TSBK News & Events

Reports Q2 revenue $21.05M vs $21.71M last year. "Timberland delivered another strong quarter, with net income and earnings per share both growing 6% compared to the year ago quarter," stated Dean Brydon, Chief Executive Officer. "Net income and earnings per share were down 13% from the prior quarter, primarily due to higher provision for credit losses and a modest reduction in net interest income reflecting a decrease in average interest-earning assets. Most of our key income-related metrics reflect year-over year improvement, and our fundamentals remain sound."

"Timberland generated strong fiscal fourth quarter financial results," stated Dean Brydon, CEO. "Compared to the prior quarter, fourth quarter net income and EPS increased by 7%, primarily due to an improvement in our net interest margin and, to a lesser extent, higher non-interest income. Additionally, key financial metrics improved compared to the prior quarter and tangible book value per share continued its upward trajectory. As a result of Timberland's solid earnings, our Board of Directors announced a 4% increase to the quarterly cash dividend to shareholders to $0.25 per share, payable on November 29, 2024, to shareholders of record on November 15, 2024. Timberland's continued solid financial performance has allowed us to increase the quarterly cash dividend to our shareholders while continuing to maintain a strong capital position." This represents the 48th consecutive quarter Timberland will have paid a cash dividend.

Reports Q4 tangible book value per share $28.87. Reports Q4 CET1 capital ratio 18.14%. "Timberland generated strong fiscal fourth quarter financial results," stated Dean Brydon, CEO. "Compared to the prior quarter, fourth quarter net income and EPS increased by 7%, primarily due to an improvement in our net interest margin and, to a lesser extent, higher non-interest income. Additionally, key financial metrics improved compared to the prior quarter and tangible book value per share continued its upward trajectory. As a result of Timberland's solid earnings, our Board of Directors announced a 4% increase to the quarterly cash dividend to shareholders to $0.25 per share, payable on November 29, 2024, to shareholders of record on November 15, 2024. Timberland's continued solid financial performance has allowed us to increase the quarterly cash dividend to our shareholders while continuing to maintain a strong capital position."