NASDAQ$TSBK

Timberland Bancorp Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Timberland Bancorp's first fiscal quarter net income increased year-over-year.

Timberland Bancorp reported a strong first fiscal quarter with a 37% increase in net income year-over-year, reaching $7.51 million, and a 38% increase in EPS to $0.90. The company's performance was driven by robust loan and investment portfolio growth and a beneficial interest rate environment.

  • EPS increased 38% to $0.90, a record for the quarter.
  • Net income increased 37% to $7.51 million.
  • Return on average assets was 1.63%.
  • Net interest margin improved to 4.03%.

Headline financials

Total Revenue

$20.4M

Previous: $16.1M+26.7%
EPS (adj)

$0.90

Previous: $0.65+38.5%
Net Interest Margin

4.0%

Previous: 2.9%+38.0%
Efficiency Ratio

51.5%

Previous: 57.4%-10.2%
Return on Avg. Assets

1.6%

Previous: 1.2%+35.8%
Return on Avg. Equity

13.6%

Previous: 10.6%+29.2%
Tier 1 Leverage Capital

11.5%

No prior period
Total Risk-Based Capital

19.3%

No prior period
Capital Expenditures

-$143K

Previous: -$99K-44.4%
Free Cash Flow

$7.36M

Previous: $5.39M+36.7%
Net Income

$7.51M

Previous: $5.49M+36.9%
Operating Income

$15.6M

Previous: $12.8M+22.0%
Gross Profit

$19.7M

Previous: $15.8M+24.1%
Cash & Equivalents

$225M

Previous: $558M-59.7%
Total Assets

$1.84B

Previous: $1.83B+0.2%

Revenue & EPS history

Timberland · Revenue · Quarterly

$20.4M

Q1 2023+26.7%vs Q1 2022

Revenue by segment

Timberland · $3.78M total across 5 segments · Q1 2020

  • Deposit Charges
    $1.2M
  • Card Fees
    $1.09M
  • Loan Sales
    $953K
  • Other
    $390K
  • BOLI Income
    $147K

Forward guidance

Funding costs are expected to rise over the next couple of quarters as Timberland increases rates to retain rate sensitive deposits.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+1.3%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+2.7%

Avg return

30 days after

63%

41 / 65 earnings

Positive

+13.8%

Q2 2020

Best reaction

-3.8%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.9%+3.3%+1.4%
Q1 2026+2.2%+4.5%+1.8%
Q4 2025+3.6%+2.0%+8.3%
Q3 2025+5.7%+2.7%+3.4%
Q2 2025-2.1%+0.8%-2.5%
Q1 2025+1.7%+1.7%+7.2%
Q4 2024+0.3%+3.9%+7.6%
Q3 2024+3.8%+5.5%+6.3%
Q2 2024+5.0%+0.7%+0.7%
Q1 2024-0.1%-0.5%-9.6%
Q4 2023+1.8%+6.3%+5.6%
Q3 2023+6.9%+9.3%-0.7%
Q2 2023-3.2%-4.1%-12.3%
Q1 2023+0.3%-0.5%+2.6%
Q4 2022+3.3%+13.4%+18.4%
Q3 2022+1.8%+1.0%+5.0%
Q2 2022+0.5%+1.6%-2.2%
Q1 2022-1.6%-4.0%-4.3%
Q4 2021-0.4%-0.4%-0.5%
Q3 2021+2.1%+1.9%+3.1%
Q2 2021+1.5%+1.4%+5.8%
Q1 2021-1.5%-9.2%+1.4%
Q4 2020+4.0%+16.2%+33.5%
Q3 2020+3.9%+0.1%+4.8%
Q2 2020+13.8%+6.2%+5.6%
Q1 2020+0.5%-1.2%-11.1%
Q4 2019+1.1%+6.6%+11.8%
Q3 2019+4.9%+6.5%-3.8%
Q2 2019+1.8%+3.3%-17.8%
Q1 2019+4.2%+7.2%+15.2%
Q4 2018+1.8%+1.1%-2.5%
Q3 2018-0.4%-1.2%-5.9%
Q2 2018-1.5%-1.6%+0.7%
Q1 2018-2.2%-2.9%+2.0%
Q4 2017-3.7%-6.1%-8.0%
Q3 2017+5.5%+6.5%+7.3%
Q2 2017-0.8%-2.0%+0.4%
Q1 2017+1.9%+2.2%+10.5%
Q4 2016-0.5%+0.7%+18.3%
Q3 2016-2.6%-1.4%-1.4%
Q2 2016-0.2%
Q4 2015+10.4%
Q3 2015+2.2%
Q2 2015+2.7%
Q1 2015+2.8%
Q4 2014-1.3%
Q3 2014+3.7%
Q2 2014+0.5%
Q1 2014+3.9%
Q4 2013-2.6%
Q3 2013-0.5%
Q2 2013+0.6%
Q1 2013+2.8%
Q4 2010+0.2%
Q4 2012+0.0%
Q3 2012-1.5%
Q2 2011+1.8%
Q2 2012+1.8%
Q1 2012-0.9%
Q1 2010-0.9%
Q4 2009+0.3%
Q4 2011+0.3%
Q3 2011-0.4%
Q3 2010-0.4%
Q2 2010-3.8%

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