TBNK - Dividend announcements

The Company's tier one leverage and risk-based capital ratios were 11.68% and 28.96%, respectively, and the Company is considered to be "well-capitalized" at December 31, 2024.Ratio of non-performing assets to total assets of 0.09% at December 31, 2024. HONOLULU, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1.72 million, or $0.20 per diluted share, for the three months ended December 31, 2024. Results reflect $1.53 million of pre-tax merger-related expenses. The Board of Directors approved a dividend of $0.01 per share. The dividend

HONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that the Company's Board of Directors has reaffirmed its recommendation that Territorial shareholders vote "FOR" the merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional information from Blue Hill Advisors ("Blue Hill") with respect to its preliminary indication of interest to acquire the Company. Territorial's Board of Directors (the "Territorial Board"), with the assistance of its legal and financial advisors, over the course of sever

The Company's tier one leverage and risk-based capital ratios were 11.57% and 29.07%, respectively, and the Company is considered to be "well-capitalized" at September 30, 2024.Ratio of non-performing assets to total assets of 0.11% at September 30, 2024. HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per diluted share, for the three months ended September 30, 2024. The Board of Directors approved a dividend of $0.01 per share. The dividend is expected to be paid on November 22

Board of Directors Continues its Refusal to Consider a Superior Offer from Blue Hill Advisors, Potentially Breaching their Fiduciary Duty WESTPORT, Conn., Oct. 24, 2024 /PRNewswire/ -- Yakira Capital Management, an investment manager based in Westport, CT, has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ:TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ:HOPE). With 111,247 shares (approximately 1.23%), Yakira is one of the largest shareholders of Territorial, and has urged the Board of Directors to at least examine an acquis

ISS Recommends Territorial Shareholders Vote "FOR" Hope Bancorp Transaction ISS Recognizes Value Creation Upside of the Hope Bancorp Merger and Risks and Uncertainty Associated with Blue Hill's Preliminary Indication of Interest Territorial Board Urges Shareholders to Follow ISS's Recommendation and Vote "FOR" the Hope Bancorp Merger Today HONOLULU, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has reissued its report assessing Territorial's proposed merger with Hope Bancorp, Inc. (NASDAQ:HOPE) ("Hope Bancorp"). In its repor

No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai‘i Time HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") is mailing the following letter to Territorial shareholders in connection with the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") to

Blue Hill's Inability to Address Questions About How It Would Pay for or Complete an Acquisition Further Adds to Uncertainty, Risk and Doubt About Its Preliminary Indication of Interest Territorial Reiterates Board's Unanimous Recommendation that Shareholders Vote FOR Hope Bancorp Merger Visit www.TerritorialandHopeCombination.com for More Information HONOLULU, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial") issued the following statement regarding the presentation released today by Blue Hill Advisors ("Blue Hill"): For the fourth time, Blue Hill has failed to address questions that are fundamental in any bank M&A transaction –

The Company's tier one leverage and risk-based capital ratios were 11.62% and 28.98%, respectively, and the Company is considered to be "well-capitalized" at June 30, 2024.Ratio of non-performing assets to total assets of 0.06% at June 30, 2024.Strong liquidity position with $83 million in cash balances and access to liquidity totaling $951 million as of June 30, 2024. HONOLULU, Hawaii, July 26, 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 $775,000, or $(0.09) per diluted share, for the three months ended June 30, 2024. The Board of Director

HONOLULU, May 13, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:  TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.01 per share.  The dividend is expected to be paid on June 10, 2024 to stockholders of record as of May 28, 2024. Forward-looking statements - This press release contains forward-looking statements, which can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "plan," "seek," "expect," "will," "may" and words of similar meaning. These forward-looking statements include, but a

The Company's 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, 2024. Hope Banc

HONOLULU, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.05 per share. The dividend is expected to be paid on February 23, 2024 to stockholders of record as of February 9, 2024. "The uncertain interest rate environment continues to be a challenge for the banking industry. The higher levels of interest rates will keep pressure on loan growth and deposit retention, which have an impact on our net interest margin. While interest rates may decrease in the future, we believe

The Company's tier one leverage and risk-based capital ratios were 11.69% and 28.89%, respectively, and the Company is considered to be "well-capitalized" at December 31, 2023.Solid asset quality with the ratio of non-performing assets to total assets of 0.10% as of December 31, 2023.Strong liquidity position with $126.66 million in cash balances and access to liquidity totaling $937.38 million as of December 31, 2023.The Board of Directors approved a quarterly cash dividend of $0.05 per share, representing Territorial Bancorp Inc.'s 57th consecutive quarterly dividend. HONOLULU, Hawaii, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company")

