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, Inc. (NASDAQ: WSBF) reported net income of $8.0 million, or $0.36 per diluted share, for Q2 2022, down from $17.9 million, or $0.74 per diluted share, in Q2 2021. Six-month net income per diluted share was $0.58 vs. $1.64 last year. Strong loan growth in the community banking segment was noted, despite a 26.9% drop in mortgage loan originations. The company repurchased 1.4 million shares for $24.2 million. Nonperforming assets increased to 0.39% of total assets. Average deposits remained stable at $1.21 billion.
WaterStone Bank has launched a new checking product, Stepping Stone®, certified by the Cities for Financial Empowerment Fund to meet national account standards. This account features numerous benefits, including no monthly fees, no overdraft fees, and digital bill pay capabilities. The launch aims to enhance access to banking services for unbanked individuals, with the account available at all 14 WaterStone Bank branches and online. The certification underscores the bank’s commitment to providing safe and affordable financial products.
Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly cash dividend of $0.20 per common share on June 23, 2022. The dividend is set to be paid on August 2, 2022 to shareholders recorded by the close of business on July 11, 2022. Waterstone Financial serves as the savings and loan holding company for WaterStone Bank, which offers a wide range of banking products across multiple branches in Wisconsin. Established in 1921, the bank also operates Waterstone Mortgage, lending in 48 states.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $5.3 million, or $0.23 per diluted share for Q1 2022, a significant decline from $21.3 million, or $0.89 per share in Q1 2021. The return on average assets fell to 1.00% from 3.99%, while average loans decreased by 10.6% to $1.20 billion. The community banking pre-tax income dropped 40.6%, and loan originations in mortgage banking fell 36.5%. Despite these challenges, the company continued to provide value through dividends and buybacks, with a declared dividend of $0.20 per share.
On March 15, 2022, the Board of Directors of Waterstone Financial declared a quarterly cash dividend of $0.20 per common share. This dividend is payable on May 3, 2022, to shareholders of record as of April 11, 2022. Waterstone Financial, operating as a savings and loan holding company for WaterStone Bank since 1921, provides a comprehensive range of personal and business banking products. The Bank has multiple branches across Wisconsin and is affiliated with Waterstone Mortgage, which offers lending in 48 states.
Waterstone Financial (NASDAQ: WSBF) reported a net income of $12.6 million, or $0.53 per diluted share for Q4 2021, down from $27.8 million or $1.17 per share in Q4 2020. For the year ended December 31, 2021, net income per diluted share was $2.96, compared to $3.30 in 2020. The company announced a new 3.5 million share repurchase program and a special dividend of $0.50. Significant challenges included a 22.6% drop in loan originations and a 40.6% decrease in mortgage banking non-interest income.
Waterstone Financial, Inc. (NASDAQ: WSBF) has announced key management changes as of January 24, 2022. William Bruss has been elected President of the Company and its subsidiary, WaterStone Bank. Douglas Gordon remains CEO since 2007. Julie Glynn and Ryan Gordon were appointed Executive Vice Presidents, joining Chief Financial Officer Mark Gerke. CEO Doug Gordon highlighted the management team's strength and their strategic experience. Bruss has been with the Bank since 1997, while Glynn and Ryan Gordon bring extensive retail banking and credit administration expertise, respectively.
On December 15, 2021, Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly cash dividend of $0.20 per share and a special cash dividend of $0.50 per share. Both dividends are scheduled for payment on February 1, 2022, to shareholders on record by the close of business on January 10, 2022.
Waterstone Financial serves as the savings and loan holding company for WaterStone Bank, which has been operating since 1921, providing a variety of banking products across several branches in Wisconsin.
Waterstone Financial, Inc. (NASDAQ: WSBF) announced a new share repurchase program on December 10, 2021, authorizing the buyback of up to 3,500,000 shares, which represents about 14.1% of its total outstanding shares. This initiative follows the termination of a prior repurchase effort, during which 1,453,554 shares were bought at an average price of $17.16 each. The repurchase program will begin on December 13, 2021, and is subject to various market and financial conditions. It can be suspended or altered at any time.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $19.0 million for Q3 2021, down from $26.3 million in Q3 2020. Diluted earnings per share fell to $0.79 from $1.08. Year-to-date, earnings per share improved to $2.43 compared to $2.15 in 2020. Pre-tax income in the community banking segment rose to $8.9 million, while mortgage banking pre-tax income fell to $15.6 million. Loan originations dropped 18.6% to $1.06 billion. Total dividends declared were $0.20 per share, with 178,000 shares repurchased for $3.5 million.
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