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