Timberland Bancorp Q3 EPS rises, co lifts dividend

Overview

• Net interest margin improved to 3.85% from 3.80% a year ago and 3.81% for the preceding quarter

• US regional bank's fiscal Q3 EPS rose 9% year-over-year

• Company announced a 3% increase in the quarterly cash dividend

Outlook

• Company did not provide specific financial guidance for future quarters or the full year

Result Drivers

• LOAN GROWTH - Net loans receivable rose 3% from the prior quarter, driven by increases in commercial real estate and construction loans

• NET INTEREST MARGIN EXPANSION - Net interest margin improved to 3.85%, supported by sequential higher interest income on loans and a larger average balance of interest-earning assets

• DEPOSIT GROWTH - Total deposits increased 1% from the prior quarter and 6% year-over-year, contributing to funding stability

Company press release: ID:nGNXbXZv8S

Key Details

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)