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 (NASDAQ: WSBF) reported Q1 2025 net income of $3.0 million ($0.17 per diluted share), matching the same period in 2024 ($0.16 per diluted share). The Community Banking segment showed strong performance with a 6.9% increase in net interest income and a 32 bps improvement in net interest margin.
Key highlights include:
- Community Banking pre-tax income increased 41.7% to $6.1 million
- Net interest margin rose to 2.47%
- Average core retail deposits grew 7.4% to $1.28 billion
- Company repurchased 237,000 shares at $13.37 per share
- Quarterly dividend maintained at $0.15 per share
The Mortgage Banking segment faced challenges, reporting a pre-tax loss of $2.2 million due to decreased loan origination volumes (-20.1%) and elevated legal expenses from a settlement. Book value per share increased to $17.70 from $17.53 in December 2024.
Waterstone Financial (WSBF) has announced the retirement of Director Michael Hansen, who has served on the company's board since 2003. Hansen currently chairs the Audit Committee and serves on both the Board Executive Committee and Nominating and Corporate Governance Committee.
Hansen will continue in his current roles during a transition period until a successor is elected to the Board of Directors. During this transition, he plans to sell company shares as part of his retirement and estate planning strategy.
Board Chairman Patrick Lawton acknowledged Hansen's 22 years of service, highlighting his leadership and vital contributions to the company, particularly in his role leading the Audit Committee.
Waterstone Financial (NASDAQ: WSBF) has announced its Board of Directors approved a regular quarterly cash dividend of $0.15 per common share on March 20, 2025. The dividend will be distributed to shareholders on May 1, 2025, with eligibility extended to stockholders of record as of the close of business on April 8, 2025.
Waterstone Financial (WSBF) reported net income of $5.2 million ($0.28 per diluted share) for Q4 2024, compared to a net loss of $40,000 in Q4 2023. Full-year 2024 earnings were $1.01 per diluted share, up from $0.46 in 2023.
The Community Banking segment saw pre-tax income increase 26% to $6.7 million, with net interest income rising 6.9% to $12.9 million. Average loans held for investment reached $1.68 billion, up 1.3% year-over-year.
The Mortgage Banking segment reported a reduced pre-tax loss of $625,000 compared to a $6.0 million loss in Q4 2023. Loan originations increased 2.7% to $470.7 million, with purchase activity accounting for 82.1% of originations.
The company maintained shareholder returns through dividends of $0.15 per share and repurchased approximately 194,000 shares at $14.43 per share during Q4 2024.
Waterstone Financial (NASDAQ: WSBF) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share. The dividend will be paid on February 3, 2025, to shareholders who are recorded as holders at the close of business on January 8, 2025.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported net income of $4.7 million, or $0.26 per diluted share, for Q3 2024, compared to $3.3 million, or $0.16 per diluted share, in Q3 2023. The company's Community Banking segment saw growth in loan and core deposit balances, while maintaining strong asset quality metrics. The Mortgage Banking segment experienced a decrease in fundings but remained profitable due to cost control measures.
Key highlights include:
- Consolidated return on average assets: 0.83% (Q3 2024) vs 0.58% (Q3 2023)
- Dividends declared: $0.15 per common share
- Share repurchases: ~71,000 shares at $13.75 per share
- Book value per share: $17.58 (September 30, 2024)
- Community Banking pre-tax income: $5.6 million
- Mortgage Banking pre-tax income: $144,000
Waterstone Financial (NASDAQ: WSBF) has announced a regular quarterly cash dividend of $0.15 per common share. This dividend was declared by the company's Board of Directors on September 24, 2024. Shareholders who are on record at the close of business on October 8, 2024, will be eligible to receive the dividend. The payment is scheduled for November 1, 2024.
This announcement demonstrates Waterstone Financial's commitment to providing regular returns to its shareholders. The declaration of a quarterly dividend can be seen as a positive sign of the company's financial health and its ability to generate consistent cash flow.
Waterstone Financial, Inc. (NASDAQ: WSBF) reported improved financial results for Q2 2024. Net income increased to $5.7 million ($0.31 per diluted share), up from $4.0 million ($0.20 per diluted share) in Q2 2023. The company's consolidated return on average assets rose to 1.02% from 0.74% year-over-year, while return on average equity improved to 6.84% from 4.41%.
The Community Banking segment faced challenges with net interest income decreasing by 15.1% to $11.2 million, and net interest margin declining by 46 basis points to 2.01%. However, average loans held for investment increased by 5.1% to $1.67 billion.
The Mortgage Banking segment showed significant improvement, with pre-tax income of $2.0 million compared to a $1.4 million loss in Q2 2023. Loan originations increased by 1.7% to $634.1 million, with purchase activity accounting for 92.7% of originations.
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.
