Timberland Bancorp’s Third-Quarter Profit Rises to $7.72 Million
Key Facts
Timberland Bancorp reported net income of $7.72 million for the fiscal third quarter ended June 30, 2026, compared with $7.10 million in the corresponding period of 2025, according to results filed by the company with the U.S. Securities and Exchange Commission. Diluted earnings per share were $0.98, versus $0.90 a year earlier. The figures reflect improved results at the bank during the quarter and show that the increase extended across the broader fiscal year period. Net income for the nine months ended June 30, 2026, was $23.068 million, compared with $20.715 million in the corresponding nine months of 2025. The results precede the end of the fiscal year on September 30.
The company attributed the improvement in net income for the quarter and the nine-month period mainly to higher loan yields, growth in average loan balances and lower funding costs. Its explanation combines improved returns on assets and higher average loans with a decline in the cost of funds used to finance operations. These factors provide context for the increase in income recorded in both periods through June 30. In the third quarter specifically, net income rose from $7.10 million to $7.72 million, while diluted earnings per share increased from $0.90 to $0.98. For the nine months, net income was $23.068 million, up from $20.715 million in the corresponding period.
The balance sheet showed deposit growth during the first nine months of the fiscal year. Total deposits were $1.763549 billion on June 30, 2026, compared with $1.716635 billion on September 30, 2025, according to data submitted to the SEC. The comparison is between the end-of-June balance and the balance at the end of the previous fiscal year, not the balance at the end of September 2026. Deposit growth came alongside the company’s report of higher average loan balances, one of the factors that contributed to improved net income. The figures available here, however, do not specify the loan balance on June 30 or provide a comparison at the end of the full fiscal year.
Results from the previous two years provide further background on the bank’s earnings trajectory. In fiscal 2025, net income was $29.161 million, following $24.283 million in 2024; it was $27.118 million in 2023, according to the annual report filed with the SEC. These figures show variation in annual income over the three years before the interim results for 2026. Net interest margin was 3.76% in 2025, compared with 3.54% in 2024 and 3.95% in 2023. The margin measures the relationship between interest income and funding costs, and the annual data put the interim-period improvement in the context of the bank’s performance in previous years.
The nine-month results are not a definitive indicator of full-year performance. The company said unaudited results for the period ended June 30, 2026, do not necessarily indicate expected results for the year ending September 30, 2026. The nine-month figures therefore remain separate from full-year results and do not, on their own, establish net income or deposit and loan balances at the end of September. Annual net income was $29.161 million in 2025, according to the previous annual report. The next fiscal period specified by the company ends on September 30, 2026, but the interim data in the filing do not provide results for that final quarter or the final full-year figures.