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Dec 31, 2020
Timberland Q1 2021 Earnings Report
Net income and EPS increased for the first fiscal quarter.
Key Takeaways
Timberland Bancorp reported a 10% increase in net income to $7.29 million and a 12% increase in EPS to $0.87 for the quarter ended December 31, 2020.
Net income increased 10% to $7.29 million for the quarter ended December 31, 2020, compared to the same quarter last year.
Earnings per diluted common share increased 12% to $0.87 for the current quarter.
The Board of Directors announced a 5% increase in the quarterly cash dividend to $0.21 per common share and a special cash dividend of $0.10 per common share.
Return on average equity and return on average assets for the current quarter were 15.39% and 1.84%, respectively.
Forward Guidance
Timberland Bancorp is encouraged by the possibility of vaccine availability and the potential for hard-hit individuals and businesses to begin recovering financially.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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