TSBK PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d

TSBK ▲ +1.62% at T+20d

NEUTRAL call ✓ call won +1.62% · α vs SPY -4.43% · entry $40.31 → $40.96

Next anchor: T+60d in 6w

Last close $41.38 (close Jun 8) · +2.66% from $40.31 entry

Entry anchored
Apr 28, 2026
via day open

T+1d

-1.75%

call -1.75% · α -2.77%

$39.60

settled 6w ago

T+5d

+1.45%

call +1.45% · α -1.66%

$40.89

settled 5w ago

T+20d

+1.62%

call +1.62% · α -4.43%

$40.96

settled 14d ago

T+60d

—

call — · α —

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Executive Summary

Timberland Bancorp reported Q2 fiscal 2026 net income of $7.13M ($0.90 diluted EPS), up 6% YoY but down 13% from the prior quarter. Asset quality deteriorated as non-performing assets rose to 0.47% of total assets (from 0.23% prior quarter), and the provision for credit losses increased to $523K. Net interest margin held steady at 3.81% and deposits grew 2% QoQ, but the sequential earnings decline and credit concerns temper the positive YoY comparison.

Actionable Insight

Watch for further credit deterioration in upcoming quarters, particularly the $4.33M hotel participation loan placed on non-accrual. The dividend increase and share buyback offer downside support, but elevated provisioning could pressure earnings if NPLs continue to rise.

Key Facts

Net income $7.13M for quarter ended March 31, 2026, up 6% from $6.76M a year ago
Diluted EPS $0.90 vs $0.85 in prior year quarter, but down from $1.04 in preceding quarter
Provision for credit losses on loans $523K vs $16K in prior quarter and $237K a year ago
Non-performing assets to total assets ratio 0.47% vs 0.23% at Dec 31, 2025 and 0.13% at March 31, 2025
Net interest margin 3.81% vs 3.79% a year ago and 3.85% prior quarter
Total deposits $1.74B, up 2% QoQ and 6% YoY
Board declared quarterly dividend of $0.29 per share, payable May 22, 2026
Repurchased 80,000 shares for $3.09M during the quarter

Financial Impact

Net income up ~$0.4M YoY but down ~$1.1M QoQ; credit provision up ~$0.3M YoY; NPLs increased $5.1M from prior quarter.

net incomeepscredit qualitynet interest margindeposit growth

Risk Factors

Rising non-performing loans and increased provision for credit losses
QoQ earnings decline of 13% signals potential earnings headwinds
Net interest margin compression if Fed rate cuts continue to impact asset yields

Market Snapshot

Exchange

Nasdaq

Sector

Savings Institutions, Not Federally Chartered

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3283331

2 reports for TSBK

T+1T+5T+20T+60

Filters

Reports for TSBK — sortable, filterable
	Type				Now
Apr 30, 2026 5w ago	8-K MIXED ★ 5/10	$39.60 $40.96	▲ +3.43%	▼ −1.54%	$41.38 (+4.49%)
Apr 28, 2026 6w ago	Press Release MIXED ★ 4/10	$40.31 $40.96	▲ +1.62%	▼ −4.43%	$41.38 (+2.66%)

US Market Status

Market Closed — Opens in 8h 12m

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