Timberland Bancorp Named to Piper Sandler Bank and Thrift 2024 Sm-All Stars
Timberland Bancorp, Inc. (NASDAQ: TSBK), the holding company for Timberland Bank, has been named to the Piper Sandler Bank and Thrift Sm-All Stars: Class of 2024. This prestigious recognition identifies Timberland Bank as one of the top performing, publicly traded small-cap banks and thrifts in the nation. Piper Sandler's report recognized Timberland among the top 30 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than $2.5 billion.
The selection criteria focused on growth, profitability, credit quality, and capital strength. Dean Brydon, Chief Executive Officer of Timberland, expressed honor in receiving this recognition, attributing it to the dedication and commitment of Timberland's employees in supporting their communities.
Timberland Bancorp, Inc. (NASDAQ: TSBK), la holding company per Timberland Bank, è stata nominata tra le stelle della classe 2024 di Piper Sandler Bank and Thrift Sm-All Stars. Questo prestigioso riconoscimento identifica Timberland Bank come una delle banche e cooperative di credito a piccola capitalizzazione più performanti e quotate in borsa della nazione. Il rapporto di Piper Sandler ha riconosciuto Timberland tra le 30 istituzioni di piccola capitalizzazione con le migliori performance da un elenco di banche e cooperative di credito quotate negli Stati Uniti con una capitalizzazione di mercato inferiore a 2,5 miliardi di dollari.
I criteri di selezione si sono concentrati su crescita, redditività, qualità del credito e solidità patrimoniale. Dean Brydon, CEO di Timberland, ha espresso il suo onore per aver ricevuto questo riconoscimento, attribuendolo alla dedizione e all'impegno dei dipendenti di Timberland nel supportare le loro comunità.
Timberland Bancorp, Inc. (NASDAQ: TSBK), la empresa matriz de Timberland Bank, ha sido nombrada en los Piper Sandler Bank and Thrift Sm-All Stars: Clase de 2024. Este prestigioso reconocimiento identifica a Timberland Bank como una de las mejores entidades bancarias y de ahorro cotizadas en bolsa de pequeña capitalización en la nación. El informe de Piper Sandler reconoció a Timberland entre las 30 instituciones de pequeña capitalización con mejor desempeño de una lista de bancos y entidades de ahorro cotizadas en EE. UU. con capitalizaciones de mercado inferiores a 2.5 mil millones de dólares.
Los criterios de selección se centraron en crecimiento, rentabilidad, calidad crediticia y solidez de capital. Dean Brydon, CEO de Timberland, expresó su honor al recibir este reconocimiento, atribuyéndolo a la dedicación y el compromiso de los empleados de Timberland en apoyar a sus comunidades.
Timberland Bancorp, Inc. (NASDAQ: TSBK), Timberland Bank의 지주 회사가 Piper Sandler 은행 및 저축 협동조합 Sm-All Stars: 2024년 클래스에 선정되었습니다. 이 권위 있는 인정은 Timberland Bank를 국내에서 가장 우수한 성과를 내는 상장 소형 은행 및 저축 협동조합 중 하나로 식별합니다. Piper Sandler의 보고서는 시장 가치가 25억 달러 미만인 상장 은행 및 저축 협동조합 목록에서 Timberland를 성과가 가장 우수한 30개 소형 자본화 기관으로 인정했습니다.
선정 기준은 성장, 수익성, 신용 품질 및 자본 강도에 중점을 두었습니다. Timberland의 CEO Dean Brydon은 이 인정을 받게 되어 영광이라고 말하며, Timberland 직원들이 지역사회를 지원하는 데 헌신하고 헌신한 덕분이라고 덧붙였습니다.
Timberland Bancorp, Inc. (NASDAQ: TSBK), la société mère de Timberland Bank, a été nommée dans le Piper Sandler Bank and Thrift Sm-All Stars: Promotion 2024. Cette prestigieuse reconnaissance identifie Timberland Bank comme l'une des meilleures banques et caisses d'épargne de petite capitalisation cotées en bourse du pays. Le rapport de Piper Sandler a reconnu Timberland parmi les 30 meilleures institutions de petite capitalisation en termes de performance d'une liste de banques et caisses d'épargne cotées aux États-Unis avec des capitalisations boursières inférieures à 2,5 milliards de dollars.
Les critères de sélection se sont concentrés sur la croissance, la rentabilité, la qualité du crédit et la solidité du capital. Dean Brydon, PDG de Timberland, a exprimé son honneur d'avoir reçu cette reconnaissance, l'attribuant au dévouement et à l'engagement des employés de Timberland à soutenir leurs communautés.
Timberland Bancorp, Inc. (NASDAQ: TSBK), die Holdinggesellschaft von Timberland Bank, wurde in die Piper Sandler Bank and Thrift Sm-All Stars: Klasse 2024 aufgenommen. Diese prestigeträchtige Auszeichnung kennzeichnet die Timberland Bank als eine der besten öffentlich gehandelten kleinen Banken und Sparinstitute des Landes. Der Bericht von Piper Sandler erkannte Timberland unter den 30 besten kleineren Kapitalinstitutionen aus einer Liste öffentlich gehandelter Banken und Sparinstitute in den USA mit einer Marktkapitalisierung von weniger als 2,5 Milliarden Dollar an.
