Quarterly ResultApr 30, 2026, 12:58 PM
TSBK Q2 Net Income $7.13M, +6% YoY; EPS $0.90; Dividend $0.29
AI Summary
Timberland Bancorp, Inc. reported net income of $7.13 million, or $0.90 per diluted common share, for the second fiscal quarter ended March 31, 2026, representing a 6% increase year-over-year. However, net income and EPS were down 13% from the preceding quarter, primarily due to higher provision for credit losses and a modest reduction in net interest income. The company's Board of Directors declared a quarterly cash dividend of $0.29 per common share. While deposits and total assets grew, net loans decreased slightly, and non-performing assets significantly increased, driven by an isolated participation loan.
Key Highlights
- TSBK Q2 Net Income $7.13M, +6% YoY; EPS $0.90, +6% YoY
- Declared quarterly cash dividend of $0.29 per common share
- Net interest margin (NIM) was 3.81%, up from 3.79% YoY but down from 3.85% QoQ
- Total assets increased 2% QoQ to $2.05 billion; total deposits increased 2% QoQ to $1.74 billion
- Net loans receivable decreased 1% QoQ to $1.45 billion, but increased 2% YoY
- Non-performing assets to total assets ratio increased to 0.47% from 0.23% QoQ and 0.13% YoY
- Repurchased 80,000 shares of common stock for $3.09 million during the quarter