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Dec 31, 2024
Waterstone Financial Q4 2024 Earnings Report
Waterstone Financial reported net income for Q4 2024, driven by loan growth and strong asset quality.
Key Takeaways
Waterstone Financial, Inc. reported a net income of $5.2 million, or $0.28 per diluted share, for the quarter ended December 31, 2024, compared to a net loss of $40,000 for the same quarter in the previous year. The company saw improvements in its Community Banking segment and maintained profitability in its Mortgage Banking segment through cost control.
Net income was $5.2 million, or $0.28 per diluted share, compared to a net loss of $40,000 in the prior year.
Community Banking segment pre-tax income increased by 26.0% to $6.7 million.
Mortgage Banking segment reduced pre-tax loss to $625,000 from $6.0 million in the prior year.
Past due loans as a percentage of total loans was 0.95%.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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