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Territorial Bancorp Inc   (TBNK)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $8.1000 $-0.02 -0.246%
Day's High: $8.15 Week Perf: -4.03 %
Day's Low: $ 7.85 30 Day Perf: 13.45 %
Volume (M): 67 52 Wk High: $ 14.50
Volume (M$): $ 541 52 Wk Avg: $9.64
Open: $8.10 52 Wk Low: $6.85



 Market Capitalization (Millions $) 70
 Shares Outstanding (Millions) 9
 Employees 269
 Revenues (TTM) (Millions $) 42
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) 5
 Capital Exp. (TTM) (Millions $) 1

Territorial Bancorp Inc

Territorial Bancorp Inc. is a Maryland corporation and owns 100% of the outstanding common stock of Territorial Savings Bank. On July 10, 2009, we completed our initial public offering of common stock in connection with the mutual-to-stock conversion of Territorial Mutual Holding Company, selling 12,233,125 shares of common stock at $10.00 per share. Since the completion of our initial public offering, we have not engaged in any significant business activity other than owning the common stock of and having savings deposits in Territorial Savings Bank, paying dividends and repurchasing shares of common stock.

Territorial Savings Bank is a Hawaii state-chartered savings bank headquartered in Honolulu, Hawaii. Territorial Savings Bank was organized in 1921, and reorganized into the mutual holding company structure in 2002. Territorial Savings Bank is currently the wholly-owned subsidiary of Territorial Bancorp Inc. We provide financial services to individuals, families and businesses through our 28 banking offices located throughout the State of Hawaii.

On June 25, 2014, Territorial Savings Bank converted from a federal savings bank to a Hawaii state-chartered savings bank. On July 10, 2014, Territorial Savings Bank became a member of the Federal Reserve System.

Territorial Savings Bank’s executive offices are located at 1132 Bishop Street, Suite 2200, Honolulu, Hawaii 96813. Our telephone number at this address is (808) 946-1400.

Territorial Savings Bank’s business consists primarily of accepting deposits from the general public and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans and investment securities. To a much lesser extent, we also originate home equity loans and lines of credit, construction, commercial and other nonresidential real estate loans, consumer loans, multi-family mortgage loans and other loans. Territorial Savings Bank offers a variety of deposit accounts, including passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts and Super NOW accounts. Through our subsidiary, Territorial Financial Services, Inc., we engage in insurance agency activities. We also offer various non-deposit investments to our customers, including annuities and mutual funds, through a third-party broker-dealer.


Our primary lending activity is the origination of one- to four-family residential mortgage loans. To a much lesser extent, we also originate home equity loans and lines of credit, construction, commercial and other nonresidential real estate loans, consumer loans, multi-family mortgage loans and commercial business loans.

Our Board of Directors has primary responsibility for establishing and overseeing our investment policy. The Board of Directors has delegated authority to implement the investment policy to our Investment Committee, consisting of our President and Chief Executive Officer, our Vice Chairman and Co-Chief Operating Officer, our Senior Vice President and Chief Financial Officer and our Vice President and Controller. The investment policy is reviewed at least annually by the Investment Committee, and any changes to the policy are subject to approval by the full Board of Directors. The overall objectives of the Investment Policy are to maintain a portfolio of high quality and diversified investments to maximize interest income over the long term and to minimize risk, to provide collateral for borrowings, to provide additional earnings when loan production is low, and to reduce our tax liability. The policy dictates that investment decisions give consideration to the safety of principal, liquidity requirements and potential returns. Our Senior Vice President and Chief Financial Officer executes our securities portfolio transactions as directed by the Investment Committee. All purchase and sale transactions are reported to the Board of Directors on a monthly basis.

Our current investment policy permits investments in securities issued by the United States Government as well as mortgage-backed securities and direct obligations of Fannie Mae, Freddie Mac and Ginnie Mae. The investment policy also permits, with certain limitations, investments in certificates of deposit, bank-owned life insurance, collateralized mortgage obligations, trust preferred securities, municipal securities and stock in the Federal Home Loan Bank and the Federal Reserve Bank. We purchased stock in the Federal Home Loan Bank in order to obtain services such as demand deposit accounts, certificates of deposit, security safekeeping services and borrowings in the form of advances. As a member of the Federal Reserve System, we are required to hold stock in the Federal Reserve Bank.

