NASDAQ$TSBK

Timberland Bancorp Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income increased due to continued solid loan growth and higher interest rates.

Timberland Bancorp reported a net income of $5.74 million, or $0.69 per diluted common share, for the quarter ended June 30, 2022. Compared to the prior quarter, net income and earnings per share increased 8% and 10%, respectively. Net loans receivable, excluding Paycheck Protection Program (“PPP”) loans, increasing 5.7%.

  • Net income was $5.74 million for the current quarter.
  • Earnings per diluted common share (“EPS”) was $0.69 for the current quarter.
  • Return on average equity (“ROE”) and return on average assets (“ROA”) for the current quarter were 10.80% and 1.22%, respectively.
  • Net interest margin (“NIM”) was 3.11% for the current quarter.

Headline financials

Total Revenue

$17.1M

Previous: $17.4M-1.9%
EPS (adj)

$0.69

Previous: $0.83-16.9%
Net Interest Margin

3.1%

Previous: 3.2%-3.4%
Efficiency Ratio

57.8%

Previous: 49.4%+16.9%
Return on Avg. Assets

1.2%

Previous: 1.6%-25.2%
Return on Avg. Equity

10.8%

Previous: 14.0%-23.0%
Capital Expenditures

-$822K

Previous: -$658K-24.9%
Free Cash Flow

$4.92M

Previous: $6.37M-22.8%
Net Income

$5.74M

Previous: $7.02M-18.3%
Operating Income

$12.7M

Previous: $13.5M-5.6%
Gross Profit

$16.2M

Previous: $16.6M-2.4%
Cash & Equivalents

$422M

Previous: $504M-16.2%
Total Assets

$1.89B

Previous: $1.74B+8.5%

Revenue & EPS history

Timberland · Revenue · Quarterly

$17.1M

Q3 2022-1.9%vs Q3 2021

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 is well positioned to benefit from additional Federal Reserve actions to increase interest rates, and we anticipate additional opportunities to invest excess liquidity during the next several quarters.

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 2022

Historical avgQ3 2022

+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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