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Mar 31, 2021
Timberland Q2 2021 Earnings Report
Net income and EPS increased year-over-year, driven by growth in deposits and loan originations.
Key Takeaways
Timberland Bancorp reported a strong second fiscal quarter with a 44% increase in net income to $7.25 million and a 43% increase in earnings per diluted share to $0.86, driven by strong deposit growth and loan originations.
Net income increased 44% to $7.25 million compared to the same quarter last year.
Earnings per diluted share increased 43% to $0.86 compared to the same quarter last year.
Return on average equity was 14.89% for the quarter.
Total deposits increased 32% year-over-year.
Forward Guidance
Timberland Bancorp anticipates generally rising interest rates, a slowing of prepayment activity and fixed income investment opportunities more palatable than have been available during the past year.
Positive Outlook
- Rising interest rates
- Slowing of prepayment activity
- More palatable fixed income investment opportunities
- Increased business activity in our markets
- Increased activity in our loan pipeline
Historical Earnings Impact
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Avg. Return Before/After Earnings
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