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TFS Financial Corporation - TFSL STOCK NEWS

Welcome to our dedicated page for TFS Financial Corporation news (Ticker: TFSL), a resource for investors and traders seeking the latest updates and insights on TFS Financial Corporation stock.

TFS Financial Corporation (symbol: TFSL) is the holding company for the Third Federal Savings and Loan Association of Cleveland. Established nearly 80 years ago, Third Federal is dedicated to helping individuals achieve homeownership and financial security. The company's core business involves originating and servicing residential real estate mortgage loans and attracting retail savings deposits, offering products with competitive rates and yields.

In addition to its primary operations, TFS Financial Corp operates Third Capital, a wholly owned subsidiary that invests in private equity funds and holds interests in commercial building leases, title agencies, and reinsurance of private mortgage insurance on residential loans. This diversified approach helps the company maintain a strong financial condition and adapt to changing market conditions.

Third Federal's mission is built on the values of love, trust, respect, and a commitment to excellence. These values guide the company's efforts to provide exceptional service to customers, contribute to community development, and generate value for stockholders.

Recent achievements include advancements in technology to enhance customer service and streamline operations. Current projects focus on expanding the range of services offered, improving financial products, and strengthening community engagement initiatives.

Latest News:

  • Details about recent financial performance and quarterly reports.
  • Updates on new product offerings and services.
  • Information on community involvement and corporate social responsibility activities.
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Third Federal partners with CHN Partners, Cleveland Central Catholic High School, and other non-profit organizations to offer free income tax preparation assistance for individuals and families earning less than $60,000. The event aims to help tax filers identify their eligibility for the Earned Income Tax Credit, a significant community economic development tool. Third Federal has supported this program for 10 years, and the EITC is considered the nation’s largest poverty relief program. The Super Refund Saturday EITC event will take place on February 10, 2024, from 9am – 2:30pm at Cleveland Central Catholic High School. Volunteer IRS-certified tax preparers will be available to assist participants in filing their returns electronically. Third Federal Savings and Loan Association, founded in 1938, is a leading provider of savings and mortgage products with assets totaling $16.9 billion as of September 30, 2023.
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TFS Financial Corporation (NASDAQ: TFSL) reported net income of $20.7 million for the quarter ended December 31, 2023, showing an increase compared to the prior quarter. The company remains well-capitalized and paid a $0.2825 dividend. However, there was a decrease in net interest income, and total non-interest expense decreased $1.2 million from the prior quarter. The total allowance for credit losses at December 31, 2023, was $94.6 million, or 0.62% of total loans receivable, a $10.2 million decrease from September 30, 2023. Total assets increased by $135.8 million, or 1%, to $17.05 billion at December 31, 2023, and deposits increased by $471.2 million, or 5%, to $9.92 billion at December 31, 2023.
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TFS Financial Corporation (NASDAQ: TFSL) declares a quarterly cash dividend of $0.2825 per share, payable on December 13, 2023, to stockholders of record on November 29, 2023. The mutual holding company has waived its right to receive the dividend on its shares. Third Federal is a leading provider of savings and mortgage products, operating in 25 states and the District of Columbia with assets totaling $16.92 billion as of September 30, 2023.
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TFS Financial Corporation (NASDAQ: TFSL) announced its financial results for the quarter and fiscal year ended September 30, 2023. The company reported net income of $19.5 million for the quarter, an increase of $1.9 million from the previous quarter. Total deposits increased by $381 million. For the fiscal year, net income was $75.3 million, with a 6% growth in net interest income compared to the previous year.
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TFS Financial Corporation declares quarterly dividend of $0.2825 per share
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TFS Financial Corporation (NASDAQ: TFSL) reported net income of $17.6 million for Q3 2023, an increase of $1.7 million from the previous quarter. The company's loan portfolio grew by over $320 million, and the average credit score of borrowers increased to 774. Total deposits increased by $66 million, and the company paid a dividend of $0.2825 per share.
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FAQ

What is the current stock price of TFS Financial Corporation (TFSL)?

The current stock price of TFS Financial Corporation (TFSL) is $12.74 as of December 20, 2024.

What is the market cap of TFS Financial Corporation (TFSL)?

The market cap of TFS Financial Corporation (TFSL) is approximately 3.5B.

What is TFS Financial Corporation?

TFS Financial Corporation (symbol: TFSL) is the holding company for the Third Federal Savings and Loan Association of Cleveland, focusing on residential real estate mortgage loans and retail savings deposits.

What does Third Federal Savings and Loan Association do?

Third Federal Savings and Loan Association originates and services residential real estate mortgage loans and attracts retail savings deposits by offering competitive rates and yields.

What is Third Capital?

Third Capital is a wholly owned subsidiary of TFS Financial Corp that invests in private equity funds and holds interests in commercial building leases, title agencies, and reinsurance of private mortgage insurance on residential loans.

What are the core values of TFS Financial Corporation?

The core values of TFS Financial Corporation include love, trust, respect, and a commitment to excellence, guiding their mission to help people achieve homeownership and financial security.

How long has TFS Financial Corporation been in operation?

TFS Financial Corporation has been in operation for nearly 80 years.

What recent achievements has TFS Financial Corporation made?

Recent achievements include advancements in technology to improve customer service and streamline operations, as well as expanding the range of services offered.

What type of financial products does Third Federal offer?

Third Federal offers residential real estate mortgage loans and retail savings deposits with competitive rates and yields.

How does TFS Financial Corporation contribute to the community?

TFS Financial Corporation contributes to the community through various engagement initiatives and corporate social responsibility activities.

What are the latest developments at TFS Financial Corporation?

Latest developments include updates on financial performance, new product offerings, and community involvement activities.

What is the mission of TFS Financial Corporation?

The mission of TFS Financial Corporation is to help people achieve the dream of homeownership and financial security while creating value for communities, customers, and stockholders.

TFS Financial Corporation

Nasdaq:TFSL

TFSL Rankings

TFSL Stock Data

3.55B
279.11M
0.52%
90.83%
1%
Banks - Regional
Savings Institution, Federally Chartered
Link
United States of America
CLEVELAND