TSBK

MKT CAP:$319M

Timberland Bancorp, Inc.

Market Cap

$319M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$40.54+$5.21 (+14.75%)

Apr 23, 2026

Company Details

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 savi...

CEO

Dean J. Brydon

IPO Date

Jan 13, 1998

Website

www.timberlandbank.com

Key Metrics TTM

Revenue

$110M

+8.8% YoY

Net Income

$29M

EPS (Diluted)

$3.68

Free Cash Flow

$28M

Revenue / Share

$13.95

Gross Margin

70.1%

Operating Margin

32.8%

Net Margin

26.4%

FCF Margin

25.7%

P/S

2.9x

P/E

11.0x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Dec 9, 2025

$110M+8.8%EPS $3.67

Q4 2025

Dec 9, 2025

$30M+10.5%EPS $1.07

Q3 2025

Aug 8, 2025

$27M+6.1%EPS $0.90

Q2 2025

May 9, 2025

$27M+7.5%EPS $0.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$16M	$15M	$7M
Q2 22	$16M	$15M	$7M
Q3 22	$17M	$16M	$7M
Q4 22	$19M	$18M	$9M
Q1 23	$21M	$19M	$9M
Q2 23	$21M	$18M	$8M
Q3 23	$22M	$18M	$8M
Q4 23	$23M	$18M	$8M
Q1 24	$24M	$17M	$8M
Q2 24	$25M	$17M	$7M
Q3 24	$26M	$17M	$7M
Q4 24	$27M	$18M	$8M
Q1 25	$27M	$19M	$9M
Q2 25	$27M	$19M	$8M
Q3 25	$27M	$19M	$9M
Q4 25	$30M	$21M	$10M

Valuation

Quarter	P/S	P/E
Q1 22	3.5x	9.1x
Q2 22	3.6x	9.8x
Q3 22	3.2x	9.2x
Q4 22	3.4x	9.7x
Q1 23	3.9x	10.9x
Q2 23	2.8x	8.2x
Q3 23	2.5x	7.6x
Q4 23	2.5x	8.0x
Q1 24	2.7x	9.3x
Q2 24	2.3x	8.6x
Q3 24	2.2x	8.8x
Q4 24	2.4x	10.0x
Q1 25	2.3x	9.7x
Q2 25	2.3x	9.3x
Q3 25	2.3x	9.1x
Q4 25	2.4x	9.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$4M	$4M
Q2 22	$5M	$5M
Q3 22	$9M	$8M
Q4 22	$8M	$8M
Q1 23	$9M	$9M
Q2 23	$6M	$6M
Q3 23	$8M	$8M
Q4 23	$8M	$7M
Q1 24	$5M	$5M
Q2 24	$4M	$4M
Q3 24	$7M	$7M
Q4 24	$7M	$6M
Q1 25	-$3M	-$4M
Q2 25	$12M	$12M
Q3 25	$11M	$10M
Q4 25	$10M	$9M

Capital Expenditures

Quarter	CapEx
Q1 22	$99.0K
Q2 22	$120.0K
Q3 22	$603.0K
Q4 22	$89.0K
Q1 23	$143.0K
Q2 23	$375.0K
Q3 23	$193.0K
Q4 23	$395.0K
Q1 24	$298.0K
Q2 24	$498.0K
Q3 24	$214.0K
Q4 24	$299.0K
Q1 25	$506.0K
Q2 25	$197.0K
Q3 25	$432.0K
Q4 25	$600.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-12.0%	+1.6%
Q2 22	-7.2%	+12.6%
Q3 22	-4.0%	+10.6%
Q4 22	+17.2%	+17.2%
Q1 23	+32.1%	+28.6%
Q2 23	+33.9%	+39.7%
Q3 23	+29.9%	+44.6%
Q4 23	+23.6%	+49.6%
Q1 24	+16.3%	+43.0%
Q2 24	+16.8%	+37.2%
Q3 24	+18.6%	+33.1%
Q4 24	+14.1%	+24.0%
Q1 25	+11.2%	+12.1%
Q2 25	+7.5%	+3.3%
Q3 25	+6.1%	+0.7%
Q4 25	+10.5%	+2.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$66.0K	0.4%
Q2 22	$66.0K	0.4%
Q3 22	$72.0K	0.4%
Q4 22	$42.0K	0.2%
Q1 23	$78.0K	0.4%
Q2 23	$78.0K	0.4%
Q3 23	$79.0K	0.4%
Q4 23	$85.0K	0.4%
Q1 24	$105.0K	0.4%
Q2 24	$106.0K	0.4%
Q3 24	$105.0K	0.4%
Q4 24	$74.0K	0.3%
Q1 25	$141.0K	0.5%
Q2 25	$131.0K	0.5%
Q3 25	$121.0K	0.4%
Q4 25	$144.0K	0.5%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$5M	$166.0K
Q2 22	$5M	$161.0K
Q3 22	$5M	$187.0K
Q4 22	$5M	$182.0K
Q1 23	$6M	$195.0K
Q2 23	$6M	$178.0K
Q3 23	$6M	$179.0K
Q4 23	$6M	$235.0K
Q1 24	$6M	$186.0K
Q2 24	$6M	$159.0K
Q3 24	$6M	$211.0K
Q4 24	$6M	$205.0K
Q1 25	$6M	$181.0K
Q2 25	$6M	$189.0K
Q3 25	$6M	$182.0K
Q4 25	$6M	$209.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$521M	$51M	$572M
Q3 22	$446M	$45M	$491M
Q4 22	$340M	$41M	$381M
Q1 23	$248M	$56M	$304M
Q2 23	$163M	$55M	$217M
Q3 23	$147M	$44M	$191M
Q4 23	$144M	$42M	$186M
Q1 24	$170M	$40M	$211M
Q2 24	$192M	$62M	$253M
Q3 24	$169M	$75M	$244M
Q4 24	$175M	$72M	$247M
Q1 25	$172M	$20M	$192M
Q2 25	$200M	$20M	$220M
Q3 25	$202M	$29M	$231M
Q4 25	$251M	$31M	$282M
Q1 26	$23M	$133M	$156M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	8M	-0.1%	+0.4%
Q2 22	8M	-0.3%	-0.3%
Q3 22	8M	-0.9%	-1.4%
Q4 22	8M	-0.4%	-1.7%
Q1 23	8M	+0.1%	-1.5%
Q2 23	8M	-0.2%	-1.4%
Q3 23	8M	-1.1%	-1.6%
Q4 23	8M	-0.7%	-1.9%
Q1 24	8M	+0.1%	-1.8%
Q2 24	8M	-0.6%	-2.2%
Q3 24	8M	-1.0%	-2.1%
Q4 24	8M	-0.6%	-2.0%
Q1 25	8M	+0.1%	-2.0%
Q2 25	8M	-0.4%	-1.9%
Q3 25	8M	-0.6%	-1.5%
Q4 25	8M	-0.0%	-0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$57.2K	276
Q2 22	$57.2K	276
Q3 22	$60.6K	276
Q4 22	$67.0K	284
Q1 23	$73.5K	284
Q2 23	$74.5K	284
Q3 23	$76.5K	284
Q4 23	$82.4K	285
Q1 24	$85.1K	285
Q2 24	$86.7K	285
Q3 24	$90.4K	285
Q4 24	$97.9K	274
Q1 25	$98.5K	274
Q2 25	$96.9K	274
Q3 25	$99.7K	274
Q4 25	$109.4K	271

Revenue / Employee