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Waterstone Financial Inc   (WSBF)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $11.1600 $-0.22 -1.933%
Day's High: $11.43 Week Perf: -3.54 %
Day's Low: $ 11.12 30 Day Perf: -14.22 %
Volume (M): 70 52 Wk High: $ 15.57
Volume (M$): $ 777 52 Wk Avg: $13.12
Open: $11.34 52 Wk Low: $9.62



 Market Capitalization (Millions $) 227
 Shares Outstanding (Millions) 20
 Employees 770
 Revenues (TTM) (Millions $) 131
 Net Income (TTM) (Millions $) 9
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 1

Waterstone Financial Inc
Waterstone Financial, Inc., a Maryland Corporation, ("New Waterstone") was organized in June 2013. Upon completion of the mutual-to-stock conversion of Lamplighter Financial, MHC in January 2014, New Waterstone became the holding company of WaterStone Bank SSB ("WaterStone Bank") and succeeded to all of the business and operations of Waterstone Financial, Inc., a Federal Corporation ("Waterstone-Federal") and each of Waterstone-Federal and Lamplighter Financial, MHC ceased to exist. In this report, we refer to WaterStone Bank, our wholly owned subsidiary, both before and after the reorganization, as "WaterStone Bank" or the "Bank."

WaterStone Bank conducts its community banking business from 11 banking offices located in Milwaukee, Washington and Waukesha Counties, Wisconsin, as well as a loan production office in Minneapolis, Minnesota. WaterStone Banks principal lending activity is originating one- to four-family and multi-family residential real estate loans for retention in its portfolio.

WaterStone Bank is subject to comprehensive regulation and examination by the Wisconsin Department of Financial Institutions (WDFI) and the Federal Deposit Insurance Corporation.

WaterStone Banks executive offices are located at 11200 West Plank Court, Wauwatosa, Wisconsin 53226, and its telephone number is (414) 761-1000. Its website address is www.wsbonline.com.

WaterStone Banks mortgage banking operations are conducted through its wholly-owned subsidiary, Waterstone Mortgage Corporation. Waterstone Mortgage Corporation originates single-family residential real estate loans for sale into the secondary market. Waterstone Mortgage Corporation utilizes lines of credit provided by WaterStone Bank as a primary source of funds, and also utilizes a line of credit with another financial institution as needed.

The scope of the discussion included under "Lending Activities" is limited to lending operations related to loans originated for investment. A discussion of the lending activities related to loans originated for sale is included under "Mortgage Banking Activities."

Wauwatosa Investments, Inc. is WaterStone Banks investment subsidiary headquartered in the State of Nevada. Wauwatosa Investments, Inc. manages the back office function for WaterStone Banks investment portfolio. Our Chief Financial Officer and Treasury Officer are responsible for executing purchase and sales in accordance with our investment policy and monitoring the investment activities of Wauwatosa Investments, Inc. The investment policy is reviewed annually by management and changes to the policy are recommended to and subject to the approval of our board of directors. Authority to make investments under the approved investment policy guidelines is delegated by the board to designated employees. While general investment strategies are developed and authorized by management, the execution of specific actions rests with the Chief Financial Officer and Treasury Officer who may act jointly in performing security trades. The Chief Financial Officer and Treasury Officer are responsible for ensuring that the guidelines and requirements included in the investment policy are followed and that all securities are considered prudent for investment. The Chief Financial Officer and the Treasury Officer are authorized to execute investment transactions (purchases and sales) without the prior approval of the board provided they are within the scope of the established Investment Policy.

Our investment policy requires that all securities transactions be conducted in a safe and sound manner. Investment decisions are based upon a thorough analysis of each security instrument to determine its quality, inherent risks, fit within our overall asset/liability management objectives, effect on our risk-based capital measurement and prospects for yield and/or appreciation.

Deposits have traditionally been our primary source of funds for use in lending and investment activities. We also rely on advances from the Federal Home Loan Bank of Chicago and borrowings from other commercial banks in the form of repurchase agreements collateralized by investment securities. In addition to deposits and borrowings, we derive funds from scheduled loan payments, investment maturities, loan prepayments, retained earnings and income on earning assets. While scheduled loan payments and income on earning assets are relatively stable sources of funds, deposit inflows and outflows can vary widely and are influenced by prevailing market interest rates, economic conditions and competition from other financial institutions.

