Waterstone Q4 net income drops to $935K ($0.04 EPS) from $12.6M; mortgage segment loss $6.5M

Waterstone Financial, Inc.

2022-FY EPS reported $0.89

Net income $935K ($0.04 diluted EPS) vs $12.6M ($0.53) in Q4 2021; FY EPS $0.89 vs $2.96.
Community banking net interest income up 19.2% to $15.7M; pre-tax income down 16.4% to $7.0M.
Mortgage banking pre-tax loss $6.5M vs prior-year profit $7.3M; originations fell 45% to $546.6M.
Dividend declared $0.20/share; repurchased 159K shares at $16.53.
Book value per share $16.71, down from $17.45 due to unrealized loss on AFS securities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Waterstone Financial, Inc. reported for the quarter ended December 31, 2021 results: net income $12.6 million, EPS $0.53 per diluted share.

Period: for the quarter ended December 31, 2021
Net income: $12.6 million
EPS: $0.53 per diluted share
Result: reported results

Exact text from the filing

compared to $12.6 million, or $0.53 per diluted share for the quarter ended December 31, 2021

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Waterstone Financial, Inc. reported for the quarter ended December 31, 2022 results: net income $935,000, EPS $0.04 per diluted share.

Period: for the quarter ended December 31, 2022
Net income: $935,000
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $935,000, or $0.04 per diluted share for the quarter ended December 31, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Waterstone Financial, Inc. reported for the twelve months ended December 31, 2022 results: EPS $0.89.

Period: for the twelve months ended December 31, 2022
EPS: $0.89
Result: reported results

Exact text from the filing

Net income per diluted share was $0.89 for the twelve months ended December 31, 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Waterstone Financial, Inc. reported for the twelve months ended December 31, 2021 results: EPS net income per diluted share of $2.96.

Period: for the twelve months ended December 31, 2021
EPS: net income per diluted share of $2.96
Result: reported results

Exact text from the filing

compared to net income per diluted share of $2.96 for the twelve months ended December 31, 2021

View on SEC.gov

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Waterstone Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-001882

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