Territorial Bancorp (TBNK) Tops Q3 EPS by 1c

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Territorial Bancorp Inc. Announces Third Quarter 2022 Results

October 27, 2022 4:30 PM EDT

Net income for the three months ended September 30, 2022 was $3.89 million or $0.44 cents per fully diluted share.Net interest income rose by $478,000, or 3.45%, to $14.34 million for the three months ended September 30, 2022 compared to $13.86 million for the three months ended September 30, 2021.Net interest margin rose to 2.75% for the three months ended September 30, 2022 from 2.72% for the three months ended September 30, 2021.Total interest income rose by $876,000, or 5.73%, to $16.15 million for the three months ended September 30, 2022 compared to $15.28 million for the three months ended September 30, 2021.The Company announced that it completed its eleventh share repurchase program during the... More