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Dec 31, 2022
TFS Financial Q1 2023 Earnings Report
TFS Financial Corporation reported strong results due to growth in net interest income and loan growth.
Key Takeaways
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%.
Net income of $22.2 million was reported.
Net interest income increased by 30% compared to the same quarter last year.
Loan growth generated $219 million.
Tier 1 leverage ratio remained strong at 11.38%.
TFS Financial
TFS Financial
Forward Guidance
This report contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions.