Overview
Timberland Bancorp Q3 EPS rises 22% to $0.90
Co's net interest margin expands to 3.80%, reflecting disciplined asset-liability management
Company announces new stock repurchase program for up to 5% of outstanding shares, or 393,842 shares
Outlook
Timberland expects stable margin performance going forward
Company plans to maintain a well-balanced funding mix
Company focuses on disciplined growth amid current environment
Result Drivers
NET INTEREST INCOME - Increase in net interest income compared to the preceding quarter was driven by higher average balance of interest-earning assets
LOAN PORTFOLIO GROWTH - Steady growth in multi-family and commercial real estate loans contributed to net loans receivable growth
NON-INTEREST INCOME - Rise in non-interest income compared to the preceding quarter was due to higher ATM and debit card interchange transaction fees
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.9
Q3 Net Income
$7.10 mln
Q3 Net Interest Income
$17.62 mln
Q3 Net Interest Margin
3.8%
Press Release: ID:nGNX8gfRWz
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)