---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013957"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:24:16.190320+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-013957
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774924013957/0001437749-24-013957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774924013957/wsbf20240327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013957
- JSON: https://secwatch.observer/filing/0001437749-24-013957.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013957.txt

## Key facts
- Earnings Releases
  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
  source text: reported net income of $3.0 million, or $0.16 per diluted share, for the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1569994/000143774924013957/0001437749-24-013957-index.htm

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