Core Insights - Timberland Bancorp, Inc. reported a 20% increase in net income to $29.16 million for the fiscal year ended September 30, 2025, compared to $24.28 million for the previous year, with earnings per diluted share rising 22% to $3.67 from $3.01 [1][9] - The company achieved record results for the fiscal year, with significant year-over-year gains across all major profitability measures, and announced an 8% increase in the quarterly cash dividend to $0.28 per share [3][4] Financial Performance - For the quarter ended September 30, 2025, net income was $8.45 million, or $1.07 per diluted share, up 19% from the previous quarter and 33% from the same quarter last year [2][9] - Operating revenue for the current quarter increased 10% to $22.49 million from $20.50 million in the preceding quarter, and 15% from $19.48 million year-over-year [7] - Net interest income rose by $773,000, or 4%, to $18.40 million for the current quarter, and increased $6.03 million, or 9%, to $70.20 million for the fiscal year [8][11] Balance Sheet Highlights - Total assets surpassed $2 billion for the first time, increasing 3% from the prior quarter and 5% year-over-year [3][9] - Total deposits increased by $47 million, or 3%, to $1.72 billion, with significant growth in non-interest-bearing balances [24][9] - The non-performing assets ratio was 0.23% at September 30, 2025, up from 0.21% in the prior quarter, indicating a slight increase in credit risk [30][9] Dividend and Shareholder Returns - The Board of Directors announced an 8% increase in the quarterly cash dividend, marking the 52nd consecutive quarter of dividend payments [3][4] - Shareholders' equity increased by $5.95 million, or 2%, to $262.61 million, driven by net income and stock option exercises [28][9] Strategic Initiatives - The company plans to open a new full-service branch in University Place, enhancing its market presence and commercial banking relationships [3][4] - Timberland originated $100.09 million in loans during the quarter, a significant increase from $81.99 million in the previous quarter [22][9]