NASDAQ : TFSL
TFS Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 16.43 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.58B
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Financial statements
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 759.60M | 759.60M | 706.48M | 663.68M | 565.61M | 395.69M |
| Interest Income on Investments | 49.63M | 49.63M | 56.70M | 70.39M | 46.31M | 13.64M |
| Total Interest Income | 809.24M | 809.24M | 763.18M | 734.07M | 611.92M | 409.33M |
| Interest Paid on Deposits | 299.24M | 299.24M | 308.76M | 292.73M | 174.20M | 76.94M |
| Interest Paid on Borrowings | 188.22M | 188.22M | 161.73M | 162.89M | 154.15M | 64.99M |
| Total Interest Expense | 487.46M | 487.46M | 470.49M | 455.62M | 328.35M | 141.94M |
| Net Interest Income | 321.78M | 321.78M | 292.69M | 278.46M | 283.57M | 267.40M |
| Other Non-Interest Income | 24.53M | 24.53M | 23.44M | 21.95M | 20.93M | 22.67M |
| Total Non-Interest Income | 30.00M | 30.00M | 28.78M | 24.70M | 21.43M | 23.80M |
| Revenues Before Loan Losses | 351.78M | 351.78M | 321.47M | 303.16M | 305.00M | 291.20M |
| Provision for Loan Losses | -2.50M | -2.50M | 2.50M | -1.50M | -1.50M | 1.00M |
| Revenue | 354.28M | 354.28M | 318.97M | 304.66M | 306.50M | 290.20M |
| Salaries and Employee Benefits | 120.75M | 120.75M | 99.86M | 98.28M | 102.78M | 98.33M |
| Occupancy Expenses | 32.61M | 32.61M | 29.35M | 28.31M | 27.73M | 26.78M |
| Federal Deposit Insurance | 13.89M | 13.89M | 14.16M | 14.57M | 13.45M | 9.36M |
| Selling, General & Administrative | 18.09M | 18.09M | 28.28M | 29.23M | 35.29M | 32.27M |
| Other Non-Interest Expense | 40.09M | 40.09M | 32.61M | 33.95M | 33.87M | 31.40M |
| Total Non-Interest Expense | 225.43M | 225.43M | 204.26M | 204.35M | 213.13M | 198.15M |
| EBT Excluding Unusual Items | 128.85M | 128.85M | 114.72M | 100.31M | 93.37M | 92.05M |
| Pretax Income | 128.85M | 128.85M | 114.72M | 100.31M | 93.37M | 92.05M |
| Income Tax Expense | 28.14M | 28.14M | 23.76M | 20.73M | 18.12M | 17.49M |
| Net Income | 100.72M | 100.72M | 90.96M | 79.59M | 75.25M | 74.56M |
| Preferred Dividends & Other Adjustments | 1.46M | 1.43M | 1.57M | 1.51M | ||
| Net Income to Common | 100.72M | 100.72M | 89.50M | 78.16M | 73.68M | 73.06M |
| Basic Shares Outstanding | 278.85M | 278.85M | 278.72M | 278.18M | 277.44M | 277.37M |
| Diluted Shares Outstanding | 280.12M | 280.12M | 279.76M | 279.14M | 278.58M | 278.69M |
| EPS (Basic) | 0.36 | 0.36 | 0.32 | 0.28 | 0.27 | 0.26 |
| EPS (Diluted) | 0.35 | 0.35 | 0.32 | 0.28 | 0.26 | 0.26 |
| Dividend Per Share | 1.17 | 1.17 | 1.13 | 1.13 | 1.13 | 1.13 |
| Effective Tax Rate | 21.84% | 21.84% | 20.71% | 20.66% | 19.40% | 19.00% |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 453.11M | 453.11M | 429.44M | 463.72M | 466.75M | 369.56M |
| Investment Securities | 53.95M | 72.78M | 63.46M | 3.62M | ||
| Trading Asset Securities | 272.00K | 395.00K | 11.00K | |||
| Mortgage-Backed Securities | 494.64M | 494.64M | 466.70M | 453.48M | 444.87M | 454.29M |
| Total Investments | 494.64M | 494.64M | 520.93M | 526.65M | 508.33M | 457.91M |
| Gross Loans | 16.49B | 16.49B | 15.74B | 15.40B | 15.24B | 14.33B |
| Allowance for Loan Losses | -75.48M | -75.48M | -74.24M | -70.00M | -77.31M | -72.89M |
| Other Adjustments to Gross Loans | -4.93M | -11.69M | ||||
| Net Loans | 16.42B | 16.42B | 15.66B | 15.32B | 15.17B | 14.26B |
| Property, Plant & Equipment | 46.70M | 46.70M | 57.51M | 51.03M | 72.22M | 64.72M |
| Goodwill | 9.73M | 9.73M | 9.73M | |||
| Loans Held for Sale | 1.06M | 1.06M | 57.66M | 17.77M | 3.26M | 9.66M |
| Accrued Interest Receivable | 66.96M | 66.96M | 62.55M | 59.40M | 53.91M | 40.26M |
| Other Current Assets | 6.91M | 7.84M | ||||
| Long-Term Deferred Tax Assets | 12.04M | 11.72M | 9.17M | |||
| Other Real Estate Owned & Foreclosed | 1.30M | 1.30M | 1.92M | 174.00K | 1.44M | 1.19M |
| Other Long-Term Assets | 444.27M | 444.27M | 398.95M | 392.19M | 389.48M | 368.06M |
| Total Assets | 18.19B | 18.19B | 17.46B | 17.09B | 16.92B | 15.79B |
| Accrued Expenses | 117.36M | 117.36M | 53.25M | 51.66M | 54.03M | 41.01M |
| Interest Bearing Deposits | 10.18B | 10.18B | 8.90B | 8.89B | 8.59B | 8.19B |
| Institutional Deposits | 1.53B | 1.28B | 845.38M | 733.30M | ||
| Total Deposits | 10.18B | 10.18B | 10.43B | 10.17B | 9.44B | 8.92B |
| Short-Term Borrowings | 1.52B | 1.52B | 3.25B | 2.97B | 3.74B | 3.55B |
| Current Portion of Leases | 5.22M | 5.50M | 5.48M | 4.95M | ||
| Accrued Interest Payable | 14.72M | 23.19M | 10.36M | 2.24M | ||
| Long-Term Debt | 31.18M | 31.18M | 30.33M | 28.75M | 29.81M | 1.27B |
| Federal Home Loan Bank Debt, Long-Term | 4.22B | 4.22B | 1.62B | 1.83B | 1.53B | |
| Long-Term Leases | 12.77M | 12.81M | 12.73M | 10.82M | ||
| Long-Term Deferred Tax Liabilities | 13.18M | |||||
| Other Long-Term Liabilities | 120.04M | 120.04M | 143.28M | 141.45M | 151.93M | 144.27M |
| Total Liabilities | 16.19B | 16.19B | 15.56B | 15.23B | 14.99B | 13.95B |
| Common Stock | 3.32M | 3.32M | 3.32M | 3.32M | 3.32M | 3.32M |
| Additional Paid-In Capital | 1.76B | 1.76B | 1.76B | 1.75B | 1.76B | 1.75B |
| Retained Earnings | 985.19M | 985.19M | 946.78M | 915.49M | 886.98M | 870.05M |
| Treasury Stock | -779.33M | -779.33M | -774.34M | -772.20M | -776.10M | -771.99M |
| Comprehensive Income & Other | 32.96M | 32.96M | -39.65M | -38.36M | 58.13M | -8.27M |
| Shareholders' Equity | 2.01B | 2.01B | 1.89B | 1.86B | 1.93B | 1.84B |
| Total Liabilities & Equity | 18.19B | 18.19B | 17.46B | 17.09B | 16.92B | 15.79B |
| Total Debt | 5.77B | 5.77B | 4.92B | 4.84B | 5.32B | 4.84B |
| Net Cash (Debt) | -5.32B | -5.32B | -4.49B | -4.38B | -4.85B | -4.47B |
| Net Cash Per Share | -18.98 | -18.98 | -16.05 | -15.68 | -17.43 | -16.04 |
| Filing Date Shares Outstanding | 278.95M | 278.95M | 278.67M | 278.44M | 277.65M | 277.27M |
| Total Common Shares Outstanding | 278.95M | 278.95M | 278.75M | 278.44M | 277.65M | 277.44M |
| Book Value Per Share | 7.19 | 7.19 | 6.79 | 6.69 | 6.94 | 6.65 |
| Tangible Book Value | 2.01B | 2.01B | 1.88B | 1.85B | 1.92B | 1.84B |
| Tangible Book Value Per Share | 7.19 | 7.19 | 6.76 | 6.65 | 6.91 | 6.65 |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 90.96M | 79.59M | 75.25M | 74.56M | ||
| Depreciation & Amortization | 23.05M | 19.03M | 18.11M | 27.04M | ||
| Gain (Loss) on Sale of Assets | -19.00K | 365.00K | -199.00K | 629.00K | ||
| Provision for Credit Losses | 2.50M | -1.50M | -1.50M | 1.00M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -16.88M | -17.25M | -1.96M | -24.67M | ||
