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Jun 30, 2021
Waterstone Financial Q2 2021 Earnings Report
Net income decreased year-over-year, but the company declared and paid a special dividend and repurchased shares.
Key Takeaways
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.
Revenue by Segment
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
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Avg. Return Before/After Earnings
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