earnings
confidence high
sentiment positive
materiality 0.70
Timberland Bancorp Q3 net income $5.74M, EPS $0.69, declares $0.22 dividend
TIMBERLAND BANCORP INC
2022-Q3 EPS reported
$1.97
- Net income $5.74M ($0.69 diluted EPS) vs $5.33M ($0.63) prior quarter and $7.02M ($0.83) year ago.
- Net loans receivable excluding PPP loans increased 5.7% (22.8% annualized) during quarter led by multi-family, commercial business, CRE.
- Net interest margin expanded 16 bps to 3.11% from 2.95% prior quarter, benefiting from Fed rate increases.
- Board declared $0.22 quarterly cash dividend payable Aug 26, 2022 to holders of record Aug 12, 2022.
- Non-performing assets to total assets improved to 0.13% from 0.16% prior quarter; no net charge-offs.