| Accrued Interest Receivable | 1.04M | -4.30M | -39.36M | -13.04M | ||
| Change in Other Net Operating Assets | -23.89M | 3.21M | 27.14M | -9.59M | ||
| Other Operating Activities | 1.35M | 2.70M | 3.73M | -26.88M | ||
| Operating Cash Flow | 82.42M | 88.60M | 90.72M | 38.93M | ||
| Capital Expenditures | -11.45M | -3.06M | -5.10M | -2.70M | ||
| Sale of Property, Plant and Equipment | 389.00K | |||||
| Investment in Securities | 10.00M | 8.19M | -61.10M | -86.45M | ||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -378.78M | -153.64M | -910.41M | -1.74B | ||
| Other Investing Activities | -3.94M | 22.66M | -32.51M | -48.23M | ||
| Investing Cash Flow | -383.98M | -124.71M | -1.01B | -1.88B | ||
| Short-Term Debt Issued | 283.00M | 417.00M | 1.10B | |||
| Long-Term Debt Issued | 226.57M | 725.00M | 350.00M | 600.00M | ||
| Total Debt Issued | 509.57M | 725.00M | 767.00M | 1.70B | ||
| Short-Term Debt Repaid | -777.00M | -225.00M | ||||
| Long-Term Debt Repaid | -427.00M | -428.38M | -77.98M | -15.21M | ||
| Total Debt Repaid | -427.00M | -1.21B | -302.98M | -15.21M | ||
| Net Debt Issued (Repaid) | 82.58M | -480.38M | 464.02M | 1.68B | ||
| Repurchase of Common Stock | -3.98M | -1.93M | -5.98M | -6.29M | ||
| Common Dividends Paid | -59.53M | -58.95M | -58.29M | -58.30M | ||
| Net Increase (Decrease) in Deposit Accounts | 260.62M | 732.33M | 520.03M | -72.51M | ||
| Other Financing Activities | -12.40M | -157.99M | 95.31M | 169.71M | ||
| Financing Cash Flow | 267.28M | 33.08M | 1.02B | 1.72B | ||
| Net Cash Flow | -34.28M | -3.03M | 97.18M | -118.76M | ||
| Free Cash Flow | 70.97M | 85.54M | 85.62M | 36.23M | ||
| Free Cash Flow Margin | 22.25% | 28.08% | 27.93% | 12.48% | ||
| Free Cash Flow Per Share | 0.25 | 0.31 | 0.31 | 0.13 | ||
| Cash Interest Paid | 529.08M | 532.61M | 363.75M | 113.68M | ||
| Cash Income Tax Paid | 16.48M | 15.68M | 21.78M | 39.60M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.58B | 4.52B | 3.67B | 3.58B | 3.28B | 3.61B |
| Last Close Price | 16.43 | 16.20 | 12.21 | 10.94 | 9.22 | 9.30 |
| PE Ratio | 46.94 | 44.87 | 41.03 | 45.79 | 44.52 | 49.35 |
| PS Ratio | 12.94 | 12.75 | 11.51 | 11.75 | 10.70 | 12.42 |
| PB Ratio | 2.28 | 2.25 | 1.94 | 1.92 | 1.70 | 1.96 |
| P/FCF Ratio | 53.12 | 51.75 | 41.84 | 38.31 | 99.52 | |
| P/OCF Ratio | 46.86 | 44.56 | 40.40 | 36.16 | 92.61 | |
| Debt / Equity Ratio | 2.88 | 2.88 | 2.60 | 2.60 | 2.76 | 2.62 |
| Debt / FCF Ratio | 69.31 | 56.58 | 62.15 | 133.57 | ||
| Net Debt / Equity Ratio | 2.65 | 2.65 | 2.37 | 2.35 | 2.52 | 2.42 |
| Net Debt / FCF Ratio | 63.26 | 51.16 | 56.70 | 123.37 | ||
| Return on Equity (ROE) | 5.17% | 5.17% | 4.84% | 4.20% | 3.99% | 4.17% |
| Return on Assets (ROA) | 0.56% | 0.56% | 0.53% | 0.47% | 0.46% | 0.50% |
| Earnings Yield | 2.13% | 2.23% | 2.48% | 2.22% | 2.29% | 2.07% |
| FCF Yield | 1.88% | 1.93% | 2.39% | 2.61% | 1.00% | |
| Dividend Yield | 7.73% | 7.19% | 8.58% | 8.79% | 9.56% | 8.70% |
| Payout Ratio | 362.86% | 65.45% | 74.07% | 77.47% | 78.18% | |
| Buyback Yield / Dilution | -0.13% | -0.13% | -0.22% | -0.20% | 0.04% | -0.04% |
| Total Shareholder Return | 7.60% | 7.06% | 8.36% | 8.59% | 9.60% | 8.66% |