Waterstone Financial Q1 net income $3.0M ($0.16 EPS) vs $2.2M ($0.10) YoY; one-time tax charge $0.04

Waterstone Financial, Inc.

2024-Q1 EPS reported $0.16

Community Banking pre-tax income $4.3M, down 33.5% YoY; net interest margin fell 73 bps to 2.15%.
Mortgage Banking pre-tax income $369K vs $3.7M loss YoY; loan originations up 9.6% to $485.1M.
Dividends declared $0.15 per share; share repurchases of ~417K shares at avg $12.65.
Nonperforming assets 0.23% of total assets; book value per share $16.98.
One-time $1.1M charge from Wisconsin state tax law change reduced EPS by $0.04.

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 0.98

Waterstone Financial, Inc. reported the quarter ended March 31, 2024 results: net income $3.0 million, EPS $0.16 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $3.0 million
EPS: $0.16 per diluted share
Result: reported results

Exact text from the filing

reported net income of $3.0 million, or $0.16 per diluted share, for the quarter ended March 31, 2024

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Waterstone Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-013957

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