secwatch.observer — SEC 8-K summary
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Issuer:     TIMBERLAND BANCORP INC (TSBK)
CIK:        0001046050
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000939057-22-000118
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timberland Q2 net income $5.33M ($0.63 EPS) down YoY; loan growth 5.7% ex-PPP
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- Net income $5.33M ($0.63 diluted EPS) vs $7.25M ($0.86) YoY; six-month EPS $1.28 vs $1.73.
- Net interest margin 2.95% (up 3 bps QoQ, down 26 bps YoY); efficiency ratio 58.42%.
- Net loans (ex-PPP) +5.7% QoQ (22.8% annualized); CRE +$26.1M, commercial business +$23.6M.
- Non-performing assets ratio improved to 0.16%; no provision for loan losses; net charge-offs $35K.
- Declared $0.22 quarterly dividend (payable May 27); repurchased 61,565 shares for $1.72M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046050/000093905722000118/0000939057-22-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046050/000093905722000118/timb8k42622.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000118

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