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Timberland Bancorp, Inc. operates as the bank holding company for Timberland Bank that provides various community banking services in Washington. It offers various deposit products, including money market deposit, checking, and regular savings accounts, as well as certificates of deposit. The company also provides one-to four-family residential, multi-family, commercial real estate loans, and land loans; and construction lending products, such as custom and owner/builder, speculative one- to four-family, commercial, multi-family, and land development. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans, automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans; and commercial business loans. The company was founded in 1915 and is headquartered in Hoquiam, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $78M | - | $29M | $28M | 11.1% | 10.6% | 20.1% |
| 2024 | $71M | - | $24M | $22M | 9.9% | -6.3% | -10.5% |
| 2023 | $76M | - | $27M | $30M | 11.6% | 17.0% | 14.9% |
| 2022 | $65M | - | $24M | $26M | 10.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 64.65 | 75.64 | 70.89 | 78.42 |
| Operating Revenue | - | 64.65 | 75.64 | 70.89 | 78.42 |
| Selling General And Administration | - | 22.02 | 25.06 | 25.32 | 25.53 |
| Interest Income | - | 58.39 | 79.68 | 94.46 | 101.94 |
| Interest Expense | - | 2.67 | 11.59 | 30.66 | 32.08 |
| Net Interest Income | - | 55.71 | 68.09 | 63.81 | 69.86 |
| Pretax Income | - | 29.56 | 33.99 | 30.41 | 36.23 |
| Tax Provision | - | 5.96 | 6.88 | 6.12 | 7.07 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Net Income From Continuing And Discontinued Operation | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Net Income From Continuing Operation Net Minority Interest | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Net Income | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Net Income Common Stockholders | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Net Income Including Noncontrolling Interests | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Normalized Income | - | 23.61 | 27.10 | 24.28 | 29.16 |
| Diluted NI Availto Com Stockholders | - | 23.60 | 27.12 | 24.28 | 29.16 |
| Basic Average Shares | - | 8.30 | 8.18 | 8.04 | 7.92 |
| Diluted Average Shares | - | 8.38 | 8.25 | 8.08 | 7.95 |
| Reconciled Depreciation | - | 2.84 | 2.66 | 2.58 | 2.49 |
| Total Unusual Items | - | -0.01 | 0.02 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | - | -0.01 | 0.02 | 0 | 0 |
| Special Income Charges | - | -0.01 | 0.02 | 0 | 0 |
| Other Special Charges | - | 0.01 | -0.02 | 0 | - |
| Gain On Sale Of Security | - | 0.02 | 0.10 | 0.04 | 0.06 |
| Depreciation Amortization Depletion Income Statement | - | 0.32 | 0.27 | 0.23 | 0.18 |
| Depreciation And Amortization In Income Statement | - | 0.32 | 0.27 | 0.23 | 0.18 |
| General And Administrative Expense | - | 21.32 | 24.27 | 24.56 | 24.77 |
| Other Gand A | 3.10 | 3.30 | - | - | - |
| Salaries And Wages | - | 20.82 | 23.56 | 23.73 | 23.92 |
| Insurance And Claims | - | 0.51 | 0.71 | 0.83 | 0.85 |
| Selling And Marketing Expense | - | 0.70 | 0.79 | 0.76 | 0.76 |
| Amortization | - | 0.32 | 0.27 | 0.23 | 0.18 |
| Amortization Of Intangibles Income Statement | - | 0.32 | 0.27 | 0.23 | 0.18 |
| Occupancy And Equipment | - | 3.74 | 3.92 | 4 | 4.11 |
| Professional Expense And Contract Services Expense | - | 1.75 | 2.08 | 1.32 | 1.68 |
| Other Non Interest Expense | - | 7.11 | 8.21 | 8.44 | 9.72 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Timberland Bancorp, Inc.this co. | TSBK | $323M | 11.08↑ premium | 1.23 | 11.1% | - |
| Waterstone Financial, Inc. | WSBF | $336M | 12.72 | 0.96 | 7.6% | - |
| Regional Management Corp. | RM | $331M | 7.45 | 0.89 | 11.9% | - |
| The First Bancorp, Inc. | FNLC | $331M | 9.62 | 1.17 | 12.1% | - |
| Norwood Financial Corp. | NWFL |
| - |
| - |
| - |
| - |
| - |
| $329M |
| 11.86 |
| 1.36 |
| 11.5% |
| - |
| LINKBANCORP, Inc. | LNKB | $326M | 9.72 | 1.06 | 10.9% | - |
| American Integrity Insurance Group, Inc. | AII | $321M | 3.22 | 0.95 | 29.6% | - |
| CoastalSouth Bancshares, Inc. | COSO | $314M | 12.63 | 1.21 | 9.6% | - |
| Onity Group Inc. | ONIT | $312M | 1.65 | 0.50 | 30.2% | 64.46 |
| Peer Median | - | 9.67 | 1.01 | 11.7% | 64.46 | |