Welcome to our dedicated page for Territorial Bancorp news (Ticker: TBNK), a resource for investors and traders seeking the latest updates and insights on Territorial Bancorp stock.
Territorial Bancorp Inc (NASDAQ: TBNK) serves as Hawaii's trusted community banking partner since 1921, offering FDIC-insured deposit accounts and residential mortgage solutions. This dedicated news hub provides investors and stakeholders with essential updates about this NASDAQ-listed institution.
Comprehensive Financial Updates: Access timely reports on earnings releases, regulatory filings, and strategic initiatives. Track developments in mortgage lending operations, community outreach programs, and leadership changes impacting Hawaii's banking landscape.
Curated News Categories: Our collection features press releases covering dividend announcements, capital management strategies, and service expansions. Stay informed about TBNK's commercial lending activities, interest rate impacts, and compliance with evolving financial regulations.
Investor-Centric Resource: This centralized repository eliminates information fragmentation, offering equal value to retail investors analyzing stock performance and professionals monitoring regional banking trends. Bookmark this page for continuous access to verified updates about Territorial Bancorp's market position and operational milestones.
Territorial Bancorp Inc. (NASDAQ: TBNK) announced a quarterly cash dividend of $0.23 per share, payable on February 23, 2023, to stockholders of record on February 9, 2023. CEO Allan Kitagawa expressed confidence in the company’s strong capital and asset quality, which are expected to sustain performance amid challenging interest rate conditions. Additionally, TBNK revealed its twelfth stock repurchase program and highlighted cost-saving measures from moving to less expensive headquarters. The company remains focused on enhancing shareholder value despite potential economic uncertainties.
Territorial Bancorp (NASDAQ: TBNK) reported a net income of $3.45 million for Q4 2022, a decline from $4.20 million in Q4 2021. The bank announced its twelfth share repurchase program and paid a special dividend of $0.10 per share. The quarterly cash dividend of $0.23 is set for payment on February 23, 2023. Total interest income rose to $16.22 million, driven by higher earnings from investment securities, although net interest income decreased to $13.27 million. Total assets increased to $2.17 billion, and stockholders' equity grew marginally to $256.55 million.
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