Territorial Bancorp Inc. Reports Net Income of $2.32 Million in Q1 2023

Territorial Bancorp Inc.(TBNK) has released its financial st atements for the first quarter of 2023, showing a net income of $2.32 million. The company's revenue for the same period reached $16.72 million. The consolidated balance sheets and statements of income provide an overview of the company's financial performance and highlight key figures in its assets, liabilities, and stockholders' equity. Let's dive into the details of Territorial Bancorp Inc.'s financials for the first quarter.

Net Income/Loss

Territorial Bancorp Inc. achieved a net income of $2.32 million in the first quarter of 2023. This figure reflects the company's bottom-line profitability after deducting all expenses, including interest and taxes, from its total revenue.

Revenue