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Tfs Financial Corporation  (TFSL)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $12.9400 $0.10 0.779%
Day's High: $13.04 Week Perf: -0.38 %
Day's Low: $ 12.80 30 Day Perf: -2.34 %
Volume (M): 368 52 Wk High: $ 15.25
Volume (M$): $ 4,758 52 Wk Avg: $12.94
Open: $12.84 52 Wk Low: $10.97



 Market Capitalization (Millions $) 3,610
 Shares Outstanding (Millions) 279
 Employees 896
 Revenues (TTM) (Millions $) 302
 Net Income (TTM) (Millions $) 74
 Cash Flow (TTM) (Millions $) 182
 Capital Exp. (TTM) (Millions $) 6

Tfs Financial Corporation

TFS Financial Corporation was organized in 1997 as the mid-tier stock holding company for the Association. We completed our initial public stock offering on April 20, 2007 and issued 100,199,618 shares of common stock, or 30.16% of our post-offering outstanding common stock, to subscribers in the offering. Additionally, at the time of the public offering, 5,000,000 shares of our common stock, or 1.50% of our outstanding shares, were issued to the newly formed charitable foundation, Third Federal Foundation. Third Federal Savings, MHC, our mutual holding company parent, holds the remainder of our outstanding common stock (227,119,132 shares). Net proceeds from our initial public stock offering were approximately $886 million and reflected the costs we incurred in completing the offering as well as a $106.5 million loan to the ESOP related to its acquisition of shares in the initial public stock offering. As the holding company of the Association, we are authorized to pursue other business activities permitted by applicable laws and regulations for savings and loan holding companies, which include making equity investments and the acquisition of banking and financial services companies.


Our cash flow depends primarily on earnings from the investment of the portion of the net offering proceeds we retained, and any dividends we receive from the Association and Third Capital, Inc. All of our officers are also officers of the Association. In addition, we use the services of the support staff of the Association from time to time. We may hire additional employees, as needed, to the extent we expand our business in the future.

Third Capital, Inc. is a Delaware corporation that was organized in 1998 as our wholly-owned subsidiary. At September 30, 2015, Third Capital, Inc. had consolidated assets of $79.6 million, and for the fiscal year ended September 30, 2015, Third Capital, Inc. had consolidated net income of $0.3 million. Third Capital, Inc. has no separate operations other than as the holding company for its operating subsidiaries, and as a minority investor or partner in other entities including minority investments in private equity funds. The following is a description of the entities, other than the private equity funds, in which Third Capital, Inc. is the owner, an investor or a partner.

The Association’s principal lending activity is the origination of fixed-rate and adjustable-rate, first mortgage loans to purchase or refinance residential real estate. The Association also originates residential construction loans to individuals (for the construction of their personal residences by a qualified builder) and originates home equity loans and lines of credit in Ohio and Florida. We offer home equity lines of credit in 20 additional states and home equity loans in six additional states.

The Association’s Board of Directors is responsible for establishing and overseeing the Association’s investment policy. The investment policy is reviewed at least annually by management and any changes to the policy are recommended to the Board of Directors, or a committee thereof, and are subject to its approval. This policy dictates that investment decisions be made based on the safety of the investment, liquidity requirements, potential returns, the ability to provide collateral for pledging requirements, and consistency with our interest rate risk management strategy. The Association’s Investment Committee, which consists of its chief operating officer, chief financial officer and other members of management, oversees its investing activities and strategies. The portfolio manager is responsible for making securities portfolio decisions in accordance with established policies. The portfolio manager has the authority to purchase and sell securities within specific guidelines established in the investment policy, but historically the portfolio manager has executed purchases only after extensive discussions with other Investment Committee members. All transactions are formally reviewed by the Investment Committee at least quarterly. Any investment which, subsequent to its purchase, fails to meet the guidelines of the policy is reported to the Investment Committee, which decides whether to hold or sell the investment.
The Association’s current investment policy requires that it invest primarily in debt securities issued by the U.S. Government, agencies of the U.S. Government, and government-sponsored entities, which include Fannie Mae and Freddie Mac. The policy also permits investments in mortgage-backed securities, including pass-through securities issued and guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae as well as collateralized mortgage obligations and real estate mortgage investment conduits issued or backed by securities issued by these governmental agencies and government-sponsored entities. The investment policy also permits investments in asset-backed securities, banker’s acceptances, money market funds, term federal funds, repurchase agreements and reverse repurchase agreements.

The Association’s Board of Directors is responsible for establishing and overseeing the Association’s investment policy. The investment policy is reviewed at least annually by management and any changes to the policy are recommended to the Board of Directors, or a committee thereof, and are subject to its approval. This policy dictates that investment decisions be made based on the safety of the investment, liquidity requirements, potential returns, the ability to provide collateral for pledging requirements, and consistency with our interest rate risk management strategy. The Association’s Investment Committee, which consists of its chief operating officer, chief financial officer and other members of management, oversees its investing activities and strategies. The portfolio manager is responsible for making securities portfolio decisions in accordance with established policies. The portfolio manager has the authority to purchase and sell securities within specific guidelines established in the investment policy, but historically the portfolio manager has executed purchases only after extensive discussions with other Investment Committee members. All transactions are formally reviewed by the Investment Committee at least quarterly. Any investment which, subsequent to its purchase, fails to meet the guidelines of the policy is reported to the Investment Committee, which decides whether to hold or sell the investment.

