Timberland Bancorp 2026 Fiscal Year’s Net Income Increases 7% to $31.2 Million
Key Highlights
- ➤Fiscal-year net income $31.17 million, up 7% year over year
- ➤Fiscal-year EPS $3.96, up 8% from $3.67
- ➤Quarterly EPS $1.04, up 6% from preceding quarter
- ➤Quarterly net interest margin 3.96%, up 11 basis points sequentially
- ➤Quarterly dividend increased 3% to $0.31 per share
Expert Statements
Dean Brydon, Chief Executive Officer of Timberland Bancorp
“We closed out the fiscal year on a high note, delivering record annual earnings per share and a strong fourth quarter.”
Jonathan Fischer, President and Chief Operating Officer of Timberland Bancorp
“As a result of Timberland’s strong earnings and capital position, our Board of Directors announced a 3% increase to the quarterly cash dividend to shareholders of $0.31 per share, payable on November 27, 2026, to shareholders of record on November 12, 2026.”
Jonathan Fischer, President and Chief Operating Officer of Timberland Bancorp
“Marking our 56th consecutive quarterly cash dividend, this payment reflects the Board’s continued confidence in Timberland’s long-term prospects.”
Marci Basich, Chief Financial Officer of Timberland Bancorp
“Overall, fourth quarter earnings were strong and largely free of non-recurring items.”
Marci Basich, Chief Financial Officer of Timberland Bancorp
“Revenue generation was strong and net interest margin expanded 11 basis points from the prior quarter and 14 basis points from the year-ago quarter, reflecting our disciplined approach to pricing on both sides of the balance sheet.”
Marci Basich, Chief Financial Officer of Timberland Bancorp
“We also continued to build shareholder value during the quarter, growing tangible book value per share (non-GAAP) to $33.54, while repurchasing 40,395 shares of our common stock.”
Marci Basich, Chief Financial Officer of Timberland Bancorp
“These actions, combined with the dividend increase, reflect both the strength of our earnings and our confidence in the long-term value of the franchise.”
Dean Brydon, Chief Executive Officer of Timberland Bancorp
“Net loans grew 2% from the prior quarter, a testament to the strength of our lending teams and the continued demand we are seeing in our markets.”
Dean Brydon, Chief Executive Officer of Timberland Bancorp
“Credit quality held steady with modest improvements in non-performing asset levels, delinquency levels, and substandard loan levels.”
Dean Brydon, Chief Executive Officer of Timberland Bancorp
“While net charge-offs increased, that was largely the result of charging off specific reserves we had already set up on several loans in prior periods.”
Dean Brydon, Chief Executive Officer of Timberland Bancorp
“Our markets continue to offer solid growth opportunities and we remain confident in the quality of our loan portfolio and our disciplined approach to credit risk management.”
* Fiscal Year EPS Increases 8% to $3.96 * Quarterly EPS Increases 6% to $1.04 from $0.98 for Preceding Quarter * Quarterly Return on Average Assets Increases to 1.56% * Quarterly Return on Average Equity Increases to 11.72% * Quarterly Net Interest Margin Increases to 3.96% * Quarterly Cash Dividend Increases 3% HOQUIAM, Wash., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $31.17 million for the fiscal year ended September 30, 2026, an increase of 7% from $29.16 million for the fiscal year ended September 30, 2025. Earnings per diluted common share (“EPS”) increased 8% to $3.96 for the 2026 fiscal year from $3.67 for the 2025 fiscal year.
Timberland also reported net income of $8.11 million, or $1.04 per diluted common share for the quarter ended September 30, 2026. This compares to net income of $7.72 million, or $0.98 per diluted common share for the preceding quarter, and $8.45 million, or $1.07 per diluted common share, for the comparable quarter one year ago. (Note: net income for the comparable quarter one year ago was increased by a $1.04 million bank owned life insurance benefit claim.)
Get started
Create a free account to read the full story.