secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001437749-24-013957
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924013957/0001437749-24-013957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924013957/wsbf20240327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013957

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer