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Timberland Bancorp, Inc.

Timberland Bancorp, Inc.

NASDAQ•TSBK
CEO: Mr. Dean J. Brydon CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1998-01-13
Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate loans, and land loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, and land development. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans, automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans; and commercial business loans. The company was founded in 1915 and is headquartered in Hoquiam, Washington.
Contact Information
624 Simpson Avenue, Hoquiam, WA, 98550, United States
360-533-4747
www.timberlandbank.com
Market Cap
$286.35M
P/E (TTM)
9.8
15.1
Dividend Yield
2.9%
52W High
$38.28
52W Low
$27.51
52W Range
81%
Rank28Top 16.1%
5.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$29.63M+10.49%
4-Quarter Trend

EPS

$1.07+33.75%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Quarterly Net Income Rises Net income reached $7.10M, a 19.9% increase year-over-year, driven by $1.64M growth in Net Interest Income.
NIM and Efficiency Improvement Net Interest Margin expanded 27 basis points to 3.80% for the quarter; Efficiency ratio improved to 54.48%.
Loan and Deposit Growth Total assets grew to $1.96B, supported by a $21.81M increase in total deposits and 1.4% growth in net loans.
Strong Capital Ratios Maintained Tier 1 Capital Ratio stood at 12.56%, significantly exceeding the 4.00% regulatory minimum for adequate capitalization.

Risk Factors

Substandard Loan Increase Noted Substandard loans increased sharply to $32.37M from $8.43M, resulting from downgrading three relationships previously classified as Watch/Special Mention.
Increased Credit Loss Provisioning Provision for credit losses rose to $440K for the quarter due to loan portfolio growth and updated macroeconomic model assumptions.
Deposit Cost Pressures Emerge Funding costs moderated slower than asset yields, reflecting a shift in deposit mix towards higher-cost certificate of deposit accounts.
Emerging AI Technology Risks Adoption of AI introduces model risk, cybersecurity threats, and regulatory scrutiny regarding transparency and explainability in decision-making.

Outlook

New Share Repurchase Program Company announced a new stock repurchase program authorizing buybacks up to 5% of outstanding common stock shares.
Anticipated Insurance Income Management anticipates recording approximately $1.00M in death benefit claim income during the quarter ending September 30, 2025.
Loan Portfolio Monitoring Management continues disciplined loan growth while closely monitoring credit quality, especially within commercial real estate segments.

Peer Comparison

Revenue (TTM)

FS Bancorp, Inc.FSBW
$219.50M
+13.1%
The First Bancorp, Inc.FNLC
$175.82M
+9.2%
Citizens Financial Services, Inc.CZFS
$172.10M
+2.8%

Gross Margin (Latest Quarter)

First United CorporationFUNC
71.6%
+0.8pp
Timberland Bancorp, Inc.TSBK
71.5%
+5.0pp
Northeast Community Bancorp, Inc.NECB
66.2%
+1.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FSBW$319.05M9.910.8%5.8%
CZFS$309.53M9.110.9%9.1%
FNLC$304.82M9.612.0%4.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.2%
Moderate Growth
4Q Net Income CAGR
7.2%
Profitability Improving
Cash Flow Stability
50%
Cash Flow Needs Attention

Research & Insights

Next earnings:Jan 26, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 8, 2025|
    Revenue: $27.32M+6.1%
    |
    EPS: $0.90+21.6%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $26.56M+7.5%
    |
    EPS: $0.85+19.7%
    N/A

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 10, 2025|
    Revenue: $26.98M+11.2%
    |
    EPS: $0.86+10.3%
    N/A

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Dec 11, 2024|
    Revenue: $101.55M+16.4%
    |
    EPS: $3.02-9.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $25.76M+18.6%
    |
    EPS: $0.74-3.9%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $24.71M+16.8%
    |
    EPS: $0.71-12.3%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Feb 12, 2024|
    Revenue: $24.26M+16.3%
    |
    EPS: $0.78-14.3%
    Miss

  • Form 10-K - FY 2023

    Period End: Sep 30, 2023|Filed: Dec 11, 2023|
    Revenue: $87.23M+29.6%
    |
    EPS: $3.32+16.9%
    Beat