Trade Waterstone Financial Inc - WSBF CFD

Waterstone Company profile

About Waterstone Financial Inc

Waterstone Financial, Inc. is a community bank. The Company subsidiary includes WaterStone Bank SSB (the Bank). The Bank’s principal lending activity is originating one- to four-family, multi-family residential real estate and commercial real estate loans for retention in its portfolio. It operates through two segments: community banking and mortgage banking. The community banking segment provides consumer and business banking products and services to customers primarily within South-eastern Wisconsin. Within this segment, it provides various products and services, including lending solutions, deposit and transactional solutions, investable funds solutions, and fixed and variable annuities, insurance as well as trust and investment management accounts. The mortgage banking segment provides residential mortgage loans for the primary purpose of sale on the secondary market. Mortgage banking products and services are provided by offices in 21 states with the ability to lend in 48 states.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Waterstone Financial Inc interest income decreased 11% to $69.9M. Net interest income after loan loss provision increased 11% to $59.5M. Net income decreased 13% to $70.8M. Net interest income after loan loss provision reflects Community Banking segment increase of 10% to $60.2M, Holding Company & Other segment increase from $55K to $116K, Net Interest Spread.

Equity composition

Common Stock $.01 Par, 03/11, 200M auth., 33,974,450 issd., less 2,724,353 shs. in Treas. @ Cost. Insiders own 75.85%. IPO:10/5/05, 8,797,500 @ $10 per share by Keefe, Bruyette & Woods. 08/08, Name changed from Wauwatosa Holdings, Inc. 01/14, 1.0973-for-1 Exchange offer.