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, Inc. (NASDAQ: WSBF) reported a net income of $5.3 million, or $0.25 per diluted share, for Q3 2022, down from $19.0 million, or $0.79 per share a year earlier. For the nine months ending September 30, 2022, net income per share was $0.83, compared to $2.43 in 2021. The community banking segment saw strong loan growth and a net interest income increase of 10.1%. However, the mortgage banking segment experienced significant challenges, with loan originations down 26.9% and non-interest income decreasing by 46.8%. The efficiency ratio improved, but overall performance signals cautious outlooks.
The Board of Directors of Waterstone Financial has declared a quarterly cash dividend of $0.20 per common share, set to be paid on November 1, 2022. Shareholders of record by the close of business on October 10, 2022 will receive this dividend. Waterstone Financial serves as the holding company for WaterStone Bank, which has provided banking services since 1921 and offers a range of personal and business banking products across multiple branches in Wisconsin.
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.
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