---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-024790"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:49:36.020979+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Waterstone Financial Q3 net income falls to $5.3M ($0.25/sh) from $19.0M; mortgage segment posts pre-tax loss

## Summary
- Q3 2022 net income $5.3M ($0.25 diluted EPS) vs $19.0M ($0.79) a year ago; nine-month EPS $0.83 vs $2.43.
- Mortgage banking segment pre-tax loss of $1.8M vs $15.6M profit in Q3 2021; loan originations fell 26.9% to $778.8M.
- Community banking net interest income rose 10.1% to $15.5M; net interest margin expanded 66 bps to 3.34%.
- Declared $0.20 per share dividend; repurchased ~425,000 shares at avg $17.05 during quarter.
- Book value per share $16.86, down from $17.45 at Dec 2021, due to unrealized securities losses.

## SEC filing metadata
- accession: 0001437749-22-024790
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774922024790/0001437749-22-024790-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774922024790/wsbf20220829_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-024790
- JSON: https://secwatch.observer/filing/0001437749-22-024790.json
- Plain text: https://secwatch.observer/filing/0001437749-22-024790.txt

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