Waterstone Financial Management

Management criteria checks 4/4

Waterstone Financial's CEO is Bill Bruss, appointed in Jan 2005, has a tenure of 19.42 years. total yearly compensation is $694.59K, comprised of 55.8% salary and 44.2% bonuses, including company stock and options. directly owns 0.59% of the company’s shares, worth €1.29M. The average tenure of the management team and the board of directors is 7.2 years and 18.7 years respectively.

Key information

Bill Bruss

Chief executive officer

US$694.6k

Total compensation

CEO salary percentage	55.8%
CEO tenure	19.4yrs
CEO ownership	0.6%
Management average tenure	7.2yrs
Board average tenure	18.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Bruss's remuneration changed compared to Waterstone Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$10m
Dec 31 2023	US$695k	US$388k	US$9m
Sep 30 2023	n/a	n/a	US$10m
Jun 30 2023	n/a	n/a	US$12m
Mar 31 2023	n/a	n/a	US$16m
Dec 31 2022	US$589k	US$376k	US$19m
Sep 30 2022	n/a	n/a	US$31m
Jun 30 2022	n/a	n/a	US$45m
Mar 31 2022	n/a	n/a	US$55m
Dec 31 2021	US$653k	US$365k	US$71m
Sep 30 2021	n/a	n/a	US$86m
Jun 30 2021	n/a	n/a	US$93m
Mar 31 2021	n/a	n/a	US$96m
Dec 31 2020	US$591k	US$357k	US$81m
Sep 30 2020	n/a	n/a	US$62m
Jun 30 2020	n/a	n/a	US$47m
Mar 31 2020	n/a	n/a	US$35m
Dec 31 2019	US$473k	US$318k	US$36m
Sep 30 2019	n/a	n/a	US$33m
Jun 30 2019	n/a	n/a	US$31m
Mar 31 2019	n/a	n/a	US$30m
Dec 31 2018	US$383k	US$309k	US$31m
Sep 30 2018	n/a	n/a	US$28m
Jun 30 2018	n/a	n/a	US$27m
Mar 31 2018	n/a	n/a	US$26m
Dec 31 2017	US$366k	US$300k	US$26m

Compensation vs Market: Bill's total compensation ($USD694.59K) is about average for companies of similar size in the German market ($USD757.17K).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Bruss (54 yo)

19.4yrs

Tenure

US$694,591

Compensation

Mr. William F. Bruss, also known as Bill, has been President of Waterstone Financial, Inc. and Waterstone Bank since January 24, 2022 and has been its Chief Executive Officer since January 01, 2024. He is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Bruss	CEO, President	19.4yrs	US$694.59k	0.59% $ 1.3m
Mark Gerke	Executive VP	10.3yrs	US$487.10k	0.40% $ 866.1k
Julie Glynn	Executive Vice President	6.3yrs	US$449.60k	0.13% $ 286.4k
Ryan Gordon	Executive VP & Chief Credit Officer	6.4yrs	US$439.69k	0.24% $ 522.1k
Jeffrey McGuiness	President & CEO of Waterstone Mortgage Corporation	3.6yrs	US$596.22k	0.021% $ 45.0k
Kyle Mertz	Controller	8yrs	no data	no data

7.2yrs

Average Tenure

54yo

Average Age

Experienced Management: 47Z's management team is seasoned and experienced (7.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Bruss	CEO, President	no data	US$694.59k	0.59% $ 1.3m
Patrick Lawton	Independent Chairman of the Board	24.4yrs	US$87.50k	0.32% $ 691.9k
Douglas Gordon	Director	18.7yrs	US$1.56m	3.57% $ 7.8m
Kristine Rappe	Independent Director	11.4yrs	US$67.50k	0.15% $ 319.7k
Stephen Schmidt	Independent Director	22.4yrs	US$67.50k	0.38% $ 820.0k
Michael Hansen	Independent Director	21.4yrs	US$76.00k	1.43% $ 3.1m
Ellen Bartel	Independent Director	11.4yrs	US$67.50k	0.081% $ 175.5k
Derek Tyus	Independent Director	3.3yrs	US$42.00k	0.035% $ 75.4k

18.7yrs

Average Tenure

66.5yo

Average Age

Experienced Board: 47Z's board of directors are seasoned and experienced ( 18.7 years average tenure).

