Waterstone Financial, Inc. (WSBF)

Waterstone Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	100.96	90.15	62.94	64.37	72.63	72.24
Interest Income on Investments	9.85	9.06	7.31	5.52	5.85	7.51
Total Interest Income	110.81	99.21	70.25	69.88	78.48	79.74
Interest Paid on Deposits	37.42	25.74	4.86	4.42	14.37	17.28
Interest Paid on Borrowings	28.31	23.26	8.43	9.95	10.62	10.27
Total Interest Expense	65.72	48.99	13.29	14.37	24.98	27.54
Net Interest Income	45.09	50.22	56.95	55.52	53.5	52.2
Net Interest Income Growth (YoY)	-16.61%	-11.83%	2.59%	3.77%	2.50%	-3.65%
Mortgage Banking Activities	82.03	75.69	99.56	191.04	233.25	125.67
Gain (Loss) on Sale of Assets	0.15	0.58	-	4.03	0.6	-
Other Non-Interest Income	4.99	4.92	6	8.13	10.17	5.08
Total Non-Interest Income	87.17	81.19	105.56	203.2	244.02	130.75
Non-Interest Income Growth (YoY)	7.09%	-23.09%	-48.05%	-16.73%	86.63%	10.62%
Revenues Before Loan Losses	132.26	131.4	162.51	258.71	297.52	182.95
Provision for Loan Losses	-0.97	0.66	0.97	-3.99	6.34	-0.9
Revenue	133.23	130.74	161.54	262.7	291.18	183.85
Revenue Growth (YoY)	-0.36%	-19.06%	-38.51%	-9.78%	58.38%	6.00%
Salaries and Employee Benefits	80.99	82.36	97.09	132.24	136.65	98.85
Occupancy Expenses	8.02	8.32	8.71	9.61	10.22	10.61
Selling, General & Administrative	14.49	13.84	13.92	12.94	19.47	15.35
Other Non-Interest Expense	12.53	15.18	17.32	15.8	16.72	11.62
Total Non-Interest Expense	116.03	119.71	137.06	170.59	183.06	136.27
EBT Excluding Unusual Items	17.2	11.03	24.48	92.11	108.12	47.57
Pretax Income	17.2	11.03	24.48	92.11	108.12	47.57
Income Tax Expense	3.76	1.66	4.99	21.32	26.97	11.67
Net Income	13.44	9.38	19.49	70.79	81.15	35.9
Net Income to Common	13.44	9.38	19.49	70.79	81.15	35.9
Net Income Growth	29.84%	-51.89%	-72.47%	-12.76%	126.01%	16.74%
Basic Shares Outstanding	19	20	22	24	24	26
Diluted Shares Outstanding	19	20	22	24	25	26
Shares Change (YoY)	-8.60%	-8.24%	-8.03%	-2.75%	-6.25%	-5.02%
EPS (Basic)	0.71	0.47	0.89	2.98	3.32	1.38
EPS (Diluted)	0.71	0.46	0.89	2.96	3.30	1.37
EPS Growth	40.34%	-48.31%	-69.93%	-10.30%	140.88%	23.42%
Dividend Per Share	0.550	0.700	0.800	0.800	0.560	0.480
Dividend Growth	-31.25%	-12.50%	0%	42.86%	16.67%	0%
Effective Tax Rate	21.88%	15.02%	20.39%	23.14%	24.95%	24.53%

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