TFSL

TFS Financial (TFSL) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +37.50%. A quarter ago, it was expected that this holding company for Third Federal Savings and Loan would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. TFS Financial, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $89.27 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.26%. This compares to year-ago revenues of $82.04 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TFS Financial shares have added about 36.1% since the beginning of the year versus the S&P 500's gain of 6.9%. While TFS Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TFS Financial was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.09 on $89.8 million in revenues for the coming quarter and $0.34 on $346.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Finance sector, Abacus Global Management, Inc. (ABX), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6. This company is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of +13.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Abacus Global Management, Inc.'s revenues are expected to be $65.38 million, up 16.3% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TFS Financial Corporation (TFSL) : Free Stock Analysis Report Abacus Global Management, Inc. (ABX) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

CLEVELAND, July 30, 2026--(BUSINESS WIRE)--TFS Financial Corporation (NASDAQ: TFSL) (the "Company", "we", "our"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the quarter and nine months ended June 30, 2026. "I’m proud to share that Third Federal had record earnings of $30.5 million in the third quarter," said Chairman and CEO Marc A. Stefanski. "First mortgage originations were more than $600 million; our net interest margin increased to 1.90%, and we maintained a Tier 1 capital ratio of 10.72%. And thanks to the hard work of our dedicated associates, we successfully upgraded our primary banking system to support our company and our customers today, and in the future." Operating Results for the Quarter Ended June 30, 2026 compared to the Quarter Ended March 31, 2026 Net income rose $7.3 million, or 31.4%, to $30.5 million for the quarter ended June 30, 2026, from $23.2 million in the prior quarter. This increase reflected higher net interest income, a release of provision for credit losses, an increase in non-interest income and a decrease in non-interest expenses. Net interest income increased $3.6 million, or 4.6%, to $81.4 million for the quarter ended June 30, 2026 from $77.8 million for the quarter ended March 31, 2026. This increase was primarily attributable to a nine basis point increase in the yield on interest-earning assets, primarily loans, partially offset by a five basis point increase in the cost of interest-bearing liabilities. The interest rate spread for the quarter improved by four basis points over the prior quarter to 1.58%, while the net interest margin increased six basis points to 1.90%. For the quarter ended June 30, 2026, the Company recorded a release of $3.5 million from the provision for credit losses compared to no release or provision recorded for the quarter ended March 31, 2026. The release of provision was driven by a decrease in reserve requirements for longer-term, fixed-rate home equity loans. This segment of the equity loan portfolio has grown in recent years and is outperforming the loss model's expectations. The decrease was partially offset by higher reserve requirements tied to growth in the equity loan and other residential loan portfolios. The total allowance for credit losses decreased $2.9 million during the quarter to $102.0 million, or 0.63% of total loans receivable, from $104.9 million, or 0.67% of total loans receivable, at March 31, 2026. The allowance for unfunded commitments, included in other liabilities, decreased $1.5 million and had a balance of $28.5 million at June 30, 2026 compared to $30.0 million at March 31, 2026. Net recoveries were $0.7 million for the quarter ended June 30, 2026 compared to $0.8 million for the previous quarter. Total loan delinquencies, which have remained historically low for more than 20 years, increased $5.1 million to $43.5 million, or 0.27% of total loans receivable, at June 30, 2026 from $38.4 million, or 0.24% of total loans receivable, at March 31, 2026. Total non-interest income increased $0.5 million, or 6.7%, to $7.9 million for the quarter ended June 30, 2026 from $7.4 million for the quarter ended March 31, 2026. Changes included increases of $0.2 million in loan fees and service charges, $0.7 million in proceeds from bank owned life insurance contracts, $0.5 million in other non-interest income, primarily related to unrealized gains on interest rate lock commitments treated as derivatives, and a $0.9 million decrease in net gain on the sale of loans. Total non-interest expense decreased $1.3 million, or 2.3%, to $54.1 million for the quarter ended June 30, 2026 from $55.4 million for the quarter ended March 31, 2026. The change primarily reflected a $1.8 million decrease in salaries and employee benefits, driven by lower group health insurance costs and increases in capitalized payroll costs for loan origination and software development activities. This was partially offset by a $0.5 million increase in office property, equipment and software expense. Financial Condition at June 30, 2026 compared to March 31, 2026 Total assets increased $595.3 million to $18.08 billion at June 30, 2026 from $17.48 billion at March 31, 2026, mainly due to increases in cash and cash equivalents and mortgage loans held for investment. Cash and cash equivalents increased $131.6 million, or 30.1%, to $568.9 million at June 30, 2026 from $437.3 million at March 31, 2026, due to normal fluctuations and liquidity management. Loans held for investment, net of allowance and deferred loan expenses, increased $439.2 million, or 2.8%, to $16.18 billion at June 30, 2026. During the quarter ended June 30, 2026, the combined balances of home equity loans and lines of credit increased $236.1 million to $5.47 billion and residential core mortgage loans increased $201.3 million to $10.67 billion. Marketing efforts and correspondent banking relationships helped drive residential mortgage loan originations and acquisitions to $616.4 million for the quarter ended June 30, 2026 compared to $251.7 for the quarter ended March 31, 2026 and $384.2 for the quarter ended June 30, 2025. Loans held for sale increased $9.4 million to $14.5 million at June 30, 2026, from $5.1 million at March 31, 2026. Deposits decreased $195.0 million, or 1.9%, to $9.99 billion at June 30, 2026, compared to $10.19 billion at March 31, 2026. The decrease was primarily driven by a $220.9 million decrease in CDs given the competitive nature of deposit pricing and the Company's strategic attention to managing funding costs at the risk of increasing customer attrition. Other changes included a $10.3 million decrease in money market deposit accounts, a $3.9 million decrease in checking accounts and a $40.8 million increase in savings accounts. Borrowed funds increased $668.5 million, or 13.0%, to $5.81 billion at June 30, 2026, compared to $5.14 billion at March 31, 2026. The increase in borrowed funds included increases in advances from the Federal Home Loan Bank ("FHLB") of Cincinnati and federal funds purchased and was used to fund loan growth and maintain daily liquidity. Operating Results for the Nine Months Ended June 30, 2026 compared to the Nine Months Ended June 30, 2025 The Company reported net income of $76.1 million for the nine months ended June 30, 2026, an increase of $11.1 million, or 17.1%, compared to net income of $65.0 million for the nine months ended June 30, 2025. The increase was primarily driven by increases in net interest income and non-interest income along with a release of provision for credit losses, partially offset by an increase in non-interest expenses. Net interest income increased $19.5 million, or 9.1%, to $234.9 million for the nine months ended June 30, 2026 compared to $215.4 million for the nine months ended June 30, 2025. The yield on interest-earning assets, primarily loans, improved by 13 basis