secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001437749-23-028846
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923028846/0001437749-23-028846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774923028846/wsbf20230816_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028846

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