Loading...
•
Dec 31, 2022
Timberland Q1 2023 Earnings Report
Timberland Bancorp's first fiscal quarter net income increased year-over-year.
Key Takeaways
Timberland Bancorp reported a strong first fiscal quarter with a 37% increase in net income year-over-year, reaching $7.51 million, and a 38% increase in EPS to $0.90. The company's performance was driven by robust loan and investment portfolio growth and a beneficial interest rate environment.
EPS increased 38% to $0.90, a record for the quarter.
Net income increased 37% to $7.51 million.
Return on average assets was 1.63%.
Net interest margin improved to 4.03%.
Forward Guidance
Funding costs are expected to rise over the next couple of quarters as Timberland increases rates to retain rate sensitive deposits.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...