Waterstone Financial Inc (WSBF) News & EventsWSBFNews & EventsWaterstone Financial Inc

Waterstone Financial Authorizes Repurchase of 2,148,285 Shares

Waterstone Financial announced that its board of directors authorized the repurchase of up to an additional 2M shares of the company's outstanding shares of common stock under its existing repurchase program. Prior to this authorization, 148,285 shares remained available to repurchase under the existing program. Combined with the shares authorized today, the total 2,148,285 shares available for repurchase represent approximately 11.9% of the company's issued and outstanding shares of common stock as of April 27.

Waterstone Financial Declares Quarterly Cash Dividend of 17 Cents

The board of directors of Waterstone Financial declared a regular quarterly cash dividend of 17c per common share, a 13.3% increase compared to the prior quarterly dividend. The dividend increase is effective with the dividend payable on May 1 to shareholders of record at the close of business on April 8.

Waterstone Financial reports Q3 EPS 26c vs. 16c last year

Reports Q3 book value per share $17.58. "The Community Banking segment achieved growth in its loan and core deposit (excluding brokered deposits) balances," said William Bruss, CEO of Waterstone Financial, Inc. "We continue to maintain strong asset quality metrics and remain in a net recovery position, resulting in a negative provision during the quarter. While the decrease in our wholesale borrowing rate during the quarter captures a portion of the benefit from the 50 bps cut in the Federal Funds rate during September, the competitive retail funding environment remains a headwind. The Mortgage Banking segment experienced a decrease in fundings; however, it remained profitable due in large part to our continued focus on cost control. Waterstone Financial, Inc. remained active in share repurchases and once again declared a dividend, as we are committed to shareholder returns."