TFS Financial (TFSL) Financials

$13.24 -0.13 (-0.97%)

Closing price 04:00 PM Eastern

Extended Trading

$13.24 -0.01 (-0.04%)

As of 04:10 PM Eastern

Annual Income Statements for TFS Financial

This table shows TFS Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Income / (Loss) Attributable to Common Shareholders	73	81	89	85	67	83	81	75	75	80
Consolidated Net Income / (Loss)	73	81	89	85	80	83	81	75	75	80
Net Income / (Loss) Continuing Operations	73	81	89	85	67	83	81	75	75	80
Total Pre-Tax Income	109	122	133	121	102	100	100	92	93	100
Total Revenue	294	295	299	302	273	296	287	291	305	303
Net Interest Income / (Expense)	270	270	279	281	265	242	232	267	284	278
Total Interest Income	383	388	409	443	482	455	389	409	612	734
Loans and Leases Interest Income	369	376	394	423	459	441	382	396	566	664
Investment Securities Interest Income	9.57	9.39	9.04	11	-	9.71	3.82	5.50	14	18
Other Interest Income	4.60	3.43	5.51	8.96	10	4.89	3.64	8.14	32	52
Total Interest Expense	113	118	130	162	217	213	158	142	328	456
Deposits Interest Expense	94	90	87	102	143	140	97	77	174	293
Long-Term Debt Interest Expense	20	28	43	60	73	73	60	65	154	163
Total Non-Interest Income	24	25	20	22	20	53	55	24	21	25
Other Service Charges	12	11	4.32	12	4.58	18	12	13	12	12
Net Realized & Unrealized Capital Gains on Investments	4.52	6.16	2.18	3.38	1.87	28	33	1.14	0.50	2.75
Other Non-Interest Income	7.32	7.41	13	6.16	14	7.15	9.96	9.98	9.36	10.00
Provision for Credit Losses	-3.00	-8.00	-17	-11	-10	3.00	-9.00	1.00	-1.50	-1.50
Total Non-Interest Expense	188	181	182	192	194	192	196	198	213	204
Salaries and Employee Benefits	96	96	95	101	104	104	109	109	113	108
Net Occupancy & Equipment Expense	22	24	25	27	26	25	26	27	28	28
Marketing Expense	20	17	20	19	19	17	19	21	25	20
Property & Liability Insurance Claims	11	10	10	11	10	11	9.09	9.36	13	15
Other Operating Expenses	39	34	33	34	33	36	33	31	34	34
Income Tax Expense	37	42	44	36	22	17	19	17	18	21
Basic Earnings per Share	$0.25	$0.28	$0.32	$0.31	$0.29	$0.30	$0.29	$0.26	$0.27	$0.28
Weighted Average Basic Shares Outstanding	289.94M	281.57M	277.21M	275.59M	275.40M	275.86M	276.69M	277.37M	277.44M	278.18M
Diluted Earnings per Share	$0.25	$0.28	$0.32	$0.30	$0.28	$0.29	$0.29	$0.26	$0.26	$0.28
Weighted Average Diluted Shares Outstanding	292.21M	283.79M	279.27M	277.30M	277.37M	277.80M	278.58M	278.69M	278.58M	279.14M
Weighted Average Basic & Diluted Shares Outstanding	290.40M	287.70M	277.70M	275.50M	280.03M	560.49M	561.53M	560.82M	280.36M	280.71M
Cash Dividends to Common per Share	$0.31	$0.43	$0.55	$0.76	$1.02	$1.11	$1.12	$1.13	$1.13	$1.13

This table shows TFS Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	25	22	16	18	20	21	21	20	18	22	21
Consolidated Net Income / (Loss)	25	22	16	18	20	21	21	20	18	22	21
Net Income / (Loss) Continuing Operations	25	22	16	18	20	21	21	20	18	22	21
Total Pre-Tax Income	31	28	20	22	23	26	26	25	23	28	27
Total Revenue	80	80	75	75	75	75	77	76	75	75	79
Net Interest Income / (Expense)	76	75	69	69	70	69	71	69	69	68	72
Total Interest Income	121	139	148	157	169	177	183	185	189	187	186
Loans and Leases Interest Income	115	130	137	144	155	162	163	166	172	172	172
Investment Securities Interest Income	1.90	3.06	3.46	3.71	4.14	4.40	4.48	4.66	4.69	4.46	4.76
Other Interest Income	4.24	6.24	7.26	8.60	9.84	11	16	14	11	10	9.69
Total Interest Expense	46	64	78	88	98	108	112	116	120	118	114
Deposits Interest Expense	24	30	40	49	56	64	73	76	80	78	75
Long-Term Debt Interest Expense	22	34	38	39	43	44	39	40	40	40	39
Total Non-Interest Income	4.38	5.16	5.33	5.84	5.10	6.32	5.72	6.25	6.42	6.50	7.07
Other Service Charges	2.73	2.90	2.63	3.03	3.02	2.64	3.09	3.27	2.96	2.71	3.20
Net Realized & Unrealized Capital Gains on Investments	-1.11	0.02	0.58	0.02	-0.12	0.48	0.44	0.72	1.10	1.12	1.19
Other Non-Interest Income	2.76	2.24	2.12	2.79	2.20	3.19	2.19	2.25	2.36	2.68	2.68
Provision for Credit Losses	-	-1.00	-1.00	0.00	0.50	-1.00	-1.00	-0.50	1.00	-1.50	1.50
Total Non-Interest Expense	49	53	56	53	51	50	52	51	51	48	51
Salaries and Employee Benefits	27	28	30	25	29	27	28	27	26	27	28
Net Occupancy & Equipment Expense	6.56	6.80	6.80	7.25	6.89	6.85	7.30	7.01	7.16	6.84	7.62
Marketing Expense	4.26	7.71	6.67	7.02	3.88	4.43	5.10	4.87	5.33	3.65	4.63
Property & Liability Insurance Claims	2.72	2.76	3.49	3.57	3.63	3.78	4.01	3.26	3.52	3.59	3.67
Other Operating Expenses	8.00	7.52	8.22	9.70	8.43	8.11	8.28	8.81	8.75	7.25	7.50
Income Tax Expense	5.72	5.93	4.12	4.14	3.93	5.42	5.19	5.28	4.84	5.96	5.51
Basic Earnings per Share	$0.08	$0.08	$0.06	$0.06	$0.07	$0.07	$0.07	$0.07	$0.07	$0.08	$0.07
Weighted Average Basic Shares Outstanding	277.37M	277.32M	277.36M	277.47M	277.44M	277.84M	278.18M	278.29M	278.18M	278.54M	278.73M
Diluted Earnings per Share	$0.08	$0.08	$0.06	$0.06	$0.06	$0.07	$0.07	$0.07	$0.07	$0.08	$0.07
Weighted Average Diluted Shares Outstanding	278.69M	278.46M	278.50M	278.59M	278.58M	279.00M	279.05M	279.22M	279.14M	279.58M	279.72M
Weighted Average Basic & Diluted Shares Outstanding	560.82M	280.33M	280.33M	280.33M	280.36M	280.71M	280.71M	280.71M	280.71M	280.80M	280.84M
Cash Dividends to Common per Share	-	$0.28	$0.28	$0.28	-	$0.28	$0.28	$0.28	-	$0.28	$0.28

This table details how cash moves in and out of TFS Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Net Change in Cash & Equivalents	-26	76	37	1.56	5.37	223	-9.71	-119	97	-3.03
Net Cash From Operating Activities	102	85	101	92	103	122	83	39	91	89
Net Cash From Continuing Operating Activities	102	85	101	92	103	122	83	39	91	89
Net Income / (Loss) Continuing Operations	73	81	89	85	80	83	81	75	75	80
Consolidated Net Income / (Loss)	73	81	89	85	80	83	81	75	75	80
Provision For Loan Losses	-3.00	-8.00	-17	-11	-10	3.00	-9.00	1.00	-1.50	-1.50
Depreciation Expense	17	19	21	25	23	33	33	27	18	19
Non-Cash Adjustments to Reconcile Net Income	-12	-6.08	-18	-23	-25	-67	-108	-49	1.72	-17
Changes in Operating Assets and Liabilities, net	27	-0.93	26	16	35	69	87	-14	-2.87	8.86
Net Cash From Investing Activities	-600	-454	-755	-475	-342	148	547	-1,875	-1,009	-125
Net Cash From Continuing Investing Activities	-600	-454	-755	-475	-342	148	547	-1,875	-1,009	-125
Purchase of Property, Leasehold Improvements and Equipment	-5.52	-9.13	-4.15	-8.37	-3.78	-3.21	-1.34	-2.70	-5.10	-3.06
Purchase of Investment Securities	-2,960	-3,120	-3,627	-3,494	-3,037	-206	-393	-5,572	-3,726	-3,156
Sale of Property, Leasehold Improvements and Equipment	-	-	-	0.00	0.00	24	0.00	0.39	0.00	0.00
Sale and/or Maturity of Investments	2,366	2,675	2,876	519	2,856	4,589	5,817	3,699	2,723	3,034
Net Cash From Financing Activities	472	445	691	384	244	-46	-640	1,717	1,015	33
Net Cash From Continuing Financing Activities	472	445	691	384	244	-46	-640	1,717	1,015	33
Net Change in Deposits	-368	46	-180	340	275	459	-232	-84	520	731
Issuance of Debt	1,045	737	1,161	332	603	-31	-425	600	767	-52
Repayment of Debt	-20	-186	-222	-286	-421	-337	-9.11	871	-78	-427
Repurchase of Common Equity	-173	-128	-54	-20	-9.09	-2.32	-5.59	-6.29	-5.98	-1.93
Payment of Dividends	-19	-23	-28	-38	-50	-55	-57	-58	-58	-59
Other Financing Activities, Net	7.50	1.52	13	56	-154	-80	88	395	-130	-158
Cash Interest Paid	93	90	124	162	225	213	115	114	364	533
Cash Income Taxes Paid	23	32	38	33	9.69	1.67	26	40	22	16

This table details how cash moves in and out of TFS Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-18	74	-22	15	31	85	43	-34	-97	2.21	-2.35
Net Cash From Operating Activities	-12	79	-36	34	14	36	14	97	-59	46	21
Net Cash From Continuing Operating Activities	-12	79	-36	34	14	36	14	97	-59	46	21
Net Income / (Loss) Continuing Operations	25	22	16	18	20	21	21	20	18	22	21
Consolidated Net Income / (Loss)	25	22	16	18	20	21	21	20	18	22	21
Provision For Loan Losses	-	-1.00	-1.00	-	0.50	-1.00	-1.00	-0.50	1.00	-1.50	1.50
Depreciation Expense	6.23	4.21	4.53	4.65	4.73	4.58	4.52	4.98	4.96	5.31	5.55
Non-Cash Adjustments to Reconcile Net Income	-56	-2.95	0.07	3.82	0.78	1.11	-7.85	-16	5.39	11	-2.86
Changes in Operating Assets and Liabilities, net	12	56	-55	7.70	-12	11	-2.17	88	-88	8.40	-3.99
Net Cash From Investing Activities	-395	-249	-98	-377	-285	-42	72	-43	-112	-2.73	-44
Net Cash From Continuing Investing Activities	-395	-249	-98	-377	-285	-42	72	-43	-112	-2.73	-44
Purchase of Property, Leasehold Improvements and Equipment	-1.20	-1.96	-0.50	-1.59	-1.05	-0.70	-0.81	-0.83	-0.72	-0.64	-6.95
Purchase of Investment Securities	-5,349	-50	-34	-75	-3,567	-115	-16	-24	-3,000	-86	-44
Sale and/or Maturity of Investments	830	661	630	662	769	844	670	744	776	883	828
Other Investing Activities, net	-	-858	-694	-963	-	-770	-581	-762	-	-799	-821
Net Cash From Financing Activities	389	244	111	358	301	91	-44	-88	74	-41	20
Net Cash From Continuing Financing Activities	389	244	111	358	301	91	-44	-88	74	-41	20
Net Change in Deposits	-226	91	-15	56	388	463	8.27	80	180	25	180
Issuance of Debt	-555	265	360	243	-101	-142	75	-100	115	41	33
Repayment of Debt	874	-1.14	-0.60	-0.49	-76	-101	-151	-25	-151	-176	-100
Payment of Dividends	-14	-15	-15	-15	-15	-15	-15	-15	-15	-15	-15
Other Financing Activities, Net	311	-91	-218	74	105	-113	38	-28	-55	85	-78
Cash Interest Paid	43	64	80	102	118	123	132	137	141	137	128
Cash Income Taxes Paid	14	0.43	12	5.13	4.33	0.22	10	3.09	1.96	0.11	7.03

