Waterstone Financial, Inc. (WSBF)

Waterstone Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	103.07	90.15	62.94	64.37	72.63
Interest Income on Investments	10.1	9.06	7.31	5.52	5.85
Total Interest Income	113.17	99.21	70.25	69.88	78.48
Interest Paid on Deposits	40.57	25.74	4.86	4.42	14.37
Interest Paid on Borrowings	26.43	23.26	8.43	9.95	10.62
Total Interest Expense	67	48.99	13.29	14.37	24.98
Net Interest Income	46.17	50.22	56.95	55.52	53.5
Net Interest Income Growth (YoY)	-8.06%	-11.83%	2.59%	3.77%	2.50%
Mortgage Banking Activities	83.57	75.69	99.56	191.04	233.25
Gain (Loss) on Sale of Assets	-	0.58	-	4.03	0.6
Other Non-Interest Income	5.74	4.92	6	8.13	10.17
Total Non-Interest Income	89.3	81.19	105.56	203.2	244.02
Non-Interest Income Growth (YoY)	10.00%	-23.09%	-48.05%	-16.73%	86.63%
Revenues Before Loan Losses	135.47	131.4	162.51	258.71	297.52
Provision for Loan Losses	-0.17	0.66	0.97	-3.99	6.34
Revenue	135.64	130.74	161.54	262.7	291.18
Revenue Growth (YoY)	3.74%	-19.06%	-38.51%	-9.78%	58.38%
Salaries and Employee Benefits	81.08	82.36	97.09	132.24	136.65
Occupancy Expenses	7.57	8.32	8.71	9.61	10.22
Selling, General & Administrative	12.64	13.84	13.92	12.94	19.47
Other Non-Interest Expense	10.32	15.18	17.32	15.8	16.72
Total Non-Interest Expense	111.64	119.71	137.06	170.59	183.06
EBT Excluding Unusual Items	24	11.03	24.48	92.11	108.12
Pretax Income	24	11.03	24.48	92.11	108.12
Income Tax Expense	5.31	1.66	4.99	21.32	26.97
Net Income	18.69	9.38	19.49	70.79	81.15
Net Income to Common	18.69	9.38	19.49	70.79	81.15
Net Income Growth	99.34%	-51.89%	-72.47%	-12.76%	126.01%
Basic Shares Outstanding	19	20	22	24	24
Diluted Shares Outstanding	19	20	22	24	25
Shares Change (YoY)	-7.96%	-8.24%	-8.03%	-2.75%	-6.25%
EPS (Basic)	1.01	0.47	0.89	2.98	3.32
EPS (Diluted)	1.01	0.46	0.89	2.96	3.30
EPS Growth	118.94%	-48.31%	-69.93%	-10.30%	140.88%
Dividend Per Share	0.600	0.700	0.800	0.800	0.560
Dividend Growth	-14.29%	-12.50%	0%	42.86%	16.67%
Effective Tax Rate	22.14%	15.02%	20.39%	23.14%	24.95%

Source: S&P Capital IQ. Banks template. Financial Sources.