Timberland Bancorp fiscal 2026 profit rallies 7% to $31.17 million
Key points
- Timberland Bancorp (NASDAQ:TSBK) reported fiscal 2026 net income of $31.17 million, up 7% from the previous fiscal year.
- Diluted earnings per share increased 8% to $3.96, while fourth-quarter net income declined 4% year over year to $8.11 million.
- The bank increased its quarterly dividend 3% to $0.31 per share, repurchased 40,395 shares and reported higher net interest margins.
Timberland Bancorp (NASDAQ:TSBK) reported fiscal 2026 net income of $31.17 million, up 7% year over year, while diluted earnings per share increased 8% to $3.96.
For the fourth quarter ended September 30, 2026, net income reached $8.11 million, increasing 5% sequentially but declining 4% from the same period last year.
The year-earlier fourth quarter included a $1.04 million benefit claim from bank-owned life insurance, affecting the annual comparison.
Quarterly net interest margin increased to 3.96% from 3.85% in the previous quarter and 3.82% a year earlier, while net loans reached $1.53 billion, up 2% sequentially and 4% annually.
Quarterly operating expenses increased 6% sequentially to $12.29 million, while the bank repurchased 40,395 shares for approximately $1.85 million during the quarter.
The board increased Timberland's quarterly dividend by 3% to $0.31 per share, payable November 27, 2026, to shareholders of record November 12.
Timberland Bancorp operates as a community banking institution, with lending, deposit-taking and net interest income forming key parts of its banking business.
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