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TSBK

Timberland Bancorp, Inc.

TSBK

Timberland Bancorp, Inc. • NASDAQ
$34.20 ▼ -1.10% (-0.38)
Market Cap $269.82 M
52w High $38.08
52w Low $27.51
Dividend Yield 1.05%
P/E 9.32
Volume 5.11K
Outstanding Shares 7.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $27.321M ▲ $10.065M ▼ $7.1M ▲ 25.987% ▲ $0.9 ▲ $9.501M ▲
Q2-2025 $26.562M ▼ $10.199M ▲ $6.755M ▼ 25.431% ▲ $0.85 ▼ $9.077M ▼
Q1-2025 $26.978M ▲ $10.086M ▲ $6.86M ▲ 25.428% ▲ $0.86 ▲ $9.193M ▲
Q4-2024 $26.819M ▲ $9.902M ▲ $6.355M ▲ 23.696% ▲ $0.8 ▲ $8.564M ▲
Q3-2024 $25.756M $9.883M $5.924M 23% $0.74 $8.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $228.71M ▼ $1.91B ▼ $1.296B ▼ $1.989B ▲
Q3-2025 $231.321M ▲ $1.957B ▲ $1.701B ▲ $256.664M ▲
Q2-2025 $219.965M ▲ $1.933B ▲ $1.68B ▲ $252.524M ▲
Q1-2025 $191.677M ▼ $1.909B ▼ $1.66B ▼ $249.199M ▲
Q4-2024 $247.194M $1.923B $1.678B $245.413M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $38.19M ▲ $10.778M ▼ $-24.033M ▼ $15.671M ▼ $2.416M ▼ $10.346M ▼
Q2-2025 $6.755M ▼ $12.354M ▲ $-1.945M ▼ $16.731M ▲ $27.14M ▲ $12.157M ▲
Q1-2025 $6.86M ▲ $-3.056M ▼ $22.054M ▲ $-19.655M ▼ $-657K ▼ $-3.562M ▼
Q4-2024 $6.355M ▲ $6.616M ▼ $-17.121M ▼ $16.32M ▲ $5.815M ▲ $6.317M ▼
Q3-2024 $5.924M $7.429M $-15.17M $-13.695M $-21.436M $7.215M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Asset Management
Asset Management
 $0 ▲$0 ▲$0 ▲$0 ▲
Credit and Debit Card
Credit and Debit Card
 $0 ▲$0 ▲$0 ▲$0 ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$0 ▲$0 ▲
Servicing Income On Loans Sold
Servicing Income On Loans Sold
 $0 ▲$0 ▲$0 ▲$0 ▲
Investment Advice
Investment Advice
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has trended gradually higher over the past few years, showing a steady, organic growth story rather than rapid expansion. Profitability has generally been healthy, with operating results staying fairly consistent, but net income and earnings per share have bounced around a bit, reflecting changing interest-rate conditions and credit costs. The latest year shows higher revenue but slightly softer earnings compared with the prior year, which suggests that funding costs, loan mix, or credit provisions may be pressuring the bottom line even as the core business grows. Overall, the bank appears solidly profitable, but no longer in the particularly strong earnings phase it enjoyed during the most favorable rate and credit environment.

Balance Sheet

Balance Sheet The balance sheet looks conservative and gradually expanding. Total assets have grown at a measured pace, which fits a cautious community-bank profile rather than aggressive balance sheet expansion. Cash levels, while lower than a few years ago, still appear reasonable and suggest the bank has not overextended itself. Debt remains modest, indicating limited reliance on wholesale borrowing or other leveraged funding. Equity has been building steadily, showing that profits are being retained and capital strength is improving over time. Altogether, Timberland appears to be managed with a focus on stability and resilience rather than maximum growth.

Cash Flow

Cash Flow Cash generation from the core business has been stable and sufficient to cover routine needs, which is what you want to see in a community bank. Free cash flow is broadly in line with operating cash flow, since capital spending requirements are relatively light. This points to a business that does not need heavy ongoing investment just to stand still. The steady pattern also suggests that underlying customer relationships and loan portfolios are not undergoing severe swings. While the bank is not a cash engine in the way a high-fee business might be, it appears to consistently generate enough cash to support operations, dividends, and gradual balance sheet strengthening.

Competitive Edge

Competitive Edge Timberland’s competitive edge comes less from cutting-edge technology and more from its deep roots in Western Washington and its community-bank model. Local decision-making, long-standing relationships, and strong involvement in local philanthropy create customer loyalty that is hard for large national banks to copy. On top of this, Timberland has carved out expertise in local real estate and construction lending, giving it a niche where local knowledge matters. At the same time, it offers a reasonably full digital banking experience, which helps it stay relevant against larger and online-only competitors. The main risk is that, as a focused regional player, it is more exposed to economic and real-estate cycles in its home markets than a more diversified national bank.

Innovation and R&D

Innovation and R&D While Timberland does not run classic research labs, it is actively innovating around how it delivers banking services. The bank has rolled out modern online and mobile tools, including account aggregation, card controls, and digital cash management for businesses. Its partnership with Spiral to integrate charitable giving and “round-up” donations directly into everyday banking is a distinctive move that aligns with its community focus and may appeal to socially minded customers. Rather than trying to build every technology in-house, Timberland seems to lean on fintech partnerships to enhance its offering while keeping the personal, local feel of a community bank. The key question going forward is how effectively it can keep adding such tools without losing the simplicity and personal touch that define its brand.

Summary

Timberland Bancorp looks like a cautious, community-oriented bank with steady growth, solid profitability, and a conservative balance sheet. Earnings have been good overall, though not on a straight upward path, reflecting normal banking-cycle pressures like interest rates and credit conditions. Capital strength and low debt give it a buffer against shocks, while stable cash generation supports its operations and shareholder returns. Competitively, its moat comes from local relationships, real-estate expertise, and a strong community reputation, now reinforced by a thoughtful use of digital tools and fintech partnerships such as Spiral. The main opportunities lie in deepening its digital offerings and expanding carefully within its region, while the main risks stem from its regional concentration and exposure to local real-estate cycles. Overall, it appears to be run with an emphasis on stability, community ties, and measured innovation rather than aggressive growth.

NEWS

October 30, 2025 · 6:33 PM UTC

Timberland Bancorp 2025 Fiscal Year's Net Income Increases 20% to $29.16 Million

Read more