TFS Financial Earnings Reports

TFS Financial Corporation reported net income of $21.0 million for the quarter ended March 31, 2025, a decrease from $22.4 million in the previous quarter, primarily due to increases in provision for credit losses and non-interest expense, partially offset by an increase in net interest income. The company's net interest margin increased to 1.75% and total assets grew to $17.11 billion.

TFS Financial Corporation reported a net income of $22.4 million for the quarter ended December 31, 2024, driven by a release of provision for credit losses and a decrease in non-interest expense, partially offset by a decrease in net interest income. The company's Tier 1 capital ratio remained strong at nearly 11%.

TFS Financial Corporation reported a net income of $18.2 million for the quarter ended September 30, 2024. The decrease was mainly due to the change in the provision for credit losses and a decrease in net interest income between the two periods.

TFS Financial Corporation reported a net income of $20.0 million for the quarter ended June 30, 2024. Despite higher interest rates and economic uncertainty, earnings are more than 10% higher this year than last year. Retail deposit growth was 6% and loan originations totaled $2.2 billion with an average yield of 7.31%. Expense management resulted in a 5% reduction from 2023, and capital ratios continue to exceed the amounts required to be well capitalized.

TFS Financial Corporation announced its Q2 2024 earnings, reporting a net income of $20.7 million, consistent with the previous quarter. The company's Tier 1 capital ratio stands at nearly 11%, with a focus on single-family, owner-occupied mortgages. Deposits have grown by $500 million in the first six months of the fiscal year, and the company is managing costs effectively in a challenging rate environment.

TFS Financial Corporation reported a net income of $20.7 million for the quarter ended December 31, 2023. The company's expense management efforts led to a significant reduction in the expense-to-asset ratio. The company maintained a strong Tier 1 capital ratio of nearly 11 percent.

TFS Financial Corporation reported a net income of $17.6 million for the quarter ended June 30, 2023, an increase of $1.7 million compared to the previous quarter. The loan portfolio grew by more than $320 million, and total assets increased by $333.3 million to $16.59 billion. Deposits increased by $66 million, and the company paid a $0.2825 dividend per share.

TFS Financial Corporation reported a net income of $15.9 million for the quarter ended March 31, 2023. The decrease of $6.3 million from the previous quarter was primarily due to a decrease in net interest income and an increase in non-interest expense.

TFS Financial Corporation reported a net income of $22.2 million for the quarter ended December 31, 2022. The increase was primarily due to an increase in net interest income, partially offset by a decrease in non-interest income and an increase in non-interest expenses. The company saw $219 million in loan growth and maintained a Tier 1 leverage ratio of 11.38%.

TFS Financial Corporation reported a net income of $25.4 million for the fourth quarter of fiscal 2022, compared to $17.1 million for the third quarter. The increase mainly consisted of a $4.2 million increase in net interest income and a $4.0 million decrease in credit loss provision between the two periods.

TFS Financial Corporation reported a net income of $17.1 million for the quarter ended June 30, 2022, compared to $15.8 million for the quarter ended March 31, 2022. The increase was supported by higher interest income and holding more originated loans in the portfolio.

TFS Financial Corporation reported a net income of $15.8 million for the quarter ended March 31, 2022. Loan growth was $453 million, and the net interest margin improved to 1.82%.

TFS Financial Corporation reported a net income of $16.1 million for the quarter ended December 31, 2021. The company experienced loan growth of $165 million, maintained strong asset quality, and continued improvement of net interest margin to 1.69%.

TFS Financial Corporation reported a net income of $17.0 million for the quarter ended September 30, 2021, compared to $13.6 million for the same quarter in the previous year. The increase was driven by higher net interest income and lower non-interest expense, partially offset by lower net gain on the sale of loans. Loan origination volumes remained high, and the credit profile of customers remained strong.

TFS Financial Corporation reported a net income of $16.0 million for the quarter ended June 30, 2021, down from $26.8 million for the same period in 2020. The decrease was primarily due to lower gain on the sale of loans and lower net interest income. Loan originations remained strong, with a 30% increase over the previous year.

TFS Financial Corporation reported a net income of $23.0 million for the quarter ended March 31, 2021, compared to $17.3 million for the same quarter in the previous year. The increase was primarily driven by higher net gains on loan sales and releases from the allowance for credit losses, which were partially offset by a decrease in net interest income and an increased income tax provision.

TFS Financial Corporation reported a net income of $25.0 million for the quarter ended December 31, 2020, compared to $25.6 million for the quarter ended December 31, 2019. The results were driven by a decrease in net interest income, an increase in other operating expenses, and an increase in non-interest income, which was bolstered by increased net gains on the sale of loans.

TFS Financial Corporation reported a net income of $13.6 million for the quarter ended September 30, 2020, compared to $21.5 million for the same quarter in the previous year. The decrease in net income for the quarter was attributed to prepayment fees and additional interest expense from the early termination of certain Federal Home Loan Bank (FHLB) term borrowings and related interest rate swap agreements. Despite the quarterly decrease, the company saw an increase in net income for the fiscal year, driven by higher net gain on loan sales, the company's share of net gain from the sale of commercial property, lower non-interest expense, and a lower effective tax rate.

TFS Financial Corporation announced results for the three months ended June 30, 2020, reporting a net income of $26.8 million, compared to $18.3 million for the same period in 2019. The increase was primarily due to higher net gain on the sale of loans, lower non-interest expense, and a lower effective tax rate, partially offset by lower net interest income and an increase in the provision for loan losses. Loan originations reached the highest number in a single quarter in 15 years, with over $1.2 billion in first and second mortgage loans originated.

TFS Financial Corporation reported a net income of $25.6 million for the quarter ended December 31, 2019, compared to $20.3 million for the quarter ended December 31, 2018. Loan portfolio and retail deposits experienced growth, with minimal impact to net interest income.