沃特财务 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549 Form 10-Q ☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026 OR ☐Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-36271 WATERSTONE FINANCIAL, INC.(Exact name of registrant as specified in its charter) (414) 761-1000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was requiredto submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Accelerated filer☒Non-acceleratedfiler☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The number of shares outstanding of the issuer’s common stock, $0.01 par value per share, was 18,053,082at April 30, 2026. WATERSTONE FINANCIAL, INC. 10-Q INDEX PART I. FINANCIAL INFORMATION Consolidated Statements of Financial Condition as of March 31, 2026(unaudited) and December 31, 2025Consolidated Statements of Income for the three months ended March 31, 2026 and 2025 (unaudited)Consolidated Statements of Comprehensive Income for the three months ended March 31, 2026 and 2025 (unaudited)Consolidated Statements of Changes in Shareholders’Equity for the three months ended March 31, 2026 and 2025(unaudited)Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025 (unaudited)Notes to Consolidated Financial Statements (unaudited) Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures about Market RiskItem 4. Controls and Procedures 33-474849 PART II. OTHER INFORMATION Item 1. Legal Proceedings49Item 1A. Risk Factors49Item 2. UnregisteredSales ofEquity Securities, Use of Proceeds, and Issuer Purchases ofEquity Securities50Item 3. Defaults Upon Senior Securities50Item 4. Mine Safety Disclosures50Item 5. Other Information51Item 6. Exhibits51Signatures51 PART I—FINANCIAL INFORMATION WATERSTONE FINANCIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF FINANCIAL CONDITION WATERSTONE FINANCIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF INCOME(Unaudited) WATERSTONE FINANCIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) Three months ended March 31,20262025(In Thousands)Net income$5,997$3,036 Other comprehensive (loss) income, net of tax:Net unrealized holding (loss) gain on available for sale securities:Net unrealized holding (loss) gain arising during the period, net of tax benefit (expense) of$286 and ($659), respectively(1,020)2,348Total other comprehensive (loss) income(1,020)2,348Comprehensive income$4,977$5,384 WATERSTONE FINANCIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’EQUITY(Unaudited) WATERSTONE FINANCIAL, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Table of Contents Note 1—Basis of Presentation The unaudited interim consolidated financial statements include the accounts of Waterstone Financial, Inc. (the “Company”) andthe Company’s subsidiaries. WaterStone Bank SSB (the "Bank") is a community bank that has served the banking needs of its customers since 1921.WaterStone Bank owns Wauwatosa Investments, Inc, an investment subsidiary, and has an active mortgage banking segment,Waterstone Mortgage Corporation. WaterStone Bank conducts its community banking business from 14 banking offices located in Milwaukee, Washington andWaukesha Counties, Wisconsin. WaterStone Bank's principal lending activity is originating one- to four-family, multi-familyresidential real estate, and commercial real estate