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TFSL

TFS Financial Corporation

TFSL

TFS Financial Corporation • NASDAQ
$14.25 ▼ -1.11% (-0.16)
Market Cap $4.00 B
52w High $14.73
52w Low $11.29
Dividend Yield 1.13%
P/E 44.53
Volume 241.45K
Outstanding Shares 280.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $207.214M ▲ $52.045M ▼ $25.999M ▲ 12.547% ▲ $0.1 ▲ $32.439M ▼
Q3-2025 $198.455M ▲ $53.185M ▲ $21.513M ▲ 10.84% ▼ $0.076 ▲ $33.304M ▲
Q2-2025 $193.02M ▼ $51.088M ▲ $21.021M ▼ 10.891% ▼ $0.074 ▼ $32.083M ▼
Q1-2025 $193.271M ▼ $47.941M ▼ $22.426M ▲ 11.603% ▲ $0.079 ▲ $33.699M ▲
Q4-2024 $194.936M $51.084M $18.215M 9.344% $0.064 $28.01M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $544.835M ▲ $17.457B ▲ $15.563B ▲ $1.894B ▲
Q3-2025 $502.784M ▼ $17.376B ▲ $15.488B ▲ $1.888B ▼
Q2-2025 $513.924M ▼ $17.112B ▲ $15.215B ▲ $1.897B ▼
Q1-2025 $973.641M ▼ $17.058B ▼ $15.143B ▼ $1.914B ▲
Q4-2024 $989.969M $17.091B $15.228B $1.863B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $21.513M ▲ $26.752M ▲ $-264.041M ▼ $226.287M ▲ $-11.002M ▼ $25.026M ▲
Q2-2025 $21.021M ▼ $21.225M ▼ $-43.6M ▼ $20.027M ▲ $-2.348M ▼ $14.278M ▼
Q1-2025 $22.426M ▲ $45.545M ▲ $-2.725M ▲ $-40.607M ▼ $2.213M ▲ $44.908M ▲
Q4-2024 $18.215M ▼ $-58.68M ▼ $-111.87M ▼ $73.833M ▲ $-96.717M ▼ $-59.395M ▼
Q3-2024 $19.953M $96.743M $-42.972M $-87.67M $-33.899M $95.909M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Banking
Banking
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Earnings look steady and gradually improving over the past several years. Revenue has climbed meaningfully from earlier levels, while profit margins have stayed fairly consistent, suggesting the bank is growing without sacrificing discipline on costs or credit quality. Net income and earnings per share have moved up only modestly, pointing to stability rather than rapid growth. Overall, the income statement reflects a conservative, slow‑and‑steady franchise with a focus on maintaining profitability rather than chasing aggressive expansion.

Balance Sheet

Balance Sheet The balance sheet has grown over time, with total assets moving higher each year, consistent with a bank that is carefully expanding its lending and deposit base. Debt levels have risen faster than equity, which means leverage has increased and leaves less room for error if the economic environment weakens or funding costs rise. Equity has still grown, which is a positive sign of retained strength, but it is not keeping pace with the build‑up in liabilities. Cash levels appear adequate but not excessive, so the bank likely leans on stable deposits and wholesale funding rather than large cash cushions.

Cash Flow

Cash Flow Operating cash flow has been positive and fairly consistent, which is what you want to see from a traditional bank whose main engine is interest income and fee income. Free cash flow closely tracks operating cash flow because capital spending needs are modest, reflecting a low‑capex business model. This pattern suggests the company generates reliable internal cash to support dividends, technology upgrades, and balance sheet growth. The main risk is not cash generation itself, but how well management navigates funding costs and credit quality so that this steady cash profile can continue.

Competitive Edge

Competitive Edge TFS Financial operates as a traditional, conservative regional bank with a strong focus on mortgage lending and core retail deposits. Its long‑standing customer relationships, service‑oriented culture, and community presence in Ohio (and to a lesser extent Florida) form the heart of its competitive moat. The mutual holding company structure encourages a long‑term mindset and has historically supported generous dividends and capital strength, which can attract income‑oriented shareholders and support franchise stability. Key vulnerabilities include geographic concentration, competition for deposits from larger banks and online players, and sensitivity to interest‑rate swings that can pressure margins if not managed carefully.

Innovation and R&D

Innovation and R&D Innovation here is incremental rather than disruptive. The bank has modernized its digital channels with practical features like mobile access, remote check deposit, and security upgrades, which are now table stakes in retail banking. The planned core system overhaul, targeted for mid‑decade, is a major internal project; if executed well, it should improve efficiency, enable faster product rollout, and deepen data capabilities, but it also carries execution and cost risks while in transition. The new technology infrastructure financing platform is a notable step outside the pure traditional-banking lane, offering white‑label financing for technology deployments and diversifying revenue sources, though it is still early and unproven at scale.

Summary

TFS Financial presents as a conservative, income‑oriented regional bank with slow but steady growth and a strong emphasis on customer relationships and prudent lending. Profitability has been stable, supported by controlled costs and disciplined credit, while the balance sheet shows measured expansion but also rising leverage that bears watching. Cash generation is solid and reliable, fitting a mature business rather than a high‑growth story. Competitively, the bank leans on loyalty, community ties, and its unique mutual holding structure rather than cutting‑edge fintech. Looking ahead, the key swing factors are the successful execution of the new core system, the traction of its technology financing initiative, and its ability to manage funding costs and credit quality in a changing rate and regulatory environment.

NEWS

November 20, 2025 · 4:20 PM UTC

TFS Financial Corporation Declares Dividend

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October 30, 2025 · 4:17 PM UTC

TFS Financial Reports Record $91 Million in Earnings for Fiscal Year 2025

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