Timberland ( (TSBK) ) has released its Q3 earnings. Here is a breakdown of the information Timberland presented to its investors.
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Timberland Bancorp, Inc. is a holding company for Timberland Bank, providing a range of lending and deposit services across several counties in Washington through its 23 branches. In the third fiscal quarter of 2025, Timberland Bancorp reported a net income increase to $7.10 million, with earnings per share rising by 22% compared to the same quarter last year. The company’s net interest margin also improved, reaching 3.80%. Timberland announced a new stock repurchase program, allowing the repurchase of up to 5% of its outstanding shares, which aims to enhance long-term shareholder value.
The company’s financial performance was marked by a 5% increase in net income from the previous quarter and a 20% increase year-over-year. Key profitability metrics showed improvement, with return on average assets at 1.47% and return on average equity at 11.23%. The bank’s total assets grew by 1% from the previous quarter and 3% year-over-year, while total deposits and net loans receivable also saw similar growth patterns.
Timberland’s balance sheet remained strong, with a well-capitalized position and a total risk-based capital ratio of 20.54%. The efficiency ratio improved to 54.48%, reflecting better cost management. The company maintained a solid liquidity position, with significant borrowing capacity available through the Federal Home Loan Bank and the Federal Reserve.
Looking forward, Timberland’s management remains optimistic about navigating the current economic environment, focusing on disciplined growth and maintaining a strong capital position to drive long-term shareholder value.