Territorial Bancorp Inc Stock Price, News & Analysis

Territorial Bancorp Inc. (NASDAQ: TBNK) announced its twelfth stock repurchase program, allowing the repurchase of up to $5 million of outstanding shares. The Board of Directors believes this move will enhance shareholder value and reflects confidence in ongoing economic recovery. Shares may be purchased in open market or private transactions, with management determining attractive pricing. Repurchases are subject to market conditions and the Company’s financial health. The program can be modified or terminated at management's discretion.

Territorial Bancorp Inc. (NASDAQ: TBNK) has announced a quarterly cash dividend of $0.23 per share, payable on November 23, 2022, to stockholders of record as of November 10, 2022. In Q3 2022, the company recorded a 5.73% rise in total interest income and a 3.45% increase in net interest income, despite higher interest expenses due to rising rates. The CEO noted the company's strong capital and asset quality, affirming a commitment to enhancing shareholder value through dividends and share repurchases.

Territorial Bancorp Inc. (TBNK) reported net income of $3.89 million or $0.44 per diluted share for Q3 2022.

Net interest income increased by 3.45% to $14.34 million, while total interest income rose by 5.73% to $16.15 million.

The board approved a quarterly cash dividend of $0.23 per share, marking the 52nd consecutive dividend.

Despite rising interest rates, strong capital and asset quality are expected to sustain community service and enhance shareholder value.

Territorial Bancorp Inc. (NASDAQ: TBNK) has announced a quarterly cash dividend of $0.23 per share, payable on August 25, 2022, to stockholders of record by August 11, 2022. The company reported a 7.54% increase in net interest income and a 4.55% rise in fully diluted earnings per share for Q2 2022. Chairman Allan Kitagawa stated the company's strong capital and asset quality positions it well in uncertain times, with intentions to enhance shareholder value through dividends and share repurchases.

Territorial Bancorp Inc. (NASDAQ: TBNK) reported a net income of $4.11 million for Q2 2022, slightly up from $4.06 million in Q2 2021. Net interest income rose by 7.54% to $14.07 million, with an improved net interest margin of 2.72%. Fully-diluted earnings per share increased by 4.55% to $0.46. The company also declared a quarterly dividend of $0.23, marking its 50th consecutive payout. Total assets increased to $2.18 billion as of June 30, 2022, with total deposits up by $47.76 million to $1.73 billion.

Territorial Bancorp (NASDAQ: TBNK) completed its eleventh stock repurchase program, buying back 220,029 shares for $5 million at an average price of $22.66 per share. This brings the total shares repurchased since 2009 to 4,124,479, representing 33.72% of its initial public offering. The Board of Directors continuously evaluates capital management strategies, including future repurchase programs, contingent on market conditions, stock pricing, and financial performance.

Territorial Bancorp Inc. (NASDAQ: TBNK) held its 2022 Annual Meeting of Stockholders on May 19, 2022, in Honolulu, Hawaii. During the meeting, Kirk W. Caldwell, Francis E. Tanaka, and Jennifer Isobe were elected to the Board of Directors for three-year terms. Additionally, stockholders ratified the appointment of Moss Adams LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2022. The meeting also involved an advisory vote on the compensation of named executive officers.

On April 28, 2022, Territorial Bancorp Inc. (TBNK) announced a quarterly cash dividend of $0.23 per share, payable on May 26, 2022, to stockholders of record as of May 12, 2022. CEO Allan Kitagawa noted a challenging first quarter but highlighted an increase in net interest income. The company aims to enhance shareholder value through dividends and share repurchases, leveraging its strong capital and asset quality as Hawaii's economy improves.

Territorial Bancorp Inc. (TBNK) reported a net income of $4.71 million for Q1 2022, down from $5.01 million in Q1 2021. However, net interest income increased by $598,000 to $13.80 million, with a net interest margin rise to 2.72%. The company also commenced its 11th share repurchase program and declared a quarterly cash dividend of $0.23 per share, marking its 49th consecutive dividend payment. Total assets remained stable at $2.13 billion, while stockholders' equity grew to $257.98 million.