Timberland Bancorp (TSBK) investor relations material

Executive summary

• Net income for Q3 2026 was $7.72 million, up 9% year-over-year and 8% sequentially, with diluted EPS rising to $0.98 and return on average assets at 1.51%.

• Total assets reached $2.06 billion as of June 30, 2026, with net loans at $1.50 billion and deposits at $1.76 billion.

• Net interest margin expanded to 3.85% for Q3 2026, up from 3.80% a year ago.

• Opened a new full-service branch in University Place, WA in January 2026, expanding market presence.

• Maintained a well-capitalized position and strong liquidity, supporting future growth and dividend payments.

Financial highlights

• Net income for YTD FY 2026 reached $27.58 million, up from $23.07 million in FY 2024.

• Net interest income grew 7% year-over-year to $18.81 million for Q3 2026 and 8.1% to $56.00 million for the nine months.

• Non-interest income increased 4% year-over-year to $2.99 million for Q3 2026.

• Efficiency ratio improved to 50.12% YTD FY 2026 and 53.40% for Q3 2026.

• Earnings per diluted share YTD FY 2026 at $2.92, compared to $3.67 in FY 2024.

Outlook and guidance

• Management expects continued disciplined loan growth funded by core deposits and ongoing investment in technology and branch expansion.

• Focus on maintaining strong core deposit levels and supporting community growth.

• Optimism about business model resilience and growth opportunities in core markets.