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Mar 31, 2022
Waterstone Financial Q1 2022 Earnings Report
Reported a decrease in net income due to challenging economic conditions, while maintaining a strong loan pipeline and returning shareholder value through dividends and stock buybacks.
Key Takeaways
Waterstone Financial, Inc. reported a net income of $5.3 million, or $0.23 per diluted share, for the quarter ended March 31, 2022, compared to $21.3 million, or $0.89 per diluted share, for the quarter ended March 31, 2021.
Consolidated net income totaled $5.3 million, a decrease from $21.3 million in the same quarter last year.
Consolidated return on average assets was 1.00%, down from 3.99% in the prior year.
Dividends declared totaled $0.20 per common share.
Approximately 681,000 shares were repurchased at a cost of $13.8 million.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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