---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002553"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:00:55.027175+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-002553
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/0001437749-24-002553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/wsbf20231127_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002553
- JSON: https://secwatch.observer/filing/0001437749-24-002553.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002553.txt

## Key facts
- Earnings Releases
  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
  source text: reported a net loss of $40,000, or less than $0.01 per diluted share, for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/0001437749-24-002553-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/0001437749-24-002553-index.htm

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