NASDAQ$TSBK

Timberland Bancorp Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Timberland Bancorp's financial performance decreased compared to the previous year due to increased loan loss provisions and economic uncertainties.

Timberland Bancorp reported a decrease in net income for the quarter ended March 31, 2020, due to a $2.00 million provision for loan losses related to COVID-19 economic uncertainties. EPS also decreased. However, the company's capital base remains strong, and it has access to ample liquidity.

  • Net income decreased to $5.05 million, and EPS was $0.60, impacted by a $2.00 million provision for loan losses.
  • Allowance for loan losses increased to 1.29% of loans receivable due to economic uncertainties.
  • Return on average assets was 1.56%, and return on average equity was 11.39%.
  • A quarterly cash dividend of $0.20 per common share was declared.

Headline financials

Total Revenue

$16.6M

Previous: $16.7M-0.6%
EPS (adj)

$0.60

Previous: $0.60+0.0%
Net Interest Margin

4.3%

Previous: 4.5%-5.3%
Efficiency Ratio

50.0%

Previous: 55.7%-10.1%
Return on Avg. Assets

1.6%

No prior period
Return on Avg. Equity

11.4%

No prior period
Tier 1 Leverage Capital

12.8%

No prior period
Total Risk-Based Capital

19.8%

No prior period
Capital Expenditures

-$1.2M

Previous: -$1.36M+12.1%
Free Cash Flow

$3.85M

Previous: $4.75M-18.9%
Net Income

$5.05M

Previous: $6.11M-17.4%
Operating Income

$11M

Previous: $16.3M-32.3%
Gross Profit

$16.5M

Previous: $16.4M+0.9%
Cash & Equivalents

$168M

Previous: $171M-1.6%
Total Assets

$1.32B

Previous: $1.24B+6.7%

Revenue & EPS history

Timberland · Revenue · Quarterly

$16.6M

Q2 2020-0.6%vs Q2 2019

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

The report does not include any forward guidance.

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 Q2 2020

Historical avgQ2 2020

+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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