Timberland Bancorp Q1 EPS rises 21%, dividend up 4%

Overview

• Bank holding company's Q1 EPS rose 21% yr/yr to $1.04

• Net income for Q1 increased 20% yr/yr, despite a 3% decline from prior qtr

• Company announced a 4% increase in quarterly cash dividend

Outlook

• Company focuses on preserving diversified funding mix and stable margin performance

• Timberland prioritizes quality and returns over volume in balance sheet expansion

• Company expands presence with new branch opening in University Place

Result Drivers

• NET INTEREST MARGIN - Timberland's net interest margin increased due to additional non-accrual interest and late fees collected, offsetting rate environment headwinds

• DEPOSIT STRATEGY - Strategic deposit pricing helped offset Federal Reserve rate cuts, maintaining stable margin performance

• BRANCH EXPANSION - Opening of new branch in University Place aims to strengthen commercial banking relationships in dynamic market

Key Details

Press Release: ID:nGNX1x4mDw

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