secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001437749-24-002553
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/0001437749-24-002553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924002553/wsbf20231127_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002553

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