Timberland Bancorp Q1 net income $7.51M ($0.90 EPS), up 38% YoY; dividend raised 5%

TIMBERLAND BANCORP INC

2023-Q1 EPS reported $0.90

Net income $7.51M ($0.90 diluted EPS) vs $5.49M ($0.65) YoY, up 37% and 38% respectively.
Net interest margin expanded 111 bps YoY to 4.03%; ROA 1.63%, ROE 13.63%.
Quarterly cash dividend increased 5% to $0.23 per share, payable Feb 24 to holders of record Feb 10.
Loans (excl. PPP) grew 20% YoY, up 4% QoQ; non-performing assets at 0.12% of total assets.
CEO Michael Sand retiring at end of January 2023; will continue on Board.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TIMBERLAND BANCORP INC reported the quarter ended December 31, 2022 results: revenue $20.45 million, net income $7.51 million, EPS $0.90 per diluted common share.

Period: the quarter ended December 31, 2022
Revenue: $20.45 million
Net income: $7.51 million
EPS: $0.90 per diluted common share
Result: reported results

Exact text from the filing

31, 2022. Operating Results Operating revenue (net interest income before the provision for loan losses plus non-interest income) for the current quarter increased 27% to $20.45 million from $16.14 million for the comparable quarter one year ago and increased 6% from $19.26 million for the preceding quarter. The increase in operating revenue compared to the

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Source: SEC EDGAR

accession 0000939057-23-000006

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