points compared to the prior year period, as lower-rate residential mortgages were replaced with higher-yielding mortgage loans and home equity products. The cost of interest-bearing liabilities increased two basis points. The interest rate spread was 1.54% for the nine months ended June 30, 2026 compared to 1.43% for the nine months ended June 30, 2025. The net interest margin was 1.85% for the nine months ended June 30, 2026 and 1.74% for the nine months ended June 30, 2025. During the nine months ended June 30, 2026, there was a $4.5 million release of provision for credit losses compared to $1.5 million of provision expense recorded during the nine months ended June 30, 2025. Net loan recoveries totaled $2.2 million for the nine months ended June 30, 2026 and $3.1 million for the same period of the prior year. The total allowance for credit losses decreased $2.4 million to $102.0 million, or 0.63% of total loans receivable, from $104.4 million, or 0.67% of total loans receivable, at September 30, 2025 and decreased $0.4 million from $102.4 million, or 0.66% of total loans receivable at June 30, 2025. The decrease was primarily related to reduced reserve requirements for longer-term, fixed-rate home equity loans offset by an increase in reserve requirements for loan growth. The allowance for credit losses included $28.5 million, $30.1 million and $29.8 million in liabilities for unfunded commitments at June 30, 2026, September 30, 2025 and June 30, 2025, respectively. Total loan delinquencies increased $8.8 million to $43.5 million, or 0.27% of total loans receivable, at June 30, 2026 from $34.7 million, or 0.22% of total loans receivable, at September 30, 2025 and increased $6.8 million from $34.3 million, or 0.22% of total loans receivable, at June 30, 2025. Non-accrual loans totaled $40.3 million, or 0.25% of total loans receivable, at June 30, 2026, compared to $38.7 million, or 0.25% of total loans receivable, at September 30, 2025 and $37.3 million, or 0.24% of total loans receivable at June 30, 2025. Total non-interest income increased $2.8 million, or 13.6%, to $23.4 million for the nine months ended June 30, 2026, from $20.6 million for the nine months ended June 30, 2025. The increase was primarily due to increases of $0.9 million in loan fees and service charges and $1.9 million in net gain on the sale of loans. During the nine months ended June 30, 2026 and 2025, there were $260.3 million and $210.6 million of loans sold with net gains on the sale of loans totaling $4.9 million and $3.0 million, respectively. Total non-interest expense for the nine months ended June 30, 2026 increased $13.5 million, or 8.9%, to $165.7 million from $152.2 million for the nine months ended June 30, 2025. There were increases of $7.2 million in salaries and employee benefits, $2.0 million in office property, equipment and software expenses and $4.7 million in other expenses, partially offset by a decrease of $0.5 million in federal insurance premium and assessments. The increase in salaries and benefits was mainly the result of higher staffing levels and an increase in stock-based compensation expenses, as well as a one-time bonus provided to associates in December 2025, totaling $2.2 million, recognizing their contributions to record earnings in fiscal year 2025. The increases were partially offset by a $4.3 million increase in capitalized payroll costs related to the implementation of a new core banking system. The increase in other expenses included increases in credit report fees, due to a higher volume of loan pre-approvals, down payment assistance grants and postage expenses. Additionally, while actuarial adjustments to the defined benefit (pension) plan remained positive, they were lower than the previous year. Financial Condition at June 30, 2026 compared to September 30, 2025 Total assets increased $618.7 million, or 3.5%, to $18.08 billion at June 30, 2026 from $17.46 billion at September 30, 2025. The increase was mainly the result of increases in cash and cash equivalents and loans held for investment. Cash and cash equivalents increased $139.5 million, or 32.5%, to $568.9 million at June 30, 2026 from $429.4 million at September 30, 2025, due to normal fluctuations and liquidity management. Loans held for investment, net of allowance and deferred loan expenses, increased $518.3 million, or 3.3%, to $16.18 billion at June 30, 2026 from $15.66 billion at September 30, 2025. The increase was offset by a $43.2 million decrease in loans held for sale, which totaled $14.5 million at June 30, 2026. Home equity loans and lines of credit increased $660.5 million to $5.47 billion and the residential core mortgage loan portfolio decreased $138.4 million to $10.67 billion. The changes in loans held for sale and loans held for investment were affected by the volume of loans originated, acquired and sold. During the nine months ended June 30, 2026, residential mortgage loan originations and acquisitions totaled $1.18 billion compared to $760.2 million for the nine months ended June 30, 2025. Of total residential mortgage loans originated and acquired during the most recent period, 84% were purchase transactions. Commitments originated for home equity loans and lines of credit were $1.70 billion for the nine months ended June 30, 2026 compared to $1.87 billion for the nine months ended June 30, 2025. Deposits decreased $454.6 million, or 4.4%, to $9.99 billion at June 30, 2026 from $10.45 billion at September 30, 2025. The decrease was the result of a $1.19 billion decrease in CDs and a $29.7 million decrease in money market deposit accounts, partially offset by increases of $752.0 million in savings accounts and $4.8 million in checking accounts. The decrease in total CDs included a $1.20 billion decrease in retail CDs, the majority of which moved into savings accounts, and an $18.4 million increase in brokered CD accounts. There were $919.3 million in brokered certificates of deposit at June 30, 2026 compared to $900.9 million at September 30, 2025. Borrowed funds increased $940.7 million, or 19.3%, to $5.81 billion at June 30, 2026 from $4.87 billion at September 30, 2025. The balance of borrowed funds at June 30, 2026 included $1.34 billion of overnight advances, $1.25 billion of term advances with a weighted average maturity of approximately 1.5 years and $3.05 billion of term advances, aligned with interest rate swap contracts, with a remaining weighted average effective maturity of approximately 2.6 years, all from the FHLB of Cincinnati, and federal funds purchased of $150.0 million. Total shareholders' equity increased $63.5 million, or 3.4%, to $1.96 billion at June 30, 2026 from $1.89 billion at September 30, 2025. Activity reflects $76.1 million of net income, dividends paid of $45.2 million, $5.0 million in repurchases of the Company's common stock, a $29.8 million net increase in accumulated other comprehensive income and net positive adjustments of $7.8 million related to our stock compensation and employee stock ownership plans. The change in accumulated other comprehensive income was primarily due to a net increase in unrealized gains on swap contracts. During the nine months ended June 30, 2026, a total of 355,241 shares of the Company's common stock were repurchased at an average cost of $14.07 per share. The Company's eighth stock repurchase program, authorized by the Board of Directors in October 2016, allows for a total of 10,000,000 shares to be repurchased, with 4,588,845 remaining shares authorized for repurchase at June 30, 2026. The Company declared and paid a quarterly dividend of $0.2825 per share during each of the first three fiscal quarters of 2026. As a result of a mutual member vote, Third Federal Savings and Loan Association of Cleveland, MHC (the "MHC"), the mutual holding company that owns approximately 81% of the outstanding stock of the Company, was able to waive its receipt of its share of the dividends paid. Under Federal Reserve regulations, the MHC is required to obtain the approval of its members every 12 months for the MHC to waive its right to receive dividends. As a result of a July 7, 2026 member vote and the subsequent non-objection of the Federal Reserve, the MHC has the approval to waive receipt of up to $1.27 per share of possible dividends to be declared on the Company’s common stock during the twelve months subsequent to the members’ approval (i.e., through July 7, 2027). The MHC has conducted the member vote to approve the dividend waiver each of the past 13 years under Federal Reserve regulations and for each of those 13 years, approximately 97% of the votes cast were in favor of the waiver. The Company operates under the capital requirements for the standardized approach of the Basel III capital framework for U.S. banking organizations ("Basel III Rules"). At June 30, 2026 all of the Company's capital ratios exceed the amounts required for the Company to be considered "well capitalized" for regulatory capital purposes. The Company's Tier 1 leverage ratio was 10.72%, its Common Equity Tier 1 and Tier 1 ratios were each 16.88% and its total capital ratio was 17.79%. Presentation slides as of June 30, 2026 will be available on the Company's website, thirdfederal.com, under the Investor Relations link under the "Presentations" menu, beginning July 31, 2026. The Company will not be hosting a conference call to discuss its operating results. Third Federal Savings and Loan Association is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security while creating value for our customers, communities, associates and shareholders. It became part of a public company in 2007 and celebrated its 85th anniversary in 2023. Third Federal, which lends in 28 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 14 full service branches throughout Florida. As of June 30, 2026, the Company’s assets totaled $18.08 billion. View source version on businesswire.com: https://www.businesswire.com/news/home/20260730390115/en/ Contacts TFS Financial CorporationJennifer Rosa (216) 429-5037

Riverview Bancorp (RVSB) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +14.29%. A quarter ago, it was expected that this holding company for Riverview Community Bank would post earnings of $0.05 per share when it actually produced earnings of $0.03, delivering a surprise of -40%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Riverview Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $15.01 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.45%. This compares to year-ago revenues of $13.27 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Riverview Bancorp shares have added about 6% since the beginning of the year versus the S&P 500's gain of 8.3%. While Riverview Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Riverview Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $15.3 million in revenues for the coming quarter and $0.32 on $61.6 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, TFS Financial (TFSL), has yet to report results for the quarter ended June 2026. This holding company for Third Federal Savings and Loan is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. TFS Financial's revenues are expected to be $87.3 million, up 6.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Riverview Bancorp Inc (RVSB) : Free Stock Analysis Report TFS Financial Corporation (TFSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Citizens Community Bancorp, Inc. (CZWI) came out with quarterly earnings of $0.11 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -73.17%. A quarter ago, it was expected that this company would post earnings of $0.36 per share when it actually produced earnings of $0.39, delivering a surprise of +8.33%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Citizens Community Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $16.11 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.16%. This compares to year-ago revenues of $16.15 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Citizens Community Bancorp shares have added about 32.2% since the beginning of the year versus the S&P 500's gain of 8.3%. While Citizens Community Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Citizens Community Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $17.4 million in revenues for the coming quarter and $1.82 on $67.85 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, TFS Financial (TFSL), is yet to report results for the quarter ended June 2026. This holding company for Third Federal Savings and Loan is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. TFS Financial's revenues are expected to be $87.3 million, up 6.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citizens Community Bancorp, Inc. (CZWI) : Free Stock Analysis Report TFS Financial Corporation (TFSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

West Bancorp (WTBA) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.59%. A quarter ago, it was expected that this holding company for West Bank would post earnings of $0.59 per share when it actually produced earnings of $0.61, delivering a surprise of +3.39%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. West Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $28.12 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.12%. This compares to year-ago revenues of $23.83 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. West Bancorp shares have added about 20% since the beginning of the year versus the S&P 500's gain of 9.6%. While West Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for West Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $29.5 million in revenues for the coming quarter and $2.59 on $115.1 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, TFS Financial (TFSL), has yet to report results for the quarter ended June 2026. This holding company for Third Federal Savings and Loan is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. TFS Financial's revenues are expected to be $87.3 million, up 6.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report TFS Financial Corporation (TFSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

TFS Financial’s 25.9% return over the past six months has outpaced the S&P 500 by 17.5%, and its stock price has climbed to $18.30 per share. This run-up might have investors contemplating their next move. Is now the time to buy TFS Financial, or should you be careful about including it in your portfolio? Check out our in-depth research report to see what our analysts have to say, it’s free. We’re glad investors have benefited from the price increase, but we don’t have much confidence in TFS Financial. Here are three reasons you should be careful with TFSL, plus one stock we’d rather own. Net interest income commands greater market attention due to its reliability and consistency, whereas one-time fees are often seen as lower-quality revenue that lacks the same dependable characteristics. TFS Financial’s net interest income has grown at a 5.8% annualized rate over the last five years, worse than the broader banking industry. Its growth was driven by both an increase in its outstanding loans and net interest margin, which represents how much a bank earns in relation to its outstanding loan book. Net interest margin (NIM) represents how much a bank earns in relation to its outstanding loans. It’s one of the most important metrics to track because it shows how a bank’s loans are performing and whether it has the ability to command higher premiums for its services. Over the past two years, we can see that TFS Financial’s net interest margin averaged a poor 1.8%, indicating the company has weak loan book economics. We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable. TFS Financial’s flat EPS over the last five years was below its 1.8% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. We cheer for all companies supporting the economy, but in the case of TFS Financial, we’ll be cheering from the sidelines. With its shares beating the market recently, the stock trades at 2.6× forward P/B (or $18.30 per share). At this valuation, there’s a lot of good news priced in - we think other companies feature superior fundamentals at the moment. We’d recommend looking at an all-weather company that owns household favorite Taco Bell. ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+214% between June 2020 and June 2025). Find your next big winner with StockStory today.

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the thrifts & mortgage finance stocks, including TFS Financial (NASDAQ:TFSL) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates. The 13 thrifts & mortgage finance stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 3.9% while next quarter’s revenue guidance was 6.6% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Tracing its roots back to 1938 during the Great Depression era when savings and loans were vital to homeownership, TFS Financial (NASDAQ:TFSL) is a savings and loan holding company that provides mortgage lending, deposit services, and other retail banking products primarily in Ohio and Florida. TFS Financial reported revenues of $84.48 million, up 14% year on year. This print was in line with analysts’ expectations, and overall, it was a satisfactory quarter for the company with EPS in line with analysts’ estimates. “Third Federal saw record earnings of $91 million in our fiscal year, driven by a continued focus on improving our net interest margin, and an increase in first mortgage and home equity originations,” said Chairman and CEO Marc A. Stefanski. Interestingly, the stock is up 27.6% since reporting and currently trades at $17.87. Is now the time to buy TFS Financial? Access our full analysis of the earnings results here, it’s free. Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE:RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform. Rocket Companies reported revenues of $2.82 billion, up 108% year on year, outperforming analysts’ expectations by 2%. The business had an exceptional quarter with a beat of analysts’ EPS estimates. Rocket Companies achieved the fastest revenue growth among its peers. The market seems content with the results as the stock is up 4.9% since reporting. It currently trades at $14.85. Is now the time to buy Rocket Companies? Access our full analysis of the earnings results here, it’s free. Operating as a specialized real estate investment trust (REIT) with roots dating back to 2012, Franklin BSP Realty Trust (NYSE:FBRT) originates and manages a diversified portfolio of commercial real estate debt investments secured by properties in the United States and abroad. Franklin BSP Realty Trust reported revenues of $60.39 million, up 6.1% year on year, falling short of analysts’ expectations by 17.4%. It was a disappointing quarter as it posted a significant miss of analysts’ net interest income and EPS estimates. Franklin BSP Realty Trust delivered the weakest performance against analyst estimates of the whole group. As expected, the stock is down 8.9% since the results and currently trades at $8.18. Read our full analysis of Franklin BSP Realty Trust’s results here. Founded during the Roaring Twenties in 1926 and headquartered in Fair Lawn, New Jersey, Columbia Financial (NASDAQ:CLBK) operates federally chartered savings banks in New Jersey that offer traditional banking services including loans, deposits, and insurance products. Columbia Financial reported revenues of $66.18 million, up 18.5% year on year. This number topped analysts’ expectations by 9.1%. However, it was a slower quarter as it logged EPS in line with analysts’ estimates and net interest income in line with analysts’ estimates. The stock is up 19.5% since reporting and currently trades at $22. Read our full, actionable report on Columbia Financial here, it’s free. Tracing its roots back to 1859 and rebranded from New York Community Bancorp in 2024, Flagstar Financial (NYSE:FLG) is a bank holding company that offers commercial and consumer banking services, with specialties in multi-family lending, mortgage originations, and warehouse lending. Flagstar Financial reported revenues of $507 million, up 3.5% year on year. This print missed analysts’ expectations by 8.3%. Overall, it was a slower quarter as it also produced a significant miss of analysts’ net interest income estimates. The stock is up 4.6% since reporting and currently trades at $15.02. Read our full, actionable report on Flagstar Financial here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Looking back on thrifts & mortgage finance stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including TFS Financial (NASDAQ:TFSL) and its peers. Thrifts & Mortgage Finance institutions operate by accepting deposits and extending loans primarily for residential mortgages, earning revenue through interest rate spreads (difference between lending rates and borrowing costs) and origination fees. The industry benefits from demographic tailwinds as millennials enter prime homebuying age, technological advancements streamlining the loan approval process, and potential interest rate stabilization improving affordability. However, significant headwinds include net interest margin compression during rate volatility, increased competition from fintech disruptors offering digital-first experiences, mounting regulatory compliance costs, and potential housing market corrections that could impact loan portfolios and default rates. The 13 thrifts & mortgage finance stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 3.8% while next quarter’s revenue guidance was 1.5% below. While some thrifts & mortgage finance stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 2% since the latest earnings results. Tracing its roots back to 1938 during the Great Depression era when savings and loans were vital to homeownership, TFS Financial (NASDAQ:TFSL) is a savings and loan holding company that provides mortgage lending, deposit services, and other retail banking products primarily in Ohio and Florida. TFS Financial reported revenues of $84.48 million, up 14% year on year. This print was in line with analysts’ expectations, and overall, it was a satisfactory quarter for the company with EPS in line with analysts’ estimates. “Third Federal saw record earnings of $91 million in our fiscal year, driven by a continued focus on improving our net interest margin, and an increase in first mortgage and home equity originations,” said Chairman and CEO Marc A. Stefanski. Interestingly, the stock is up 14.1% since reporting and currently trades at $15.98. Is now the time to buy TFS Financial? Access our full analysis of the earnings results here, it’s free. Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE:RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform. Rocket Companies reported revenues of $2.82 billion, up 118% year on year, outperforming analysts’ expectations by 2%. The business had an exceptional quarter with a beat of analysts’ EPS and revenue estimates. Rocket Companies scored the fastest revenue growth among its peers. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 3.3% since reporting. It currently trades at $13.68. Is now the time to buy Rocket Companies? Access our full analysis of the earnings results here, it’s free. Operating as a specialized real estate investment trust (REIT) with roots dating back to 2012, Franklin BSP Realty Trust (NYSE:FBRT) originates and manages a diversified portfolio of commercial real estate debt investments secured by properties in the United States and abroad. Franklin BSP Realty Trust reported revenues of $60.39 million, up 6.1% year on year, falling short of analysts’ expectations by 17.4%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and net interest income estimates. Franklin BSP Realty Trust delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 4.1% since the results and currently trades at $8.60. Read our full analysis of Franklin BSP Realty Trust’s results here. Founded in 1917 and rebranded from Washington Federal in 2023, WaFd (NASDAQ:WAFD) is a bank holding company that provides lending, deposit services, and insurance through its Washington Federal Bank subsidiary across eight western states. WaFd Bank reported revenues of $198.3 million, up 10.5% year on year. This print beat analysts’ expectations by 4%. Overall, it was a very strong quarter as it also recorded a solid beat of analysts’ revenue and net interest income estimates. The stock is up 8.4% since reporting and currently trades at $35.23. Read our full, actionable report on WaFd Bank here, it’s free. Originating as a small mortgage banking firm during the Great Depression in 1937, Walker & Dunlop (NYSE:WD) provides commercial real estate financing, property sales, appraisal, and investment management services with a focus on multifamily properties. Walker & Dunlop reported revenues of $301.3 million, up 26.9% year on year. This result topped analysts’ expectations by 11.7%. It was a strong quarter as it also produced a beat of analysts’ EPS and revenue estimates. The stock is down 5.3% since reporting and currently trades at $50.34. Read our full, actionable report on Walker & Dunlop here, it’s free. Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure? These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. StockStory’s analyst team — all seasoned professional investors — uses quantitative analysis and automation to deliver market-beating insights faster and with higher quality.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. TFS Financial (TFSL) just reported its second quarter results, with net interest income of US$77.81 million and net income of US$23.25 million, along with modest earnings per share growth and ongoing share repurchases. See our latest analysis for TFS Financial. The latest results and ongoing buybacks appear to be feeding into sentiment, with a 30 day share price return of 6.26% and an 11.27% year to date share price return. The 3 year total shareholder return of 72.41% points to stronger longer term momentum. If TFSL’s progress has you thinking about where else capital has been compounding steadily, this is a good moment to broaden your search and check out 20 top founder-led companies With earnings in line with expectations, modest growth in net income and a small discount to analyst price targets, the key question is whether TFSL is quietly cheap or if the market is already pricing in its future growth. TFS Financial currently trades on a P/E of 46x, which sits well above its recent share price progress and suggests the stock is priced for richer earnings than peers. The P/E ratio compares the share price to earnings per share and is a quick shorthand for how much investors are paying for each dollar of earnings. For a bank, a higher P/E often implies the market is comfortable paying up for earnings quality, profit resilience or anticipated growth in income. For TFSL, there are some positive earnings characteristics in the background, including high quality earnings, a 3.4% per year earnings growth rate over the past 5 years and net profit margins that are currently higher than last year. Earnings are also forecast to grow, although the 8.9% annual growth forecast is described as not significant, and both revenue and earnings are expected to grow more slowly than the broader US market. When lined up against peers, the contrast is clear. TFSL's P/E of 46x is much higher than the peer average of 11.8x and the US Banks industry average of 11.4x. It is also above an estimated fair P/E of 12.2x that our models suggest the market could move toward over time. Explore the SWS fair ratio for TFS Financial Result: Price-to-Earnings of 46x (OVERVALUED) However, a 46x P/E on a US$4.2b bank and an intrinsic discount flag of 12.2% both leave little room if earnings or sentiment soften. Find out about the key risks to this TFS Financial narrative. While the 46x P/E suggests TFSL is richly priced, the SWS DCF model appears even more cautious. On this view, the stock at $15.10 sits well above an estimated future cash flow value of $1.14, which frames TFSL as very overvalued on cash generation alone. That kind of gap can matter in practice, because it raises the question of whether you are paying mainly for sentiment and income today, or for cash flows that the model does not fully support. If both earnings multiples and cash flow signals look stretched, where does TFSL really fit in your portfolio? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out TFS Financial for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 47 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Mixed signals on valuation and future cash flows can feel uncomfortable, so it helps to look at the full picture yourself and decide quickly where you stand. You can start with a closer look at the 2 key rewards and 2 important warning signs If TFSL has sharpened your thinking, do not stop here. Use screeners to spot other stocks that might fit your goals and risk comfort. Target potential bargains by scanning for companies trading below their estimated worth using the 47 high quality undervalued stocks. Strengthen your income stream by focusing on dependable payers surfaced through the 12 dividend fortresses. Prioritise resilience by filtering for companies highlighted in the 73 resilient stocks with low risk scores. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TFSL. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

