Loading...
•
Sep 30, 2022
Waterstone Financial Q3 2022 Earnings Report
Reported a decrease in net income due to headwinds in the mortgage banking segment.
Key Takeaways
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...