Lending activities are conducted primarily by the Association’s loan personnel (all of whom are salaried employees) operating at our main and branch office locations and at our loan production offices. All loans that the Association originates are underwritten pursuant to its policies and procedures, which, for real estate loans, are generally consistent with Fannie Mae underwriting guidelines, subject to the discussion below. The Association originates both adjustable-rate and fixed-rate loans and advertises extensively throughout its market area. Its ability to originate fixed- or adjustable-rate loans is dependent upon the relative consumer demand for such loans, which is affected by current market interest rates as well as anticipated future market interest rates. The Association’s loan origination and sales activity may be adversely affected by a rising interest rate environment or economic recession, which typically results in decreased loan demand. The Association’s residential real estate mortgage loan originations are generated by its in-house loan representatives, by direct mail solicitations, by referrals from existing or past customers, by referrals from local builders and real estate brokers, from calls to its telephone call center and from the internet.



   Company Address: 7007 Broadway Avenue Cleveland, 44105 OH
   Company Phone Number: 441-6000   Stock Exchange / Ticker: NASDAQ TFSL
    Next quarterly dividend pay out on March 21, 2024.


Customers Net Income fell by TFSL's Customers Net Profit Margin fell to

-4.35 %

11.18 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.02%    
BRKL   -2.05%    
CFFN   -2.96%    
FSFG   -0.18%    
HFBL   -4.08%    
KFFB   -1.06%    
• View Complete Report
   



Dividend

TFS Financial Corporation Announces Quarterly Dividend as Share Prices Show Resilience

Published Thu, Feb 22 2024 9:15 PM UTC


In a recent press release, TFS Financial Corporation (NASDAQ: TFSL) revealed that its Board of Directors has declared a quarterly cash dividend of $0.2825 per share, scheduled to be paid on March 21, 2024, to stockholders as of March 7, 2024. This announcement comes amidst fluctuating stock prices for the company, with shares dropping by -5.37% over the past 30 days and...

Tfs Financial Corporation

TFS Financial Corporation's Revenue Moderately Declined in the First Quarter of 2024 Earnings Season

TFS Financial Corporation, the holding company for Third Federal Savings and Loan Association of Cleveland, recently announced its financial results for the quarter ended December 31, 2023. Chairman and CEO Marc A. Stefanski emphasized that the company is well-prepared to navigate the ongoing volatility in the interest rate environment. Stefanski highlighted the proactive measures taken to control expenses, which have resulted in a significant reduction in expenses.
In addition to showcasing its financial stability, TFS Financial Corporation also declared a quarterly cash dividend of $0.2825 per share, demonstrating its commitment to rewarding shareholders. This dividend is payable on December 13, 2023, to stockholders of record on November 29, 2023.

Tfs Financial Corporation

Tfs Financial Corporation Witnesses a Disheartening Decline of -6.168% in Revenue for the Fiscal Three Months Ending September 30, 2023

Tfs Financial Corporation, the holding company for Third Federal Savings and Loan Association of Cleveland, recently released its financial results for the fourth quarter of 2023. The company experienced a weak quarter, with a decrease in both income and revenue compared to the previous year.
In the fourth quarter of 2023, Tfs Financial Corporation saw a decline in income of -23.24%, resulting in earnings of $0.07 per share. The revenue also decreased by -6.168% to $74.96 million compared to the same period in the previous year. However, when comparing the earnings per share (EPS) and revenue to the fourth quarter of 2022, there was a positive advancement. The EPS grew by 16.84% from $0.06 to $0.07 per share, and the revenue increased by 0.457% from $74.62 million to $74.96 million.

Dividend

TFS Financial Corporation Faces Stock Volatility Amidst Declared Quarterly Dividend

Published Wed, Nov 15 2023 9:15 PM UTC


Cleveland-based TFS Financial Corporation (NASDAQ: TFSL) announced today that its Board of Directors has declared a quarterly cash dividend of $0.2825 per share. The dividend is payable on December 13, 2023, to stockholders of record on November 29, 2023. This move reflects the company's commitment to rewarding its shareholders.
TFS Financial Corporation is the hold...

Dividend

Cleveland TFS Financial Corporation Reports Modest Loan Growth Despite Challenging Interest Rate Environment

Published Thu, Oct 26 2023 8:17 PM UTC


Cleveland TFS Financial Corporation (NASDAQ: TFSL) has released its financial results for the quarter and fiscal year ended September 30, 2023, showcasing their ability to navigate through a challenging interest rate landscape. Despite the recent increases in interest rates, the Company remains confident in its position to handle the uncertainties within the industry.






 

Tfs Financial's Segments
 
 
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