Welcome to our dedicated page for Tfs Finl news (Ticker: TFSL), a resource for investors and traders seeking the latest updates and insights on Tfs Finl stock.
TFS Financial Corporation (NASDAQ: TFSL), the holding company for Third Federal Savings and Loan Association of Cleveland, regularly issues news updates that reflect its focus on residential mortgage lending, home equity lending and retail deposit gathering. Company press releases cover topics such as quarterly and annual earnings, dividend declarations, capital and funding developments, and operational performance metrics.
Investors following TFSL news will see detailed discussions of net interest income, net interest margin, interest rate spread, provisions for credit losses and changes in the residential mortgage and home equity loan portfolios. The company also reports on deposit trends across savings accounts, checking accounts, money market accounts and certificates of deposit, as well as the use of Federal Home Loan Bank advances and brokered deposits in its funding mix.
News from TFS Financial frequently includes announcements of quarterly cash dividends on its common stock and explanations of the mutual holding company’s decisions to waive receipt of dividends on the majority stake it owns, subject to member approval and Federal Reserve non‑objection. Earnings releases provide insight into loan originations and acquisitions, loan sales and gains on sale, fee and service charge income, and non‑interest expenses such as salaries, marketing services and office-related costs.
In addition to financial results and dividends, TFSL news may highlight leadership changes at Third Federal, updates on stock repurchase activity authorized by the Board, and information about regulatory capital ratios under the Basel III framework. The Association also issues releases on community initiatives, including support for free income tax preparation events for qualifying individuals and families.
By reviewing the TFSL news feed, readers can track how management describes the performance of the mortgage and home equity businesses, deposit growth strategies, capital strength and community involvement. This page aggregates those press releases and related disclosures so that investors, customers and observers can monitor the company’s publicly reported developments over time.
TFS Financial Corporation (TFSL) announced that its mutual holding company (MHC), which owns 80.9% of the company's common stock, will hold a special meeting on July 8, 2025. Members will vote on whether to waive the MHC's right to receive quarterly dividends of up to $1.13 per share for the next 12 months.
This annual vote is required by Federal Reserve regulations. The previous dividend waiver approval was obtained on July 9, 2024. CEO Marc A. Stefanski emphasized that waiving the dividend aligns with the company's mission and is believed to benefit customers, shareholders, and the company. As of March 31, 2025, the company's assets totaled $17.11 billion.
TFS Financial Corporation (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on June 24, 2025, to stockholders of record on June 10, 2025. The company's mutual holding company (MHC), which owns 80.9% of TFSL's common stock (227,119,132 shares), has waived its right to receive the dividend. The MHC received approval from members and the Federal Reserve Bank of Cleveland to waive dividends up to $1.13 per share through July 9, 2025.
Third Federal, founded in Cleveland in 1938, operates in 27 states and D.C., with assets totaling $17.11 billion as of March 31, 2025. The company maintains 21 branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 branches throughout Florida.
TFS Financial reported strong Q2 2025 results with net income of $21.0 million, following $22.4 million in Q1. The company's net interest margin increased by 10 basis points to 1.75%, while commitments for mortgages and equity loans rose 40% over last quarter.
Key highlights include:
- Total assets reached $17.11 billion, up by $54.1 million
- Net interest income increased $3.7 million (5.4%) to $72.0 million
- Deposits grew by $190.4 million to $10.40 billion
- Tier 1 leverage ratio improved to 10.92%
The company maintained strong capital positions and loan quality, with total loan delinquencies at just 0.20% of total loans. Home equity loans increased by $193.7 million to $4.32 billion, while residential core mortgage loans decreased by $175.9 million to $10.99 billion. CEO Marc Stefanski expressed optimism, noting fiscal earnings are the best since 2021.
TFS Financial (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on March 20, 2025, to stockholders of record on March 6, 2025. The company's mutual holding company (MHC), which owns 80.9% of outstanding shares, has waived its right to receive dividends up to $1.13 per share through July 9, 2025, following member approval and Federal Reserve Bank of Cleveland's non-objection.
The MHC previously waived dividends totaling $0.565 per share during the quarters ending September and December 2024. As of December 31, 2024, the company's assets totaled $17.06 billion. Third Federal, which operates in 27 states and D.C., maintains 21 branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 branches throughout Florida.
Third Federal (TFSL) has announced its participation in a free tax preparation initiative for individuals and families earning less than $67,000. The event, scheduled for February 8, 2025, will take place at Cleveland Central Catholic High School. IRS-certified tax preparers will assist participants in identifying their eligibility for the Earned Income Tax Credit (EITC).
The company is partnering with CHN Housing Partners, Cleveland Central Catholic High School, Cuyahoga County, the City of Cleveland, and Enterprise Community Partners for this initiative. Third Federal has supported this program since 2012. The event will feature additional services from various community organizations, including Legal Aid Society of Cleveland and Greater Cleveland Food Bank.
As of September 30, 2024, Third Federal reported total assets of $17.1 billion. The company operates 21 branches in Northeast Ohio and 16 branches in Florida, serving 27 states and the District of Columbia.
TFS Financial (NASDAQ: TFSL) reported net income of $22.4 million for Q1 FY2025, up from $18.2 million in the previous quarter and $20.7 million year-over-year. The improvement was primarily due to a release of provision for credit losses and decreased non-interest expenses.
Net interest income slightly decreased to $68.3 million, with a net interest margin of 1.66%. The company saw significant growth in promotional CDs, with over $350 million increase in December alone. Total assets stood at $17.06 billion, while loans held for investment reached $15.34 billion.
Key metrics include a strong Tier 1 capital ratio of 10.89%, total loan delinquencies at 0.24% of total loans, and an allowance for credit losses at $97.8 million. The company maintained its quarterly dividend of $0.2825 per share.
TFS Financial (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on December 17, 2024, to stockholders of record on December 3, 2024. The company's mutual holding company (MHC), which owns 80.9% of outstanding shares, has waived its right to receive dividends up to $1.13 per share through July 9, 2025, following member approval and Federal Reserve non-objection. As of September 30, 2024, the company's assets totaled $17.09 billion.
TFS Financial (NASDAQ: TFSL) reported net income of $79.6 million for fiscal year 2024, a 6% increase from $75.3 million in 2023. The company saw strong growth in home equity products and retail deposits, with total deposits increasing by $745.3 million to $10.20 billion. Net interest income decreased slightly to $278.5 million from $283.6 million in 2023. Total assets grew 1% to $17.09 billion, while loans held for investment increased to $15.32 billion. The company maintained a strong Tier 1 capital ratio of nearly 11% and reduced its expense-to-asset ratio from 1.30% to 1.20% through cost management efforts.
TFS Financial (NASDAQ: TFSL) has declared a quarterly cash dividend of $0.2825 per share, payable on September 24, 2024, to stockholders of record on September 10, 2024. The company's mutual holding company, which owns 80.9% of outstanding shares, has waived its right to receive the dividend. This waiver, approved by members and the Federal Reserve Bank of Cleveland, allows for dividends up to $1.13 per share through July 9, 2025.
Third Federal Savings and Loan Association, founded in 1938, operates under values of love, trust, and respect. As of June 30, 2024, the company's assets totaled $17.03 billion. Third Federal lends in 27 states and D.C., with 21 branches in Northeast Ohio, two lending offices in Central and Southern Ohio, and 16 branches in Florida.
Third Federal Savings and Loan Association of Cleveland, MHC has received non-objection from the Federal Reserve Bank of Cleveland to waive dividends up to $1.13 per share on its TFS Financial (NASDAQ: TFSL) stock for the 12 months ending July 9, 2025. The MHC, owning 80.9% of TFSL's common stock, gained member approval with 97% of votes in favor. Chairman and CEO Marc A. Stefanski highlighted this as an opportunity to maximize dividends for institutional and individual shareholders while focusing on capital preservation. Third Federal, founded in 1938, operates in 26 states and D.C., with assets totaling $17.03 billion as of June 30, 2024.