Timberland Bancorp Is Now Available At A Discount To Its Tangible Book Value
TSBK
Seeking AlphaMay 12, 2024
Despite fluctuations in interest rates, Timberland Bancorp's loan portfolio is still strong. The bank saw a rise in interest income, but a slight dip in total net interest income from the previous quarter. With a solid balance sheet and few delinquent loans, Timberland Bancorp is a promising investment option.
Timberland Bancorp: Attractive At 1x TBV Thanks To Strong Loan Book
TSBK
Seeking AlphaFebruary 4, 2024
Timberland Bancorp reported a Q1 2024 increase in interest and dividend income, but a decrease in net interest income. The bank reduced its loan loss provision and recorded a net profit of $6.3M. The bank's non-performing asset ratio increased, but its allowance for credit losses remains high.