secwatch.observer — SEC 8-K summary
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Issuer:     TIMBERLAND BANCORP INC (TSBK)
CIK:        0001046050
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0000939057-22-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timberland Bancorp Q1 net income $5.49M ($0.65 EPS); raises dividend to $0.22
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- Net income $5.49M ($0.65 diluted EPS) vs $6.02M ($0.71) prior quarter and $7.29M ($0.87) year ago.
- Quarterly cash dividend increased $0.01 to $0.22 per share; payable Feb 25 to holders of record Feb 11.
- Loans (ex-PPP) grew 5% ($45.1M) during quarter; PPP loans declined to $21.4M from $40.9M.
- CEO succession plan: Dean Brydon promoted to President, to assume CEO role in Jan 2023.
- Net interest margin 2.92%; non-performing assets ratio 0.17%; no loan loss provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046050/000093905722000013/0000939057-22-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046050/000093905722000013/timb8ker12422.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer