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Dec 31, 2022
Waterstone Financial Q4 2022 Earnings Report
Reported mixed results with community banking showing loan growth while mortgage banking faced challenges.
Key Takeaways
Waterstone Financial, Inc. reported a net income of $935,000, or $0.04 per diluted share, for the quarter ended December 31, 2022, a decrease compared to $12.6 million, or $0.53 per diluted share, for the quarter ended December 31, 2021. The community banking segment experienced loan growth, while the mortgage banking segment faced lower volumes and declining margins.
Net income was $935,000, or $0.04 per diluted share, for Q4 2022, compared to $12.6 million, or $0.53 per diluted share, for Q4 2021.
Community banking segment achieved excellent loan growth.
Mortgage banking segment lagged with lower volumes and declining margins.
Net interest income grew due to loan portfolio additions and efficient cash utilization.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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