|Over a month ago|
Territorial Bancorp assumed with a Neutral at Piper Sandler » 06:1308/1908/19/20
Piper Sandler analyst…
Piper Sandler analyst Andrew Liesch assumed coverage of Territorial Bancorp with a Neutral rating and $24 price target.
|Over a quarter ago|
Territorial Bancorp reports Q4 EPS 54c, consensus 47c 16:4001/3001/30/20
Territorial Bancorp declares special dividend of 50c per share » 16:3411/2011/20/19
Territorial Bancorp has…
Territorial Bancorp has declared a special cash dividend of 50c per share payable on December 18 to shareholders of record as of December 4. CEO Allan Kitagawa said, "As you know, we have had some one-time gains this year that put us ahead of the earnings we had for the first 3 quarters of 2018. We believe our capital levels are sufficient to permit us to declare our second special dividend for the year while still allowing us to execute our business plan. We will also continue our stock repurchase plan at a price that makes financial sense for our shareholders. Our Board of Directors will continue evaluating all avenues to enhance long-term shareholder returns. Including this special dividend and other dividends paid in 2019, stock purchased in our initial public offering at $10.00 per share will earn dividends equal to 14.9% of their initial investment in Territorial Bancorp."
Territorial Bancorp reports Q3 EPS 57c, consensus 48c » 16:3610/2410/24/19
Total interest income was…
Total interest income was $18.95 million for the three months ended September 30, 2019 compared to $18.28 million for the three months ended September 30, 2018. The $670,000 growth in total interest income was due to an $826,000 increase in interest income on loans, which resulted primarily from a $58.71 million increase in average loans receivable and a six basis point increase in the average loan yield. This increase was offset by a $167,000 decline in interest income on investment securities. The decrease in interest earned on investment securities was due to a $20.33 million reduction in the average securities portfolio.