A Brief History of TFS Financial Corporation (TFSL)

Foundation and Early Years

TFS Financial Corporation, operating as Third Federal Savings and Loan, was founded in 1938 in Cleveland, Ohio. Initially focused on residential mortgage lending, TFS has expanded its services over the decades.

Public Offering and Stock Performance

In July 2007, TFS Financial Corporation became publicly traded on the NASDAQ under the ticker symbol TFSL. The initial offering price was set at approximately $10 per share. As of September 2023, the stock price fluctuated around $12.25 per share.

Financial Performance

During the fiscal year ending September 30, 2022, TFS Financial reported net income of approximately $72 million, a 10% increase from the previous fiscal year. Return on assets (ROA) was 0.82%, while return on equity (ROE) stood at 8.1%.

Assets and Liabilities

As of the end of September 2022, TFS Financial had total assets worth approximately $8.8 billion. The company maintained a strong capital position with total liabilities amounting to $7.2 billion, leading to a tier 1 capital ratio of 14.5%.

Branch Network Expansion

TFS Financial Corporation operates a network of over 40 branches primarily located in Ohio and Florida. The company has focused on expanding its footprint in high-growth areas, particularly through the acquisition of existing branches and the establishment of new locations.

Community Involvement

In 2022, TFS Financial invested over $1.5 million in community development programs, focusing on affordable housing and financial literacy initiatives. The company is known for its commitment to the communities it serves.

Recent Developments

In early 2023, TFS Financial announced a strategic initiative to enhance digital banking services, which includes an investment of $10 million in technology upgrades. This initiative aims to improve customer experience and streamline operations.

Mergers and Acquisitions

TFS Financial has engaged in several acquisitions, notably the purchase of a local savings bank in 2017, which added $400 million in assets and expanded its base of customer deposits.

Market Position and Industry Comparison

As of 2023, TFS Financial ranked as one of the top ten largest savings institutions in Ohio, with a market share of approximately 4.5%. The company’s focus on residential mortgages has positioned it favorably against regional competitors.

Dividends and Shareholder Returns

Since the public offering, TFS Financial Corporation has consistently paid quarterly dividends. In 2023, the company announced an annual dividend of $0.40 per share, reflecting a commitment to providing value to shareholders.

Future Outlook

Looking forward, TFS Financial aims to expand its lending portfolio while maintaining strong asset quality. The company projects a growth rate of approximately 5% for the upcoming fiscal year, driven by a robust housing market and ongoing demand for home loans.

A Who Owns TFS Financial Corporation (TFSL)

Ownership Structure

TFS Financial Corporation (TFSL) is primarily a publicly traded company. As of the latest available data, the breakdown of ownership is as follows:

Major Institutional Holders

Among the institutional investors, some of the largest holders of TFS Financial Corporation include:

Insider Ownership

Insider ownership provides insight into the company's management confidence in its performance. The following are notable insiders:

Recent Financial Performance

The financial health of TFS Financial Corporation is crucial for understanding its value and ownership dynamics. Key figures for the most recent fiscal year are as follows:

Stock Performance

TFS Financial Corporation's stock performance is a key driver of its market capitalization, impacting investor sentiment. The following figures depict the stock's recent performance:

Investor Sentiment and Trends

Investor sentiment regarding TFS Financial Corporation has been marked by the following recent trends:

• Increase in institutional ownership over the past year by 3.5%.
• Enhanced interest from retail investors correlating with strong quarterly earnings growth.
• Reduction in short interest, indicating growing confidence among investors.

Conclusion on Ownership Dynamics

The ownership landscape of TFS Financial Corporation is shaped by a significant portion of institutional investors, a notable insider commitment, and a gradually increasing presence of retail investors. The financial metrics reflect a stable growth trajectory, reinforcing investor confidence.

TFS Financial Corporation (TFSL) Mission Statement

TFS Financial Corporation, operating as Third Federal Savings and Loan Association, is dedicated to being a trusted partner for its customers. The mission statement emphasizes providing a wide range of financial products and services while maintaining a focus on customer satisfaction, community involvement, and sustainable growth.

Core Principles

• Customer Commitment: TFS Financial focuses on meeting the needs of its customers through tailored financial solutions.
• Community Engagement: Actively participates in community development initiatives.
• Financial Strength: Aims to maintain a strong financial position to support long-term goals.

