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Sep 30, 2020
Timberland Q4 2020 Earnings Report
Net income increased slightly compared to the previous quarter, with EPS rising to $0.76.
Key Takeaways
Timberland Bancorp reported a slight increase in quarterly net income, reaching $6.36 million, with earnings per diluted share at $0.76. The company's loan deferrals decreased to less than 1% of the loan portfolio, and they plan to resume stock repurchases.
Net income increased to $6.36 million for the quarter.
Earnings per diluted share increased to $0.76 for the quarter.
Loans remaining in a deferred payment status had decreased to less than 1% of net loans outstanding.
Plan to resume purchasing stock in November under the terms of existing stock repurchase.
Forward Guidance
Timberland will continue with its measured approach to investing a significant portion of excess liquidity, continue to sell fixed-rate one- to four-family mortgage loans into the secondary market for asset-liability management purposes and to generate non-interest income and plan to resume purchasing shares under the existing stock repurchase plan in November 2020, subject to market conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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