Timberland Bancorp (TSBK) investor relations material

Executive summary

• Net income for Q2 2026 was $7.13 million, up 6% year-over-year but down 13% sequentially from Q1 2026.

• EPS rose 6% year-over-year to $0.90, but declined from $1.04 in the prior quarter.

• Return on average assets was 1.43% and return on average equity was 10.72% for the quarter.

• Board declared a $0.29 per share quarterly dividend, marking 54 consecutive quarters of dividends.

• Opened a new full-service branch in University Place in January 2026.

Financial highlights

• Operating revenue for Q2 2026 was $21.05 million, up 6% year-over-year but down 3% sequentially.

• Net interest income was $18.24 million, up 6% year-over-year but down 4% from Q1 2026.

• Non-interest income increased 4% year-over-year to $2.81 million.

• Total assets grew 6% year-over-year to $2.05 billion.

• Total deposits increased 6% year-over-year to $1.74 billion.

• Net loans receivable rose 2% year-over-year to $1.45 billion.

Outlook and guidance

• Management remains confident in loan portfolio strength and disciplined credit risk management.

• Focus continues on margin stability and proactive deposit pricing to mitigate rate cut impacts.

• Board's continued dividend payments reflect confidence in long-term outlook.