Timberland Bancorp, Inc.

Timberland Bancorp, Inc.

TSBKยทNASDAQ

$40.13

-1.8%
Financial ServicesBanks - Regional

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, construction, custom and owner/builder construction, speculative one- to four-family construction, commercial construction, multi-family construction, land development construction, and land development loans. In addition, it offers consumer loans comprising home equity lines of credit and second mortgage loans; and automobile loans, boat loans, motorcycle loans, recreational vehicle loans, savings account loans, and unsecured loans, as well as commercial business loans. As of September 30, 2021, the company operated 24 branches located in Grays Harbor, Pierce, Thurston, Kitsap, King, and Lewis counties in Washington; and operated 25 proprietary automated teller machines. Timberland Bancorp, Inc. was founded in 1915 and is headquartered in Hoquiam, Washington.

At a Glance

Live Snapshot
Market Cap$314.14M
EPS3.6800
P/E Ratio10.90
Earnings Date07/21/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 10.9).

Valuation inputs: P/E 10.9, earnings yield +9.2%, momentum -1.8%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +11.1%, ROIC +10.1%).

Profitability stack: net margin +26.4%, ROE +11.1%, ROIC +10.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +87.0%, momentum -1.8%, net margin +26.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

tsbk

Timberland Bancorp, Inc. Market vs Earnings Trajectory

TSBK ยท NASDAQ

Loading price and EPS data...

Timberland Bancorp, Inc.

Timberland Bancorp, Inc. Fair Value Envelope

TSBK ยท NASDAQ

Our analysis suggests that TSBK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $40.13, this represents a potential HIDDEN relative to our calculated worth for Timberland Bancorp, Inc..

Intrinsic Value
Current Price: $40.13
3Y+30.0%
5Y+26.0%
10Y+149.0%
3Y+64.0%
5Y+58.0%
10Y+156.0%
3Y+24.0%
5Y+20.0%
10Y+187.0%
3Y+14.0%
5Y-11.0%
10Y+155.0%
3Y+11.0%
5Y-11.0%
10Y+158.0%
3Y+8.0%
5Y+29.0%
10Y+126.0%
Timberland Bancorp, Inc.

Timberland Bancorp, Inc. Profit Bridge

TSBK ยท NASDAQ
Revenue110.49M
Cost of Goods Sold (33.03M)
Gross Profit77.46M
Operating Expenses (41.23M)
Operating Income36.23M
Interest Expense (32.08M)
Other Income/Expense0.00
Pretax Income36.23M
Income Tax (7.07M)
Net Income29.16M
Net Income
29.16M

Profitability Analysis

Gross Margin

70.1%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

32.8%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

26.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

19.5%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

70.10%
Gross Profit Margin
2%
3Y-27.0%
5Y-20.0%
10Y-23.0%
32.79%
Operating Profit Margin
10%
3Y-25.0%
5Y-24.0%
10Y-6.0%
26.39%
Net Profit Margin
10%
3Y-25.0%
5Y-24.0%
10Y+12.0%
11.10%
Return on Equity
12%
3Y+3.0%
5Y-14.0%
10Y+6.0%
1.45%
Return on Assets
15%
3Y+14.0%
5Y-7.0%
10Y+27.0%
10.12%
Return on Invested Capital
12%
3Y-4.0%
5Y-17.0%
10Y+26.0%
TSBK

Timberland Bancorp, Inc. Cash Conversion Engine

TSBK ยท NASDAQ
Net Income29.16M
Depreciation & Amortization2.49M
Stock-Based Compensation537.00K
Change in Working Capital1.64M
Others-3.29M
Capital Expenditures-1.74M
Free Cash Flow28.42M

Cash Flow Quality Analysis

FCF Conversion Rate

97.5%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

5.8%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+30.9%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$1.64M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

tsbk

Timberland Bancorp, Inc. Funding & Solvency Profile

TSBK ยท NASDAQ
Cash & Cash Equivalents24.16M
Net Receivables7.40M
Inventory0.00
Other Current Assets0.00
Total Current Assets32 M
Property, Plant & Equipment24.69M
Goodwill & Intangible Assets15.33M
Long-Term Investments1.94B
Other Non-Current Assets30.42M
Total Non-Current Assets2 B
Total Assets
2.05B

Financial Health Analysis

Debt-to-Equity Ratio

6.55x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

32 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

2% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

tsbk

Timberland Bancorp, Inc. Street Expectations Map

TSBK ยท NASDAQ

No Target Data

No analyst price targets available for tsbk.

tsbk

Timberland Bancorp, Inc. Insider Positioning

TSBK ยท NASDAQ

During the last 12 months, insiders have sold $1.12M worth of TSBK shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

19.6K

761.49K

Net Activity

-761K

-$761K

6-9 Months

Bought

0

0.00

Sold

779

26.72K

Net Activity

-27K

-$27K

9-12 Months

Bought

0

0.00

Sold

14.1K

331.40K

Net Activity

-331K

-$331K

Top Buyers

No buying activity

Top Sellers

1
DMJ

Debord Matthew J

Officer: Chief Lending Officer, Evp

9.0K sharesโ€ข2 transactions

$345K

2
ABD

Antich Breanne D

Officer: Chief Technology Officer/Evp

8.1K sharesโ€ข5 transactions

$270K

3
BMA

Basich Marci A

Officer: Chief Financial Officer/Evp

5.5K sharesโ€ข4 transactions

$215K

4
FJA

Fischer Jonathan Arthur

Officer: President/Coo

2.0K sharesโ€ข1 transactions

$79K

5
CAM

Clinton Andrea M

Director

2.4K sharesโ€ข2 transactions

$76K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $1.12M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

5 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

0.74%
Dividend Yield
-6%
3Y-14.0%
5Y-34.0%
10Y+36.0%
ย 

tsbk Dividend History

TSBK
10Y CAGR +14%
Latest $0.29
Annual $1.38
5 year growth trend
Last Period: +0%