secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001437749-25-012679
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, EPS $0.17; community banking pre-tax up 42%
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- Consolidated net income $3.0M ($0.17 diluted EPS) vs $3.0M ($0.16) YoY; ROAA 0.57%.
- Community Banking pre-tax income $6.1M, up 42% YoY; net interest margin up 32 bps to 2.47%.
- Mortgage Banking pre-tax loss $2.2M vs income $0.37M YoY; originations down 20% to $387.7M.
- Mortgage banking legal expense elevated; final settlement of previously disclosed lawsuit with $1.3M accrual.
- Repurchased ~237,000 shares at $13.37/share during quarter; dividend $0.15 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774925012679/0001437749-25-012679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774925012679/wsbf20250303_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-012679

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