NASDAQ$WSBF

Waterstone Financial Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Waterstone Financial reported increased net income due to record pre-tax income.

Waterstone Financial, Inc. reported a net income of $8.8 million, or $0.34 per diluted share, for the quarter ended December 31, 2019, compared to $5.7 million, or $0.21 per diluted share, for the quarter ended December 31, 2018. The record $11.8 million in consolidated 4th quarter pre-tax income represents a 62.2% increase over the prior year’s comparable quarter.

  • Consolidated net income totaled $8.8 million for the quarter ended December 31, 2019, compared to $5.7 million for the quarter ended December 31, 2018.
  • Consolidated return on average assets was 1.75% for the quarter ended December 31, 2019 compared to 1.18% for the quarter ended December 31, 2018.
  • Consolidated return on average equity was 8.91% for the quarter ended December 31, 2019 and 5.58% for the quarter ended December 31, 2018.
  • Pre-tax income for the Community Banking segment totaled $8.3 million, representing a 10.5% increase compared to Q4 2018.

Headline financials

Total Revenue

$13.1M

Previous: $13.5M-2.5%
EPS (adj)

$0.34

Previous: $0.21+61.9%
Return on Avg. Assets

1.8%

Previous: 1.2%+48.3%
Return on Avg. Equity

8.9%

Previous: 5.6%+59.7%
Net Interest Margin

2.8%

Previous: 3.0%-6.7%
Efficiency Ratio

46.2%

Previous: 48.7%-5.1%
Past Due Loans to Loans

0.5%

Previous: 0.5%-6.0%
Nonperforming Assets to Assets

0.4%

Previous: 0.5%-13.3%
Loan Originations

$777M

No prior period
Gross Margin on Loans Sold

4.3%

No prior period
Capital Expenditures

$867K

Previous: $2.71M-67.9%
Free Cash Flow

$27.2M

Previous: $64M-57.5%
Net Income

$8.79M

Previous: $5.68M+54.9%
Operating Income

$11.8M

No prior period
Cash & Equivalents

$74.3M

Previous: $86.1M-13.7%
Total Assets

$2B

Previous: $1.92B+4.2%
Stock-Based Comp

$235K

Previous: $433K-45.7%

Revenue & EPS history

Waterstone Financial · Revenue · Quarterly

$13.1M

Q4 2019-2.5%vs Q4 2018
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Waterstone Financial · $13.1M total across 2 segments · Q4 2019

  • Community Banking
    $13.5M
  • Mortgage Banking
    -$399K

Forward guidance

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

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 Q4 2019

Historical avgQ4 2019

+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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