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Sep 30, 2022
TFS Financial Q4 2022 Earnings Report
TFS Financial Corporation reported a strong quarter and fiscal year driven by loan growth and a higher interest rate environment.
Key Takeaways
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.
Net income for the quarter was $25.4 million.
Net interest income increased by $4.2 million compared to the previous quarter.
Credit loss provision decreased by $4.0 million compared to the previous quarter.
Total assets increased by $1.73 billion, or 12%, to $15.79 billion at September 30, 2022 from $14.06 billion at September 30, 2021.
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.