Timberland Bancorp Q3 EPS rises, co lifts dividend
Timberland Bancorp Q3 EPS rises, co lifts dividend
Overview
Net interest margin improved to 3.85% from 3.80% a year ago and 3.81% for the preceding quarter
US regional bank's fiscal Q3 EPS rose 9% year-over-year
Company announced a 3% increase in the quarterly cash dividend
Outlook
Company did not provide specific financial guidance for future quarters or the full year
Result Drivers
LOAN GROWTH - Net loans receivable rose 3% from the prior quarter, driven by increases in commercial real estate and construction loans
NET INTEREST MARGIN EXPANSION - Net interest margin improved to 3.85%, supported by sequential higher interest income on loans and a larger average balance of interest-earning assets
DEPOSIT GROWTH - Total deposits increased 1% from the prior quarter and 6% year-over-year, contributing to funding stability
Company press release: ID:nGNXbXZv8S
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $0.98 |
|
Q3 Net Income |
| $7.72 mln |
|
Q3 Net Interest Income |
| $18.81 mln |
|
Q3 Net Interest Margin |
| 3.85% |
|
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(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.)