Waterstone Financial, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company’s total interest income was $16,186,000 against $18,142,000 a year ago. Net interest income was $10,146,000 against $10,426,000 a year ago. Income before income tax was $7,548,000 against $2,238,000 a year ago. Net income was $4,625,000 against $2,208,000 a year ago. Basic and diluted EPS was $0.15 against $0.07 a year ago. Return on average assets were 1.14% against 0.52% a year ago. Return on average equity was 9.14% against 5.24% a year ago. For the quarter, the company’s net charge-offs was $3,505,000 against $3,058,000 for same period a year ago.

Waterstone Financial, Inc., Annual General Meeting, May 21, 2013., at 10:00 US Eastern Standard Time. Location: WaterStone Bank SSB. Agenda: To elect one director to serve for a term expiring in 2016; to consider an advisory, non-binding resolution to approve to the executive compensation described in the Proxy Statement; to ratify the selection of KPMG LLP as Waterstone Financial, Inc.'s independent registered public accounting firm; and to transact such other business as may properly come before the annual meeting or any adjournment thereof.

Waterstone Financial, Inc. announced unaudited earnings results for the year ended December 31, 2012. For the year, the company reported net income of $34.9 million against net loss of $7.5 million a year ago. Net interest income was $42 million against $47 million a year ago. Return on average assets was 2.07% against loss on average assets of 0.43% a year ago. Return on average equity was 18.89% against loss on average equity was 4.47% a year ago. Pretax income was $22.7 million as compared to a loss of $6.9 million in 2011.