Waterstone Financial, Inc. - Understand $wsbf stock

$WSBF Market Cap: $291.8 Million

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Financial Snapshot

Revenue

$84.12M

TTM

Gross Margin

Net Earnings

$13.44M

TTM

Current Assets

Current Liabilities

$27.85M

Q3 2024

Current Ratio

Total Assets

$2.244B

Q3 2024

Total Liabilities

$1.902B

Q3 2024

Book Value

$342.0M

Q3 2024

Cash

$41.41M

Q3 2024

P/E

21.71

Nov 29, 2024 EST

Free Cash Flow

$22.47M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$99.21M	$70.25M	$69.88M	$78.48M	$79.74M	$73.70M	$67.10M
YoY Change	41.23%	0.52%	-10.96%	-1.58%	8.2%	9.84%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$99.21M	$70.25M	$69.88M	$78.48M	$79.74M	$73.70M	$67.10M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.700M	$1.800M	$6.048M	$5.608M	$4.698M	$4.727M	$2.050M	$3.200M	$3.600M	$3.700M	$3.800M	$2.100M	$1.800M	$1.900M	$2.000M	$2.400M	$2.600M	$2.400M	$1.600M	$900.0K	$500.0K	$1.300M
YoY Change	-5.56%	-70.24%	7.85%	19.37%	-0.61%	130.59%	-35.94%	-11.11%	-2.7%	-2.63%	80.95%	16.67%	-5.26%	-5.0%	-16.67%	-7.69%	8.33%	50.0%	77.78%	80.0%	-61.54%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$48.99M	$13.29M	$14.37M	$24.98M	$27.54M	$19.52M	$16.36M
YoY Change	268.62%	-7.5%	-42.49%	-9.29%	41.08%	19.32%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$11.03M	$24.48M	$92.11M	$108.1M	$47.57M	$40.28M	$44.43M	$42.00M	$25.80M	$19.90M	$23.30M	$22.70M	-$6.900M	-$1.800M	-$11.40M	-$24.10M	$1.300M	$12.80M	$16.60M	$15.40M	$16.80M	$15.70M
YoY Change	-54.93%	-73.42%	-14.81%	127.26%	18.11%	-9.35%	5.79%	62.79%	29.65%	-14.59%	2.64%	-428.99%	283.33%	-84.21%	-52.7%	-1953.85%	-89.84%	-22.89%	7.79%	-8.33%	7.01%
Income Tax	$1.657M	$4.992M	$21.32M	$26.97M	$11.67M	$9.526M	$18.47M	$16.50M	$9.200M	$7.200M	$8.600M	-$12.20M	$600.0K	$100.0K	-$1.300M	$2.300M	-$300.0K	$4.700M	$7.500M	$4.900M	$5.700M	$4.800M
% Of Pretax Income	15.02%	20.39%	23.14%	24.95%	24.53%	23.65%	41.57%	39.29%	35.66%	36.18%	36.91%	-53.74%					-23.08%	36.72%	45.18%	31.82%	33.93%	30.57%
Net Earnings	$9.375M	$19.49M	$70.79M	$81.15M	$35.90M	$30.75M	$25.96M	$25.50M	$16.60M	$12.70M	$14.70M	$34.90M	-$7.500M	-$1.900M	-$10.10M	-$26.40M	$1.600M	$8.100M	$9.100M	$10.60M	$11.10M	$10.80M
YoY Change	-51.89%	-72.47%	-12.76%	126.01%	16.74%	18.45%	1.82%	53.61%	30.71%	-13.61%	-57.88%	-565.33%	294.74%	-81.19%	-61.74%	-1750.0%	-80.25%	-10.99%	-14.15%	-4.5%	2.78%
Net Earnings / Revenue	9.45%	27.74%	101.3%	103.39%	45.02%	41.73%	38.7%
Basic Earnings Per Share	$0.47	$0.89	$2.98	$3.32	$1.38	$1.12	$0.95
Diluted Earnings Per Share	$0.46	$0.89	$2.96	$3.30	$1.37	$1.11	$0.93	$930.7K	$564.6K	$378.0K	$427.3K	$1.020M	-$221.2K	-$56.21K	-$299.7K	-$788.1K	$46.11K	$223.1K	$282.6K	$329.2K	$344.7K	$335.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$20.00M	$21.11M	$28.10M	$30.30M	$33.40M	$24.50M	$22.90M	$23.70M	$25.30M	$25.60M	$27.10M	$26.90M	$27.40M	$28.20M	$29.10M	$30.60M	$32.00M	$32.60M	$25.00M	$15.90M	$12.20M	$12.20M
YoY Change	-5.26%	-24.89%	-7.26%	-9.28%	36.33%	6.99%	-3.38%	-6.32%	-1.17%	-5.54%	0.74%	-1.82%	-2.84%	-3.09%	-4.9%	-4.38%	-1.84%	30.4%	57.23%	30.33%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets							$5.000M	$8.000M	$9.000M	$8.400M	$13.80M
YoY Change							-37.5%	-11.11%	7.14%	-39.13%
Total Long-Term Assets
YoY Change
Total Assets	$2.213B	$2.032B	$2.216B	$2.185B	$1.996B	$1.915B	$1.806B	$1.791B	$1.763B	$1.783B	$1.947B	$1.661B	$1.713B	$1.809B	$1.868B	$1.885B	$1.710B	$1.649B	$1.511B	$1.240B	$1.105B	$1.105B
YoY Change
Accounts Payable																				$1.700M	$1.400M	$1.400M
YoY Change																				21.43%	0.0%
Accrued Expenses	$6.607M	$5.334M	$10.40M	$10.60M	$13.10M	$4.400M	$4.900M	$4.700M	$3.700M	$5.000M	$2.500M
YoY Change	23.87%	-48.71%	-1.89%	-19.08%	197.73%	-10.2%	4.26%	27.03%	-26.0%	100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$147.1M	$1.084M	$2.100M	$9.100M	$13.60M	$5.000M	$11.30M	$92.20M	$91.20M	$84.00M	$105.2M	$45.90M	$27.10M	$23.00M	$73.90M	$4.100M	$53.50M	$41.20M	$87.20M	$35.00M	$25.00M	$10.00M
YoY Change	13465.87%	-48.38%	-76.92%	-33.09%	172.0%	-55.75%	-87.74%	1.1%	8.57%	-20.15%	129.19%	69.37%	17.83%	-68.88%	1702.44%	-92.34%	29.85%	-52.75%	149.14%	40.0%	150.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.607M	$6.418M	$10.40M	$10.60M	$13.10M	$4.400M	$4.900M	$4.700M	$3.700M	$5.000M	$2.500M	$45.90M	$27.10M	$23.00M	$73.90M	$4.100M	$53.50M	$41.20M	$87.20M	$3.000M	$1.700M	$1.400M
YoY Change	2.94%	-38.29%	-1.89%	-19.08%	197.73%	-10.2%	4.26%	27.03%	-26.0%	100.0%	-94.55%	69.37%	17.83%	-68.88%	1702.44%	-92.34%	29.85%	-52.75%	2806.67%	76.47%	21.43%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$61.05M	$70.06M	$62.20M	$67.90M	$38.20M	$37.80M	$35.80M	$38.60M	$32.60M	$30.20M	$30.10M	$37.40M	$33.10M	$31.90M	$26.30M	$30.40M	$37.80M	$36.80M	$32.50M	$5.500M	$5.800M	$5.800M
YoY Change	-12.86%	12.63%	-8.39%	77.75%	1.06%	5.59%	-7.25%	18.4%	7.95%	0.33%	-19.52%	12.99%	3.76%	21.29%	-13.49%	-19.58%	2.72%	13.23%	490.91%	-5.17%	0.0%
Total Long-Term Liabilities	$61.05M	$70.06M	$62.20M	$67.90M	$38.20M	$37.80M	$35.80M	$38.60M	$32.60M	$30.20M	$30.10M	$37.40M	$33.10M	$31.90M	$26.30M	$30.40M	$37.80M	$36.80M	$32.50M	$5.500M	$5.800M	$5.800M
YoY Change	-12.86%	12.63%	-8.39%	77.75%	1.06%	5.59%	-7.25%	18.4%	7.95%	0.33%	-19.52%	12.99%	3.76%	21.29%	-13.49%	-19.58%	2.72%	13.23%	490.91%	-5.17%	0.0%
Total Liabilities	$1.869B	$1.661B	$1.783B	$1.772B	$1.603B	$1.516B	$1.394B	$1.380B	$1.371B	$1.333B	$1.733B	$1.458B	$1.547B	$1.637B	$1.700B	$1.714B	$1.508B	$1.407B	$1.280B	$1.117B	$990.3M	$990.3M
YoY Change	12.53%	-6.84%	0.65%	10.53%	5.74%	8.71%	1.04%	0.66%	2.83%	-23.06%	18.8%	-5.7%	-5.51%	-3.71%	-0.85%	13.64%	7.19%	9.98%	14.52%	12.82%	0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	20.16M	21.88M	23.74M	24.46M	26.02M	27.36M	27.47M
Diluted Shares Outstanding	20.20M	22.01M	23.93M	24.61M	26.25M	27.63M	27.90M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $291.76 Million

About Waterstone Financial, Inc.

Waterstone Financial, Inc. operates as a loan holding company, which provides principal lending activities. The company is headquartered in Wauwatosa, Wisconsin and currently employs 698 full-time employees. The company went IPO on 2005-10-05. The Bank offers a suite of personal and business banking products. The firm's segments include community banking and mortgage banking. The community banking segment provides consumer and business banking products and services to customers. Its consumer products include loan products, deposit products, and personal investment services. Its business banking products include loans for working capital, inventory and general corporate use, commercial real estate construction loans, and deposit accounts. The mortgage banking segment, which is conducted through Waterstone Mortgage Corporation, consists of originating residential mortgage loans primarily for sale in the secondary market. The Bank has branches in Wauwatosa/State St, Brookfield, Fox Point/North Shore, Franklin/Hales Corners, Germantown/Menomonee Falls, Milwaukee/Oklahoma Ave, Oak Creek/Howell Ave and various others.

Industry: Savings Institution, Federally Chartered Peers: Greystone Housing Impact Investors LP Blue Foundry Bancorp Bridgewater Bancshares Inc FEDERAL HOME LOAN MORTGAGE CORP HOME BANCORP, INC. loanDepot, Inc. Rocket Companies, Inc. SOUTHERN MISSOURI BANCORP, INC. Velocity Financial, Inc.