NASDAQ$TSBK

Timberland Bancorp Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Net income increased year-over-year due to strong loan portfolio growth and a higher interest rate environment.

Timberland Bancorp reported a net income of $6.66 million, or $0.80 per diluted common share, for the quarter ended March 31, 2023, compared to $5.33 million, or $0.63 per diluted common share, for the comparable quarter one year ago. The company's performance was driven by strong loan portfolio growth and a higher interest rate environment.

  • Net income increased 25% year-over-year.
  • Earnings per diluted common share increased 27% year-over-year to $0.80.
  • Return on average assets was 1.48%.
  • Net interest margin was 3.99%.

Headline financials

Total Revenue

$19.8M

Previous: $16M+23.9%
EPS (adj)

$0.80

Previous: $0.63+27.0%
Net Interest Margin

4.0%

Previous: 3.0%+35.3%
Efficiency Ratio

55.3%

Previous: 58.4%-5.3%
Return on Avg. Assets

1.5%

Previous: 1.2%+27.6%
Return on Avg. Equity

11.9%

Previous: 10.1%+17.4%
Capital Expenditures

$375K

Previous: -$219K+271.2%
Free Cash Flow

$5.57M

Previous: $5.11M+9.0%
Net Income

$6.66M

Previous: $5.33M+25.0%
Operating Income

$8.37M

Previous: $12.1M-31.0%
Cash & Equivalents

$142M

Previous: $492M-71.1%
Total Assets

$1.79B

Previous: $1.88B-4.8%

Revenue & EPS history

Timberland · Revenue · Quarterly

$19.8M

Q2 2023+23.9%vs Q2 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

Timberland Bancorp believes that with their strong capital position, excellent credit quality and ample sources of liquidity, they are well positioned to continue to deliver strong financial results.

Tailwinds

  • Strong capital position
  • Excellent credit quality
  • Ample sources of liquidity
  • Strong earnings
  • Strong loan portfolio growth

Headwinds

  • Potential adverse impacts to economic conditions
  • Credit risks of lending activities
  • Changes in general economic conditions
  • Changes in the levels of general interest rates
  • Fluctuations in the demand for loans

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 2023

Historical avgQ2 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%

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