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Sep 30, 2024
Timberland Q4 2024 Earnings Report
Timberland Bancorp reported net income for the fourth fiscal quarter, with increased EPS and net income compared to the preceding quarter.
Key Takeaways
Timberland Bancorp reported a net income of $6.36 million, or $0.79 per diluted common share, for the quarter ended September 30, 2024. This represents an increase in net income and EPS compared to the prior quarter, driven by an improvement in net interest margin and higher non-interest income. The Board of Directors announced a 4% increase to the quarterly cash dividend to shareholders.
Net income increased 7% to $6.36 million for the current quarter from $5.92 million for the preceding quarter.
Earnings per diluted common share increased 7% to $0.79 for the current quarter from $0.74 for the preceding quarter.
Net interest margin expanded to 3.58% for the current quarter from 3.53% for the preceding quarter.
Total deposits increased 1% from the prior quarter and increased 6% year-over-year.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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