---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-001882"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:13:21.687623+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-001882
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/wsbf20221206b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-001882
- JSON: https://secwatch.observer/filing/0001437749-23-001882.json
- Plain text: https://secwatch.observer/filing/0001437749-23-001882.txt

## Key facts
- Earnings Releases
  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
  source text: compared to $12.6 million, or $0.53 per diluted share for the quarter ended December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm
- Earnings Releases
  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
  source text: Net income per diluted share was $0.89 for the twelve months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm
- Earnings Releases
  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
  source text: compared to net income per diluted share of $2.96 for the twelve months ended December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm

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