secwatch.observer — SEC 8-K summary
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Issuer:     TIMBERLAND BANCORP INC (TSBK)
CIK:        0001046050
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000939057-24-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Timberland Bancorp Q2 net income $5.71M ($0.70 EPS), down 9% QoQ; NIM 3.48%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046050/000093905724000085/0000939057-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046050/000093905724000085/timb8k42324.htm
  HTML page:      https://secwatch.observer/filing/0000939057-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer