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TSBK Timberland Bancorp News Story

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Timberland Bancorp Q1 EPS rises 21%, dividend up 4%

Overview

Bank holding company's Q1 EPS rose 21% yr/yr to $1.04

Net income for Q1 increased 20% yr/yr, despite a 3% decline from prior qtr

Company announced a 4% increase in quarterly cash dividend

Outlook

Company focuses on preserving diversified funding mix and stable margin performance

Timberland prioritizes quality and returns over volume in balance sheet expansion

Company expands presence with new branch opening in University Place

Result Drivers

NET INTEREST MARGIN - Timberland's net interest margin increased due to additional non-accrual interest and late fees collected, offsetting rate environment headwinds

DEPOSIT STRATEGY - Strategic deposit pricing helped offset Federal Reserve rate cuts, maintaining stable margin performance

BRANCH EXPANSION - Opening of new branch in University Place aims to strengthen commercial banking relationships in dynamic market

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EPS$1.04
Q1 Net Income$8.20 mln
Q1 Net Interest Income$18.95 mln
Q1 Net Interest Margin3.85%
Press Release: ID:nGNX1x4mDw For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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