Welcome to our dedicated page for Waterstone Finl Md news (Ticker: WSBF), a resource for investors and traders seeking the latest updates and insights on Waterstone Finl Md stock.
Waterstone Financial, Inc. (NASDAQ: WSBF) is the savings and loan holding company for WaterStone Bank and WaterStone Mortgage Corporation. Company news and press releases highlight its role as a community-focused financial institution established in 1921, with WaterStone Bank operating 14 branch locations across southeastern Wisconsin and WaterStone Mortgage described as a national lender licensed in 48 states.
The WSBF news feed features regular announcements of quarterly and annual financial results, where management discusses consolidated net income, segment performance for Community Banking and Mortgage Banking, net interest income, net interest margin, mortgage banking income, and key asset quality metrics. These releases often include detailed consolidated statements of income and financial condition, along with commentary on trends in loans, deposits, and mortgage originations.
Investors and analysts following WSBF can also find dividend declarations, as the Board of Directors has repeatedly announced regular quarterly cash dividends of $0.15 per common share in recent press releases. Additional news items cover corporate governance developments, such as the election of new members to the Board of Directors and changes in committee leadership, which are also reported in accompanying Form 8-K filings.
For readers tracking the savings institutions and mortgage banking space, the Waterstone Financial news page provides an ongoing record of how the company’s Community Banking and Mortgage Banking segments are performing, how management describes market conditions, and how capital actions such as dividends and share repurchases are discussed in official communications.
Waterstone Financial (WSBF) reported net income of $5.2 million ($0.28 per diluted share) for Q4 2024, compared to a net loss of $40,000 in Q4 2023. Full-year 2024 earnings were $1.01 per diluted share, up from $0.46 in 2023.
The Community Banking segment saw pre-tax income increase 26% to $6.7 million, with net interest income rising 6.9% to $12.9 million. Average loans held for investment reached $1.68 billion, up 1.3% year-over-year.
The Mortgage Banking segment reported a reduced pre-tax loss of $625,000 compared to a $6.0 million loss in Q4 2023. Loan originations increased 2.7% to $470.7 million, with purchase activity accounting for 82.1% of originations.
The company maintained shareholder returns through dividends of $0.15 per share and repurchased approximately 194,000 shares at $14.43 per share during Q4 2024.
Waterstone Financial (NASDAQ: WSBF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share. The dividend will be paid on February 3, 2025, to shareholders who are recorded as holders at the close of business on January 8, 2025.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported net income of $4.7 million, or $0.26 per diluted share, for Q3 2024, compared to $3.3 million, or $0.16 per diluted share, in Q3 2023. The company's Community Banking segment saw growth in loan and core deposit balances, while maintaining strong asset quality metrics. The Mortgage Banking segment experienced a decrease in fundings but remained profitable due to cost control measures.
Key highlights include:
- Consolidated return on average assets: 0.83% (Q3 2024) vs 0.58% (Q3 2023)
- Dividends declared: $0.15 per common share
- Share repurchases: ~71,000 shares at $13.75 per share
- Book value per share: $17.58 (September 30, 2024)
- Community Banking pre-tax income: $5.6 million
- Mortgage Banking pre-tax income: $144,000
Waterstone Financial (NASDAQ: WSBF) has announced a regular quarterly cash dividend of $0.15 per common share. This dividend was declared by the company's Board of Directors on September 24, 2024. Shareholders who are on record at the close of business on October 8, 2024, will be eligible to receive the dividend. The payment is scheduled for November 1, 2024.
This announcement demonstrates Waterstone Financial's commitment to providing regular returns to its shareholders. The declaration of a quarterly dividend can be seen as a positive sign of the company's financial health and its ability to generate consistent cash flow.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported improved financial results for Q2 2024. Net income increased to $5.7 million ($0.31 per diluted share), up from $4.0 million ($0.20 per diluted share) in Q2 2023. The company's consolidated return on average assets rose to 1.02% from 0.74% year-over-year, while return on average equity improved to 6.84% from 4.41%.
The Community Banking segment faced challenges with net interest income decreasing by 15.1% to $11.2 million, and net interest margin declining by 46 basis points to 2.01%. However, average loans held for investment increased by 5.1% to $1.67 billion.
The Mortgage Banking segment showed significant improvement, with pre-tax income of $2.0 million compared to a $1.4 million loss in Q2 2023. Loan originations increased by 1.7% to $634.1 million, with purchase activity accounting for 92.7% of originations.
Waterstone Financial (NASDAQ: WSBF) announced on June 18, 2024, that its Board of Directors has approved a regular quarterly cash dividend of $0.15 per common share.
The dividend will be payable on August 1, 2024, to shareholders recorded by the close of business on July 8, 2024.
Waterstone Financial, Inc., the holding company for WaterStone Bank, reported a net income of $3.0 million for the quarter ended March 31, 2024, showing improvement from the previous year. The Mortgage Banking segment saw increased performance despite industry challenges, while the Community Banking segment faced margin compression. The company focused on maintaining strong asset quality and returning capital to shareholders through dividends and share repurchases.
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