprint.

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