NASDAQ$WSBF

Waterstone Financial Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported a decrease in net income due to headwinds in the mortgage banking segment.

Waterstone Financial reported net income of $5.3 million, or $0.25 per diluted share, for the quarter ended September 30, 2022. The community banking segment showed strong loan growth, but the mortgage banking segment faced significant headwinds due to increased rates and declining demand.

  • Net income was $5.3 million, or $0.25 per diluted share.
  • Community banking segment experienced strong loan growth.
  • Net interest income increased and margin expanded in the community banking segment.
  • Mortgage banking segment faced headwinds due to increased rates and declining demand, resulting in a pre-tax loss of $1.8 million.

Headline financials

Total Revenue

$42.8M

Previous: $67.1M-36.2%
EPS (adj)

$0.25

Previous: $0.79-68.4%
Capital Expenditures

-$641K

Previous: -$656K+2.3%
Free Cash Flow

$4.63M

Previous: $18.3M-74.8%
Net Income

$5.27M

Previous: $19M-72.3%
Operating Income

$35M

Previous: $63.4M-44.8%
Gross Profit

$42.5M

Previous: $67.1M-36.7%
Cash & Equivalents

$37.2M

Previous: $347M-89.3%
Total Assets

$1.98B

Previous: $2.23B-11.6%
Stock-Based Comp

$138K

Previous: $194K-28.9%

Revenue & EPS history

Waterstone Financial · Revenue · Quarterly

$42.8M

Q3 2022-36.2%vs Q3 2021
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

Waterstone Financial · $500K total across 2 segments · Q4 2022

  • Community Banking
    $7M
  • Mortgage Banking
    -$6.5M

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 Q3 2022

Historical avgQ3 2022

+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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