---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-017522"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T09:59:01.490492+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Waterstone Financial Q2 net income drops to $8.0M from $17.9M; EPS $0.36 vs $0.74

## Summary
- Net income $8.0M ($0.36 diluted) vs $17.9M ($0.74) in Q2 2021; six-month EPS $0.58 vs $1.64.
- Mortgage banking pre-tax income $2.3M vs $14.2M; originations $778.8M (-26.9% YoY); gross margin 3.76% vs 4.81%.
- Community banking pre-tax income $8.0M (-17.7% YoY); net interest margin up 24bp to 3.02%.
- Repurchased ~1.4M shares for $24.2M during Q2; dividend declared $0.20/share.
- Nonperforming assets 0.39% of total assets vs 0.20% a year ago; past due loans 0.60%.

## SEC filing metadata
- accession: 0001437749-22-017522
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2022-07-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774922017522/0001437749-22-017522-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774922017522/wsbf20220613_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-017522
- JSON: https://secwatch.observer/filing/0001437749-22-017522.json
- Plain text: https://secwatch.observer/filing/0001437749-22-017522.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.