TFSL

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...

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% b...

For the quarter ended March 2026, TFS Financial (TFSL) reported revenue of $85.24 million, up 7.7% over the same period last year. EPS came in at $0.08, compared to $0.07 in the year-ago quarter. The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $85.3 million. With the consensus EPS estimate being $0.08, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how TFS Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Interest Margin: 1.8% versus the two-analyst average estimate of 1.8%. Average Balance - Total interest-earning assets: $16.89 billion compared to the $16.81 billion average estimate based on two analysts. Net Interest Income: $77.81 million versus the two-analyst average estimate of $76.56 million. Other non-interest (loss) income: $0.48 million versus $0.63 million estimated by two analysts on average. Net gain (loss) on the sale of loans: $1.74 million versus $1.94 million estimated by two analysts on average. Fees and service charges: $2.5 million versus $2.35 million estimated by two analysts on average. Total Non-Interest Income: $7.44 million compared to the $7.66 million average estimate based on two analysts. View all Key Company Metrics for TFS Financial here>>> Shares of TFS Financial have returned +3.4% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. 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 This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

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%....

CLEVELAND (AP) — CLEVELAND (AP) — TFS Financial Corp. (TFSL) on Thursday reported earnings of $23.2 million in its fiscal second quarter. The Cleveland-based company said it had profit of 8 cents per share. The holding company for Third Federal Savings and Loan posted revenue of $202.9 million in the period. Its adjusted revenue was $85.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TFSL at https://www.zacks.com/ap/TFSL

TFS Financial (TFSL) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this holding company for Third Federal Savings and Loan would post earnings of $0.09 per share when it actually produced earnings of $0.08, delivering a surprise of -11.11%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. TFS Financial, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $85.24 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.07%. This compares to year-ago revenues of $79.12 million. The company has not been able to beat consensus revenue estimates 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 10% since the beginning of the year versus the S&P 500's gain of 4.2%. 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...

TFS Financial trades at $14.73 and has moved in lockstep with the market. Its shares have returned 8.2% over the last six months while the S&P 500 has gained 5%. 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 cautious about TFS Financial. Here are three reasons we avoid TFSL and a stock we'd rather own. While bank generate revenue from multiple sources, investors view net interest income as a cornerstone - its predictable, recurring characteristics stand in sharp contrast to the volatility of one-time fees. TFS Financial’s net interest income has grown at a 3.9% annualized rate over the last five years, much worse than the broader banking industry. This was driven by its loan growth as its net interest margin, which represents how much a bank earns in relation to its outstanding loan book, declined throughout that period. Net interest margin (NIM) serves as a critical gauge of a bank's fundamental profitability by showing the spread between interest income and interest expenses. It's essential for understanding whether a firm can sustainably generate returns from its lending operations. Over the past two years, we can see that TFS Financial’s net interest margin averaged a poor 1.7%, 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 weak 2% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. TFS Financial falls short of our quality standards. That said, the stock currently trades at 2.2× forward P/B (or $14.73 per share). This valuation tells us a lot of optimism is priced in - we think there are better opportunities elsewhere. We’d suggest looking at the most entrenched endpoint security platform on the market. 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 meeting 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...

WSFS Financial (WSFS) came out with quarterly earnings of $1.45 per share, missing the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.03%. A quarter ago, it was expected that this bank holding company would post earnings of $1.26 per share when it actually produced earnings of $1.43, delivering a surprise of +13.49%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. WSFS, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $275.25 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.45%. This compares to year-ago revenues of $256.11 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. WSFS shares have added about 25.6% since the beginning of the year versus the S&P 500's gain of 4.3%. While WSFS 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 WSFS 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) st...

Even during a down period for the markets, TFS Financial has gone against the grain, climbing to $14.33. Its shares have yielded a 6.5% return over the last six months, beating the S&P 500 by 8.6%. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move. Is there a buying opportunity in TFS Financial, or does it present a risk to your portfolio? See what our analysts have to say in our full research report, it’s free. We’re happy investors have made money, but we don't have much confidence in TFS Financial. Here are three reasons why TFSL doesn't excite us and a stock we'd rather own. Markets consistently prioritize net interest income over non-recurring fees, recognizing its superior quality compared to the more unpredictable revenue streams. TFS Financial’s net interest income has grown at a 3.9% annualized rate over the last five years, much worse than the broader banking industry. This was driven by its loan growth as its net interest margin, which represents how much a bank earns in relation to its outstanding loan book, declined throughout that period. 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 1.7%, indicating the company has weak loan book economics. Analyzing the long-term change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. TFS Financial’s weak 2% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. TFS Financial doesn’t pass our quality test. With its shares outperforming the market lately, the stock trades at 2.1× forward P/B (or $14.33 per share). This valuation tells us a lot of optimism is priced in - we think there are better opportunities elsewhere. We’d suggest looking at one of Charlie Munger’s all-time favorite businesses. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common b...

