---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028846"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:07:29.064354+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-028846
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774923028846/0001437749-23-028846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774923028846/wsbf20230816_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028846
- JSON: https://secwatch.observer/filing/0001437749-23-028846.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028846.txt

## Key facts
- Earnings Releases
  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
  source text: 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 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774923028846/0001437749-23-028846-index.htm

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