Timberland Bancorp Q3 EPS Rises 9%, Dividend Hiked 3%
TSBK sits 46% above its 52-week low of $30.52.
Summary
Timberland Bancorp reported Q3 EPS of $0.98, a 9% year-over-year increase, driven by loan growth and net interest margin expansion to 3.85%. The company also announced a 3% dividend increase, signaling confidence in its earnings trajectory. This follows a Q2 that saw rising non-accrual loans, but the current quarter's credit quality appears stable with no new deterioration mentioned. The stock is trading near its 52-week high, and this solid quarter could support further upside. Watch for any updates on the CRE hotel loan that previously pressured asset quality.
At the time of this announcement, TSBK was trading at $44.43 on NASDAQ in the Finance sector, with a market capitalization of approximately $347.8M. The 52-week trading range was $30.52 to $45.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.