earnings
confidence high
sentiment positive
materiality 0.60
Waterstone Financial Q3 net income $4.7M ($0.26 EPS) vs $3.3M a year ago
Waterstone Financial, Inc.
2024-Q3 EPS
reported $0.72
vs consensus $0.31
▲ beat
(+135.3%)
- Net income $4.7M ($0.26 diluted EPS) for Q3 2024, up from $3.3M ($0.16 EPS) in Q3 2023.
- Community Banking pre-tax income $5.6M; net interest margin 2.13% down 13 bps YoY but up 12 bps from Q2.
- Mortgage Banking pre-tax income $144K vs $2.1M loss a year ago; originations $558.7M, down 6.5% YoY.
- Dividend declared $0.15/share; repurchased 71,000 shares at $13.75/share in the quarter.
- Book value per share $17.58; nonperforming assets 0.25% of total assets; past due loans 0.63%.