---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-023469"
form_type: "8-K"
ticker: "WSBF"
cik: "0001569994"
company_name: "Waterstone Financial, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:17:27.563933+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Waterstone Financial Q2 2024 net income rises to $5.7M ($0.31 EPS) from $4.0M YoY

## Summary
- Net income $5.7M ($0.31 diluted EPS) vs $4.0M ($0.20) in Q2 2023; six-month EPS $0.47 vs $0.30.
- Community Banking pre-tax income $5.1M, down 20.5% YoY; net interest margin fell 46 bps to 2.01% on funding cost pressure.
- Mortgage Banking swung to $2.0M pre-tax profit from $1.4M loss; originations $634.1M (+1.7% YoY), margin 3.93% vs 3.73%.
- Dividend $0.15/share declared; repurchased 481K shares at $11.99/share, accretive $0.13 to book value per share.
- Nonperforming assets 0.25% of total assets; past due loans 0.76% (up from 0.50% a year ago).

## SEC filing metadata
- accession: 0001437749-24-023469
- form_type: 8-K
- ticker: WSBF
- cik: 0001569994
- company_name: Waterstone Financial, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1569994/000143774924023469/0001437749-24-023469-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1569994/000143774924023469/wsbf20240610_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-023469
- JSON: https://secwatch.observer/filing/0001437749-24-023469.json
- Plain text: https://secwatch.observer/filing/0001437749-24-023469.txt

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