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.
Price Chart
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.
Key Financial Metrics
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.
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
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283331 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 12w ago | Insider Cluster | $45.07 | awaiting T+60 | — | $47.90 (+6.28%) |
Aug 3, 2026 12w ago | Insider Cluster | $45.47 $47.55 | ▲ +4.57% | ▲ +2.79% | $47.90 (+5.34%) |
Jul 29, 2026 12w ago | 8-K | $45.01 $46.94 | ▲ +4.29% | ▼ −0.44% | $47.90 (+6.42%) |
Jul 28, 2026 13w ago | Press Release | $45.01 $46.94 | ▲ +4.29% | ▼ −0.44% | $47.90 (+6.42%) |
Apr 30, 2026 25w ago | 8-K | $39.60 $44.00 | ▲ +11.11% | ▲ +8.00% | $47.90 (+20.96%) |
Apr 28, 2026 26w ago | Press Release | $40.31 $43.80 | ▲ +8.67% | ▲ +4.56% | $47.90 (+18.84%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers