Timberland Bancorp (TSBK) Q4 2025 earnings summary

Executive summary

• Net income for fiscal year 2025 rose 20% year-over-year to $29.16 million, with EPS up 22% to $3.67.

• Q4 net income increased 19% sequentially and 33% year-over-year to $8.45 million; EPS up 19% sequentially and 35% year-over-year to $1.07.

• Total assets surpassed $2 billion for the first time, growing 3% from the prior quarter and 5% year-over-year.

• Announced an 8% increase in the quarterly cash dividend and plans to open a new branch in University Place.

Financial highlights

• Operating revenue for Q4 increased 10% sequentially and 15% year-over-year to $22.49 million.

• Net interest income for Q4 rose 4% sequentially and 11% year-over-year to $18.40 million.

• Non-interest income for Q4 increased 42% sequentially and 40% year-over-year, driven by a $1.04 million BOLI death benefit claim.

• Total deposits grew 3% sequentially and 4% year-over-year to $1.72 billion.

• Net loans receivable increased 2% sequentially and 3% year-over-year to $1.46 billion.

Outlook and guidance

• Management expressed confidence in continued margin performance and balance sheet growth, supported by strong liquidity and disciplined asset-liability management.

• The Board's 8% dividend increase reflects confidence in the long-term outlook.