Waterstone Financial Inc.s net income declined 3.7% during the
recent third quarter.
the parent company of WaterStone Bank, the net income per diluted
share was $0.26 for the third quarter, which represents a 3.7
percent decrease compared to net income per diluted share of $0.27
for the same quarter in 2016. The third quarter included a $0.02
impact on diluted earnings per share for a charge to income tax
expense related to the write-off of a deferred tax asset.
We continue to
execute at a high level of profitability, despite a number of
challenges faced by the mortgage banking industry, said Douglas
Gordon, CEO of Waterstone Financial, Inc., in a statement.
Waterstone Financial reported for the recent quarter that its
consolidated net income totaled $7.4 million, compared to $7.5
million for the same quarter last year.