NASDAQ$TSBK

Timberland Bancorp Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong financial results despite unsettled economic conditions, driven by deposit growth and PPP loan originations.

Timberland Bancorp reported a net income of $6.21 million and EPS of $0.74 for the quarter ended June 30, 2020. The company saw significant deposit growth and record loan originations due to its participation in the PPP. The company remains cautious about investing excess liquidity due to economic uncertainties.

  • Net income reached $6.21 million, with EPS at $0.74.
  • PPP loan originations totaled $123 million.
  • Return on average assets was 1.70%.
  • Return on average equity was 13.83%.

Headline financials

Total Revenue

$17.3M

Previous: $16.5M+5.2%
EPS (adj)

$0.74

Previous: $0.70+5.7%
Net Interest Margin

3.6%

No prior period
Efficiency Ratio

50.0%

No prior period
Return on Avg. Assets

1.7%

No prior period
Return on Avg. Equity

13.8%

No prior period
Capital Expenditures

-$1.66M

Previous: -$2.04M+18.6%
Free Cash Flow

$4.55M

Previous: $3.92M+16.2%
Net Income

$6.21M

Previous: $5.96M+4.3%
Operating Income

$12.3M

Previous: $15.8M-22.5%
Gross Profit

$17.3M

Previous: $16.4M+5.7%
Cash & Equivalents

$272M

Previous: $171M+59.0%
Total Assets

$1.52B

Previous: $1.25B+22.0%

Revenue & EPS history

Timberland · Revenue · Quarterly

$17.3M

Q3 2020+5.2%vs Q3 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

Timberland will approach investing a significant portion of excess liquidity with measured approach until the durability of deposits and the direction of the economy become more certain.

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 Q3 2020

Historical avgQ3 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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