8-K
filed July 25, 2023, 7:59 PM ET
ticker WSBF
CIK 0001569994
earnings
confidence high
sentiment negative
materiality 0.75
Waterstone Q2 net income $4.0M ($0.20 EPS), down 50% YoY; mortgage banking loss continues
Waterstone Financial, Inc.
2023-Q2 EPS
reported $0.30
vs consensus $0.28
▲ beat
(+8.9%)
- Net income $4.0M vs $8.0M YoY; diluted EPS $0.20 vs $0.36 YoY.
- Community banking pre-tax income $6.4M, down 19.9% YoY; NIM fell 55 bps to 2.47%.
- Mortgage banking segment pre-tax loss $1.4M vs $2.3M profit YoY; originations down 20% to $623M.
- Declared $0.20 dividend; repurchased ~511K shares at $14.32 avg cost; new 2M share buyback authorized.
- Nonperforming assets 0.19% of total assets; past due loans 0.50% of total loans.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Waterstone Financial, Inc. reported the quarter ended June 30, 2023 results: net income $4.0 million, EPS $0.20 per diluted share.
- Period
- the quarter ended June 30, 2023
- Net income
- $4.0 million
- EPS
- $0.20 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 $4.0 million, or $0.20 per diluted share for the quarter ended June 30, 2023 compared to $8.0 million, or $0.36 per diluted share for the quarter ended June 30, 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Waterstone Financial, Inc. reported the six months ended June 30, 2023 results: EPS $0.30 per diluted share.
- Period
- the six months ended June 30, 2023
- EPS
- $0.30 per diluted share
- Result
- reported results
Exact text from the filing
Net income per diluted share was $0.30 for the six months ended June 30, 2023 compared to net income per diluted share of $0.58 for the six months ended June 30, 2022.
View on SEC.gov
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