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Jun 30, 2021
Timberland Q3 2021 Earnings Report
Net income and EPS increased due to strong quarterly performance.
Key Takeaways
Timberland Bancorp reported a 13% increase in net income to $7.02 million and a 12% increase in EPS to $0.83 for the quarter ended June 30, 2021. Strong deposit growth was driven by Paycheck Protection Program (PPP) loan proceeds and federal stimulus payments. Net loans outstanding, excluding PPP loans, increased at an annualized rate of 6%.
Net income increased 13% to $7.02 million for the quarter ended June 30, 2021.
Earnings per diluted common share increased 12% to $0.83 for the current quarter.
Return on average equity and return on average assets for the current quarter were 14.02% and 1.63%, respectively.
Total deposits increased by $40.79 million during the quarter.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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