Waterstone Financial Q3 net income $3.3M ($0.16 EPS) vs $5.3M YoY; mortgage segment loss continues

Waterstone Financial, Inc.

2023-Q3 EPS reported $0.46 vs consensus $0.23 ▲ beat (+96.1%)

Net income $3.3M ($0.16 diluted EPS) vs $5.3M ($0.25) in Q3 2022; nine-month EPS $0.46 vs $0.83.
Community Banking pre-tax income $5.7M, down 33.8% from $8.5M; net interest margin fell 108bps to 2.26%.
Mortgage Banking pre-tax loss $2.1M vs $1.8M loss; originations fell 18.1% to $597.6M.
Repurchased ~516K shares for $6.7M ($12.94/share); dividends declared $0.15 per share.
Nonperforming assets remained low at 0.20% of total assets; book value $16.60/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Waterstone Financial, Inc. reported quarter ended September 30, 2023 results: net income $3.3 million, EPS $0.16 per diluted share.

Period: quarter ended September 30, 2023
Net income: $3.3 million
EPS: $0.16 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 $3.3 million, or $0.16 per diluted share for the quarter ended September 30, 2023 compared to $5.3 million, or $0.25 per diluted share for the quarter ended September 30, 2022 .

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Source: SEC EDGAR

accession 0001437749-23-028846

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