secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023469
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924023469/0001437749-24-023469-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774924023469/wsbf20240610_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023469

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