Waterstone Financial, Inc.: insider trades · United States · SEC (Form 4)

About Waterstone Financial, Inc.

Waterstone Financial, Inc. (NASDAQ: WSBF) is a U.S.-listed financial company traded on the NASDAQ market in the United States, with headquarters in Wauwatosa, Wisconsin. The group is the holding company for WaterStone Bank SSB, a Wisconsin savings bank, and its profile is best understood as that of a community-oriented U.S. regional financial institution rather than a nationwide commercial bank. For investors, WSBF combines a local deposit franchise in southeastern Wisconsin with a mortgage banking platform that gives the company a broader operating footprint. ([wsbf.q4ir.com](https://wsbf.q4ir.com/corporate-profile/default.aspx)) WaterStone’s operating history in banking dates back to 1921, while the current Waterstone Financial, Inc. holding-company structure was organized in 2013 and became the parent of WaterStone Bank SSB after the mutual-to-stock conversion completed in 2014. That background is important because it helps explain the company’s business mix: a traditional community bank heritage layered with the capital-market discipline of a public company. The corporate headquarters and executive offices remain in Wauwatosa, which underscores the company’s strong geographic identity in the Milwaukee metro area. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf)) The business model rests on two main pillars. First is community banking, where WaterStone Bank gathers retail deposits and originates loans primarily secured by residential real estate, multifamily properties, and commercial real estate. The bank also offers home equity loans and lines of credit, construction and land loans, commercial business loans, and consumer loans. Second is mortgage banking through Waterstone Mortgage Corporation, a wholly owned subsidiary that originates single-family residential mortgage loans for sale into the secondary market. This creates a business mix that is simultaneously balance-sheet oriented and fee-oriented, with earnings sensitivity to interest rates, loan demand, and mortgage origination volume. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf)) From a competitive standpoint, WaterStone Bank is positioned as a community bank focused on southeastern Wisconsin, with branch offices concentrated in Milwaukee, Waukesha, and Washington counties, and a broader lending area extending toward Madison. In contrast, the mortgage subsidiary provides a much wider national reach: Waterstone Mortgage Corporation operated in 26 states as of December 31, 2023. That combination of a local deposit base and a multi-state mortgage platform is one of the company’s key differentiators versus banks that are only locally focused. ([sec.boardroomalpha.com](https://sec.boardroomalpha.com/2024/QTR2/0001437749-24-011727/waterstonears.pdf)) Recent company updates suggest improving operating momentum. In the first quarter of 2026, Waterstone Financial reported higher net income, citing continued net interest margin expansion and stronger loan origination volumes in the mortgage banking segment; management also highlighted record first-quarter net interest income in the community banking segment. In late 2025, the company declared a quarterly cash dividend of $0.15 per share and continued share repurchases, indicating an active capital-return posture. Overall, WSBF remains a small-cap U.S. bank stock with a conservative community-banking profile, but one that offers investors exposure to both spread income and mortgage banking cycles. ([wsbonline.com](https://www.wsbonline.com/waterstone-financial-operations-report-q1-2026/?utm_source=openai))