Timberland Bancorp (TSBK) investor relations material

Executive summary

• Net income for Q3 2026 was $7.72 million, up 9% year-over-year and 8% sequentially from the prior quarter.

• Diluted EPS rose to $0.98, a 9% increase from both the prior quarter and the same quarter last year.

• Return on average assets reached 1.51% and return on average equity was 11.42% for the quarter.

• Net interest margin expanded to 3.85%, up from 3.80% a year ago and 3.81% last quarter.

• Quarterly cash dividend increased by 3% to $0.30 per share, marking the 55th consecutive quarterly dividend.

Financial highlights

• Operating revenue for the quarter was $21.79 million, up 6% year-over-year and 4% sequentially.

• Net interest income grew 7% year-over-year to $18.81 million and 3% sequentially.

• Non-interest income increased 4% year-over-year to $2.99 million.

• Efficiency ratio improved to 53.40% from 54.48% a year ago and 55.37% last quarter.

• Provision for credit losses on loans was $600,000, up from $351,000 a year ago.

Outlook and guidance

• Management remains optimistic about business model resilience and growth opportunities in core markets.

• Focus continues on disciplined funding mix, stable margins, and proactive deposit pricing to mitigate interest rate headwinds.