TSBK

EX-99.1

2 timb8k72826exh991.htm

Exhibit 99.1

Contact:

Dean J. Brydon, CEO

Jonathan A. Fischer, President & COO

Marci A. Basich, CFO

(360) 533-4747

www.timberlandbank.com

Timberland Bancorp Reports Third Fiscal Quarter Net Income of $7.72 Million

•

Quarterly EPS Increases 9% to $0.98 from $0.90 for the Comparable Quarter One Year Ago

•

Quarterly Return on Average Assets Increases to 1.51%

•

Quarterly Return on Average Equity Increases to 11.42%

•

Quarterly Net Interest Margin Increases to 3.85%

•

Announces a 3% Increase in the Quarterly Cash Dividend

HOQUIAM, WA – July 28, 2026 – Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $7.72 million, or $0.98 per diluted common share for the quarter ended June 30, 2026.  This compares to net income of $7.10 million, or $0.90 per diluted common share for the comparable quarter one year ago, and $7.13 million, or $0.90 per diluted common share, for the preceding quarter.

For the first nine months of fiscal 2026, Timberland’s net income increased 11% to $23.07 million, or $2.92 per diluted common share, from $20.72 million, or $2.60 per diluted common share, for the first nine months of fiscal 2025.

“Timberland delivered another strong quarter, with net income and earnings per share up 8% and 9%, respectively, from the prior quarter, and up 9% from the year ago quarter,” stated Dean Brydon, Chief Executive Officer.  “Net interest margin expanded, loan growth was solid, and most of our income-related ratios compared favorably with both the linked-quarter and year-over-year.  We remain encouraged by our business model and believe we are well positioned as we head into the end of our fiscal year.”

“As a result of Timberland’s strong earnings and capital position, our Board of Directors announced a 3% increase to the quarterly cash dividend to shareholders of $0.30 per share, payable on August 24, 2026, to shareholders of record on August 10, 2026,” stated Jonathan Fischer, President and Chief Operating Officer.  “This represents the 55th consecutive quarter Timberland will have paid a cash dividend and demonstrates the Board’s continued confidence in our long-term outlook.”

“Overall, this was a relatively clean quarter from an earnings standpoint, with minimal non-recurring items impacting results,” said Marci Basich, Chief Financial Officer.  “Net interest margin improved this quarter, up four basis points after a modest decline last quarter and improved five basis points year-over-year.  Our balance sheet positioning and proactive deposit pricing strategies continue to help mitigate the headwinds of the current interest rate environment.  On the deposit side, total deposits grew 1% from the prior quarter and 6% year over year.  Maintaining a disciplined funding mix and stable margin will remain a top priority going forward.”

“Net loans were up 3% from the prior quarter and 4% year-over-year,” Brydon continued.  “Even with a shifting rate environment, demand across our lending categories has remained healthy.  Credit quality held steady with modest improvements in non-performing asset levels, delinquency levels, and substandard loan levels.  Our markets continue to offer solid growth opportunities, and we remain confident in the quality of our loan portfolio and our disciplined approach to credit risk management.”

Timberland Fiscal Q3 2026 Earnings

July 28, 2026

Page 2

Earnings and Balance Sheet Highlights (at

or for the periods ended June 30, 2026, compared to June 30, 2025, or March 31, 2026):

Earnings Highlights:

•

Earnings per diluted common share (“EPS”) increased 9% to $0.98 for the current quarter from $0.90 for the comparable quarter one year ago and $0.90 for the preceding quarter; EPS increased 12% to $2.92 for the first nine months of fiscal 2026 from $2.60 for the first nine months of fiscal 2025;

•

Net income increased 9% to $7.72 million for the current quarter from $7.10 million for the comparable quarter one year ago and increased 8% from $7.13 million for the preceding quarter; Net income increased 11% to $23.07 million for the first nine months of fiscal 2026 from $20.72 million for the first nine months of fiscal 2026;

•

Return on average equity (“ROE”) and return on average assets (“ROA”) for the current quarter were 11.42% and 1.51%, respectively;

•

Net interest margin (“NIM”) for the current quarter increased to 3.85% from 3.80% for the comparable quarter one year ago and 3.81% for the preceding quarter; and

•

The efficiency ratio for the current quarter improved to 53.40% from 54.48% for the comparable quarter one year ago and 55.37% for the preceding quarter.

Balance Sheet Highlights:

•

Total assets increased 1% from the prior quarter and increased 5% year-over-year;

•

Net loans receivable increased 3% from the prior quarter and increased 4% year-over-year;

•

Total deposits increased 1% from the

EX-99.1

2 timb8k42826exh991.htm

Exhibit 99.1

Contact:

Dean J. Brydon, CEO

Jonathan A. Fischer, President & COO

Marci A. Basich, CFO

(360) 533-4747

www.timberlandbank.com

Timberland Bancorp Reports Second Fiscal Quarter Net Income of $7.1 Million

•

EPS Increases 6% to $0.90 from $0.85 for the Comparable Quarter One Year Ago

•

Quarterly Return on Average Assets of 1.43%

•

Quarterly Return on Average Equity of 10.72%

•

Quarterly Net Interest Margin of 3.81%

HOQUIAM, WA – April 28, 2026 – Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $7.13 million, or $0.90 per diluted common share for the quarter ended March 31, 2026.  This compares to net income of $6.76 million, or $0.85 per diluted common share for the comparable quarter one year ago, and $8.22 million, or $1.04 per diluted common share, for the preceding quarter.

