secwatch.observer — SEC 8-K summary
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Issuer:     Waterstone Financial, Inc. (WSBF)
CIK:        0001569994
Form:       8-K
Filed at:   2025-07-22T23:59:59+00:00
Accession:  0001437749-25-023211
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Waterstone Financial Q2 net income $7.7M ($0.43 EPS) vs $5.7M ($0.31) YoY; NIM expands 59 bps
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- Pre-tax income in Community Banking up 50.4% YoY to $7.6M; net interest income rose 21.4% to $13.6M.
- Net interest margin improved 59 bps to 2.60% from 2.01% a year ago; efficiency ratio improved to 50.40%.
- Mortgage Banking pre-tax income steady at $2.0M; loan originations fell 7.1% to $588.8M.
- Repurchased ~508k shares at $12.80/share ($6.5M); book value per share rose to $18.19 from $17.53 at end-2024.
- Dividend declared $0.15 per share; nonperforming assets remained low at 0.37% of total assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1569994/000143774925023211/0001437749-25-023211-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1569994/000143774925023211/wsbf20250528_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-023211

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