HONOLULU, Hawaii, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.05 per share. The dividend is expected to be paid on November 24, 2023 to stockholders of record as of November 9, 2023. "Today's interest rate environment continues to be challenging to the banking industry. The steep increases in interest rates have resulted in higher mortgage rates, which caused many potential homebuyers to hesitate before buying a home. These developments have led to lower loan volumes and highe

HONOLULU, July 28, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on August 25, 2023 to stockholders of record as of August 11, 2023. "Our financial results continue to be impacted by the record pace and level of increases in short-term interest rates over the last 15 months," said Allan Kitagawa, Chairman and Chief Executive Officer. "The efforts by the Federal Reserve to rein in inflation by increasing short-term interest rates over the

HONOLULU, April 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on May 25, 2023 to stockholders of record as of May 11, 2023. Allan Kitagawa, Chairman and Chief Executive Officer, said, "While the current interest rate cycle and recent market events have made it very challenging for all banks, we expect our strong capital, solid asset quality and liquidity to sustain us through this cycle. We remain well-positioned to serve our communit

HONOLULU, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on February 23, 2023 to stockholders of record as of February 9, 2023. Allan Kitagawa, Chairman and Chief Executive Officer, said, "While 2022's, and likely 2023's, interest rate environment makes it challenging, we expect that our strong capital and solid asset quality will sustain us through this cycle. We have been through many different interest rate cycles over the year

HONOLULU, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors has declared a special cash dividend of $0.10 per share payable on December 29, 2022 to shareholders of record as of December 19, 2022. Allan Kitagawa, Chairman and Chief Executive Officer, said, "Although COVID-19 and inflation continue to create uncertainties in our economy, we are pleased to declare a special dividend of $0.10 per share for 2022." Forward-looking statements - This press release contains forward-looking statements, which can be identified by th

HONOLULU, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on November 23, 2022 to stockholders of record as of November 10, 2022. Allan Kitagawa, Chairman and Chief Executive Officer, said, "In the third quarter of 2022, we were able to increase our total interest income by 5.73% and net interest income by 3.45%. Rising interest rates have increased interest expense but our strong capital and asset quality will allow us to co

HONOLULU, July 28, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on August 25, 2022 to stockholders of record as of August 11, 2022. Allan Kitagawa, Chairman and Chief Executive Officer, said, "In the second quarter of 2022, we were able to increase our net interest income by 7.54% and our fully-diluted earnings per share by 4.55%. Our strong capital and asset quality will allow us to serve our community during these uncertain times. The

HONOLULU, April 28, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on May 26, 2022 to stockholders of record as of May 12, 2022. Allan Kitagawa, Chairman and Chief Executive Officer, said, "The first quarter of 2022 was challenging. We have been able to increase our net interest income despite these challenges. As Hawaii's economy improves, our strong capital and asset quality will allow us to assist our customers with their banking needs.

HONOLULU, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on February 24, 2022 to stockholders of record as of February 10, 2022. Allan Kitagawa, Chairman and Chief Executive Officer, said, "The fourth quarter of 2021 was very challenging. We have performed well despite relatively low interest rates for new loans, which has decreased asset yields. Hawaii's economy continues to improve and we remain well-positioned to serve our comm

HONOLULU, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on November 24, 2021 to stockholders of record as of November 11, 2021. Allan Kitagawa, Chairman and Chief Executive Officer, said, "We are pleased with our results for the third quarter. The residential real estate market in Hawaii continues to be strong and the level of new mortgage loan applications remains elevated. Our strong capital position, asset quality and liquidit

HONOLULU, July 29, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on August 26, 2021 to stockholders of record as of August 12, 2021. Allan Kitagawa, Chairman and Chief Executive Officer, said, "Hawaii's economy has improved as more visitors arrive in the state. Our balance sheet and asset quality remain strong and we are well-positioned to help our customers with their banking needs. We also continue to return capital to our shareholders

HONOLULU, April 29, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on May 27, 2021 to stockholders of record as of May 13, 2021. Allan Kitagawa, Chairman and Chief Executive Officer, said, "2020 was a very difficult year for many residents in the state because of COVID-19. In the first few months of 2021, Hawaii's economy has started to improve as more visitors arrive in the state, businesses reopen and residents return to work. Our asse

HONOLULU, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.23 per share. The dividend is expected to be paid on February 25, 2021 to stockholders of record as of February 11, 2021. Allan Kitagawa, Chairman and Chief Executive Officer, said, “2020 has been a very challenging year for the residents and businesses in Hawaii. The decline in interest rates that occurred during the pandemic have decreased asset yields and created challenges in the banking industry. Despite these obstacl