NASDAQ$TSBK
Timberland Bancorp Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Net income decreased slightly due to lower gain on sales of loans and increases in operating expenses.
Timberland Bancorp reported a decrease in net income for the quarter ended September 30, 2021, compared to the same quarter one year ago. Net income was $6.02 million, or $0.71 per diluted common share, compared to $6.36 million, or $0.76 per diluted common share for the comparable quarter one year ago.
- Net income was $6.02 million for the current quarter compared to $6.36 million for the comparable quarter one year ago.
- EPS was $0.71 for the current quarter compared to $0.76 for the comparable quarter one year ago.
- Return on average equity and return on average assets for the current quarter were 11.77% and 1.36%, respectively.
- Net interest margin was 3.13% for the current quarter.
Headline financials
Revenue & EPS history
Timberland · Revenue · Quarterly
$16.6M
Revenue by segment
Timberland · $3.78M total across 5 segments · Q1 2020
- Deposit Charges$1.2M—31.7%
- Card Fees$1.09M—28.9%
- Loan Sales$953K—25.2%
- Other$390K—10.3%
- BOLI Income$147K—3.9%
Forward guidance
Timberland anticipates opportunities for increased loan originations in its strong, western Washington markets. PPP loan fee accretion is expected to diminish during the 2022 fiscal year.
Tailwinds
- Likelihood of Fed tapering beginning in the near term.
- The general level of interest rates has increased during the past several months.
- Strong regional economy.
- Likely customer dislocation resulting from recently announced M&A activity.
- Increased opportunities to develop new lending relationships within our local markets.
Headwinds
- Gain on sale of loans income and the benefit derived from PPP loan fee accretion is expected to diminish during our 2022 fiscal year.
- Persistence of loan prepayments this past quarter.
- The Bank’s liquidity significantly above normal levels and continues to put pressure on the Bank’s net interest margin.
- PPP loans were reduced by $54.71 million during the quarter ended September 30, 2021, leaving $40.92 million of PPP loans on the Timberland Fiscal Q4 2021 Earnings.
- Decrease in single-family refinance loans originated as mortgage loan refinance activity diminished.
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 Q4 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
| Quarter | Report date | Reaction (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