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Dec 31, 2020
Waterstone Financial Q4 2020 Earnings Report
Waterstone Financial reported record profits for the third consecutive quarter, driven by synergies between its community bank and mortgage subsidiary.
Key Takeaways
Waterstone Financial, Inc. reported a significant increase in net income for the quarter ended December 31, 2020, with net income reaching $27.8 million, or $1.17 per diluted share, compared to $8.8 million, or $0.34 per diluted share, for the same quarter in the previous year.
Consolidated net income totaled $27.8 million, a significant increase from $8.8 million in the same quarter of the previous year.
Consolidated return on average assets was 4.96%, a substantial increase from 1.75% in the prior year.
Consolidated return on average equity reached 27.11%, compared to 8.91% in the same period last year.
Dividends declared totaled $0.50 per share, including a quarterly dividend of $0.20 and a special dividend of $0.30, representing a 66.7% increase in the quarterly dividend rate.
Revenue by Segment
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Avg. Return Before/After Earnings
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