Quarterly ResultAug 7, 2026, 12:36 PM
Timberland Bancorp Q3 Net Income $7.72M, EPS $0.99
AI Summary
Timberland Bancorp reported a net income of $7.72 million for the three months ended June 30, 2026, an 8.73% increase from the prior year. Diluted EPS rose to $0.98 from $0.90. For the nine months, net income increased by 11.36% to $23.07 million, with diluted EPS reaching $2.92. The company also saw growth in total assets, deposits, and loans receivable, alongside an increase in dividends paid per common share and a reduction in FHLB borrowings.
Key Highlights
- Net income for the three months ended June 30, 2026, increased 8.73% to $7.72 million from $7.10 million in the prior year period.
- Diluted EPS for the three months ended June 30, 2026, rose 8.89% to $0.98 from $0.90 in the prior year period.
- Total assets grew 2.39% to $2.06 billion at June 30, 2026, from $2.01 billion at September 30, 2025.
- Total deposits increased 2.73% to $1.76 billion at June 30, 2026, from $1.72 billion at September 30, 2025.
- Loans receivable, net, increased 2.19% to $1.496 billion at June 30, 2026, from $1.464 billion at September 30, 2025.
- Dividends paid per common share for the three months ended June 30, 2026, increased to $0.29 from $0.26 in the prior year period.
- FHLB borrowings decreased 50% to $10.0 million at June 30, 2026, from $20.0 million at September 30, 2025.
- Provision for credit losses on loans for the three months ended June 30, 2026, increased to $600,000 from $351,000.
Price Impact
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