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Waterstone Financial WSBF Mortgage Banking — Professional Fees

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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:ProfessionalFees.

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 — professional fees?
Waterstone Financial (WSBF) reported mortgage banking — professional fees of $152K in Q1 2026.
How has Waterstone Financial's mortgage banking — professional fees changed year-over-year?
Waterstone Financial's mortgage banking — professional fees decreased by 88.9% year-over-year, from $1.37M to $152K.
What is the long-term trend for Waterstone Financial's mortgage banking — professional fees?
Over 3 years (2022 to 2025), Waterstone Financial's mortgage banking — professional fees has grown at a 13.9% compound annual growth rate (CAGR), from $1.28M to $1.89M.
What does mortgage banking — professional fees mean?
This includes payments for external services such as legal, consulting, auditing, and specialized third-party mortgage processing or compliance support. These fees are incurred to ensure the segment meets regulatory requirements and operates efficiently. Fluctuations in this metric often reflect changes in regulatory complexity or the use of outsourced operational support.