- Earnings per share for Timberland Bancorp (TSBK, Financial) increased 21% year-over-year in Q2 2025.
- Net interest margin expanded to 3.79% in Q2 2025.
- Quarterly cash dividend increased by 4% to $0.26 per share.
Timberland Bancorp (TSBK) announced robust results for the second fiscal quarter of 2025, reporting a net income of $6.76 million, translating to an earnings per share (EPS) of $0.85. This represents a significant 21% increase from the EPS of $0.70 recorded in the same quarter last year, although it showed a slight 1% dip from the previous quarter's EPS of $0.86.
The company's net interest margin grew to 3.79%, up from 3.64% in the previous quarter and 3.48% in the same period last year. This expansion is attributed to a successful reduction in the weighted average cost of interest-bearing liabilities, which decreased by 15 basis points to 2.47% during the quarter, enhancing profitability.
Timberland Bancorp's total assets rose by 1% to $1.93 billion, with net loans receivable increasing by 4% year-over-year. The bank also maintained strong credit quality, as evidenced by an improvement in the non-performing assets ratio to 0.13%.
Additionally, the Board of Directors approved a 4% increase in the quarterly cash dividend, raising it to $0.26 per share. This marks the 50th consecutive quarter of cash dividends, underscoring the bank's confidence in its sustained profitability.
During the quarter, total deposits saw an increase of $20 million, or 1%, driven by growth in checking and certificates of deposit accounts, further reinforcing the bank's stable liquidity position.
