Welcome to our dedicated page for Timberland Bncp news (Ticker: TSBK), a resource for investors and traders seeking the latest updates and insights on Timberland Bncp stock.
Timberland Bancorp Inc (TSBK) provides investors and stakeholders with centralized access to official financial updates and strategic developments from this Washington-based community banking institution. This resource aggregates all material disclosures including quarterly earnings reports, regulatory filings, and corporate announcements to streamline market research.
Users gain immediate access to critical information about loan portfolio performance, deposit growth trends, and leadership decisions impacting TSBK's operations across 15 Washington counties. The curated collection spans multiple news categories including financial results, regulatory compliance updates, branch network expansions, and community banking initiatives.
Bookmark this page for efficient tracking of Timberland Bancorp's operational milestones and banking sector developments. Regular updates ensure stakeholders maintain current awareness of the company's financial position and strategic direction within the Pacific Northwest banking landscape.
Timberland Bancorp (NASDAQ: TSBK) reported strong second fiscal quarter results with net income of $6.76 million, or $0.85 per diluted share, for Q2 2025. The quarterly earnings per share increased 21% from $0.70 year-over-year, while showing a slight 1% decrease from $0.86 in the previous quarter.
Key highlights include:
- Net interest margin expanded to 3.79%
- Return on average assets of 1.43%
- Return on average equity of 10.95%
- Total assets increased 1% to $1.93 billion
- Net loans receivable grew 4% year-over-year
- Board approved 4% increase in quarterly cash dividend to $0.26 per share
The bank maintained strong credit quality with non-performing assets ratio improving to 0.13%. Total deposits increased by $20 million (1%) during the quarter, driven by growth in checking and certificate of deposit accounts.
Timberland Bancorp (NASDAQ: TSBK) reported strong financial results for Q1 FY2025, with net income increasing to $6.86 million ($0.86 per diluted share), up from $6.36 million ($0.79) in the previous quarter and $6.30 million ($0.77) year-over-year.
Key performance metrics showed improvement, with Return on Average Assets at 1.41% and Return on Average Equity at 11.03%. The net interest margin expanded to 3.64%, primarily due to reduced funding costs. The company maintained strong credit quality with non-performing assets at 0.16% of total assets.
The Board announced a quarterly cash dividend of $0.25 per share, marking the 49th consecutive quarter of dividend payments. During the quarter, 27,260 shares were repurchased for $883,000. Total assets decreased 1% to $1.91 billion, while net loans decreased 1% and deposits declined 1% compared to the previous quarter.
Timberland Bancorp reported net income of $6.36 million ($0.79 EPS) for Q4 2024, up 7% from previous quarter but down 4% year-over-year. The fiscal year 2024 net income was $24.28 million ($3.01 EPS), down 10% from 2023. Key highlights include: net interest margin improvement to 3.58%, 9% year-over-year increase in net loans, 6% growth in deposits, and a 4% increase in quarterly cash dividend to $0.25 per share. The bank maintained strong credit quality with minimal net charge-offs and non-performing assets at 0.20% of total assets.
Timberland Bancorp, Inc. (NASDAQ: TSBK), the holding company for Timberland Bank, has been named to the Piper Sandler Bank and Thrift Sm-All Stars: Class of 2024. This prestigious recognition identifies Timberland Bank as one of the top performing, publicly traded small-cap banks and thrifts in the nation. Piper Sandler's report recognized Timberland among the top 30 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion.
The selection criteria focused on growth, profitability, credit quality, and capital strength. Dean Brydon, Chief Executive Officer of Timberland, expressed honor in receiving this recognition, attributing it to the dedication and commitment of Timberland's employees in supporting their communities.
Timberland Bancorp (NASDAQ: TSBK) announced a net income of $5.92 million with an EPS of $0.74 for the quarter ended June 30, 2024. This marks a 4% and 6% increase in net income and EPS respectively from the preceding quarter, but a 6% decrease in net income and 4% decrease in EPS year-over-year. For the first nine months of fiscal 2024, net income fell 12% to $17.93 million with an EPS of $2.21. Key metrics: ROA of 1.25%, ROE of 9.95%, and NIM increased to 3.53% from 3.48% in the previous quarter.
Loans grew 11% YoY and deposits increased 5% YoY. Despite a quarterly decrease of $10 million in total deposits, the bank maintains strong liquidity with $665 million in secured borrowing capacity. The Board announced a $0.24 per share dividend payable on August 23, 2024.
Asset quality: Non-performing assets to total assets ratio at 0.22%, net charge-offs at $36,000. Total assets slightly decreased to $1.90 billion in the quarter.
Timberland Bancorp (NASDAQ: TSBK) reported strong results for the second fiscal quarter ended March 31, 2023, with net income rising 25% to $6.66 million ($0.80 per diluted share), up from $5.33 million ($0.63 per diluted share) year-over-year. The EPS increased by 27% compared to the same quarter last year. For the first six months, net income grew 31% to $14.17 million ($1.70 per share). Despite a slight decrease in total assets by 5% year-over-year, loan portfolios surged by 17%. The company also announced a quarterly cash dividend of $0.23 per share, maintaining a solid capital position and a non-performing asset ratio of only 0.12%. However, total deposits dipped by 6% year-over-year due to competitive pressures. The net interest margin stood strong at 3.99%, reflecting the higher interest rate environment.