Waterstone Financial Management

Management criteria checks 4/4

Key information

Recent management updates

Waterstone Financial, Inc., Annual General Meeting, May 21, 2024

Waterstone Financial, Inc. and Waterstone Bank Announces CEO Changes

Insufficient new directors

Insufficient new directors

Waterstone Financial, Inc., Annual General Meeting, May 17, 2022

Executive VP recently sold €60k worth of stock

Recent updates

First quarter dividend of US$0.15 announced

Waterstone Financial Declares Regular Quarterly Cash Dividend, Payable on August 1, 2024

First quarter 2024 earnings released: EPS: US$0.16 (vs US$0.10 in 1Q 2023)

Waterstone Financial, Inc., Annual General Meeting, May 21, 2024

Fourth quarter dividend of US$0.15 announced

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 1, 2024

Full year 2023 earnings released: EPS: US$0.47 (vs US$0.89 in FY 2022)

Full year 2023 earnings released: EPS: US$0.47 (vs US$0.89 in FY 2022)

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 1, 2024

Third quarter 2023 earnings released: EPS: US$0.16 (vs US$0.25 in 3Q 2022)

Waterstone Financial, Inc. Declares Quarterly Dividend, Will Be Payable November 1, 2023

Waterstone Financial, Inc. and Waterstone Bank Announces CEO Changes

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$0.36 in 2Q 2022)

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend,Payable on August 2, 2023

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend,Payable on August 2, 2023

First quarter 2023 earnings released: EPS: US$0.10 (vs US$0.23 in 1Q 2022)

Upcoming dividend of US$0.20 per share at 8.7% yield

Full year 2022 earnings released: EPS: US$0.89 (vs US$2.98 in FY 2021)

Full year 2022 earnings released: EPS: US$0.89 (vs US$2.98 in FY 2021)

Upcoming dividend of US$0.20 per share

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 1, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.25 (vs US$0.80 in 3Q 2021)

Waterstone Financial, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 1, 2022

Second quarter 2022 earnings released: EPS: US$0.36 (vs US$0.75 in 2Q 2021)

Waterstone Financial, Inc.(NasdaqGS:WSBF) dropped from Russell 2000 Growth-Defensive Index

Waterstone Financial Declares Regular Quarterly Cash Dividend, Payable on August 2, 2022

Insufficient new directors

First quarter 2022 earnings released: EPS: US$0.23 (vs US$0.90 in 1Q 2021)

Waterstone Financial, Inc., Annual General Meeting, May 17, 2022

Upcoming dividend of US$0.20 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.70 per share

Waterstone Financial, Inc. Declares Special Cash Dividend, Payable on February 1, 2022

Third quarter 2021 earnings released: EPS US$0.80 (vs US$1.08 in 3Q 2020)

Upcoming dividend of US$0.20 per share

Second quarter 2021 earnings released: EPS US$0.75 (vs US$0.86 in 2Q 2020)

Upcoming dividend of US$0.20 per share

Waterstone Financial Declares Special Cash Dividend, Payable on June 15, 2021

First quarter 2021 earnings released: EPS US$0.90 (vs US$0.24 in 1Q 2020)

Upcoming dividend of US$0.20 per share

Waterstone Financial, Inc. Declares Regular Quarterly Dividend, Payable on May 4, 2021

Executive VP recently sold €60k worth of stock

Full year 2020 earnings released: EPS US$3.32 (vs US$1.38 in FY 2019)

Revenue beats expectations

New 90-day high: €16.65

Waterstone Financial, Inc. Elects Derek L. Tyus to Serve on the Board of Directors

Full year 2020 earnings released: EPS US$3.32 (vs US$1.38 in FY 2019)

Revenue beats expectations

New 90-day high: €15.68

Upcoming Dividend of US$0.20 Per Share

Upcoming Dividend of US$0.30 Per Share

New 90-day high: €15.08

Third quarter 2020 earnings released: EPS US$1.08

Third quarter earnings released

New 90-day high: €14.04

New 90-day high: €13.54

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure