---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020613"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:07:30.915452+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Waterstone Q2 net income $4.0M ($0.20 EPS), down 50% YoY; mortgage banking loss continues

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-020613
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2023-07-25T23:59:59+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/1569994/000143774923020613/0001437749-23-020613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774923020613/wsbf20230525_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020613
- JSON: https://secwatch.observer/filing/0001437749-23-020613.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020613.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923020613/0001437749-23-020613-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923020613/0001437749-23-020613-index.htm

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