Financial Overview

As of the latest financial reports, TFS Financial Corporation exhibits significant financial stability and growth potential. The financial metrics include:

Customer Services

TFS Financial Corporation offers various products tailored to different customer needs, including:

• Home Loans
• Personal Loans
• Checking and Savings Accounts
• Commercial Lending

Community Involvement

The corporation is committed to community support, with initiatives including:

• Financial literacy programs
• Homeownership workshops
• Support for local charities

Strategic Goals

The strategic goals of TFS Financial Corporation outline its direction for the future:

• Expand lending operations: Increase mortgage and personal loan offerings.
• Enhance digital services: Invest in technology for better customer experience.
• Sustainable growth: Foster long-term relationships with clients and stakeholders.

Recent Achievements

In the past year, TFS Financial has made notable achievements, such as:

• Opening three new branches
• Launching an enhanced mobile banking app
• Receiving recognition for community service excellence

The mission statement of TFS Financial Corporation reflects its focus on being a reliable institution dedicated to customer care, community vitality, and financial discipline.

How TFS Financial Corporation (TFSL) Works

Business Model

TFS Financial Corporation operates primarily as a bank holding company. Its main subsidiary is Third Federal Savings and Loan Association of Cleveland, established in 1938. The company focuses on providing a variety of financial services including residential mortgage lending and retail banking.

Market Position

As of Q3 2023, TFS Financial has approximately $10.5 billion in assets. The company is recognized for its strong emphasis on home loans, which contribute significantly to its revenue stream.

Financial Performance

In the fiscal year ending September 2023, TFS Financial reported a net income of $66.2 million, representing an increase from $61.4 million in the previous year. The company’s return on equity (ROE) for this period stood at 12.5%.

Key Financial Ratios

Funding Sources

TFS Financial primarily funds its operations through customer deposits, which account for about 85% of its total funding. The breakdown of its funding sources includes:

• Customer Deposits: 85%
• Borrowings: 10%
• Other Financing: 5%

Loan Portfolio Composition

The company maintains a diverse loan portfolio, primarily focusing on residential mortgage loans. As of Q3 2023, the composition is as follows:

Risk Management

TFS Financial adopts a conservative risk management approach, maintaining a well-capitalized status as indicated by its Tier 1 capital ratio of 17.5% as of Q3 2023, which is significantly above the regulatory minimum requirement.

Technological Advancements

The company has invested in digital banking solutions, enhancing customer experience. As of late 2023, approximately 40% of transactions are conducted through digital platforms.

Community Engagement

TFS Financial is committed to community development, with over $1 million allocated towards community initiatives and local partnerships in 2023.

How TFS Financial Corporation (TFSL) Makes Money

Interest Income

TFS Financial Corporation generates a significant portion of its revenue through interest income. As of Q3 2023, the total interest income was approximately $187 million.

Loan Portfolio

The company's loan portfolio consists mainly of residential mortgages. The total loans held by TFS Financial Corporation amounted to approximately $3.2 billion as of Q3 2023.

Non-Interest Income

TFS Financial Corporation also earns non-interest income, including fees from various banking services. For the fiscal year 2023, non-interest income was reported at around $17 million.

Net Interest Margin

The net interest margin, a critical indicator of a bank's profitability, was approximately 2.85% for Q3 2023.

Deposit Accounts

The bank relies on deposits to fund its lending activities. As of Q3 2023, TFS Financial Corporation reported total deposits of approximately $3.5 billion.

Cost of Funds

The cost of funds can significantly impact profitability. As of Q3 2023, TFS Financial Corporation's cost of funds was approximately 0.80%.

Operating Expenses

The operating expenses for TFS Financial Corporation were about $85 million for the fiscal year 2023.

Efficiency Ratio

The efficiency ratio, which measures the company's ability to control costs, stood at approximately 47% for Q3 2023.

Investment Income

In addition to interest income and fees, TFS Financial Corporation also generates revenue from investments. For the fiscal year 2023, the investment income was approximately $5 million.

Outlook and Growth Strategies

TFS Financial Corporation intends to grow its loan portfolio by expanding into new markets and enhancing its digital banking services. The projected growth for the next fiscal year is approximately 10%.