Timberland Bancorp reports Q4 EPS 79c vs. 81c last year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
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Financial Performance: Timberland reported a Q4 tangible book value per share of $28.87 and a CET1 capital ratio of 18.14%, with net income and EPS increasing by 7% due to improved net interest margins and higher non-interest income.
Dividend Announcement: The Board of Directors declared a 4% increase in the quarterly cash dividend to $0.25 per share, reflecting Timberland's strong financial performance and commitment to maintaining a robust capital position.
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Analyst Views on TSBK
About TSBK
Timberland Bancorp, Inc. is the holding company for Timberland Bank (the Bank). The Bank primarily serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 23 branches. The Bank is a community-oriented bank which has traditionally offered a variety of savings products to its retail and business customers while concentrating its lending activities on real estate mortgage loans. Its lending activities have been focused primarily on the origination of loans secured by real estate, including residential and commercial / multi-family construction loans, one- to four-family residential loans, multi-family loans, commercial real estate loans, and land loans. The Bank also provides commercial business loans and other consumer loans. It also provides cash management, merchant services, remote deposit, online and mobile banking, online bill pay, and financial planning services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Timberland Bancorp Announces 3.6% Dividend Increase
- Quarterly Dividend Increase: Timberland Bancorp has declared a quarterly dividend of $0.29 per share, marking a 3.6% increase from the previous dividend of $0.28, reflecting the company's solid financial performance in the current rate environment.
- Forward Yield: The forward yield of 3.18% provides investors with a relatively attractive return, enhancing the company's appeal in the capital markets amidst fluctuating interest rates.
- Payment Schedule: The dividend is payable on February 27, with a record date of February 13 and an ex-dividend date also set for February 13, ensuring shareholders receive their earnings promptly.
- Investor Confidence Boost: By consistently increasing dividends, Timberland Bancorp not only enhances shareholder return expectations but also strengthens market confidence in its future financial health.
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Timberland Bancorp Reports Strong Q1 Earnings
- Earnings Per Share: Timberland Bancorp reported a Q1 GAAP EPS of $1.04, demonstrating robust profitability in the current rate environment, reflecting effective cost control and revenue growth strategies.
- Revenue Growth: The company achieved revenue of $21.7 million in Q1, indicating an increase compared to the previous year, which suggests strong sales momentum and enhances investor confidence in future performance.
- Market Rating: Seeking Alpha's Quant Rating on Timberland Bancorp is a 'Hold', indicating a cautious market outlook on its future performance, potentially reflecting concerns over risks associated with interest rate fluctuations.
- Dividend Performance: Timberland Bancorp's dividend scorecard shows strong performance within the industry, indicating the company's commitment to returning value to shareholders, which may attract income-seeking investors.
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