TFS Financial Corporation recently reported first-quarter fiscal 2026 results, with net interest income rising to US$75.68 million while net income was broadly unchanged at US$22.27 million, and basic and diluted earnings per share holding at US$0.08. Alongside these steady earnings, the company continued returning capital to shareholders, completing a long-running buyback program that has retired more than 5.19 million shares since 2016. Next, we’ll examine how the earnings miss against revenue expectations and rising non-interest expenses shape TFS Financial’s investment narrative. Find companies with promising cash flow potential yet trading below their fair value. For someone considering TFS Financial, the core story is still about a conservative, mortgage-focused bank that prioritizes consistent earnings and cash returns over rapid growth, and the latest quarter largely fits that script. Net interest income improved to US$75.68 million while earnings and EPS held steady, which, despite missing revenue expectations and seeing higher non-interest costs, does not appear to upend the near-term narrative. The key short term catalysts remain management’s response to rate cuts, any further margin compression, and how effectively TFS reins in bonus, healthcare, marketing, and technology spending. On the risk side, a rich valuation versus peers, an uncovered high dividend and recent insider selling were already front of mind, and this print mainly reinforces those concerns rather than creating new ones. However, the pressure from rising expenses and a high payout ratio is something investors should not ignore. TFS Financial's share price has been on the slide but might be dropping deeper into value territory. Find out whether it's a bargain at this price. Three Simply Wall St Community fair value estimates span from about US$1.45 to US$13.59, underlining how differently private investors view TFSL. Set against recent margin pressure and rising operating costs, that spread shows why it can be useful to weigh several viewpoints before deciding how these earnings shape your own expectations. Explore 3 other fair value estimates on TFS Financial - why the stock might be worth less than half the current price! Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd. A great sta...

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. TFS Financial (TFSL) has put fresh numbers on the table, with first quarter net income of US$22.27 million and earnings of US$0.08 per share, while revenue came in below expectations and buybacks continued. See our latest analysis for TFS Financial. The latest update comes after a period where the stock has edged higher overall, with a 30 day share price return of 3.72% and a 1 year total shareholder return of 11.66%. This suggests steady rather than explosive momentum as earnings, dividends and buybacks shape sentiment. If this kind of steady bank stock is on your radar, it can also be worth scanning solid balance sheet and fundamentals stocks screener (None results) for other financial institutions with resilient balance sheets and fundamentals. With earnings holding steady at US$0.08 per share, a P/E near 7 and a dividend yield above 8%, the key question is whether TFSL is quietly cheap or whether the market already sees the future and has priced it in. On the surface, TFS Financial looks cheap using a simple P/E of about 7 on the latest quarterly earnings, but the preferred valuation lens tells a very different story. Based on the assessment that TFSL is expensive on a P/E of 43.9x, the stock is flagged as richly valued compared with several benchmarks while trading around $14.08. The P/E ratio compares the share price to earnings per share and is a common way to see how much investors are paying for each dollar of profit. For banks, it often reflects expectations around loan growth, credit quality and interest margin resilience rather than rapid expansion. For TFSL, the preferred multiple suggests investors are paying a higher price for those earnings than both peers and what an estimated fair P/E implies. TFSL is described as expensive versus an estimated fair P/E of 12.3x. This is a level the market could potentially move toward if sentiment or growth expectations reset. The contrast is even starker when you stack TFSL against the broader group. The company is described as expensive versus the peer average P/E of 14.4x and also versus the US Banks industry average of 11.8x. Both sit far below the indicated 43.9x. Explore the SWS fair ratio for TFS Financial Result: Price-to-Earnings of 43.9x (OVERVALUED) However,...

CLEVELAND, January 29, 2026--(BUSINESS WIRE)--TFS Financial Corporation (NASDAQ: TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the quarter ended December 31, 2025. "We have had a positive start to our fiscal year as we quickly adapted to three recent Fed rate cuts," said Chairman and CEO Marc A. Stefanski. "Our net interest income increased by $7.4 million over the same period in 2025, and we continue to effectively navigate competition for savings customers while also managing our margin. Our Tier 1 capital ratio of 10.75%, demonstrates our strength and stability as we consistently exceed the amount considered well capitalized." Operating Results for the Quarter ended December 31, 2025 compared to the Quarter ended September 30, 2025 The Company reported net income of $22.3 million for the quarter ended December 31, 2025 compared to $26.0 million for the quarter ended September 30, 2025. The decrease in net income was mainly due to a decrease in net interest income and an increase in non-interest expense, partially offset by a release of provision for credit losses. Net interest income decreased $1.6 million, or 2.07%, to $75.7 million for the quarter ended December 31, 2025 when compared to the quarter ended September 30, 2025. The main reason for the decrease was lower average yields on home equity lines of credit and cash equivalents, following three recent 25 basis point interest rate cuts to the Wall Street Journal Prime Rate, the index to which home equity lines of credit are linked. The interest rate spread for the quarter ended December 31, 2025 was 1.47% compared to 1.54% for the preceding quarter. The net interest margin was 1.79% for the quarter ended December 31, 2025 and 1.84% for the quarter ended September 30, 2025. During the quarter ended December 31, 2025, there was a $1.0 million release of provision for credit losses compared to a $1.0 million provision expense for the quarter ended September 30, 2025. The total allowance for credit losses at December 31, 2025 was $104.1 million, or 0.66% of total loans receivable, compared to $104.4 million, or 0.67% of total loans receivable, at September 30, 2025. The overall allowance decreased primarily due to a decline in unfunded commitments for loan originations. The liability for unfunded co...