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.
On May 28, 2021, the Board of Directors of Waterstone Financial declared a special dividend of $0.50 per common share, payable on June 15, 2021, to stockholders of record by June 11, 2021. CEO Doug Gordon emphasized that this special dividend demonstrates the company's strong performance in 2021 and commitment to maintaining a robust dividend payout ratio, aimed at delivering shareholder value.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $21.3 million or $0.89 per diluted share for Q1 2021, a significant increase from $6.1 million or $0.24 per diluted share in Q1 2020. The growth was driven by strong mortgage origination, with loan originations rising 57.3% to $1.12 billion. Average deposits increased 12%, while the efficiency ratio improved to 48.17%. The company declared dividends of $0.20 per share. Nonperforming assets reduced to 0.20% of total assets.
On March 16, 2021, Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly dividend of $0.20 per share, set to be paid on May 4, 2021. Shareholders must be on record by the close of business on April 12, 2021. Waterstone Financial is the holding company for WaterStone Bank, which offers a wide range of personal and business banking products across various branches in Wisconsin. Established in 1921, WaterStone Bank also operates Waterstone Mortgage, providing lending services in 48 states.
Waterstone Financial, Inc. (NASDAQ: WSBF) appointed Derek L. Tyus to its Board of Directors on February 8, 2021. Tyus, with extensive experience in financial markets and commercial real estate, aims to leverage his expertise for the organization's growth. He is currently the Chief Investment Officer at West Bend Mutual Insurance Company and has a robust background in investment and strategy. The Board, led by Chairman Pat Lawton, welcomes Tyus to enhance oversight and direction, emphasizing their commitment to community and diversity.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported a net income of $27.8 million for Q4 2020, significantly up from $8.8 million in Q4 2019. This translates to $1.17 earnings per diluted share versus $0.34 a year prior. For the full year, net income per diluted share reached $3.30, up from $1.37. The bank declared $1.28 in dividends per share and repurchased 203,000 shares at a cost of $3.5 million. The mortgage banking segment saw a 65% increase in loan originations, totaling $1.28 billion.
On December 17, 2020, Waterstone Financial, Inc. (NASDAQ: WSBF) declared a first quarter 2021 dividend of $0.20 per common share, marking a significant 66% increase from 2020. The dividend will be distributed on February 2, 2021, to shareholders recorded by January 11, 2021. CEO Doug Gordon emphasized the company's strong financial performance and commitment to delivering shareholder value. This increase reflects confidence in ongoing financial health and effective capital management.
On November 17, 2020, Waterstone Financial, Inc. (NASDAQ: WSBF) declared a special dividend of $0.30 per common share, reflecting strong year-to-date performance and a solid financial position. CEO Doug Gordon highlighted that this dividend, payable on December 8, 2020 to shareholders of record as of December 1, 2020, was accelerated due to impressive earnings. The company remains committed to delivering value through a robust dividend payout, showcasing effective capital management strategies.
Waterstone Financial, Inc. (NASDAQ: WSBF) announced a net income of $26.3 million ($1.08 per diluted share) for Q3 2020, up from $10.9 million ($0.42 per diluted share) in Q3 2019. Year-to-date net income per share increased to $2.15 from $1.03. The company repurchased approximately 800,000 shares for $12.3 million and declared dividends of $0.12 per share. Mortgage banking income surged by 100.2% to $73.1 million, while community banking faced challenges with a 3.1% drop in net interest income.
On September 22, 2020, Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly dividend of $0.12 per common share, set to be paid on November 2, 2020. Shareholders must be on record by the close of business on October 12, 2020. Waterstone Financial operates as a savings and loan holding company for WaterStone Bank, which offers a wide range of banking products across several locations in Wisconsin and a commercial lending office in Minneapolis, MN.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported net income of $20.9 million, or $0.85 per diluted share for Q2 2020, significantly up from $9.6 million, or $0.37 per diluted share in Q2 2019. The strong performance is attributed to record mortgage loan originations of over $1.1 billion, aiding nearly 5,000 homeowners. Key metrics include a return on average assets of 3.87% and an increase in average loans to $1.42 billion. However, the community banking segment saw a pre-tax income drop of 36.5%. The company declared dividends of $0.12 per share and repurchased $6.1 million of shares, reflecting a robust financial position.
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