Timberland Bancorp, Inc., the Hoquiam, Washington-based holding company for Timberland Bank, reported fiscal 2026 net income of $31.17 million, or about $31.2 million, up 7% from $29.16 million in fiscal 2025. Diluted earnings per share increased 8% to $3.96 from $3.67. Fourth-quarter net income rose 5% from the preceding quarter to $8.11 million, or $1.04 per diluted share, but declined from $8.45 million, or $1.07 per share, a year earlier. Quarterly revenue was $30.7 million, including $22.8 million of adjusted revenue, while full-year revenue was $87.3 million. The year-earlier quarter included a $1.04 million bank owned life insurance benefit claim. The quarterly return on average assets was 1.56%, return on average equity was 11.72%, and net interest margin expanded to 3.96% from 3.85% in the preceding quarter and 3.82% a year earlier. Timberland’s Board increased the quarterly cash dividend 3% to $0.31 per share, payable November 27, 2026, to shareholders of record November 12, marking the 56th consecutive quarterly cash dividend. Net loans receivable grew 2% sequentially and 4% year over year to $1.53 billion, while total assets reached $2.06 billion and deposits rose 3% year over year to $1.77 billion. The company repurchased 40,395 shares for $1.85 million during the quarter and reported tangible book value per share of $33.54. Management said credit quality remained stable, with non-performing assets improving slightly sequentially, although net charge-offs increased because previously established specific reserves were charged off.