NASDAQ$TSBK

Timberland Bancorp Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Net income and EPS increased due to strong quarterly performance.

Timberland Bancorp reported a 13% increase in net income to $7.02 million and a 12% increase in EPS to $0.83 for the quarter ended June 30, 2021. Strong deposit growth was driven by Paycheck Protection Program (PPP) loan proceeds and federal stimulus payments. Net loans outstanding, excluding PPP loans, increased at an annualized rate of 6%.

  • Net income increased 13% to $7.02 million for the quarter ended June 30, 2021.
  • Earnings per diluted common share increased 12% to $0.83 for the current quarter.
  • Return on average equity and return on average assets for the current quarter were 14.02% and 1.63%, respectively.
  • Total deposits increased by $40.79 million during the quarter.

Headline financials

Total Revenue

$17.4M

Previous: $17.3M+0.5%
EPS (adj)

$0.83

Previous: $0.74+12.2%
Net Interest Margin

3.2%

Previous: 3.6%-11.3%
Efficiency Ratio

49.4%

Previous: 50.0%-1.1%
Return on Avg. Assets

1.6%

Previous: 1.7%-4.1%
Return on Avg. Equity

14.0%

Previous: 13.8%+1.4%
Tier 1 Leverage Capital

11.0%

No prior period
Total Risk-Based Capital

22.6%

No prior period
Non-perf. Assets to Total

0.1%

No prior period
Capital Expenditures

-$658K

Previous: -$1.66M+60.4%
Free Cash Flow

$6.37M

Previous: $4.55M+39.9%
Net Income

$7.02M

Previous: $6.21M+13.1%
Operating Income

$13.5M

Previous: $12.3M+9.8%
Gross Profit

$16.6M

Previous: $17.3M-4.0%
Cash & Equivalents

$504M

Previous: $272M+85.4%
Total Assets

$1.74B

Previous: $1.52B+14.4%

Revenue & EPS history

Timberland · Revenue · Quarterly

$17.4M

Q3 2021+0.5%vs Q3 2020

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

This document does not contain 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 Q3 2021

Historical avgQ3 2021

+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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