secwatch.observer — SEC 8-K summary
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Issuer:     TIMBERLAND BANCORP INC (TSBK)
CIK:        0001046050
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000939057-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046050/000093905723000006/0000939057-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046050/000093905723000006/timb8k12323.htm
  HTML page:      https://secwatch.observer/filing/0000939057-23-000006

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