NASDAQ$TSBK

Timberland Bancorp Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Timberland Bancorp reported a net income of $6.30 million for the first fiscal quarter, with solid earnings, strong growth in loans and deposits.

Timberland Bancorp reported a net income of $6.30 million, or $0.77 per diluted common share, for the quarter ended December 31, 2023. The results were highlighted by solid earnings, strong growth in loans and deposits, and continued tangible book value per share growth.

  • EPS decreased 5% to $0.77 for the current quarter from $0.81 for the preceding quarter.
  • Net income decreased 5% to $6.30 million for the current quarter from $6.64 million for the preceding quarter.
  • Total assets increased 3% from the prior quarter and increased 3% year-over-year.
  • Total deposits increased 4% from the prior quarter and increased 2% year-over-year.

Headline financials

Total Revenue

$18.8M

Previous: $20.4M-8.0%
EPS

$0.77

Previous: $0.90-14.4%
Net Interest Margin

3.6%

Previous: 4.0%-10.7%
Efficiency Ratio

56.5%

Previous: 51.5%+9.7%
Return on Avg. Assets

1.4%

Previous: 1.6%-16.6%
Return on Avg. Equity

10.8%

Previous: 13.6%-21.1%
Tier 1 Leverage Capital

12.1%

Previous: 11.5%+5.9%
Total Risk-Based Capital

19.5%

Previous: 19.3%+0.9%
Capital Expenditures

-$298K

Previous: -$143K-108.4%
Free Cash Flow

$6M

Previous: $7.36M-18.5%
Net Income

$6.3M

Previous: $7.51M-16.1%
Operating Income

$9.14M

Previous: $15.6M-41.3%
Gross Profit

$18.6M

Previous: $19.7M-5.6%

Revenue & EPS history

Timberland · Revenue · Quarterly

$18.8M

Q1 2024-8%vs Q1 2023

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

Timberland Bancorp remains optimistic regarding the overall strength of its loan portfolio and the economic opportunities for growth in its markets, despite the possibility of a slowing economy and a continued higher interest rate environment.

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 2024

Historical avgQ1 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro