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Dec 31, 2023
TFS Financial Q1 2024 Earnings Report
Announced earnings for the first fiscal quarter 2024, demonstrating expense management and a strong capital position.
Key Takeaways
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.
Net income was reported at $20.7 million.
The Tier 1 leverage ratio remained strong at 10.78%.
A dividend of $0.2825 was paid.
The expense-to-asset ratio decreased from 1.34% to 1.17% compared to the same period last year.
TFS Financial
TFS Financial
Forward Guidance
The company did not provide specific forward guidance in this earnings report. However, it stated its focus on prudently managing expenses and maintaining a strong Tier 1 capital ratio.