TIMBERLAND BANCORP INC TSBK
Timberland Bancorp, Inc. ("Timberland Bancorp"), a Washington corporation, was organized on September 8, 1997 for the purpose of becoming the holding company for Timberland Bank (the "Bank"). At September 30, 2025, on a consolidated basis, the Company had total assets of $2.01 billion, net loans receivable of $1.46 billion, total deposits of $1.72 billion and total shareholders' equity of $262.61 million. The Company's business activities generally are limited to passive investment activities and oversight of its investment in the Bank. Accordingly, the information set forth in this report, including consolidated financial statements and related data, relates primarily to the Bank and its subsidiary, Timberland Service Corp.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.3M | $94.8M | $80.0M | $58.5M | $55.0M | $55.6M | $55.7M | $41.8M | $38.3M | $34.9M |
| Total operating expenses | — | — | — | — | — | — | $1.4M | $1.2M | $1.1M | $912.0K |
| Interest expense | $70.2M | $64.2M | $68.4M | $55.8M | $3.1M | $4.7M | $4.6M | $2.8M | $3.2M | $4.1M |
| Pre-tax income | $36.2M | $30.4M | $34.0M | $29.6M | $34.4M | $30.3M | $29.9M | $22.4M | $21.2M | $15.1M |
| Income tax | $7.1M | $6.1M | $6.9M | $6.0M | $6.8M | $6.0M | $5.9M | $5.7M | $7.1M | $4.9M |
| Net income | $29.2M | $24.3M | $27.1M | $23.6M | $27.6M | $24.3M | $24.0M | $16.7M | $14.2M | $10.2M |
| EPS, basic | 3.68 | 3.02 | 3.32 | 2.84 | 3.31 | 2.91 | 2.89 | 2.28 | 1.99 | 1.48 |
| EPS, diluted | 3.67 | 3.01 | 3.29 | 2.82 | 3.27 | 2.88 | 2.84 | 2.22 | 1.92 | 1.43 |
| Shares, diluted (wtd. avg.) | $8.0M | $8.1M | $8.2M | $8.4M | $8.4M | $8.4M | $8.5M | $7.5M | $7.4M | $7.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $243.4M | $164.7M | $128.7M | $316.8M | $580.2M | $314.5M | $143.0M | $148.9M | $148.2M | $108.9M |
| Property, plant and equipment | $21.7M | $21.5M | $21.6M | $21.9M | $22.4M | $23.0M | $22.8M | $19.0M | $18.4M | $16.2M |
| Goodwill | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $5.7M | $5.7M | $5.7M |
| Total assets | $2.01B | $1.92B | $1.84B | $1.86B | $1.79B | $1.57B | $1.25B | $1.02B | $952.0M | $891.4M |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $0 |
| Total liabilities | $1.75B | $1.68B | $1.61B | $1.64B | $1.59B | $1.38B | $1.08B | $893.6M | $841.0M | $794.6M |
| Retained earnings | $236.6M | $215.5M | $199.4M | $180.5M | $164.2M | $145.2M | $128.0M | $110.5M | $98.2M | $87.7M |
| Total equity | $262.6M | $245.4M | $233.1M | $218.6M | $206.9M | $187.6M | $171.1M | $124.7M | $111.0M | $96.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $30.2M | $23.0M | $31.0M | $26.5M | $29.6M | $33.9M | $18.1M | $21.4M | $13.9M | $11.8M |
| Depreciation and amortisation | $1.5M | $1.5M | $1.4M | $1.4M | $1.6M | $1.6M | $1.6M | $1.3M | $1.3M | $1.3M |
| Stock-based compensation | — | — | — | — | — | — | $441.0K | $882.0K | $605.0K | $404.0K |
| Capital expenditure | $1.7M | $1.3M | $1.1M | $911.0K | $895.0K | $2.0M | $2.2M | $2.2M | $3.5M | $640.0K |
| Investing cash flow | -$8.2M | -$45.8M | -$170.2M | -$335.2M | $37.4M | -$154.7M | -$44.5M | -$68.3M | -$20.2M | -$59.5M |
| Financing cash flow | $56.8M | $58.8M | -$48.8M | $45.2M | $198.7M | $292.2M | $20.6M | $47.5M | $45.6M | $64.4M |
| Dividends paid | $8.1M | $7.7M | $8.3M | $7.2M | $8.6M | $7.1M | $6.5M | $4.4M | $3.6M | $2.6M |
| Buybacks | $5.8M | $6.0M | $5.0M | $4.6M | $527.0K | $1.2M | $499.0K | $0 | $0 | $820.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000939057-25-000319.
Others in SIC 6036
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $5.61B | — | -25.0% |
| BBT | Beacon Financial Corp | $2.67B | 31.0x | 81.1% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.20B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.3x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $817.0M | 14.3x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $767.0M | 12.2x | — |
| GCBC | GREENE COUNTY BANCORP INC | $607.0M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $553.8M | 12.0x | 4.9% |