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 (WSBF) delivers community-focused banking and mortgage services through its dual-segment structure. This news hub provides investors and stakeholders with centralized access to operational developments, financial updates, and strategic initiatives from both business lines.
Track critical announcements including quarterly earnings reports, leadership changes, regulatory filings, and market expansion activities. The collection spans updates from WaterStone Bank's local banking operations to Waterstone Mortgage's nationwide lending activities, offering comprehensive insight into the company's performance.
Key content categories include financial results disclosure, product launches, compliance updates, and executive appointments. All materials maintain factual accuracy without speculative commentary, serving both casual observers and professional analysts.
Bookmark this page for streamlined monitoring of WSBF's evolving position in regional banking and mortgage markets. Regular updates ensure timely awareness of developments impacting the company's community engagement strategies and financial health.
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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