NASDAQ$WSBF
Waterstone Financial Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income due to challenges from rising interest rates and an inverted yield curve, while returning capital to shareholders through share repurchases and dividends.
Waterstone Financial, Inc. reported a net income of $3.3 million, or $0.16 per diluted share, for the quarter ended September 30, 2023, compared to $5.3 million, or $0.25 per diluted share, for the quarter ended September 30, 2022. The Community Banking Segment showed strong asset quality and growth in loans and deposits, while the Mortgage Banking segment was negatively impacted by industry challenges.
- Net income decreased to $3.3 million, or $0.16 per diluted share, compared to $5.3 million, or $0.25 per diluted share, in the same quarter last year.
- Community Banking Segment pre-tax income decreased by 33.8% to $5.7 million.
- Mortgage Banking Segment pre-tax loss totaled $2.1 million, compared to $1.8 million loss in the same quarter last year.
- Returned $9.6 million to shareholders through share repurchases and dividends.
Headline financials
Revenue & EPS history
Waterstone Financial · Revenue · Quarterly
$34.2M
Revenue by segment
Waterstone Financial · $500K total across 2 segments · Q4 2022
- Community Banking$7M—1400.0%
- Mortgage Banking-$6.5M—-1300.0%
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 2023
+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
| Quarter | Report date | Reaction (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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