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) 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.
Waterstone Financial, Inc. (NASDAQ: WSBF) announced a quarterly dividend of $0.20 per share on September 21, 2021. This dividend is scheduled for payment on November 2, 2021, to shareholders recorded by October 11, 2021. Waterstone Financial is the holding company for WaterStone Bank, which offers a range of banking services through its multiple branches in Wisconsin and the ability to lend in 48 states.
Waterstone Financial, Inc. achieved the top ranking in Bank Director’s 2021 Bank Performance Scorecard, which evaluates the largest U.S. exchange-traded banks based on profitability, asset quality, and capital adequacy.
This recognition underscores the bank's strong performance, notably in its mortgage segment, which originated a record $4.5 billion in residential home loans. Additionally, the community banking division reported a 47% growth in transactional core deposits. The bank launched a new digital banking platform and opened its 14th branch during its 100th anniversary.
Waterstone Financial, Inc. (NASDAQ: WSBF) announced a net income of $17.9 million ($0.74 per diluted share) for Q2 2021, down from $20.9 million ($0.85 per diluted share) in Q2 2020. Year-to-date, net income per diluted share increased to $1.64, compared to $1.08 in 2020. A special dividend of $0.50 was declared. Key metrics included a 106.4% rise in pre-tax income for the Community Banking segment and a decrease in loan originations by 6.8% in the Mortgage Banking segment. Average deposits grew by 9.2% year-over-year. However, the efficiency ratio improved slightly to 44.79% from 45.86% in Q2 2020.
On June 15, 2021, the Board of Directors of Waterstone Financial declared a quarterly dividend of $0.20 per common share. This dividend is payable on August 3, 2021, to shareholders of record by the close of business on July 12, 2021. Waterstone Financial operates WaterStone Bank, established in 1921, which provides a wide range of banking products across multiple branches in Wisconsin. They also own Waterstone Mortgage, which offers lending services in 48 states.
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.
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