Waterstone Financial ( (WSBF) ) has released its Q4 earnings. Here is a breakdown of the information Waterstone Financial presented to its investors.
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Waterstone Financial, Inc., operating primarily in the banking sector, serves as the holding company for WaterStone Bank, which offers a comprehensive range of personal and business banking solutions and is headquartered in Wauwatosa, Wisconsin. In its latest earnings report, Waterstone Financial, Inc. revealed a notable turnaround with a net income of $5.2 million for the fourth quarter of 2024, compared to a slight net loss in the same period of the previous year. This positive shift was reflected in the annual earnings, with a net income per diluted share rising to $1.01 from $0.46 in 2023. Key performance metrics for the period ending December 31, 2024, included a return on average assets of 0.94% and a return on average equity of 6.05%, both significant improvements from the prior year’s figures. The company also declared dividends of $0.15 per share during the quarter and actively repurchased shares, signaling a commitment to shareholder value. The Community Banking segment reported a healthy increase in pre-tax income by 26%, driven by higher net interest income and a rise in average loans held for investment. However, challenges persisted in the Mortgage Banking segment, which incurred a reduced pre-tax loss, though loan originations and non-interest income saw modest growth. Looking ahead, Waterstone Financial’s management expresses optimism in building upon the successes of 2024, while acknowledging the persistent challenges posed by the current interest rate environment. The company remains focused on maintaining asset quality and enhancing shareholder returns through strategic initiatives.
