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Jun 30, 2022
Timberland Q3 2022 Earnings Report
Net income increased due to continued solid loan growth and higher interest rates.
Key Takeaways
Timberland Bancorp reported a net income of $5.74 million, or $0.69 per diluted common share, for the quarter ended June 30, 2022. Compared to the prior quarter, net income and earnings per share increased 8% and 10%, respectively. Net loans receivable, excluding Paycheck Protection Program (“PPP”) loans, increasing 5.7%.
Net income was $5.74 million for the current quarter.
Earnings per diluted common share (“EPS”) was $0.69 for the current quarter.
Return on average equity (“ROE”) and return on average assets (“ROA”) for the current quarter were 10.80% and 1.22%, respectively.
Net interest margin (“NIM”) was 3.11% for the current quarter.
Forward Guidance
Timberland is well positioned to benefit from additional Federal Reserve actions to increase interest rates, and we anticipate additional opportunities to invest excess liquidity during the next several quarters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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