profit from every $100 of sales.
$0$100
Waterstone Financial
$20.04-0.50% today
+29.4% in 1 year
1-year low $15.191-year high $21.52
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $13.65 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Waterstone Financial sold, what it kept, and what it did with the cash.
Sales went from $158 million in 2022 to $139 million in 2025, with $26.4 million of profit last year.
SalesProfit
Waterstone Financial handed back more cash to shareholders than it generated last year.
Buybacks $16M$11M
Free cash flow 2025$23M
Bought back its own shares$16M
Paid as dividends$11M
Cash vs. debt$64M vs. $406M
Waterstone Financial vs. similar companies
Waterstone Financial grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Waterstone Financial | 13.6× · Cheap | ||
 China Merchants Bank | 7.7× · Cheap | ||
 DBS Group Holdings | 18.2× · Fair price | ||
 UniCredit | 11.5× · Cheap | ||
 HDFC Bank | 18.6× · Fair price |
AI analysis
An AI analyst reads Waterstone Financial's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 158 | 128 | 132 | 139 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 19 | 9 | 19 | 26 | |
| 0.89 | 0.46 | 1.01 | 1.48 | |
| – | – | – | – | |
| – | – | – | – | |
| 12.4% | 7.3% | 14.1% | 19.0% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,032 | 2,213 | 2,210 | 2,260 |
| Cash | 36 | 31 | 35 | 64 |
| Total debt | 386 | 464 | 444 | 406 |
| Total liabilities | 1,661 | 1,869 | 1,870 | 1,910 |
| 370 | 344 | 339 | 349 | |
| 22 | 20 | 19 | 18 | |
| – | – | – | – | |
| 5.3% | 2.7% | 5.5% | 7.6% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 207 | -28 | 48 | 24 | |
| 1 | 1 | 1 | 1 | |
| 206 | -28 | 47 | 23 | |
| Dividends paid | 30 | 15 | 11 | 11 |
| 48 | 26 | 15 | 16 | |
| 1 | 0 | 0 | 0 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 13.6×
- –
- 0.74
- 0.9×
- 2.6×
- 7.3%
- 3.4%
Profitability
- 19.0%
- 1.3%
- 3.5%
- 8.5%
- 1.3%
Growth
- −4.2%
- +18.5%
- −14.1%
- −6.9%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 33%of 850
Bottom 37%of 733
Top 50%of 865
Bottom 14%of 861
Top 49%of 920
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| Apr 23, 2026 | 0.34 | 0.66 | −48.5% |
| Jan 28, 2026 | 0.44 | 0.33 | +33.3% |
| Oct 23, 2025 | 0.45 | – | – |
| Jul 22, 2025 | 0.43 | – | – |
| Apr 22, 2025 | 0.17 | – | – |
| Jan 28, 2025 | 0.28 | 0.33 | −15.2% |
| Oct 22, 2024 | 0.26 | 0.30 | −13.3% |
| Jul 25, 2024 | 0.31 | 0.26 | +19.2% |
3.4%of the share price, paid each year
On $1,000 invested$34a year at today's yield, before tax
−14.1%2020 to 2025
Raised–not every year
Paid per share, each year
$0.20 in 2015 → $0.60 in 2025
How safe it looks
40.8% of its profit
Room to growStretchedMore than it earns: 46.8%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
3/7Passes 3 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
42No pass
Benjamin Graham
69Pass
Philip Fisher
64Pass
Peter Lynch
66Pass
Joel Greenblatt
16No pass
Charlie Munger
44No pass
Terry Smith
35No pass
Questions about Waterstone Financial
Is Waterstone Financial a good stock to buy?
A solid business, and the price looks low. 3 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Waterstone Financial AI analysis
What does Waterstone Financial do?
Waterstone Financial, Inc. operates as a bank holding company for WaterStone Bank SSB that provides various financial services to customers in southeastern Wisconsin, the United States. It operates in two segments, Community Banking and Mortgage Banking. It is in Banks - Regional.
Does Waterstone Financial pay a dividend?
Yes. At today's price the dividend is 3.4% a year, about 41% of its yearly profit. In 2025 it paid out $10.8 million in dividends.
Is Waterstone Financial stock halal?
No. Waterstone Financial does not pass our halal screen: its main business, banking, is not permitted. How we check
How has Waterstone Financial stock done over the past year?
Up 29.4% over the past twelve months, to $20.04. It traded between $15.19 and $21.52 and is 6.9% below its high.
Who are Waterstone Financial's competitors?
The largest listed companies in the same industry are China Merchants Bank, DBS Group Holdings, UniCredit and HDFC Bank. The peers table on this page compares their profit, growth and price with Waterstone Financial's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.