earnings
confidence high
sentiment negative
materiality 0.75
Timberland Bancorp Q2 net income $5.71M ($0.70 EPS), down 9% QoQ; NIM 3.48%
TIMBERLAND BANCORP INC
2024-Q2 EPS reported
$1.47
- Net income $5.71M, EPS $0.70, down from $6.30M ($0.77) prior quarter and $6.66M ($0.80) year ago.
- Net interest margin compressed to 3.48% from 3.60% QoQ and 3.99% year ago; funding costs rose to 2.50%.
- Net loans +2% QoQ to $1.36B; deposits +1% to $1.64B; declared $0.24 dividend (payable May 24).
- Non-performing assets 0.19% of total assets; net charge-offs only $3K for the quarter.
- Recorded $166K provision for credit losses; repurchased 99,787 shares for $2.67M at avg $26.77.