Timberland Bancorp, Inc. reported net income of $7.10 million, or $0.90 per diluted common share, for the quarter ended June 30, 2025. This marks a 20% increase in net income and a 22% increase in earnings per share compared to the third fiscal quarter a year ago. For the first nine months of fiscal 2025, net income increased 16% to $20.72 million, or $2.60 per diluted common share.
The net interest margin continued its positive momentum, expanding to 3.80%, a one basis point increase from the prior quarter and a 27 basis point improvement year-over-year. The loan portfolio expanded 2% over the prior quarter and 3% year-over-year, with total deposits growing by $19 million, or 1%, during the quarter. The efficiency ratio improved to 54.48% for the quarter.
The Board of Directors announced a quarterly cash dividend of $0.26 per share, payable on August 22, 2025. The company also adopted a new stock repurchase program, authorizing the repurchase of up to 5% of its outstanding shares, or 393,842 shares. This new program replaces the existing one, which had 31,762 shares remaining.
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