secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001437749-23-011008
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923011008/0001437749-23-011008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923011008/wsbf20230317_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-011008

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