Timberland Bncp Stock Price, News & Analysis

Timberland Bancorp reported a net income of $7.05 million ($0.85 per share) for Q4 2022, marking a 23% increase from Q3 2022. The quarterly return on average assets rose to 1.51%, and the net interest margin expanded by 53 basis points to 3.64%. Year-over-year, net loans increased by 22%, excluding PPP loans. A quarterly cash dividend of $0.22 and a special cash dividend of $0.10 were announced, payable on November 25, 2022. Despite a slight outflow in deposits, asset quality remains strong, with non-performing assets at just 0.12% of total assets.

Timberland Bancorp reported a net income of $5.74 million or $0.69 per share for Q3 2022, reflecting an 8% increase from the prior quarter but a decline from $7.02 million a year earlier. For the first nine months, net income was $16.55 million, down from $21.57 million year-over-year. The total asset value grew by 1% to $1.89 billion, with deposits rising by 9% year-over-year. A quarterly cash dividend of $0.22 was announced, payable on August 26, 2022.

Timberland Bancorp, Inc. (NASDAQ: TSBK) announced its ranking as the 51st among the Top 200 Publicly Traded Community Banks in America by American Banker magazine, based on three-year average return on equity as of December 31, 2021. This recognition highlights the bank's strong financial performance over the past three years. Timberland Bank serves consumers and businesses in various Washington counties through its 24 branches, offering a full range of lending and deposit services.

Timberland Bancorp, Inc. (NASDAQ: TSBK) has been recognized by Keefe Bruyette & Woods, earning a spot on the 2022 Bank Honor Roll. This accolade is awarded to banks with assets exceeding $500 million that have demonstrated ten consecutive years of annual earnings per share growth. Only 17 banks nationally qualified, highlighting Timberland’s strong performance. CEO Michael Sand expressed pride in this recognition, affirming the commitment of the company's staff and its significance in the community banking sector.

Timberland Bancorp reported a net income of $5.33 million ($0.63 per diluted share) for Q2 FY2022, a decrease from $5.49 million in the previous quarter and $7.25 million a year ago. Year-to-date income totaled $10.81 million ($1.28 per share), down from $14.54 million in FY2021. The loan portfolio, excluding PPP loans, rose 6% during the quarter. The board declared a $0.22 cash dividend, payable May 27, 2022. Return on equity stood at 10.10%, with total assets increasing 10% year-over-year to $1.88 billion.

Timberland Bancorp reported a net income of $5.49 million for Q1 2022, a decrease from $6.02 million in Q4 2021 and $7.29 million in Q1 2021. Earnings per share were $0.65, down from $0.71 and $0.87 in the previous periods. The loan portfolio (excluding PPP loans) grew by 5% during the quarter. The Board announced a 5% increase in the quarterly cash dividend to $0.22 per share, payable on February 25, 2022. The company’s return on average equity stood at 10.55%, with total assets increasing 2% to $1.83 billion.

Timberland Bancorp (TSBK) reported a 14% increase in net income for fiscal year 2021, reaching $27.58 million, alongside a 14% rise in diluted EPS to $3.27. Although quarterly net income decreased to $6.02 million from $6.36 million year-over-year, the company declared a cash dividend of $0.21 per common share. The fiscal year saw a return on average assets of 1.64% and return on average equity of 13.98%, while total assets increased by 14% to $1.79 billion. Liquidity remains strong, with total deposits rising 16% year-over-year. Outlook indicates cautious optimism with rising interest rates and loan origination opportunities.

Timberland Bancorp, Inc. (NASDAQ – TSBK) announced the retirement of director James A. Davis, effective August 24, 2021, due to reaching the mandatory retirement age. Davis has served since 2017 and will take on an advisory role post-retirement. The Board also voted to reduce its size from nine to eight members. Chairman Jon Parker and President Michael Sand praised Davis for his exceptional service and contributions, particularly in technology matters, which benefited the management team.

Timberland Bancorp (NASDAQ: TSBK) reported a 20% increase in year-to-date net income, reaching $21.57 million, with a quarterly net income of $7.02 million, up 13% year-over-year. Earnings per diluted share rose to $0.83. The company declared a quarterly cash dividend of $0.21 and a special dividend of $0.10, payable on August 27, 2021. Deposits grew by 15% year-over-year, totaling $1.52 billion. The non-performing assets ratio improved to 0.14%. The board appointed Parul Bhandari, enhancing the board's technology expertise.