secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001437749-23-020613
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923020613/0001437749-23-020613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923020613/wsbf20230525_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020613

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