Time might come, and might be around the corner when, images in Google Search will be OCR'd (scanned for text/wording and made searchable) this will result in your watermarks if its in Copyright Joe Smith (text form) will be searchable.
Also thing about this if you are using image search with an image of your brand, (not sure about practically but theoretically) you should be able to find all your images if they are watermarked with your Brand image in Google image search.
So if you are planning to future proof your images for image SEO go for it!