A majority of our depositors are persons who work or reside in Milwaukee and Waukesha Counties and, to a lesser extent, other southeastern Wisconsin communities. We offer a selection of deposit instruments, including checking, savings, money market deposit accounts, and fixed-term certificates of deposit. Deposit account terms vary, with the principal differences being the minimum balance required, the amount of time the funds must remain on deposit and the interest rate. Our reliance on certificates of deposit has resulted in a higher cost of funds than would otherwise be the case if demand deposits, savings and money market accounts made up a larger part of our deposit base. Development of our branch network and expansion of our commercial products and services and aggressively seeking lower cost savings, checking and money market accounts are expected to result in decreased reliance on higher-cost certificates of deposit.



   Company Address: 11200 W Plank Ct Wauwatosa 53226 WI
   Company Phone Number: 761-1000   Stock Exchange / Ticker: NASDAQ WSBF
   


Customers Net Income fell by WSBF's Customers Net Profit Margin fell to

-4.24 %

11.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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• View Complete Report
   



Waterstone Financial Inc

WSBF Shows Break-Even Point in Fourth Quarter Earnings, But Revenue Declines Sharply

Financial News Report:
Waterstone Financial, Inc. (NASDAQ: WSBF) reported its financial results for the fourth quarter of 2023, revealing a break-even point of $0.00 per share. This represents a significant improvement compared to the $0.04 per share loss experienced in the same quarter the previous year. Additionally, it shows a decline from the $0.16 per share earned in the preceding reporting period.
However, the company witnessed a sharp drop in revenue, with a decrease of -60.614% to $29.07 million compared to $73.80 million in the comparable reporting period a year ago. Sequentially, the revenue deteriorated by -13.937% from $33.77 million.

Dividend

Waterstone Financial Boosts Shareholder Value With Regular Quarterly Dividend Amidst Solid Stock Performance

Published Thu, Dec 21 2023 10:15 PM UTC

Waterstone Financial Declares Regular Quarterly Cash Dividend
Waterstone Financial, Inc. (NASDAQ: WSBF) recently announced the declaration of a regular quarterly cash dividend of $0.15 per common share. The announcement was made by the company's Board of Directors on December 21, 2023. Shareholders will be able to benefit from this dividend, which will be payable on Febr...

Waterstone Financial Inc

Revised headline: Waterstone Financial Inc Faces Significant Challenges During Q3 2023 Earnings Season

Waterstone Financial Inc (WSBF) has recently released its financial results for the interval ending September 30, 2023, and the figures paint a bleak picture for the company. Net profit per share has plummeted by -36% to $0.16 per share compared to $0.25 per share in the previous year. Additionally, there has been a decrease of -20% in income from $0.20 per share in the prior reporting period. This sharp decline in profitability is a cause for concern for investors.
The revenue for Waterstone Financial Inc has also taken a hit, dropping by -20.476% to $33.77 million from $42.47 million in the same period last year. Furthermore, there was a sequential decrease of -6.22% from $36.01 million. This decline in revenue indicates that the company is struggling to generate sales and maintain its market position.

Dividend

Waterstone Financial: Sharpening Profitability and Unleashing Shareholder Value Through Strategic Capital Allocation

Published Tue, Sep 26 2023 8:01 PM UTC



Waterstone Financial, Inc. (Waterstone), a leading financial institution based in Wauwatosa, Wisconsin, has recently made an important strategic decision to reduce its dividend payout as part of an overarching initiative to optimize capital allocation. This move is aimed at enhancing shareholder value through stock buybacks, which are expected to generate long-term...

Waterstone Financial Inc

Waterstone Financial Inc Reports Substantial Revenue Drop in Q2 2023 Amidst an Improved S&Ls Savings Banks Sector Performance

Waterstone Financial Inc, a leading financial institution, has reported its fiscal results for the period ending June 30, 2023. Unfortunately, the company experienced a significant decline in net profit per share, which plummeted by 44.44% to $0.20 per share compared to $0.36 per share in the same period last year. Furthermore, the company's bottom-line also suffered, with a decrease of 49.85% to $4.007 million from $7.990 million in the corresponding period a year ago.
The drop in net profit per share can be concerning for investors, as it indicates a decrease in the company's profitability. However, it is important to note that the company's EPS saw a significant increase of 100% from the preceding quarter, reaching $0.10 per share. While this may offer some hope for a positive turnaround, it is essential to closely monitor future financial reports for a more accurate assessment.






 

Waterstone Financial Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Waterstone Financial Inc does not provide revenue guidance.

Earnings Outlook
Waterstone Financial Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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