TSBK
TIMBERLAND BANCORP INC
Next earnings Jul 20, 2026
Last earnings -1.7% on 2026-04-30
$44.67
▲ +0.09%$44.67▲ +45.75%
over 1Y
L $30.02EODHDH $44.80
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.1%
1W+1.2%
1M+9.3%
3M+11.5%
YTD+28.3%
1Y+45.7%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Well-capitalized Washington thrift at 12x earnings and ~1.3x book, coming off a record year with a growing dividend and buyback.
Diluted EPS $3.67 · FY2025
The read
Quality fundamentals and an attractive price line up (~212% below fair value) — the rarer case where both the business and the entry look good.
Timberland is a small, plainly-run Washington savings institution that just posted its best year in the five shown: net income $29.2M (+20.1%) and diluted EPS $3.67 (+21.9%), on total assets of $2.01B. The balance sheet is a strength, not a worry — equity of $263M against $1.75B liabilities is only 6.66x leverage (conservative for a bank), retained earnings grew to $237M (+9.8%), and cash ballooned 47.8% to $243M, giving ample liquidity. Operating cash flow of $30.2M (+31%) comfortably funds the $8.09M dividend and $5.76M of buybacks, and the share count is shrinking (-1.1%). An unqualified Delap LLP audit with no internal-control weakness rounds out a clean picture.
On valuation this looks like value, not a hero trade. At $44.67 the stock trades at 12.2x FY2025 EPS and roughly 1.3x book value (equity $263M / 7.88M shares ≈ $33/share) for an 11.1% ROE. You are paying a modest multiple for a profitable, over-capitalized franchise that returns cash. That combination — cheap multiple, strong capital, growing payout — is what earns a buy rather than a hold, even though the business is not a fast grower.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $27.6M | $23.6M | $27.1M | $24.3M | $29.2M |
| Diluted EPS | $3.27 | $2.82 | $3.29 | $3.01 | $3.67 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF12.3
PEG (trailing)0.61
Earnings yield8.3%
FCF yield8.1%
Quality & risk
ROIC (est.)—
Free cash flow$28.4M
Total debt$0.00
Net cash$243M
Capital returns
Buyback yield1.6%
Dividend yield (est.)2.3%
Shareholder yield4.0%
Shares Δ YoY-1.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 10-Q Quarterly report2026-05-07
Fiscal Q2 2026 10-Q: $2.0B-asset WA thrift, steady credit and capital
- 8-K Earnings results2026-04-30
Released fiscal Q2 2026 earnings and update; bank's earnings momentum continued
- 10-Q Quarterly report2026-02-06
Fiscal Q1 2026 10-Q filed; interim results and balance-sheet detail
- 8-K Shareholder vote2026-01-29
Annual meeting vote results: directors elected, auditor ratified — routine governance
- 8-K Earnings results2026-01-27
Released fiscal Q1 2026 (Dec-qtr) earnings results
- 8-K Auditor change2026-01-07
Changed independent registered public accounting firm (auditor)
- DEF 14A Proxy statement2025-12-17
Proxy: board slate, auditor ratification and executive-comp vote for annual meeting
- 8-K Officer / director change2025-12-11
Disclosed a change in directors or officers (appointment/departure)
- 10-K Annual report2025-12-09
FY2025 10-K: record $29.2M net income (+20%), clean audit, ICFR effective
Recent filings
all on EDGAR ↗4Period ending 2026-06-232026-06-24open ↗10-QPeriod ending 2026-03-312026-05-07open ↗8-KPeriod ending 2026-04-282026-04-30open ↗11-KPeriod ending 2026-03-272026-03-27open ↗SCHEDULE 13G/AFiling2026-03-27open ↗4Period ending 2026-02-062026-02-09open ↗144Filing2026-02-09open ↗4Period ending 2026-02-052026-02-06open ↗4Period ending 2026-02-052026-02-06open ↗10-QPeriod ending 2025-12-312026-02-06open ↗144Filing2026-02-05open ↗4Period ending 2026-02-022026-02-04open ↗
Frequently asked
- Is TIMBERLAND BANCORP INC (TSBK) a buy?
- TSBK currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Well-capitalized Washington thrift at 12x earnings and ~1.3x book, coming off a record year with a growing dividend and buyback.
- What is TSBK's fair value?
- A Modified-Graham model based on TSBK's SEC fundamentals estimates a fair value of about $139.46. It is an estimate from reported earnings, not a price target.
- Is TSBK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, TSBK currently appears undervalued relative to its SEC-grounded earnings power.
- What is TIMBERLAND BANCORP INC's quality score?
- TSBK scores 80.26510176143914/100 (grade A-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001046050, latest 10-Q filed 2026-05-07) · EODHD · Proprietary analysis · as of 7/3/2026, 9:43:28 AM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.