Timberland Bancorp

Timberland Bancorp, Inc. (Washington), is a holding company, which engages in the provision of community banking services. It offers mortgage loans, consumer loans, and commercial business loans. The company was founded on September 8, 1997 and is headquartered in Hoquiam, WA.

Earnings data Q1 2023

Earnings data Q2 2023

Timberland Bancorp is a small local bank focusing on Washington State. The bank has an impressive history of asset quality, which helps to keep the loan loss provisions low.

Timberland Bancorp: Interesting Thanks To A 5% Dividend Hike And Increasing Book Value

HOQUIAM, Wash., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $7.51 million, or $0.90 per diluted common share, for the quarter ended December 31, 2022. This compares to net income of $7.05 million, or $0.85 per diluted common share, for the preceding quarter and $5.49 million, or $0.65 per diluted common share, for the comparable quarter one year ago.

Timberland Bancorp's First Fiscal Quarter Net Income Increases 37% Year-Over-Year

HOQUIAM, Wash., Oct. 31, 2022 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $7.05 million, or $0.85 per diluted common share, for the quarter ended September 30, 2022. This compares to net income of $5.74 million, or $0.69 per diluted common share, for the preceding quarter and $6.02 million, or $0.71 per diluted common share, for the comparable quarter one year ago.

Timberland Bancorp's Fiscal Fourth Quarter Net Income Increases 23%

Timberland Bancorp is a Washington-state focused bank with an exceptional asset quality in its loan book. This helps to keep the loan loss provisions low (they were actually zero in the past few quarters) and this boosts the net income result.

Timberland Bancorp: Strong Asset Quality Underpins Investment Thesis

HOQUIAM, Wash., July 26, 2022 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $5.74 million, or $0.69 per diluted common share, for the quarter ended June 30, 2022. This compares to net income of $5.33 million, or $0.63 per diluted common share, for the preceding quarter and $7.02 million, or $0.83 per diluted common share, for the comparable quarter one year ago.

Timberland Bancorp Announces Third Fiscal Quarter Earnings

HOQUIAM, Wash., May 23, 2022 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”) today announced that Timberland Bank has been recognized by its inclusion in the American Banker magazine's list of the Top 200 Publicly Traded Community Banks. In its May 2022 issue, Timberland ranked 51st on the list of the country's top 200 publicly traded community banks with assets under $2 billion, based on three-year average return on equity (“ROE”) as of December 31, 2021 (Source: Capital Performance Group).

Timberland Bancorp Included on American Banker Magazine's List of the Top 200 Publicly Traded Community Banks

Timberland Bancorp is active in Washington State, running a very conservative balance sheet with almost no loan write-offs. The balance sheet is exceptionally liquid with almost 40% of the balance sheet invested in cash and investment securities.

Timberland Bancorp: A 100 Bp Interest Rate Increase Will Boost The EPS By 20%

HOQUIAM, Wash., April 26, 2022 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $5.33 million, or $0.63 per diluted common share, for the quarter ended March 31, 2022. This compares to net income of $5.49 million, or $0.65 per diluted common share, for the preceding quarter and $7.25 million, or $0.86 per diluted common share, for the comparable quarter one year ago.

Timberland Bancorp Announces Second Fiscal Quarter Earnings

With the interest rate environment expected to change significantly over the next 12 months, I believe some exciting opportunities are starting to emerge in the banking sector. Smaller banking institutions are particularly attractive.

Timberland Bancorp: Undervalued Growth Potential

HOQUIAM, Wash., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported net income of $5.49 million, or $0.65 per diluted common share, for the quarter ended December 31, 2021. This compares to net income of $6.02 million, or $0.71 per diluted common share, for the preceding quarter and $7.29 million, or $0.87 per diluted common share, for the comparable quarter one year ago.

Timberland Bancorp Announces First Fiscal Quarter Earnings

Timberland Bancorp continues to fly under the radar as the bank once again reports stellar financial results. The bank is now trading at just 8X earnings and 1.2X TBV, while the TBV increases by almost 10% per year.

Timberland Bancorp: Trading At Just 8X Earnings And A Small Premium To TBV

HOQUIAM, Wash., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported that net income increased 14% to $27.58 million for the fiscal year ended September 30, 2021 from $24.27 million for the fiscal year ended September 30, 2020, which year was affected by a $3.70 million ($2.92 million after income taxes) provision to the loan loss reserves. Earnings per diluted common share (“EPS”) increased 14% to $3.27 for the 2021 fiscal year from $2.88 for the 2020 fiscal year.

Timberland Bancorp's 2021 Fiscal Year Net Income Increases to $27.58 Million

HOQUIAM, Wash., Aug. 24, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ – TSBK) (“Timberland” or the “Company”), the holding company for Timberland Bank (the “Bank”) today announced the retirement of James A. Davis as a director of the Company and of the Bank effective August 24, 2021 having reached Timberland's mandatory retirement age. Mr. Davis has served as a Director of the Company and of the Bank since 2017.

Timberland Bancorp, Inc. Announces the Retirement of Director James A. Davis

HOQUIAM, Wash., July 27, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”), the holding company for Timberland Bank (the “Bank”), today reported that net income increased 13% to $7.02 million for the quarter ended June 30, 2021 from $6.21 million for the comparable quarter one year ago, which quarter was affected by a $1.00 million ($790,000 after income taxes) provision to the loan loss reserves, and decreased $227,000, or 3%, from $7.25 million for the preceding quarter. Earnings per diluted common share (“EPS”) increased 12% to $0.83 for the current quarter from $0.74 for the comparable quarter one year ago and decreased 3% from $0.86 for the preceding quarter.

Timberland Bancorp's Third Fiscal Quarter Earnings Per Diluted Share Increases 12% to $0.83

HOQUIAM, Wash., July 27, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or the “Company”), the holding company for Timberland Bank (the “Bank”) announced today that Parul Bhandari has been appointed to the Boards of Directors of the Company and the Bank. Ms. Bhandari has been appointed to serve on the Boards in place of Larry Goldberg whom announced his retirement today from Timberland's Boards having reached Timberland's mandatory retirement age.

Timberland Bancorp, Inc. Announces the Retirement of Director Larry Goldberg and Appoints Parul Bhandari to its Board of Directors

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May 2021 continued the strong environment of the last few months for the U.S. stock market's dividend payers.

Dividends By The Numbers For May 2021

Timberland Bancorp reported excellent Q2 results, and the tangible book value continues to increase at a rate of $0.50-0.60 per quarter. The dividend yield is rather low at 2.9%, but the payout ratio is just about 25%.

Timberland Bancorp: Still Attractive Despite The 40% Share Price Increase

HOQUIAM, Wa., April 27, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”) today reported that net income increased 44% to $7.25 million for the quarter ended March 31, 2021 from $5.05 million for the comparable quarter one year ago, which quarter was affected by a $2.00 million ($1.58 million after income taxes) provision to the loan loss reserves, and decreased slightly from $7.29 million for the preceding quarter. Earnings per diluted common share (“EPS”) increased 43% to $0.86 for the current quarter from $0.60 for the comparable quarter one year ago and decreased 1% from $0.87 for the preceding quarter.

Timberland Bancorp's Second Fiscal Quarter Earnings Per Diluted Share Increases 43% to $0.86

HOQUIAM, Wash., April 27, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”) today announced that Timberland has been recognized by Keefe Bruyette & Woods (“KBW”) by its inclusion in KBW's 2021 Bank Honor Roll. To be eligible for this award, a bank must have assets of more than $500 million and must have reported increases in annual earnings per share for ten consecutive years. Timberland was one of three new members included in the 2021 KBW Bank Honor Roll. Only 16 banking institutions nationally qualified for this award.

Timberland Bancorp Named to the 2021 KBW Bank Honor Roll and, in Addition, Announces the Receipt of the 2020 Raymond James Bankers Cup Award

HOQUIAM, Wash., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or the “Company”), the holding company for Timberland Bank (the “Bank”) announced today that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the Company may repurchase up to 5% of the Company's outstanding shares, or 415,970 shares. The new stock repurchase program replaces the existing stock repurchase program, which had 141,952 shares available to be repurchased.

Timberland Bancorp, Inc. Announces New Stock Repurchase Program

Timberland Bancorp started its FY 2021 excellent with an increasing net interest income, no loan losses and a net income increase. The EPS of $0.88 in Q1 comfortably covers the increased dividend of $0.21 per quarter.

Timberland Bancorp: A Dividend Hike, A Special Dividend, And No Loan Loss Provisions

Announces a 5% Increase in the Quarterly Cash Dividend and a $0.10 Special Dividend

Timberland Bancorp's First Fiscal Quarter Earnings Per Share Increases 12% to $0.87

HOQUIAM, Wash., Nov. 24, 2020 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or the “Company”), the holding company for Timberland Bank (the “Bank”) announced today that Kelly A. Suter has been appointed to the Boards of Directors of the Company and the Bank. Ms. Suter has been appointed to serve on the Board in place of Daniel Yerrington whom announced his retirement today from Timberland's Boards having reached Timberland's mandatory retirement age. Dan is the former CEO of South Sound Bank which Timberland acquired in October 2018. We have greatly appreciated Dan's assistance with the successful integration of South Sound's operations into Timberland's and his wisdom and contributions to the Company's success during his tenure serving on our Boards.

Timberland Bancorp, Inc. Appoints Kelly A. Suter to its Board of Directors

Timberland Bancorp is a small bank focusing on Seattle and its surroundings. The majority of the loan book consists of mortgages, and should have a relatively attractive risk profile.

Timberland Bancorp: Trading At Just 7 Times Earnings And A 4% Dividend Yield

HOQUIAM, Wash., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ: TSBK) (“Timberland” or “the Company”) today reported net income increased 1% to $24.27 million for the fiscal year ended September 30, 2020 from $24.02 million for the fiscal year ended September 30, 2019. Earnings per diluted common share (“EPS”) increased 1% to $2.88 for the 2020 fiscal year from $2.84 for the 2019 fiscal year.

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