Deposits traditionally have been our primary source of funds for our investment and lending activities. We also borrow from the Federal Home Loan Bank and from securities dealers through securities sold under agreements to repurchase to supplement cash flow needs, to lengthen the maturities of liabilities for interest rate risk management purposes and to manage our cost of funds. Our additional sources of funds are loan repayments, maturing investments, retained earnings, income on other earning assets and the proceeds of loan and security sales.

We accept deposits primarily from the areas in which our offices are located. We rely on our competitive pricing and products, convenient locations and quality customer service to attract and retain deposits. We offer a variety of deposit accounts with a range of interest rates and terms. Our deposit accounts consist of passbook and statement savings accounts, certificates of deposit, money market accounts, commercial and regular checking accounts and Super NOW accounts. Historically, we have not accepted brokered deposits.



   Company Address: 1003 Bishop Street, Pauahi Tower Suite 500 Honolulu 96813 HI
   Company Phone Number: 946-1400   Stock Exchange / Ticker: NASDAQ TBNK
    Next quarterly dividend pay out on June 10, 2024.


Customers Net Income grew by TBNK's Customers Net Profit Margin grew to

59.16 %

13.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -2.36%    
BRKL   -2.46%    
CFFN   -1.34%    
NRIM   -1.72%    
TFSL   -3.04%    
WSBF   -2.45%    
• View Complete Report
   



Dividend

Territorial Bancorp Inc. Announces Quarterly Cash Dividend and Continues to Strengthen Shareholder Confidence

Published Mon, May 13 2024 8:30 PM UTC



Territorial Bancorp Inc., the parent company of Territorial Savings Bank, has recently declared a quarterly cash dividend of $0.01 per share, further showcasing its commitment to rewarding shareholders. This announcement, made by the Company's Board of Directors, is set to positively impact the company's stakeholders while boosting investor confidence.
Schedule...

Merger and Acquisition

Territorial Bancorp Inc Faces Net Loss in First Quarter 2024

Published Fri, May 3 2024 8:30 PM UTC

Territorial Bancorp Inc. Faces Net Loss in First Quarter 2024
HONOLULU, Hawaii - Territorial Bancorp Inc., the parent company of Territorial Savings Bank, recently announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024. This financial report reflects a challenging start to the year for the Hawaii-based financial institut...

Territorial Bancorp Inc

Territorial Bancorp Inc. Faces Steep Decline in Revenue and Profits for Financial Interval Ending December 31, 2023

The recent financial results of Territorial Bancorp Inc. paint a grim picture of its performance for the financial interval closing on December 31, 2023. The company witnessed a significant decline in revenue by -31.371%, leading to a steep deterioration in profits by -90.04%. The company reported a revenue of $9.87 million compared to $14.39 million the previous year, and earnings per share dropped to $0.04 from $0.39 in the previous year.
In contrast to the third quarter, where revenue decreased by -9.272% and profit plummeted by -61.04%, the October to December period of 2023 saw a further decline. Earnings fell by -90.3% to $0.334 million compared to $3.445 million in the corresponding period the previous year. Operating margin also shrunk to 4% and net margin dropped to 3.38%. Operating earnings fell -91.28% to $0.395 million, significantly squeezing the company's operating margin compared to the previous year.

Dividend

Territorial Bancorp Inc. Announces Dividend Amidst Challenging Market Conditions

Published Fri, Jan 26 2024 9:40 PM UTC



Territorial Bancorp Inc., the parent company of Territorial Savings Bank, has recently declared a quarterly cash dividend of $0.05 per share. However, the company's shares have faced a decline in the past week, contributing to a negative year-to-date performance. With shares currently trading below its 52-week average, these developments beckon an evaluation of the...

Territorial Bancorp Inc

Territorial Bancorp Inc bucks the trend as revenue soars in the third quarter of 2023



Territorial Bancorp Inc, the parent company of Territorial Savings Bank, recently released its financial results for the third quarter of 2023. The results indicate a significant decline in revenue and bottom-line performance compared to the previous year. This article will analyze and interpret the financial data, providing an overview of the company's profitability and other key factors.
Revenue Contraction and Bottom-Line Slump:
During the third quarter of 2023, Territorial Bancorp Inc experienced a revenue contraction of -27.766%. The company's revenue for this period was $10.88 million, a decline from $15.07 million reported in the same quarter of the previous year. The decrease in revenue resulted in a significant slump in the company's bottom-line performance by -77.27%.






 

Territorial Bancorp Inc's Segments
 
 
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