Piper Sandler Upgrades Territorial Bancorp (TBNK) to Neutral

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Territorial Bancorp Inc. Announces First Quarter 2024 Results

May 3, 2024 4:30 PM EDT

The Companys tier one leverage and risk-based capital ratios were 11.58% and 28.84%, respectively, and the Company is considered to be well-capitalized at March 31, 2024.Ratio of non-performing assets to total assets of 0.10% at March 31, 2024.Strong liquidity position with $90 million in cash balances and access to liquidity totaling $901.70 million as of March 31, 2024.

HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31,... More