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Stock impact report

Timberland Bancorp Announces Second Fiscal Quarter Results

Timberland Bancorp, Inc. (TSBK) 
US:NASDAQ Investor Relations: timberlandbank.com/investor-relations
Company Research Source: GlobeNewswire
Net Income of $5.05 Million and EPS of $0.60Allowance for Loan Losses Increased 20%Return on Average Assets of 1.56%Return on Average Equity of 11.39%Announces $0.20 Quarterly Cash Dividend HOQUIAM, Wash., April 28, 2020 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”) today reported net income of $5.05 million for the quarter ended March 31, 2020 compared to $6.11 million for the comparable quarter one year ago and $6.65 million for the preceding quarter.  Earnings per diluted common share (“EPS”) were $0.60 for the current quarter compared to $0.72 for the comparable quarter one year ago and $0.78 for the preceding quarter.  Net income for the quarter ended March 31, 2020 was reduced by a $2.00 million provision to the loan loss reserve due to the economic uncertainties associated with the COVID-19 pandemic.  This provision reduced the quarter’s EPS approximately $0.19 and increased the allowance for loan losses to 1.29% of loans receiva Show less Read more
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