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TSBK Timberland Bancorp News Story

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Brief: Timberland Bancorp Q3 EPS USD 0.9

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

MetricBeat/MissActualConsensus Estimate
Q3 EPS$0.9
Q3 Net Income$7.10 mln
Q3 Net Interest Income$17.62 mln
Q3 Net Interest Margin3.8%
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.)

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