Waterstone Financial, Inc. (WSBF)

Waterstone Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	103.66	103.07	90.15	62.94	64.37	72.63
Interest Income on Investments	10.36	10.1	9.06	7.31	5.52	5.85
Total Interest Income	114.02	113.17	99.21	70.25	69.88	78.48
Interest Paid on Deposits	42.94	40.57	25.74	4.86	4.42	14.37
Interest Paid on Borrowings	23.48	26.43	23.26	8.43	9.95	10.62
Total Interest Expense	66.41	67	48.99	13.29	14.37	24.98
Net Interest Income	47.61	46.17	50.22	56.95	55.52	53.5
Net Interest Income Growth (YoY)	0.10%	-8.06%	-11.83%	2.59%	3.77%	2.50%
Mortgage Banking Activities	79.23	83.57	75.69	99.56	191.04	233.25
Gain (Loss) on Sale of Assets	0.15	0.15	0.58	-	4.03	0.6
Other Non-Interest Income	5.77	5.59	4.92	6	8.13	10.17
Total Non-Interest Income	85.15	89.3	81.19	105.56	203.2	244.02
Non-Interest Income Growth (YoY)	1.52%	10.00%	-23.09%	-48.05%	-16.73%	86.63%
Revenues Before Loan Losses	132.76	135.47	131.4	162.51	258.71	297.52
Provision for Loan Losses	-0.79	-0.17	0.66	0.97	-3.99	6.34
Revenue	133.55	135.64	130.74	161.54	262.7	291.18
Revenue Growth (YoY)	1.81%	3.74%	-19.06%	-38.51%	-9.78%	58.38%
Salaries and Employee Benefits	76.51	79.34	82.36	97.09	132.24	136.65
Occupancy Expenses	7.39	7.57	8.32	8.71	9.61	10.22
Selling, General & Administrative	15.19	14.37	13.84	13.92	12.94	19.47
Other Non-Interest Expense	11.34	10.32	15.18	17.32	15.8	16.72
Total Non-Interest Expense	110.44	111.64	119.71	137.06	170.59	183.06
EBT Excluding Unusual Items	23.12	24	11.03	24.48	92.11	108.12
Pretax Income	23.12	24	11.03	24.48	92.11	108.12
Income Tax Expense	4.43	5.31	1.66	4.99	21.32	26.97
Net Income	18.69	18.69	9.38	19.49	70.79	81.15
Net Income to Common	18.69	18.69	9.38	19.49	70.79	81.15
Net Income Growth	82.16%	99.34%	-51.89%	-72.47%	-12.76%	126.01%
Basic Shares Outstanding	18	19	20	22	24	24
Diluted Shares Outstanding	18	19	20	22	24	25
Shares Change (YoY)	-6.65%	-7.96%	-8.24%	-8.03%	-2.75%	-6.25%
EPS (Basic)	1.02	1.01	0.47	0.89	2.98	3.32
EPS (Diluted)	1.02	1.01	0.46	0.89	2.96	3.30
EPS Growth	95.86%	118.94%	-48.32%	-69.93%	-10.30%	140.88%
Dividend Per Share	0.600	0.600	0.700	0.800	0.800	0.560
Dividend Growth	-7.69%	-14.29%	-12.50%	-	42.86%	16.67%
Effective Tax Rate	19.16%	22.14%	15.02%	20.39%	23.14%	24.95%

Updated Apr 22, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q