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Waterstone Finl Inc Md - WSBF STOCK NEWS

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.

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Waterstone Financial, Inc. (NASDAQ: WSBF) announced an expansion of its share repurchase program, authorizing the repurchase of up to an additional 2,000,000 shares of common stock. The total shares available for repurchase now stand at 2,224,852, representing approximately 11.2% of the company's issued and outstanding shares as of April 23, 2024. The timing and method of repurchases will depend on various factors, with the program subject to suspension, termination, or modification at any time.
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Waterstone Financial, Inc. (WSBF) announces a regular quarterly cash dividend of $0.15 per common share scheduled for payment on May 1, 2024.
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Waterstone Financial, Inc. reported a net loss of $40,000 for the quarter ended December 31, 2023, compared to net income of $935,000 for the same period in 2022. The company's Community Banking segment experienced a decrease in pre-tax income and net interest income, driven by a rise in short-term interest rates and an inverted yield curve. The Mortgage Banking segment also faced challenges with declining mortgage origination volumes and compressed margins. Despite these difficulties, the company's strong asset quality and robust level of capital allowed them to provide strong shareholder returns throughout 2023. Waterstone Financial, Inc. declared dividends of $0.70 per share and repurchased 1.9 million shares of their stock at an average price well below their current book value per share. However, the company experienced a negative return on average assets and equity, as well as a decrease in net interest margin for both segments.
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Waterstone Financial, Inc. (NASDAQ: WSBF) declares a regular quarterly cash dividend of $0.15 per common share, payable on February 1, 2024, to shareholders of record at the close of business on January 8, 2024.
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Waterstone Financial, Inc. reported a decrease in net income for the quarter ended September 30, 2023 compared to the same period last year. The Mortgage Banking segment was negatively impacted by industry challenges, while the Community Banking segment maintained strong asset quality metrics and achieved growth in loans and deposits. The company returned $9.6 million to shareholders through share repurchases and dividends declared.
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Waterstone Financial, Inc. announced that CEO Douglas S. Gordon will retire on December 31, 2023. William F. Bruss will be the next CEO starting January 1, 2024. Gordon will remain on the board of directors. Bruss, currently the President of the company and the bank, expressed gratitude and excitement for the opportunity to lead Waterstone.
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Waterstone Finl Inc Md

Nasdaq:WSBF

WSBF Rankings

WSBF Stock Data

240.05M
15.61M
18.96%
51.52%
0.37%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States
WAUWATOSA