Does this buyback help explain the EPS growth?

Yes, in part. While net income grew 8% to $7.72 million, EPS grew 9% year-over-year to $0.98 per diluted share. The share count reduction from repurchases contributes mechanically to higher EPS growth relative to earnings growth, a benefit that becomes more apparent when earnings growth is modest.

How much authorization remains for future repurchases?

As of June 30, 2026, 157,977 shares remained available to be repurchased under the company's existing stock repurchase plan. The filing does not disclose the total dollar authorization or the date the plan was approved.

What execution method does Timberland use for buybacks?

The filing does not specify whether repurchases are executed via Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. The company simply reports the aggregate shares and cost incurred each quarter.

How does this buyback fit with Timberland's dividend policy?

Timberland is balancing shareholder returns through both buybacks and dividends. In Q3, the company repurchased shares while simultaneously announcing a 3% increase to its quarterly dividend to $0.30 per share, marking 55 consecutive quarters of dividend payments. Both actions reflect board confidence in capital strength.

Is Timberland well-capitalized to support ongoing buybacks?

Yes. The bank maintains a total risk-based capital ratio of 20.87%, a Tier 1 leverage ratio of 12.82%, and tangible common equity to tangible assets of 12.61%—all well above regulatory minimums. With $7.72 million in quarterly net income and strong asset quality improving, the company has capacity for continued share repurchases alongside dividends.

TSBK 8-K Filed 2026-07-29 Execution disclosure

Timberland Bancorp repurchased 70,000 shares in Q3 2026

Regional bank executed $2.83M in buybacks at $40.49 average price; 157,977 shares remain authorized

Shares repurchased70K

Avg price paid$40.49

MechanismNot specified

What the filing says

Timberland Bancorp, Inc. (NASDAQ: TSBK) repurchased 70,000 shares of its common stock during the third fiscal quarter ended June 30, 2026, spending $2.83 million at an average price of $40.49 per share. The buyback reduced shares outstanding from 7.88 million to 7.77 million and was funded from operating earnings as part of the company's capital management strategy.

The repurchase was executed under the company's existing stock repurchase plan, under which 157,977 shares remained available for repurchase as of June 30, 2026. The execution mechanism and specific authorization details for the plan are not disclosed in this earnings release, though the program remains active and authorized by the board.

The quarter's share count reduction supported EPS growth, which increased 9% year-over-year to $0.98 per diluted share despite modest net income growth of 8% to $7.72 million. Timberland also announced a 3% increase in its quarterly cash dividend to $0.30 per share, marking the 55th consecutive quarter of dividend payments.

70,000 shares of common stock were repurchased during the current quarter for $2.83 million — TIMBERLAND BANCORP INC 8-K filing · View on SEC EDGAR →

What this means

Share repurchases reduce the count of outstanding shares, which can mechanically support earnings per share even when net income grows modestly. In this case, Timberland's EPS grew 9% while net income rose only 8%, a boost attributable partly to the 70,000-share reduction. The buyback signals management confidence in capital adequacy at a $2.06 billion asset regional bank that maintains well-capitalized ratios. With 157,977 shares still authorized under the existing plan, the company has flexibility for future repurchases, though the filing does not specify total authorization amount or timeline.

Frequently asked questions

How many shares did Timberland repurchase in Q3 2026?: Timberland repurchased 70,000 shares during the quarter ended June 30, 2026, spending $2.83 million at an average price of $40.49 per share. This reduced common shares outstanding from approximately 7.88 million to 7.77 million.
Does this buyback help explain the EPS growth?: Yes, in part. While net income grew 8% to $7.72 million, EPS grew 9% year-over-year to $0.98 per diluted share. The share count reduction from repurchases contributes mechanically to higher EPS growth relative to earnings growth, a benefit that becomes more apparent when earnings growth is modest.
How much authorization remains for future repurchases?: As of June 30, 2026, 157,977 shares remained available to be repurchased under the company's existing stock repurchase plan. The filing does not disclose the total dollar authorization or the date the plan was approved.
What execution method does Timberland use for buybacks?: The filing does not specify whether repurchases are executed via Rule 10b-18 open-market purchases, a 10b5-1 plan, or another mechanism. The company simply reports the aggregate shares and cost incurred each quarter.
How does this buyback fit with Timberland's dividend policy?: Timberland is balancing shareholder returns through both buybacks and dividends. In Q3, the company repurchased shares while simultaneously announcing a 3% increase to its quarterly dividend to $0.30 per share, marking 55 consecutive quarters of dividend payments. Both actions reflect board confidence in capital strength.
Is Timberland well-capitalized to support ongoing buybacks?: Yes. The bank maintains a total risk-based capital ratio of 20.87%, a Tier 1 leverage ratio of 12.82%, and tangible common equity to tangible assets of 12.61%—all well above regulatory minimums. With $7.72 million in quarterly net income and strong asset quality improving, the company has capacity for continued share repurchases alongside dividends.

execution regional-bank q3-2026 earnings-per-share capital-management dividend-plus-buyback

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.