secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001437749-23-001882
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/0001437749-23-001882-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923001882/wsbf20221206b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001882

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