Waterstone Financial reports Q4 net loss of $40K, EPS $0.00; FY EPS down 48% to $0.46

Waterstone Financial, Inc.

2023-FY EPS reported $0.46

Net loss of $40K in Q4 2023 vs net income of $935K in Q4 2022; diluted EPS less than $0.01.
Full year EPS $0.46, down from $0.89 YoY; net interest margin fell 104 bps to 2.25%.
Community Banking pre-tax income fell 24.3% to $5.3M; Mortgage Banking pre-tax loss $6.0M.
Repurchased 545K shares in Q4 at $11.36; declared dividend $0.15/share in Q4, total $0.70 for 2023.
Nonperforming assets 0.23% of total assets; past due loans increased to 0.68% from 0.41% a year ago.

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 1.0

Waterstone Financial, Inc. reported the quarter ended December 31, 2023 results: net income net loss of $40,000, or less than $0.01 per diluted share, EPS less than $0.01 per diluted share.

Period: the quarter ended December 31, 2023
Net income: net loss of $40,000, or less than $0.01 per diluted share
EPS: less than $0.01 per diluted share
Result: reported results

Exact text from the filing

reported a net loss of $40,000, or less than $0.01 per diluted share, for the quarter ended December 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Waterstone Financial, Inc. reported the twelve months ended December 31, 2023 results: EPS Net income per diluted share was $0.46 for the twelve months ended December 31, 2023.

Period: the twelve months ended December 31, 2023
EPS: Net income per diluted share was $0.46 for the twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

Net income per diluted share was $0.46 for the twelve months ended December 31, 2023 compared to net income per diluted share of $0.89 for the twelve months ended December 31, 2022

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Source: SEC EDGAR

accession 0001437749-24-002553

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