Timberland Bank reports growing profitability for third fiscal quarter

Timberland Bancorp, Inc. (NASDAQ: TSBK) last week reported net income of $4.28 million, or $0.58 per diluted common share, for its third fiscal quarter ended June 30. This compares to net income of $2.55 million, or $0.36 per diluted common share, for the quarter ended June 30, 2016, and net income of $3.13 million, or $0.42 per diluted common share, for the preceding quarter ended March 31, 2017.

For the first nine months of fiscal 2017, Timberland earned $10.55 million, or $1.44 per diluted common share, a 42 percent increase in net income and a 37 percent increase in earnings per diluted common share from the $7.46 million, or $1.05 per diluted common share, reported for the first nine months of fiscal 2016.

Timberland’s board of directors also declared a quarterly dividend of $0.11 per common share, payable on Aug. 25 to shareholders of record on Aug. 11. The board of directors also declared a special one-time dividend of $0.08 per share payable on Aug. 25 to shareholders of record on Aug. 11.