---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011008"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:18:02.248317+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Waterstone Financial Q1 net income falls to $2.2M from $5.3M; mortgage segment posts $3.7M loss

## Summary
- Diluted EPS of $0.10 vs $0.23 YoY; consolidated ROAA 0.43% vs 1.00%.
- Community banking pre-tax income up 18.5% to $6.4M; net interest margin 2.88%.
- Mortgage banking pre-tax loss of $3.7M vs $1.4M income; originations down 37.5% to $442.7M.
- Dividends declared $0.20 per share; repurchased ~373K shares at $15.65/share.
- Nonperforming assets stable at 0.22% of total assets; book value $16.73.

## SEC filing metadata
- accession: 0001437749-23-011008
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2023-04-25T23:59:59+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/1569994/000143774923011008/0001437749-23-011008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774923011008/wsbf20230317_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011008
- JSON: https://secwatch.observer/filing/0001437749-23-011008.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011008.txt

## Key facts
- Earnings Releases
  Waterstone Financial, Inc. reported the quarter ended March 31, 2023 results: net income net income of $2.2 million, EPS $0.10 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: net income of $2.2 million
  - EPS: $0.10 per diluted share
  - Result: reported results
  source text: Waterstone Financial, Inc. Announces Results of Operations for the Quarter Ended March 31, 2023 . WAUWATOSA, WI – 4/25/2023 – Waterstone Financial, Inc. (NASDAQ: WSBF), holding company for WaterStone Bank, reported net income of $2.2 million, or $0.10 per diluted share for the quarter ended March 31, 2023 compared to $5.3 million, or $0.23 per diluted share for the quarter ended March 31, 2022 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923011008/0001437749-23-011008-index.htm

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