In the Q2, Waterstone Financial Inc 's corporate clients experienced a decline by -12.63 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.57 %. During the corresponding time, Waterstone Financial Inc recorded a revenue increase by 5.17 % year on year, sequentially revenue grew by 12.95 %. While revenue at the Waterstone Financial Inc 's corporate clients recorded rose by 2.04 % year on year, sequentially revenue grew by 19.19 %.
Customers of Waterstone Financial Inc saw their costs of revenue decline by -12.63 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.57 %, for the same period Waterstone Financial Inc recorded revenue increase by 5.17 % year on year, sequentially revenue grew by 12.95 %.
Waterstone Financial Inc's Comment on Sales, Marketing and Customers
WaterStone Bank operates 14 banking offices primarily serving customers in Milwaukee, Washington, and Waukesha counties, Wisconsin. The bank focuses on community banking and originates one- to four-family, multi-family residential, and commercial real estate loans for retention. Its loan products also include home equity loans, lines of credit, construction and land loans, commercial business loans, and consumer loans. Waterstone Mortgage Corporation, a wholly-owned subsidiary, operates 55 offices across 24 states and originates single-family residential real estate loans for sale in the secondary market. WaterStone Bank funds its loan production primarily through retail deposits, brokered deposits, and advances from the Federal Home Loan Bank. Deposit products offered include certificates of deposit, money market savings accounts, transaction deposit accounts, noninterest bearing demand accounts, and individual retirement accounts. Wauwatosa Investments, Inc., another wholly-owned subsidiary, manages the bank’s investment portfolio. Main Street Real Estate Holdings, LLC previously owned and held leases for WaterStone Bank office facilities.
Waterstone Financial Inc’s Comment on Sales, Marketing and Customers
WaterStone Bank operates 14 banking offices primarily serving customers in Milwaukee, Washington, and Waukesha counties, Wisconsin. The bank focuses on community banking and originates one- to four-family, multi-family residential, and commercial real estate loans for retention. Its loan products also include home equity loans, lines of credit, construction and land loans, commercial business loans, and consumer loans. Waterstone Mortgage Corporation, a wholly-owned subsidiary, operates 55 offices across 24 states and originates single-family residential real estate loans for sale in the secondary market. WaterStone Bank funds its loan production primarily through retail deposits, brokered deposits, and advances from the Federal Home Loan Bank. Deposit products offered include certificates of deposit, money market savings accounts, transaction deposit accounts, noninterest bearing demand accounts, and individual retirement accounts. Wauwatosa Investments, Inc., another wholly-owned subsidiary, manages the bank’s investment portfolio. Main Street Real Estate Holdings, LLC previously owned and held leases for WaterStone Bank office facilities.
Sources:
Waterstone Financial Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Waterstone Financial Inc’s corporate clients.
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