Waterstone Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 25, 2023 at 04:00 pm EDT
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Waterstone Financial, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 12.68 million compared to USD 14.08 million a year ago. Net income was USD 4.01 million compared to USD 7.99 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.36 a year ago.
For the six months, net interest income was USD 26.47 million compared to USD 25.95 million a year ago. Net income was USD 6.16 million compared to USD 13.28 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.58 a year ago.
Waterstone Financial, Inc. is the savings and loan holding company for WaterStone Bank SSB (the Bank). The Bank offers a suite of personal and business banking products. The Company's segments include community banking and mortgage banking. The community banking segment provides consumer and business banking products and services to customers. Its consumer products include loan products, deposit products, and personal investment services. Its business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The mortgage banking segment, which is conducted through Waterstone Mortgage Corporation, consists of originating residential mortgage loans primarily for sale in the secondary market. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Milwaukee/Oklahoma Ave, Oak Creek/Howell Ave and various others.