secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001437749-22-024790
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774922024790/0001437749-22-024790-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774922024790/wsbf20220829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024790

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