Waterstone Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	104.75	103.07	90.15	62.94	64.37
Interest Income on Investments	11.36	10.1	9.06	7.31	5.52
Total Interest Income	116.11	113.17	99.21	70.25	69.88
Interest Paid on Deposits	43.52	40.57	25.74	4.86	4.42
Interest Paid on Borrowings	15.86	26.43	23.26	8.43	9.95
Total Interest Expense	59.37	67	48.99	13.29	14.37
Net Interest Income	56.73	46.17	50.22	56.95	55.52
Net Interest Income Growth (YoY)	22.89%	-8.06%	-11.83%	2.59%	3.77%
Mortgage Banking Activities	79.23	83.57	75.69	99.56	191.04
Gain (Loss) on Sale of Assets	-	0.15	0.58	-	4.03
Other Non-Interest Income	5.96	5.59	4.92	6	8.13
Total Non-Interest Income	85.19	89.3	81.19	105.56	203.2
Non-Interest Income Growth (YoY)	-4.61%	10.00%	-23.09%	-48.05%	-16.73%
Revenues Before Loan Losses	141.92	135.47	131.4	162.51	258.71
Provision for Loan Losses	-1.39	-0.17	0.66	0.97	-3.99
Revenue	143.32	135.64	130.74	161.54	262.7
Revenue Growth (YoY)	5.66%	3.74%	-19.06%	-38.51%	-9.78%
Salaries and Employee Benefits	79.62	79.34	82.36	97.09	132.24
Occupancy Expenses	7.19	7.57	8.32	8.71	9.61
Selling, General & Administrative	11.63	14.37	13.84	13.92	12.94
Other Non-Interest Expense	11.74	10.32	15.18	17.32	15.8
Total Non-Interest Expense	109.87	111.64	119.71	137.06	170.59
EBT Excluding Unusual Items	33.45	24	11.03	24.48	92.11
Pretax Income	33.45	24	11.03	24.48	92.11
Income Tax Expense	7.04	5.31	1.66	4.99	21.32
Net Income	26.4	18.69	9.38	19.49	70.79
Net Income to Common	26.4	18.69	9.38	19.49	70.79
Net Income Growth	41.28%	99.34%	-51.89%	-72.47%	-12.76%
Basic Shares Outstanding	18	19	20	22	24
Diluted Shares Outstanding	18	19	20	22	24
Shares Change (YoY)	-3.88%	-7.96%	-8.24%	-8.03%	-2.75%
EPS (Basic)	1.48	1.01	0.47	0.89	2.98
EPS (Diluted)	1.48	1.01	0.46	0.89	2.96
EPS Growth	46.96%	118.94%	-48.32%	-69.93%	-10.30%
Dividend Per Share	0.600	0.600	0.700	0.800	0.800
Dividend Growth	-	-14.29%	-12.50%	-	42.86%
Effective Tax Rate	21.06%	22.14%	15.02%	20.39%	23.14%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.