NASDAQ$TSBK

Timberland Bancorp Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Timberland Bancorp's net income increased, driven by loan and investment portfolio growth and a favorable rate environment.

Timberland Bancorp reported a strong fiscal fourth quarter, with net income increasing by 23% to $7.05 million, or $0.85 per diluted common share, compared to the preceding quarter. The company benefited from growth in the loan and investment portfolios, as well as a higher interest rate environment orchestrated by the Federal Reserve. Asset quality remained strong, with no charge-offs recorded during the quarter and non-performing assets at 0.12% of total assets.

  • EPS increased 23% to $0.85 for the current quarter from $0.69 for the preceding quarter.
  • Net income increased 23% to $7.05 million for the current quarter from $5.74 million for the preceding quarter.
  • Return on average equity and return on average assets for the current quarter were 13.06% and 1.51%, respectively.
  • Net interest margin for the current quarter improved to 3.64% from 3.11% for the preceding quarter.

Headline financials

Total Revenue

$19.3M

Previous: $16.6M+16.3%
EPS (adj)

$0.85

Previous: $0.71+19.7%
Net Interest Margin

3.6%

Previous: 3.1%+16.3%
Efficiency Ratio

52.7%

Previous: 54.5%-3.2%
Return on Avg. Assets

1.5%

Previous: 1.4%+11.0%
Return on Avg. Equity

13.1%

Previous: 11.8%+11.0%
Non-perf. Assets to Total

0.1%

Previous: 0.2%-33.3%
Capital Expenditures

$89K

Previous: $237K-62.4%
Free Cash Flow

$8.02M

Previous: $6.67M+20.2%
Net Income

$7.05M

Previous: $6.02M+17.1%
Operating Income

$8.84M

Previous: $7.54M+17.1%
Cash & Equivalents

$317M

Previous: $580M-45.4%
Total Assets

$1.86B

Previous: $1.79B+3.8%

Revenue & EPS history

Timberland · Revenue · Quarterly

$19.3M

Q4 2022+16.3%vs Q4 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 further Federal Reserve actions to increase interest rates and plans to deploy excess liquidity in the coming 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 Q4 2022

Historical avgQ4 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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