TSBK earnings analysis
What we found in TSBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Timberland reported $21.79 million of operating revenue and diluted EPS of $0.98 for the quarter, with EPS up from $0.90 in both the prior quarter and prior-year quarter. The supplied filing text does not provide enough information to calculate current gross margin, operating margin, free cash flow, balance-sheet trends, or segment performance. Controls were deemed effective, the company continued repurchases, and management provided no quantitative forward guidance.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS increased sequentially and year over year
- Operating revenue was $21.79 million and diluted EPS was $0.98, compared with $0.90 EPS in both 2026 Q2 and 2025 Q3, indicating sequential and year-over-year EPS improvement.
- Share repurchases continued
- The company repurchased 70,000 shares during the quarter at an average price of $40.49, leaving 157,977 shares available under the program at June 30, 2026.
- Disclosure controls remained effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal controls that materially affected, or were reasonably likely to materially affect, reporting.
- No material legal proceedings
- The company reported that neither it nor the Bank was party to any material legal proceedings at the time of filing.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Credit-loss and non-accrual pressure
- Credit quality remained a concern in the reported quarter: the prior earnings discussion identified an increased credit-loss provision and non-accrual loans above the prior year, although the supplied 10-Q excerpt does not provide the related dollar amounts.
- Capital deployed to repurchases
- The company repurchased 70,000 shares for $2.83 million based on the reported average price of $40.49, reducing liquidity available for other uses; 157,977 shares remained authorized for repurchase.
- No material risk-factor update
- Item 1A states that there were no material changes to the risk factors previously disclosed in the 2025 Form 10-K, so existing banking, credit, interest-rate, and liquidity risks remain applicable.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.98
What they said about what is next.
The provided 10-Q text contains no quantitative revenue or EPS outlook; no change to a prior outlook was reported.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 7, 2026
- Timberland Bancorp reported a strong Q2 2026 performance with revenues of $21.05 million and EPS of $0.90, reflecting solid growth compared to the previous year. The company also increased its dividends and has shown…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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