Timberland Bancorp Q1 EPS rises 21%, dividend up 4%

Reuters01-27
<a href="https://laohu8.com/S/TSBK">Timberland Bancorp</a> Q1 EPS rises 21%, dividend up 4%

Overview

  • Bank holding company's Q1 EPS rose 21% yr/yr to $1.04

  • Net income for Q1 increased 20% yr/yr, despite a 3% decline from prior qtr

  • Company announced a 4% increase in quarterly cash dividend

Outlook

  • Company focuses on preserving diversified funding mix and stable margin performance

  • Timberland prioritizes quality and returns over volume in balance sheet expansion

  • Company expands presence with new branch opening in University Place

Result Drivers

  • NET INTEREST MARGIN - Timberland's net interest margin increased due to additional non-accrual interest and late fees collected, offsetting rate environment headwinds

  • DEPOSIT STRATEGY - Strategic deposit pricing helped offset Federal Reserve rate cuts, maintaining stable margin performance

  • BRANCH EXPANSION - Opening of new branch in University Place aims to strengthen commercial banking relationships in dynamic market

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

$1.04

Q1 Net Income

$8.20 mln

Q1 Net Interest Income

$18.95 mln

Q1 Net Interest Margin

3.85%

Press Release: ID:nGNX1x4mDw

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment