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.
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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
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.
TFS Financial Corporation (NASDAQ: TFSL) declared a quarterly cash dividend of $0.2825 per share, payable on December 13, 2022. Stockholders of record on November 29, 2022 will receive this payment. The mutual holding company, which owns 81% of the common stock, waived its right to receive this dividend as approved by its members and the Federal Reserve Bank of Cleveland, allowing up to $1.13 per share in total waivers through June 30, 2023. As of September 30, 2022, TFS Financial's total assets amounted to $15.79 billion.
TFS Financial Corporation (NASDAQ: TFSL) reported net income of $74.6 million for the fiscal year ended September 30, 2022, down from $81.0 million in the previous year. Despite challenges, the company achieved over $1.7 billion in loan growth and a 15% increase in net interest income to $267.4 million. The net interest margin improved to 1.88%. Total assets rose 12% to $15.79 billion. The company also declared a $1.13 dividend per share. However, provisions for credit losses increased to $1.0 million from a release of $9.0 million a year prior.
Third Federal Foundation has announced a $500,000 grant to Neighborhood Renaissance to tackle the affordable housing crisis in Palm Beach County, Florida. This three-year funding will establish a Real Estate Acquisition & Predevelopment Fund aimed at developing and preserving affordable homes for low- and moderate-income residents. The median home price is unaffordable for 80% of households in the area, exacerbated by a surge in demand. The initiative aims to create housing solutions in a competitive market.
TFS Financial Corporation (NASDAQ: TFSL) announced a quarterly cash dividend of $0.2825 per share, payable on September 20, 2022, to stockholders of record on September 6, 2022. The mutual holding company, Third Federal Savings and Loan Association of Cleveland, which owns 80.9% of the common stock, waived its right to this dividend. This follows the approval received from its members and the Federal Reserve Bank of Cleveland to waive dividend receipt up to $1.13 per share for four quarters ending June 30, 2023.
TFS Financial Corporation (NASDAQ: TFSL) reported a net income of $17.1 million for the quarter ending June 30, 2022, up from $15.8 million in the previous quarter. Loan growth surged by 67%, totaling $766 million, and net interest income rose 13.6% to $71.3 million. However, net income for the nine months dropped to $49.1 million from $64.0 million year-over-year, primarily due to a decrease in net gain on loan sales. The allowance for credit losses was $97.6 million, and total assets increased 9.6% to $15.41 billion.
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