secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001437749-22-017522
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774922017522/0001437749-22-017522-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774922017522/wsbf20220613_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017522

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer