Timberland Bancorp reports Q4 EPS 79c vs. 81c last year

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.”