Waterstone Financial, Inc. (WSBF) Financial Statements (2024 and earlier)

Company Profile

Business Address 11200 WEST PLANK COURT
WAUWATOSA, WI 53226
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6035 - Savings Institutions, Federally Chartered (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33,700343,01656,19052,81486,10148,607
Cash and cash equivalents33,700343,01656,19052,81486,10148,607
Total current assets:33,700343,01656,19052,81486,10148,607
Noncurrent Assets
Operating lease, right-of-use asset  5,8006,6008,400
Property, plant and equipment21,10522,27323,72225,02824,52422,941
Total noncurrent assets:21,10528,07330,32233,42824,52422,941
Other undisclosed assets1,976,8671,844,7692,098,0751,910,1051,804,7561,734,853
TOTAL ASSETS:2,031,6722,215,8582,184,5871,996,3471,915,3811,806,401
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  29,000   
Total current liabilities:  29,000   
Noncurrent Liabilities
Other undisclosed liabilities1,661,1861,783,0851,742,4691,602,6611,515,7021,394,297
Total liabilities:1,661,1861,783,0851,771,4691,602,6611,515,7021,394,297
Equity
Equity, attributable to parent, including:370,486432,773413,118393,686399,679412,104
Common stock222248251271285295
Treasury stock, value     (97,921)(78,736)
Additional paid in capital128,550174,505180,684211,997330,327326,655
Accumulated other comprehensive income (loss)(19,476)(1,135)2,326642(2,361)(477)
Retained earnings274,246273,398245,287197,393187,153183,358
Unearned esop shares      (18,991)
Other undisclosed equity, attributable to parent(13,056)(14,243)(15,430)(16,617)(17,804) 
Total equity:370,486432,773413,118393,686399,679412,104
TOTAL LIABILITIES AND EQUITY:2,031,6722,215,8582,184,5871,996,3471,915,3811,806,401

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues62,93564,36672,63372,23566,966182,386
Net investment income62,93564,36672,63372,23566,96660,824
Financial services revenue121,562
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(968) (6,340)   
Gross profit:61,96764,36666,29372,23566,966182,386
Operating expenses(20,156)(19,674)(27,302)(23,085)(21,708)(117,250)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,0557,2204,4057861,5201,044
Operating income:43,86651,91243,39649,93646,77866,180
Nonoperating income
(Bank Owned Life Insurance Income)
1,7381,6151,9051,9351,8481,807
Interest and debt expense(13,291)(14,368)(24,984)(27,544)(19,523)(16,362)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   87,79923,24711,177(7,192)
Income from continuing operations before equity method investments, income taxes:32,31339,159108,11647,57440,28044,433
Other undisclosed income (loss) from continuing operations before income taxes(7,834)52,947    
Income from continuing operations before income taxes:24,47992,106108,11647,57440,28044,433
Income tax expense(4,992)(21,315)(26,971)(11,671)(9,526)(18,469)
Income from continuing operations:19,48770,79181,14535,90330,75425,964
Income before gain (loss) on sale of properties:70,79181,14535,90330,75425,964
Net income available to common stockholders, diluted:19,48770,79181,14535,90330,75425,964

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:19,48770,79181,14535,90330,75425,964
Other comprehensive income (loss)  (3,461)1,6843,003(1,884)(99)
Comprehensive income:19,48767,33082,82938,90628,87025,865
Other undisclosed comprehensive loss, net of tax, attributable to parent(18,341)     
Comprehensive income, net of tax, attributable to parent:1,14667,33082,82938,90628,87025,865

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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