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Waterstone Financial, Inc. reports recurring developments from its community banking and mortgage banking businesses as the savings and loan holding company for WaterStone Bank. WaterStone Bank offers personal and business banking products in southeastern Wisconsin, and WaterStone Mortgage Corporation originates residential mortgage loans for sale into the secondary market as a national lender licensed in 48 states.
Company news commonly covers quarterly operating results, net interest margin, loan yields, deposit funding costs, asset quality and allowance for credit losses. Updates also include mortgage loan origination trends, segment profitability, regular cash dividends, dividend increases and common-stock repurchase authorizations.
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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