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Sep 30, 2023
Timberland Q4 2023 Earnings Report
Timberland Bancorp's net income increased and EPS grew, driven by loan portfolio growth.
Key Takeaways
Timberland Bancorp reported a net income of $6.64 million, or $0.81 per diluted common share, for the quarter ended September 30, 2023. Net income and EPS for the current quarter increased 5% compared to the prior quarter, driven by continued growth in the loan portfolio. Credit quality metrics continue to perform well, with non-performing assets at just 9 basis points at fiscal year-end.
EPS increased 5% to $0.81 for the current quarter from $0.77 for the preceding quarter.
Net income increased 5% to $6.64 million for the current quarter from $6.31 million for the preceding quarter.
Return on average equity and return on average assets for the current quarter were 11.52% and 1.45%, respectively.
Net interest margin for the current quarter compressed to 3.85% from 3.94% for the preceding quarter and expanded from 3.64% for the comparable quarter one year ago.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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