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Stock impact report

Waterstone Financial, Inc. Announces Results of Operations for the Quarter Ended March 31, 2018

Waterstone Financial, Inc. (WSBF) 
Last waterstone financial, inc. earnings: 4/28 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/wauwatosaholdings
Company Research Source: GlobeNewswire
WAUWATOSA, Wis., April 24, 2018 (GLOBE NEWSWIRE) -- Waterstone Financial, Inc. (NASDAQ:WSBF), holding company for WaterStone Bank, reported net income of $7.0 million, or $0.25 per diluted share for the quarter ended March 31, 2018 compared to $6.6 million, or $0.24 per diluted share for the quarter ended March 31, 2017.     “We accomplished a record first quarter net income led by a 23.9% increase in earnings of our Community Banking segment,” said Douglas Gordon, CEO of Waterstone Financial, Inc. “The positive impact of continued strong loan growth and an increase in net interest margin were compounded by a reduction of the federal income tax rate, which lead to our first quarter success.  The Mortgage Banking segment faced continued margin compression into the first quarter of 2018, as competition remains strong within the industry to maintain market share.  As a result of our strong earnings and ample capital, we were able to declare dividends totaling $0.62 per share to our sh Show less Read more
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