NASDAQ$WSBF

Waterstone Financial Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net income decreased year-over-year, but the company declared and paid a special dividend and repurchased shares.

Waterstone Financial, Inc. reported a decrease in net income for the quarter ended June 30, 2021, compared to the same quarter in the previous year, but declared a special dividend of $0.50 per share and repurchased approximately 59,000 shares during the quarter.

  • Consolidated net income totaled $17.9 million, compared to $20.9 million for the same quarter last year.
  • Consolidated return on average assets was 3.25%, compared to 3.87% for the same quarter last year.
  • Consolidated return on average equity was 16.49%, compared to 22.39% for the same quarter last year.
  • Dividends declared totaled $0.70 per common share, including a $0.50 special dividend.

Headline financials

Total Revenue

$66.3M

Previous: $80.2M-17.3%
EPS (adj)

$0.74

Previous: $0.85-12.9%
Return on Avg. Assets

3.3%

Previous: 3.9%-16.0%
Return on Avg. Equity

16.5%

Previous: 22.4%-26.4%
Efficiency Ratio

44.8%

Previous: 45.9%-2.3%
Past Due Loans to Loans

0.5%

Previous: 0.5%+17.8%
Nonperforming Assets to Assets

0.2%

Previous: 0.3%-28.6%
Capital Expenditures

-$635K

Previous: -$478K-32.8%
Free Cash Flow

$17.3M

Previous: $20.5M-15.7%
Net Income

$17.9M

Previous: $20.9M-14.6%
Operating Income

$58.8M

Previous: $71.1M-17.2%
Gross Profit

$66.3M

Previous: $79.9M-17.0%
Cash & Equivalents

$217M

Previous: $64.9M+234.5%
Total Assets

$2.2B

Previous: $2.22B-0.7%
Stock-Based Comp

$195K

Previous: $175K+11.4%

Revenue & EPS history

Waterstone Financial · Revenue · Quarterly

$66.3M

Q2 2021-17.3%vs Q2 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Waterstone Financial · $66.5M total across 2 segments · Q2 2021

  • Mortgage Banking
    $50.3M-21.7%
  • Community Banking
    $16.1M+450.0%

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, including changes in interest rates, demand for products and services, competition, banking regulation, tax laws, technological advances, governmental and regulatory policy changes, the outcomes of contingencies, customer behavior, local real estate values, and the national and local economies, including the impact of COVID-19.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.2%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.9%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+18.8%

Q2 2011

Best reaction

-10.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.3%-0.3%+1.9%
Q4 2025+7.8%+9.2%+4.6%
Q3 2025-2.6%-2.9%-0.6%
Q2 2025-2.0%-0.3%+2.4%
Q1 2025+0.1%+0.5%+4.4%
Q4 2024+7.4%+0.7%+5.2%
Q3 2024+3.2%-0.7%+4.6%
Q2 2024+5.5%+1.7%+4.0%
Q1 2024+2.5%+6.5%+3.8%
Q4 2023-7.3%-13.1%-11.8%
Q3 2023+0.7%+4.6%+22.3%
Q2 2023-5.8%-6.2%-17.5%
Q1 2023-1.7%-3.4%-4.7%
Q4 2022-8.1%-6.5%-6.4%
Q3 2022-1.8%-0.4%-1.7%
Q2 2022+2.1%+5.6%+2.9%
Q1 2022-10.4%-14.3%-15.2%
Q4 2021-2.3%-2.1%-6.2%
Q3 2021-1.2%+0.0%+6.6%
Q2 2021+2.0%+3.4%+5.1%
Q1 2021-3.7%-3.7%-4.7%
Q4 2020+0.8%+2.8%+6.1%
Q3 2020-3.2%-0.8%+7.9%
Q2 2020+6.0%+8.6%+11.0%
Q1 2020+9.4%+6.5%+13.0%
Q4 2019-1.4%-1.2%-6.2%
Q3 2019+5.9%+7.3%+8.0%
Q2 2019+1.4%+0.9%-3.3%
Q1 2019+3.2%+3.7%+2.7%
Q4 2018-5.5%-0.5%+1.7%
Q3 2018-0.9%+0.5%+0.8%
Q2 2018+0.0%-0.3%-0.9%
Q1 2018+0.0%-1.4%-0.9%
Q4 2017-0.6%+0.0%+1.2%
Q3 2017+1.8%+2.3%-5.1%
Q2 2017+0.0%-1.3%-7.3%
Q1 2017+0.8%+5.0%-1.6%
Q4 2016-3.1%-0.3%-6.3%
Q3 2016+2.4%+0.0%+10.0%
Q2 2016+0.4%+0.4%+6.1%
Q1 2016+1.5%
Q4 2015-0.1%
Q3 2015+0.1%
Q2 2015-1.0%
Q1 2015+0.1%
Q4 2014+1.3%
Q3 2014+0.6%
Q3 2013+0.6%
Q2 2013+0.9%
Q2 2014+0.9%
Q3 2012+0.8%
Q1 2014+0.8%
Q4 2011-0.5%
Q4 2013-0.5%
Q4 2012-0.5%
Q1 2013+1.2%
Q2 2012+0.0%
Q1 2012+3.1%
Q3 2011+0.4%
Q2 2011+18.8%
Q1 2011+0.4%
Q4 2010-2.3%
Q3 2010-0.5%
Q2 2010-2.9%
Q1 2010-9.9%

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