CLEVELAND, April 30, 2026--(BUSINESS WIRE)--TFS Financial Corporation (NASDAQ: TFSL) (the "Company," "we," "our"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the quarter and six months ended March 31, 2026. "During the quarter, we had a 4% increase in net income and a record $77.8 million in net interest income," said Chairman and CEO Marc A. Stefanski. "Our results were driven primarily by increasing yields from Smart Rate ARMs resetting and our prudent management of deposit costs," he said. "The upcoming purchase season, and the opportunity for mortgage growth, gives us even more optimism for the fiscal year. Our Tier I capital ratio of 10.75% exceeds the amount considered to be well-capitalized, allowing us more opportunities for growth, dividends, and strategic buybacks." Operating Results for the Quarter Ended March 31, 2026 compared to the Quarter Ended December 31, 2025 Net income rose $0.9 million, or 4.0%, to $23.2 million for the quarter ended March 31, 2026, from $22.3 million in the prior quarter. This increase reflected higher net interest income and a reduction in non-interest expenses, partially offset by an increase in the provision for credit losses and a decrease in non-interest income. Net interest income increased $2.1 million, or 2.8%, to $77.8 million for the quarter ended March 31, 2026 from $75.7 million for the quarter ended December 31, 2025. This increase was primarily attributable to a 12 basis point decrease in the cost of interest-bearing liabilities. The average balance and cost of certificates of deposit ("CDs") decreased $609.7 million and 19 basis points, respectively, while savings accounts experienced increases in both average balances ($461.4 million) and cost (56 basis points). The Company offers certain CD products that transition into liquid savings accounts at maturity. This feature has facilitated the movement of funds from CDs to savings accounts. Loan yields decreased by three basis points, reflecting the full quarterly impact of two 25 basis point reductions, during our first fiscal quarter of 2026, in the Wall Street Journal Prime Rate which serves as the index for our home equity lines of credit. The interest rate spread improved by seven basis points to 1.54%, while the net interest margin increased five basis points to 1.84%. For the quarter ended March 31, 2026, the Company did not record a provision for credit losses whereas a $1.0 million release of provision was recorded for the quarter ended December 31, 2025. The total allowance for credit losses increased $0.8 million during the quarter to $104.9 million, or 0.67% of total loans receivable, from $104.1 million, or 0.66% of total loans receivable, at December 31, 2025. The allowance for unfunded commitments, included in other liabilities, increased $0.9 million due to a $104.8 million increase in commitments to originate loans and had a balance of $30.0 million at March 31, 2026 compared to $29.1 million at December 31, 2025. Net recoveries were $0.8 million for the quarter ended March 31, 2026 compared to $0.7 million for the previous quarter. Total loan delinquencies increased $1.5 million to $38.4 million, or 0.24% of total loans receivable, at March 31, 2026 from $36.9 million, or 0.23% of total loans receivable, at December 31, 2025. Total non-interest income decreased $0.6 million, or 7.5%, to $7.4 million for the quarter ended March 31, 2026 from $8.0 million for the quarter ended December 31, 2025, primarily due to a $0.6 million decrease in net gain on the sale of loans. Total non-interest expense decreased $0.8 million, or 1.4%, to $55.4 million for the quarter ended March 31, 2026 from $56.2 million for the quarter ended December 31, 2025. Marketing expenses decreased $2.2 million due to reduced media costs, while federal insurance premium and assessments increased $0.4 million and other operating expenses increased $1.2 million. An increase in third-party costs related to residential loan applications not yet converted to funded loans drove the increase in other operating expenses. Financial Condition at March 31, 2026 compared to December 31, 2025 Total assets decreased $19.0 million to $17.48 billion at March 31, 2026 from $17.50 billion at December 31, 2025, mainly due to a decrease in cash and cash equivalents. Cash and cash equivalents decreased $19.4 million, or 4.3%, to $437.3 million at March 31, 2026 from $456.7 million at December 31, 2025, due to normal fluctuations and liquidity management. Loans held for investment, net of allowance and deferred loan expenses, increased $0.7 million, or less than 1%, remaining at $15.74 billion at March 31, 2026. During the quarter ended March 31, 2026, the combined balances of home equity loans and lines of credit increased $188.4 million to $5.24 billion and residential core mortgage loans decreased $185.9 million to $10.46 billion. Loans held for sale decreased $9.3 million to $5.1 million at March 31, 2026, from $14.4 million at December 31, 2025. Deposits decreased $184.7 million, or less than 1%, to $10.19 billion at March 31, 2026, compared to $10.37 billion at December 31, 2025, consisting of decreases of $471.0 million in CDs, $9.5 million in money market deposit accounts and $18.9 million in checking accounts, partially offset by an increase of $311.5 million in savings accounts. Borrowed funds increased $202.6 million, or 4%, to $5.14 billion at March 31, 2026, compared to $4.94 billion at December 31, 2025. The increase in borrowed funds was entirely due to an increase in utilization of advances from the Federal Home Loan Bank ("FHLB") of Cincinnati. Operating Results for the Six Months Ended March 31, 2026 compared to the Six Months Ended March 31, 2025 The Company reported net income of $45.5 million for the six months ended March 31, 2026, an increase of $2.1 million, or 4.8%, compared to net income of $43.4 million for the six months ended March 31, 2025. The increase was primarily driven by increases in net interest income and non-interest income along with a lower provision for credit losses, partially offset by an increase in non-interest expenses. Net interest income increased $13.1 million, or 9.3%, to $153.5 million for the six months ended March 31, 2026 compared to $140.4 million for the six months ended March 31, 2025. The yield on interest-earning assets for the six months ended March 31, 2026 rose by 14 basis points compared to the prior year period, as lower-rate residential mortgages were replaced with higher-yielding mortgage loans and home equity products. The cost of interest-bearing liabilities increased by two basis points. The interest rate spread was 1.51% for the six months ended March 31, 2026 compared to 1.39% for the six months ended March 31, 2025. The net interest margin was 1.82% for the six months ended March 31, 2026 and 1.70% for the six months ended March 31, 2025. During the six months ended March 31, 2026, there was a $1.0 million release of provision for credit losses compared to no provision for the six months ended March 31, 2025. Net loan recoveries totaled $1.5 million for the six months ended March 31, 2026 and $2.1 million for the same period of the prior year. The total allowance for credit losses increased $0.5 million to $104.9 million, or 0.67% of total loans receivable, from $104.4 million, or 0.67% of total loans receivable, at September 30, 2025 and increased $4.9 million from $99.9 million, or 0.65% of total loans receivable at March 31, 2025. The increases were primarily related to increases in the home equity loan and lines of credit portfolios. The allowance for credit losses included $30.0 million, $30.1 million and $29.4 million in liabilities for unfunded commitments at March 31, 2026, September 30, 2025 and March 31, 2025, respectively. Total loan delinquencies increased $3.7 million to $38.4 million, or 0.24% of total loans receivable, at March 31, 2026 from $34.7 million, or 0.22% of total loans receivable, at September 30, 2025 and increased $6.8 million from $31.6 million, or 0.20% of total loans receivable, at March 31, 2025. Non-accrual loans totaled $37.1 million, or 0.23% of total loans receivable, at March 31, 2026, compared to $38.7 million, or 0.25% of total loans receivable, at September 30, 2025 and $37.0 million, or 0.24% of total loans receivable at March 31, 2025. Total non-interest income increased $1.9 million, or 14.0%, to $15.5 million for the six months ended March 31, 2026, from $13.6 million for the six months ended March 31, 2025, primarily due to a $1.8 million increase in net gain on the sale of loans. During the six months ended March 31, 2026 and 2025, there were $204.1 million and $147.2 million of loans sold with net gains on the sale of loans totaling $4.1 million and $2.3 million, respectively. Total non-interest expense for the six months ended March 31, 2026 increased $12.6 million, or 12.7%, to $111.6 million from $99.0 million for the six months ended March 31, 2025. There were increases of $6.4 million in salaries and employee benefits, $2.0 million in marketing services, $1.2 million in office property, equipment and software expenses and $3.5 million in other expenses, partially offset by a decrease of $0.5 million in federal insurance premium and assessments. The increase in salaries and benefits was mainly the result of a one-time after-tax bonus of $1,500 provided to all associates in December 2025, totaling $2.2 million, as well as higher staffing levels and stock-based compensation expenses, partially offset by an increase in capitalized payroll costs related to the implementation of a new core banking system. Other expenses rose due to an increase in third party expenses related to a higher volume of loan applications not yet converted to funded loans, increased down payment assistance and additional postage expenses. Additionally, pension benefits arising from actuarial adjustments were lower during the most recent period. Financial Condition at March 31, 2026 compared to September 30, 2025 Total assets increased $23.4 million, or less than 1%, to $17.48 billion at March 31, 2026 from $17.46 billion at September 30, 2025. The increase was mainly the result of increases in loans held for investment and other assets, partially offset by decreases in loans held for sale and investment securities available for sale. Investment securities available for sale decreased $66.1 million, or 12.69%, to $454.6 million at March 31, 2026 from $520.7 million at September 30, 2025. This decrease was mainly due to the combined effect of cash flows from security repayments and maturities. During the six months ended March 31, 2026, a $50.0 million treasury security matured and was not replaced. Loans held for investment, net of allowance and deferred loan expenses, increased $79.0 million, or 0.5%, to $15.74 billion at March 31, 2026 from $15.66 billion at September 30, 2025. The increase was offset by a $52.6 million decrease in loans held for sale, which totaled $5.1 million at March 31, 2026. Home equity loans and lines of credit increased $424.4 million to $5.24 billion and the residential core mortgage loan portfolio decreased $339.8 million to $10.46 billion. The changes in loans held for sale and loans held for investment were affected by the volume of loans originated, acquired and sold. During the six months ended March 31, 2026, residential mortgage loan origination and acquisitions were $567.1 million compared to $376.0 million for the six months ended March 31, 2025. Of total residential mortgage loans originated and acquired during the most recent period, 80% were purchase transactions. Commitments originated for home equity loans and lines of credit were $1.10 billion for the six months ended March 31, 2026 compared to $1.19 billion for the six months ended March 31, 2025. Other assets increased $41.2 million, or 36.9%, to $152.9 million at March 31, 2026 from $111.7 million at September 30, 2025. The increase largely stemmed from a $47.9 million increase in the margin requirement on swap contracts following the maturity of an investment security previously posted as collateral. This was partially offset by a $3.5 million decrease in deferred income tax assets and a $4.0 million decrease in interest receivables on swap contracts. Deposits decreased $259.6 million, or 2.5%, to $10.19 billion at March 31, 2026 from $10.45 billion at September 30, 2025. The decrease was the result of a $965.2 million decrease in CDs and a $19.4 million decrease in money market deposit accounts, partially offset by increases of $711.2 million in savings accounts and $8.7 million in checking accounts. The decrease in total CDs included a $926.7 million decrease in retail CDs, the majority of which moved into savings accounts, and a $38.5 million decrease in brokered CD accounts. There were $862.4 million in brokered certificates of deposit at March 31, 2026 compared to $900.9 million at September 30, 2025. Borrowed funds increased $272.2 million, or 5.6%, to $5.14 billion at March 31, 2026 from $4.87 billion at September 30, 2025. The balance of borrowed funds at March 31, 2026, all from the FHLB of Cincinnati, included $624.0 million of overnight advances, $1.53 billion of term advances with a weighted average maturity of approximately 1.5 years and $2.98 billion of term advances, aligned with interest rate swap contracts, with a remaining weighted average effective maturity of approximately 2.8 years. Total shareholders' equity increased $28.5 million, or 1.5%, to $1.92 billion at March 31, 2026 from $1.89 billion at September 30, 2025. Activity reflects $45.5 million of net income, dividends paid of $30.1 million, $4.0 million in repurchases of the Company's common stock, a $12.4 million net decrease in accumulated other comprehensive loss and net positive adjustments of $4.7 million related to our stock compensation and employee stock ownership plans. The change in accumulated other comprehensive income was primarily due to a net decrease in unrealized losses on swap contracts. During the six months ended March 31, 2026, a total of 288,196 shares of the Company's common stock were repurchased at an average cost of $13.86 per share. The Company's eighth stock repurchase program, authorized by the Board of Directors in October 2016, allows for a total of 10,000,000 shares to be repurchased, with 4,655,890 remaining shares authorized for repurchase at March 31, 2026. The Company declared and paid a quarterly dividend of $0.2825 per share during each of the first two fiscal quarters of 2026. As a result of a mutual member vote, Third Federal Savings and Loan Association of Cleveland, MHC (the "MHC"), the mutual holding company that owns approximately 81% of the outstanding stock of the Company, was able to waive its receipt of its share of the dividends paid. Under Federal Reserve regulations, the MHC is required to obtain the approval of its members every 12 months for the MHC to waive its right to receive dividends. As a result of a July 8, 2025 member vote and subsequent non-objection of the Federal Reserve, the MHC has the approval to waive receipt of up to $1.13 per share of possible dividends to be declared on the Company’s common stock during the twelve months subsequent to the members’ approval (i.e., through July 8, 2026), including a total of up to $0.2825 remaining. The MHC has conducted the member vote to approve the dividend waiver each of the past twelve years under Federal Reserve regulations and for each of those twelve years, approximately 97% of the votes cast were in favor of the waiver. The Company operates under the capital requirements for the standardized approach of the Basel III capital framework for U.S. banking organizations ("Basel III Rules"). At March 31, 2026 all of the Company's capital ratios exceed the amounts required for the Company to be considered "well capitalized" for regulatory capital purposes. The Company's Tier 1 leverage ratio was 10.77%, its Common Equity Tier 1 and Tier 1 ratios were each 17.22% and its total capital ratio was 18.18%. Presentation slides as of March 31, 2026 will be available on the Company's website, thirdfederal.com, under the Investor Relations link under the "Presentations" menu, beginning May 1, 2026. The Company will not be hosting a conference call to discuss its operating results. Third Federal Savings and Loan Association is a leading provider of savings and mortgage products, and operates under the values of love, trust, respect, a commitment to excellence and fun. Founded in Cleveland in 1938 as a mutual association by Ben and Gerome Stefanski, Third Federal’s mission is to help people achieve the dream of home ownership and financial security while creating value for our customers, communities, associates and shareholders. It became part of a public company in 2007 and celebrated its 85th anniversary in May 2023. Third Federal, which lends in 28 states and the District of Columbia, is dedicated to serving consumers with competitive rates and outstanding service. Third Federal, an equal housing lender, has 21 full service branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 15 full service branches throughout Florida. As of March 31, 2026, the Company’s assets totaled $17.48 billion. Forward Looking Statements 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. These forward-looking statements include, among other things: statements of our goals, intentions and expectations; statements regarding our business plans and prospects and growth and operating strategies; statements concerning trends in our provision for credit losses and charge-offs on loans and off-balance sheet exposures; statements regarding the trends in factors affecting our financial condition and results of operations, including credit quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events: significantly increased competition among depository and other financial institutions, including with respect to our ability to charge overdraft fees; inflation and changes in the interest rate environment that reduce our interest margins or reduce the fair value of financial instruments, or our ability to originate loans; general economic conditions, either globally, nationally or in our market areas, including employment prospects, real estate values and conditions that are worse than expected; the strength or weakness of the real estate markets and of the consumer and commercial credit sectors and its impact on the credit quality of our loans and other assets, and changes in estimates of the allowance for credit losses; decreased demand for our products and services and lower revenue and earnings because of a recession or other events; changes in consumer spending, borrowing and savings habits, including repayment speeds on loans; adverse changes and volatility in the securities markets, credit markets or real estate markets; our ability to manage market risk, credit risk, liquidity risk, reputational risk, regulatory risk and compliance risk; our ability to access cost-effective funding; legislative or regulatory changes that adversely affect our business, including changes in regulatory costs and capital requirements and changes related to our ability to pay dividends and the ability of Third Federal Savings, MHC to waive dividends; changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the FASB or the PCAOB; the adoption of implementing regulations by a number of different regulatory bodies, and uncertainty in the exact nature, extent and timing of such regulations and the impact they will have on us; our ability to enter new markets successfully and take advantage of growth opportunities; future adverse developments concerning Fannie Mae or Freddie Mac; changes in monetary and fiscal policy of the U.S. Government, including policies of the U.S. Treasury, the Federal Reserve System, Federal Housing Finance Agency, the OCC, FDIC, and others, and the effects of tariffs and retaliatory actions; the ability of the U.S. Government to remain open, function properly and manage federal debt limits; the continuing governmental efforts to restructure the U.S. financial and regulatory system; the effects of the current partial federal government shutdown; changes in policy and/or assessment rates of taxing authorities that adversely affect us or our customers; changes in accounting and tax estimates; changes in our organization and changes in expense trends, including but not limited to trends affecting non-performing assets, charge-offs and provisions for credit losses; the inability of third-party providers to perform their obligations to us; changes in liquidity, including the size and composition of our deposit portfolio, and the percentage of uninsured deposits in the portfolio; the effects of global or national war, conflict or acts of terrorism; our ability to retain key associates; civil unrest; cyber-attacks, computer viruses and other technological risks that may breach the security of our websites or other systems to obtain unauthorized access to confidential information, destroy data or disable our systems; and the impact of a wide-spread pandemic, and related government action, on our business and the economy. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by any forward-looking statements. Any forward-looking statement made by us in this report speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260430892602/en/ Contacts TFS Financial Corporation Jennifer Rosa (216) 429-5037