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Stock impact report

Timberland Bancorp: Low Loan Loss Provisions Boost Earnings [Seeking Alpha]

Timberland Bancorp, Inc. (TSBK) 
US:NASDAQ Investor Relations: timberlandbank.com/investor-relations
Company Research Source: Seeking Alpha
TSBK's net interest income rose over 10% year-over-year, with bottom line net profit up 20% to $1.04 per share in the December quarter. The loan book remains high quality, with less than 0.1% of commercial real estate loans past due and strong collateral backing residential mortgages. I see TSBK as undervalued at a 10x earnings multiple and am comfortable paying a 25–30% premium to tangible book value. Looking for more investing ideas like this one? Get them exclusively at European Small-Cap Ideas. Learn More » halbergman/iStock via Getty Images Introduction I have been following Timberland Bancorp ( TSBK for in excess of five years now , and since that initial article, the bank's share price has doubled. A decent result, and although the total return of in excess of 100% isn't exactly hitting More on my IG service Consider joining European Small-Cap Ideas to gain exclusive access to actionable research on appealing Europe-focused investment opportunities, and to the Show less Read more
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