Die Auswahlkriterien konzentrierten sich auf Wachstum, Rentabilität, Kreditqualität und Kapitalstärke. Dean Brydon, CEO von Timberland, äußerte sich geehrt, diesen Preis erhalten zu haben, und schrieb dies dem Engagement der Mitarbeiter von Timberland zur Unterstützung ihrer Gemeinschaften zu.
- Named to Piper Sandler Bank and Thrift Sm-All Stars: Class of 2024
- Recognized among top 30 best performing small capitalization institutions
- Demonstrated strong performance in growth, profitability, credit quality, and capital strength
- None.
HOQUIAM, Wash., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today announced its inclusion in the prestigious Piper Sandler Bank and Thrift Sm-All Stars: Class of 2024. Piper Sandler has identified Timberland Bank as one of the top performing, publicly traded small-cap banks and thrifts in the nation.
In its “Bank and Thrift Sm-All Stars: Class of 2024” report, Piper Sandler recognized Timberland among the top 30 best performing small capitalization institutions from a list of publicly traded banks and thrifts in the U.S. with market capitalizations less than
“It is an honor to be named one of the elite small-cap banks and thrifts in the United States,” stated Dean Brydon, Chief Executive Officer. “The receipt of this award is an honor and a testament to the dedication and commitment of Timberland’s employees who continue to work diligently to support those in the communities we serve.”
About Timberland Bancorp, Inc.
Timberland Bancorp, Inc., a Washington corporation, is the holding company for Timberland Bank. The Bank opened for business in 1915 and primarily serves consumers and businesses across Grays Harbor, Thurston, Pierce, King, Kitsap and Lewis counties, Washington with a full range of lending and deposit services through its 23 branches (including its main office in Hoquiam).
Disclaimer
Certain matters discussed in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to our financial condition, results of operations, plans, objectives, future performance or business. Forward-looking statements are not statements of historical fact, are based on certain assumptions and often include the words “believes,” “expects,” “anticipates,” “estimates,” “forecasts,” “intends,” “plans,” “targets,” “potentially,” “probably,” “projects,” “outlook” or similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, assumptions and statements about future economic performance. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the results anticipated or implied by our forward-looking statements, including, but not limited to: potential adverse impacts to economic conditions in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company's business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; continuing elevated levels of inflation and the impact of current and future monetary policies of the Board of Governors of the Federal Reserve System ("Federal Reserve") in response thereto; the effects of any federal government shutdown; credit risks of lending activities, including any deterioration in the housing and commercial real estate markets which may lead to increased losses and non-performing loans in our loan portfolio resulting in our ACL not being adequate to cover actual losses and thus requiring us to materially increase our ACL through the provision for credit losses; changes in general economic conditions, either nationally or in our market areas; changes in the levels of general interest rates, and the relative differences between short and long-term interest rates, deposit interest rates, our net interest margin and funding sources; fluctuations in the demand for loans, the number of unsold homes, land and other properties and fluctuations in real estate values in our market areas; secondary market conditions for loans and our ability to sell loans in the secondary market; results of examinations of us by the Federal Reserve and of our bank subsidiary by the Federal Deposit Insurance Corporation (“FDIC”), the Washington State Department of Financial Institutions, Division of Banks or other regulatory authorities, including the possibility that any such regulatory authority may, among other things, institute a formal or informal enforcement action against us or our bank subsidiary which could require us to increase our ACL, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits or impose additional requirements or restrictions on us, any of which could adversely affect our liquidity and earnings; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; legislative or regulatory changes that adversely affect our business including changes in banking, securities and tax law, in regulatory policies and principles, or the interpretation of regulatory capital or other rules; our ability to attract and retain deposits; our ability to control operating costs and expenses; the use of estimates in determining fair value of certain of our assets, which estimates may prove to be incorrect and result in significant declines in valuation; difficulties in reducing risks associated with the loans in our consolidated balance sheet; staffing fluctuations in response to product demand or the implementation of corporate strategies that affect our work force and potential associated charges; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems or on the third-party vendors who perform several of our critical processing functions; our ability to retain key members of our senior management team; costs and effects of litigation, including settlements and judgments; our ability to implement our business strategies; our ability to manage loan delinquency rates; increased competitive pressures among financial services companies; changes in consumer spending, borrowing and savings habits; the availability of resources to address changes in laws, rules, or regulations or to respond to regulatory actions; our ability to pay dividends on our common stock; the quality and composition of our securities portfolio and the impact if any adverse changes in the securities markets, including on market liquidity; inability of key third-party providers to perform their obligations to us; changes in accounting policies and practices, as may be adopted by the financial institution regulatory agencies or the Financial Accounting Standards Board ("FASB"), including additional guidance and interpretation on accounting issues and details of the implementation of new accounting methods; the economic impact of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, civil unrest and other external events on our business; other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services; and other risks described elsewhere in this press release and in the Company's other reports filed with or furnished to the Securities and Exchange Commission.
Any of the forward-looking statements that we make in this press release and in the other public statements we make are based upon management's beliefs and assumptions at the time they are made. We do not undertake and specifically disclaim any obligation to publicly update or revise any forward-looking statements included in this press release to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed in this document might not occur and we caution readers not to place undue reliance on any forward-looking statements. These risks could cause our actual results for fiscal 2024 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us, and could negatively affect the Company's consolidated financial condition and results of operations as well as its stock price performance.
Contact: Dean J. Brydon, CEO
Jonathan A. Fischer, President & COO
Marci A. Basich, CFO
(360) 533-4747
www.timberlandbank.com
FAQ
What recognition did Timberland Bancorp (TSBK) receive in 2024?
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