Tfs Finl Corp Stock Price, News & Analysis

TFS Financial Corporation (NASDAQ: TFSL) announced a quarterly cash dividend of $0.2825 per share, payable on March 21, 2023, to stockholders of record by March 7, 2023. Notably, the mutual holding company, Third Federal Savings and Loan Association of Cleveland, has waived its right to receive the dividend for its 227,119,132 shares, accounting for 81.0% of the Company's common stock. This waiver follows member approval and non-objection from the Federal Reserve Bank of Cleveland to forgo dividends up to $1.13 per share until July 12, 2023. As of December 31, 2022, TFS Financial's assets totaled $16.13 billion.

Third Federal Savings & Loan is partnering with several organizations to provide free income tax preparation on February 11, 2023, at Cleveland Central Catholic High School. The event, which runs from 9am to 2pm, targets individuals and families earning less than $60,000. IRS-certified tax preparers will assist in identifying eligibility for the Earned Income Tax Credit (EITC), a major poverty relief program. This initiative aims to alleviate the stress and costs of tax filing for qualified participants.

Appointment information is available at refundohio.org or by calling 2-1-1.

TFS Financial Corporation (NASDAQ: TFSL) reported strong quarterly results for the period ending December 31, 2022. Net income was $22.2 million, a $6.1 million increase year-over-year, driven by a 30% increase in net interest income to $75.2 million. The Company experienced $219 million in loan growth and maintained a solid Tier 1 leverage ratio of 11.38%, well above regulatory requirements. However, net income decreased by $3.2 million compared to the previous quarter, impacted by rising marketing costs. Total assets grew to $16.13 billion, while total deposits increased by $93.3 million to $9.01 billion.