Timberland Bancorp reported a net income of $6.86 million, or $0.86 per diluted common share, for the quarter ended December 31, 2024. This represents an increase compared to the previous quarter and the comparable quarter one year ago. The company's net interest margin also improved, and key performance metrics showed positive trends.
Net income increased 8% to $6.86 million compared to the prior quarter.
Earnings per diluted common share increased 9% to $0.86 compared to the prior quarter.
Net interest margin expanded to 3.64% from 3.58% in the preceding quarter.
Non-performing assets to total assets ratio improved to 0.16%.
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