HOQUIAM, Wash., June 24, 2014 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (Nasdaq:TSBK) ("Timberland" or "the Company") today announced that it was ranked 16th in the region in the Seattle Times' annual review of Northwest public companies.
"Being recognized as a leader in the Northwest for our ongoing growth and profitability is an honor, particularly in light of the tough industry conditions over the past few years and the competitive nature of our business," noted Michael R. Sand, CEO and President of Timberland Bancorp. "To be ranked in the top 20 companies this year, and as the fifth best financial institution in the region, not only reflects our solid earnings and strong capital position but also the talent and commitment of our staff to our customers and shareholders."
To be considered for The Seattle Times' "Best of the Northwest" companies must be headquartered in Washington, Oregon or Idaho, and traded on a major stock exchange during all of 2013. Additionally, company shares cannot have closed below $2 at any time during the past year. Metrics reviewed to determine company status in the list included: free cash-flow yield, return on invested capital (ROIC), asset turnover and stock-price appreciation.
About Timberland Bancorp, Inc.
Timberland Bancorp, Inc., a Washington corporation, is the holding company for Timberland Bank ("Bank"). The Bank opened for business in 1915 and 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 22 branches (including its main office in Hoquiam).
CONTACT: Michael R. Sand, President & CEO Dean J. Brydon, CFO (360) 533-4747 www.timberlandbank.comSource:Timberland Bancorp, Inc