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Dec 31, 2021
TFS Financial Q1 2022 Earnings Report
Announced first quarter results, demonstrating loan growth and maintained asset quality.
Key Takeaways
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%.
Reported net income of $16.1 million.
Net interest margin improved to 1.69%.
Generated $165 million of loan growth.
Maintained strong asset quality with a $2 million negative provision for credit losses.
TFS Financial
TFS Financial
Forward Guidance
The company expects to continue to aggressively pursue purchase volume in 2022 with new programs to attract homebuyers, while maintaining their dividend to enhance shareholder value.