For the first six months of fiscal 2026, Timberland’s net income increased 13% to $15.35 million, or $1.94 per diluted common share, from $13.62 million, or $1.71 per diluted common share, for the first six months of fiscal 2025.

“Timberland delivered another strong quarter, with net income and earnings per share both growing 6% compared to the year ago quarter” stated Dean Brydon, Chief Executive Officer.  “Net income and earnings per share were down 13% from the prior quarter, primarily due to higher provision for credit losses and a modest reduction in net interest income reflecting a decrease in average interest-earning assets.  Most of our key income-related metrics reflect year-over year improvement, and our fundamentals remain sound.”

“As a result of Timberland’s strong earnings and capital position, our Board of Directors announced a quarterly cash dividend to shareholders to $0.29 per share, payable on May 22, 2026, to shareholders of record on May 8, 2026,” stated Jonathan Fischer, President and Chief Operating Officer.  “This represents the 54th consecutive quarter Timberland will have paid a cash dividend and demonstrates the Board’s continued confidence in our long-term outlook.”

“Our net interest margin remained relatively stable, declining four basis points from the prior quarter while improving two basis points year-over-year,” said Marci Basich, Chief Financial Officer.  “After largely offsetting the impact of Federal Reserve rate cuts in the prior quarter, we are beginning to see those cuts have a more direct effect on our margin.  Our balance sheet positioning and proactive deposit pricing strategies continue to help mitigate these headwinds.  It is also worth noting that the comparison to the prior quarter is somewhat affected by one-time items — collected non-accrual interest and late fees added approximately one basis point to the margin during the current quarter, compared to a six basis point benefit from similar items in the prior quarter.  On the deposit side, total deposits grew 2% from the prior quarter and 6% year-over-year. Discipline around our funding mix and margin stability will continue to be central to how we operate.”

“Net loans were down slightly during the quarter, driven primarily by higher loan payoff activity,” Brydon continued.  “Credit quality is an area we continue to monitor closely, and this quarter delinquent and non-accrual loans increased, driven primarily by an isolated participation loan that was moved to non-accrual status during the quarter.  We remain confident in the overall strength of our loan portfolio and our disciplined approach to credit risk management.”

“Our new full-service branch in University Place, which opened January 12, 2026, is gaining traction and expanding our ability to serve clients in the area between our Gig Harbor and Tacoma locations.  Early momentum is encouraging, and we see strong opportunity to deepen commercial banking relationships with the businesses driving growth in this community,” added Fischer.

Timberland Fiscal Q2 2026 Earnings

April 28, 2026

Page 2

Earnings and Balance Sheet Highlights (at

or for the periods ended March 31, 2026, compared to March 31, 2025, or December 31, 2025):

Earnings Highlights:

•

Earnings per diluted common share (“EPS”) increased 6% to $0.90 for the current quarter from $0.85 for the comparable quarter one year ago and decreased 13% from $1.04 for the preceding quarter; EPS increased 13% to $1.94 for the first six months of fiscal 2026 from $1.71 for the first six months of fiscal 2025;

•

Net income increased 6% to $7.13 million for the current quarter from $6.76 million for the comparable quarter one year ago and decreased 13% from $8.22 million for the preceding quarter;  Net income increased 13% to $15.35 million for the first six months of fiscal 2026 from $13.62 million for the first six months of fiscal 2026;

•

Return on average equity (“ROE”) and return on average assets (“ROA”) for the current quarter were 10.72% and 1.43%, respect

false000104605000010460502026-01-262026-01-26

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 26, 2026

Timberland Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Washington

0-23333

91-1863696

State or other jurisdiction

Of incorporation

Commission

File Number

(I.R.S. Employer

Identification No.)

624 Simpson Avenue, Hoquiam, Washington

98550

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number (including area code) (360) 533-4747

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on

which registered

Common Stock, par value $.01 per share

TSBK

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 2.02 Results of Operations and Financial Condition

On January 26, 2026, Timberland Bancorp, Inc. (the “Company”) issued its earnings release for the quarter ended December 31, 2025.  The release also announced the declaration of a quarterly cash dividend of $0.29 per common share.  A copy of the earnings release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Earnings Release of Timberland Bancorp, Inc. dated January 26, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

TIMBERLAND BANCORP, INC.

DATE:  January 26, 2026

By:  /s/ Marci A. Basich

Marci A. Basich

Chief Financial Officer