Timberland Bancorp Q3 net income up 10% YoY to $6.31M; new stock buyback authorized

TIMBERLAND BANCORP INC

2023-Q1 EPS reported $2.47

Net income $6.31M ($0.77 diluted EPS) vs $5.74M ($0.69) a year ago, up 10% and 12% respectively.
Net interest margin 3.94% vs 3.11% a year ago; net loans grew 4% to $1.26B.
Non-performing assets improved to 0.09% of total assets; $610K provision for loan losses.
Declared $0.23 quarterly dividend (43rd consecutive quarter); new buyback of up to 404,708 shares.
ROA 1.42%, ROE 11.07%; total assets $1.81B, shareholders' equity $229.26M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TIMBERLAND BANCORP INC reported the quarter ended June 30, 2023 results: revenue $19.51 million, net income $6.31 million, EPS $0.77 per diluted common share.

Period: the quarter ended June 30, 2023
Revenue: $19.51 million
Net income: $6.31 million
EPS: $0.77 per diluted common share
Result: reported results

Exact text from the filing

Reserve. Operating Results Operating revenue (net interest income before the provision for loan losses plus non-interest income) for the current quarter increased 14% to $19.51 million from $17.08 million for the comparable quarter one year ago and decreased 1% from $19.79 million for the preceding quarter. The decrease in operating revenue compared to the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TIMBERLAND BANCORP INC reported the first nine months of fiscal 2023 results: revenue $59.74 million, net income $20.48 million, EPS $2.47 per diluted common share.

Period: the first nine months of fiscal 2023
Revenue: $59.74 million
Net income: $20.48 million
EPS: $2.47 per diluted common share
Result: reported results

Exact text from the filing

was primarily due to a decrease in net interest income as funding costs increased at a greater pace than interest income increased. Operating revenue increased by 21% to $59.74 million for the first nine months of fiscal 2023 from $49.20 million for the first nine months of fiscal 2022, primarily due to increased interest income from loans, overnight funds,

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Source: SEC EDGAR

accession 0000939057-23-000199

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