Experienced mortgage leader to oversee regional growth, recruiting and strategic partnerships in key West Coast market CHICAGO, Dec. 11, 2025 /PRNewswire/ -- Guaranteed Rate Affinity, a leading mortgage provider offering unparalleled lending services, today announced the promotion of Lacey Sullivan to Regional Manager for Northern California. In this role, Sullivan will oversee the region's leadership team, guide growth initiatives, support recruiting and development efforts, and lead engagement with Coldwe ...

Core Insights - Waterstone Financial, Inc. reported a net income of $7.9 million, or $0.45 per diluted share, for the quarter ended September 30, 2025, representing a significant increase from $4.7 million, or $0.26 per diluted share, for the same quarter in 2024 [1][4][17] - The company achieved a consolidated return on average assets of 1.42% and a return on average equity of 9.14% for the quarter ended September 30, 2025, compared to 0.83% and 5.55% respectively for the same quarter in 2024 [4][18] - The Community Banking segment saw a 19.3% increase in net interest income, totaling $14.6 million for the quarter, driven by improved loan yields and reduced funding costs [2][4][21] Financial Performance - Consolidated net income increased by $3.2 million, or 68.1%, from the previous year [4] - Pre-tax income for the quarter was $8.4 million, a 49.4% increase compared to $5.6 million for the same quarter in 2024 [4][17] - The company repurchased approximately 270,000 shares at a cost of $3.8 million, increasing book value per share by $0.07 during the quarter [4][10] Asset Quality - Nonperforming assets as a percentage of total assets decreased to 0.27% at September 30, 2025, down from 0.25% a year earlier [4][18] - Past due loans as a percentage of total loans improved to 0.50% from 0.63% year-over-year [4][18] Community Banking Segment - The Community Banking segment's net interest income rose by $2.4 million, or 19.3%, compared to the same quarter in 2024 [2][21] - The efficiency ratio improved to 48.94% for the quarter, down from 60.35% in the same quarter of the previous year [10][21] Mortgage Banking Segment - The Mortgage Banking segment recorded a second consecutive quarter of pre-tax income, attributed to effective expense management and improved margins [2][23] - Mortgage banking non-interest income decreased by $401,000, or 1.9%, to $21.0 million compared to the same quarter in 2024 [10][23]

Company Overview - Guaranteed Rate Affinity is a leading mortgage provider that partners with Coldwell Banker to offer exceptional lending services [1][4] - The company has funded over $100 billion in loans since its inception, showcasing its significant presence in the mortgage industry [4] Leadership Announcement - Bob Donovan has been appointed as the Regional President of the Northeast, tasked with leading the company's growth strategy in the region [1] - Donovan brings over 35 years of experience in the mortgage industry, having a successful track record as a top-producing loan officer and a focus on mentoring and recruiting [2][3] Strategic Focus - Donovan aims to support loan officers, strengthen strategic partnerships, and drive market expansion within the Northeast region [1][3] - The partnership with Coldwell Banker is highlighted as a unique advantage that differentiates Guaranteed Rate Affinity from other lenders, providing an attractive proposition for originators [3] Company Support and Services - Guaranteed Rate Affinity offers unmatched support to Anywhere brokers, ensuring fast pre-approvals, appraisals, and loan closings, which is crucial in today's competitive market [5] - The company also assists the public and other real estate brokerage and relocation companies, enhancing the relocation experience for employees through customer service and competitive rates [5]

Company Overview - Guaranteed Rate Affinity is a leading mortgage provider formed as a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services, owning 50.1% and 49.9% stakes respectively [4][6] - The company has funded over $100 billion in loans since its inception in 2017 [4] Leadership Change - Jay Crowder has been promoted to Divisional Manager for the East Region, having previously served as Regional President [1][2] - Crowder brings over 30 years of experience in the mortgage industry, with a strong background in joint venture partnerships [1][3] Strategic Focus - In his new role, Crowder will focus on scaling production, expanding the sales force, and attracting top loan officers [2][3] - The emphasis will be on enhancing team performance and fostering a culture of excellence and client-first service [2][3] Company Culture and Values - Crowder is recognized for his commitment to recruiting high-performing teams and driving production growth [3][4] - The company aims to empower its employees and deepen partnerships to deliver exceptional results for clients [3] Services Offered - Guaranteed Rate Affinity provides fast pre-approvals, appraisals, and loan closings to brokers and the public, enhancing the home purchasing experience [5] - The company also assists employers in improving their employees' relocation experiences through competitive rates and customer service [5]

Group 1 - Community Heritage Financial, Inc. declared a quarterly cash dividend of $0.08 per share on its common stock, payable on August 8, 2025, to shareholders of record on August 1, 2025 [1] - Community Heritage Financial, Inc. is the parent company of Middletown Valley Bank, which offers personal and business banking services, as well as mortgage lending through its subsidiary, Millennium Financial Services, Inc. [2] - Middletown Valley Bank has been operating since 1908 and currently has offices in Frederick, Washington, Garrett counties in Maryland, and Franklin County in Pennsylvania [2]

Company Overview - Guaranteed Rate Affinity is a leading mortgage provider that has funded over $100 billion in loans since its inception, emphasizing its strong market presence and innovative joint venture with Guaranteed Rate, Inc. and Anywhere Integrated Services [5][6] Leadership Appointment - Linda Vo has been appointed as Regional Manager in North Texas, reflecting the company's commitment to expanding its reach in a key growth market [1] - Vo brings over 20 years of experience in the mortgage industry, including roles in wholesale, loan origination, sales management, and corporate strategy, making her well-suited to lead growth and recruiting efforts [2] Strategic Focus - In her new role, Vo will empower loan officers to take ownership of their markets while scaling the company's presence and recruiting efforts throughout North Texas [3] - The company is undergoing strategic expansion and culture-focused leadership development, aiming to attract top talent that aligns with its values [4] Industry Impact - Guaranteed Rate Affinity provides unmatched support to brokers nationwide, ensuring fast pre-approvals, appraisals, and loan closings, which enhances the home buying experience in a competitive market [6]

Financial Performance - HarborOne's Q1 2025 net income was $55 million, with diluted earnings per share of $014[7] - The net interest margin was 239%, up 3 basis points quarter-over-quarter[7] - Client deposits increased by $796 million, or 19%, quarter-over-quarter[7] - The company repurchased 513,855 shares, totaling $59 million in Q1 2025[7] Balance Sheet & Loan Portfolio - Total assets were $57 billion[6] - Total loans amounted to $48 billion[6] - Total deposits reached $46 billion[6] - Commercial & Industrial loans grew $330 million, or 56%, quarter-over-quarter[25] Asset Quality - Non-Performing Assets (NPA) to Assets ratio was 054%[27] - A charge-off of $83 million was taken on one credit in the office category during Q1 25[47] Merger with Eastern Bank - The merger is expected to result in approximately 16% EPS accretion[89, 108] - The deal value is approximately $490 million[106] - Cost savings are projected to be around $55 million, representing about 40% of HarborOne's operating non-interest expenses[106, 118]