Timberland Bancorp, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $366.4M
- Price
- $46.81
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.05%
- Volume
- 40.6K
About
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans; and automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans, as well as commercial business loans. As of September 30, 2021, the company operated 24 branches located in Grays Harbor, Pierce, Thurston, Kitsap, King, and Lewis counties in Washington; and operated 25 proprietary automated teller machines. Timberland Bancorp, Inc. was founded in 1915 and is headquartered in Hoquiam, Washington.
Quick stats
Shares outstanding7.8M
Computed float5.7M
Float / shares72.6%
Key info
SectorFinancial Services
IndustryBanks - Regional
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001046050
AI Summary
AI-generated1/7
majorbullishearnings
Timberland Bancorp Reports Third Fiscal Quarter Net Income of $7.72 Million
Timberland Bancorp reported fiscal Q3 net income of $7.72 million, or $0.98 per diluted share, up 9% year-over-year. Net interest margin expanded to 3.85% and operating revenue grew 6% to $21.79 million, supported by a 4% increase in net loans receivable.
The Board of Directors declared a 3% increase in the quarterly cash dividend to $0.30 per share, marking the 55th consecutive quarter of dividend payments. Additionally, the company repurchased 70,000 shares of common stock during the quarter for $2.83 million.
Total assets increased to $2.06 billion, while asset quality remained strong with non-performing assets comprising just 0.43% of total assets. The company remains well capitalized with a total risk-based capital ratio of 20.87%.