Picture of Timberland Bancorp logo

TSBK Timberland Bancorp News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedSmall CapSuper Stock

Timberland Bancorp Q2 EPS rises

Overview

US regional bank's Q2 EPS rose 6% yr/yr to $0.90

Net income and net interest income both increased 6% from a year ago

Company repurchased 80,000 shares for $3.09 mln during the quarter

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

CREDIT LOSS PROVISION - Higher provision for credit losses and increased non-accrual loans impacted results, primarily due to an isolated participation loan moved to non-accrual status

NET INTEREST INCOME - Year-over-year growth in net interest income supported results, though average interest-earning assets declined from the prior quarter

DEPOSIT GROWTH - Total deposits grew 2% from the prior quarter and 6% year-over-year, aiding funding stability

Company press release: ID:nGNX18Y3b3

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 EPS$0.90
Q2 Net Income$7.10 mln
Q2 Net Interest Income$18.24 mln
Q2 Net Interest Margin3.81%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)

Recent news on Timberland Bancorp

See all news