Waterstone Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 04:01 pm EDT
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Waterstone Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 11.99 million compared to USD 15.4 million a year ago. Net income was USD 3.25 million compared to USD 5.27 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.25 a year ago.
For the nine months, net interest income was USD 38.46 million compared to USD 41.34 million a year ago. Net income was USD 9.42 million compared to USD 18.55 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.83 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.