This table presents TFS Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Total Assets	12,369	12,906	13,693	14,137	14,542	14,642	14,057	15,790	16,918	17,091
Cash and Due from Banks	22	28	35	29	32	25	27	19	29	26
Interest Bearing Deposits at Other Banks	133	203	233	241	243	473	461	351	438	437
Trading Account Securities	585	518	537	533	552	37	431	458	508	544
Loans and Leases, Net of Allowance	11,188	11,709	12,419	-3.85	13,196	13,103	12,509	14,257	15,166	15,322
Loans and Leases	11,259	11,771	12,468	39	13,235	13,150	12,573	14,330	15,243	15,392
Allowance for Loan and Lease Losses	72	62	49	42	39	47	64	73	77	70
Premises and Equipment, Net	57	61	61	63	62	42	37	35	35	33
Other Assets	384	382	406	13,275	458	963	592	661	739	728
Total Liabilities & Shareholders' Equity	12,369	12,906	13,693	14,137	14,542	14,642	14,057	15,790	16,918	17,091
Total Liabilities	10,640	11,246	12,003	12,379	12,846	12,970	12,325	13,946	14,991	15,228
Interest Bearing Deposits	8,372	8,424	8,252	8,595	8,870	9,337	9,103	9,038	9,574	10,309
Long-Term Debt	2,218	2,768	3,707	3,753	3,936	3,568	41	4,823	5,303	4,822
Other Long-Term Liabilities	-	-	-	-	40	-	89	84	113	98
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,729	1,660	1,690	1,758	1,697	1,672	1,732	1,844	1,927	1,863
Total Preferred & Common Equity	1,729	1,660	1,690	1,758	1,697	1,672	1,732	1,844	1,927	1,863
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,729	1,660	1,690	1,758	1,697	1,672	1,732	1,844	1,927	1,863
Common Stock	1,711	1,720	1,726	1,730	1,737	1,746	1,750	1,755	1,758	1,758
Retained Earnings	642	699	760	808	838	866	854	870	887	915
Treasury Stock	-549	-682	-736	-754	-765	-768	-768	-772	-776	-772
Accumulated Other Comprehensive Income / (Loss)	-13	-20	-7.49	23	-69	-132	-68	23	85	-16
Other Equity Adjustments	-62	-57	-53	-49	-44	-40	-36	-31	-27	-23

This table presents TFS Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025
Period end date	6/30/2022	12/31/2022	3/31/2023	6/30/2023	12/31/2023	3/31/2024	6/30/2024	12/31/2024	3/31/2025
Total Assets	15,405	16,129	16,262	16,595	17,054	17,017	17,035	17,058	17,112
Cash and Due from Banks	30	32	28	23	46	27	29	33	36
Interest Bearing Deposits at Other Banks	358	412	393	413	506	567	531	433	427
Trading Account Securities	450	473	483	513	525	520	523	509	540
Loans and Leases, Net of Allowance	13,896	14,473	14,563	14,884	15,207	15,150	15,190	15,343	15,360
Loans and Leases	13,965	14,548	14,637	14,958	15,276	15,218	15,257	15,413	15,431
Allowance for Loan and Lease Losses	69	74	74	75	69	68	68	71	71
Premises and Equipment, Net	35	35	35	35	34	34	34	33	39
Other Assets	636	691	756	726	734	709	698	708	710
Total Liabilities & Shareholders' Equity	15,405	16,129	16,262	16,595	17,054	17,017	17,035	17,058	17,112
Total Liabilities	13,592	14,279	14,427	14,709	15,187	15,110	15,120	15,143	15,215
Interest Bearing Deposits	9,226	9,123	9,106	9,143	10,030	10,035	10,093	10,347	10,498
Long-Term Debt	4,265	5,016	5,232	5,469	5,060	4,981	4,846	4,696	4,615
Other Long-Term Liabilities	102	140	89	97	97	93	181	100	103
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,813	1,850	1,834	1,886	1,867	1,907	1,915	1,914	1,897
Total Preferred & Common Equity	1,813	1,850	1,834	1,886	1,867	1,907	1,915	1,914	1,897
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,813	1,850	1,834	1,886	1,867	1,907	1,915	1,914	1,897
Common Stock	1,753	1,754	1,756	1,757	1,754	1,755	1,756	1,758	1,758
Retained Earnings	859	878	879	882	901	907	912	923	929
Treasury Stock	-772	-775	-776	-776	-772	-772	-772	-772	-771
Accumulated Other Comprehensive Income / (Loss)	4.95	23	4.70	51	10	42	43	27	0.79
Other Equity Adjustments	-33	-30	-29	-28	-26	-25	-24	-22	-21

This table displays calculated financial ratios and metrics derived from TFS Financial's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	9/30/2015	9/30/2016	9/30/2017	9/30/2018	9/30/2019	9/30/2020	9/30/2021	9/30/2022	9/30/2023	9/30/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.36%	0.33%	1.14%	1.25%	-9.82%	8.33%	-2.91%	1.49%	4.74%	-0.60%
EBITDA Growth	13.11%	11.73%	8.82%	-5.11%	-23.43%	18.74%	-0.30%	-10.23%	-6.39%	7.06%
EBIT Growth	10.66%	11.85%	8.97%	-9.13%	-26.45%	12.49%	-0.15%	-8.03%	1.43%	7.44%
NOPAT Growth	10.17%	10.97%	10.33%	-3.90%	-6.05%	3.84%	-2.77%	-7.95%	0.92%	5.76%
Net Income Growth	10.17%	10.97%	10.33%	-3.90%	-6.05%	3.84%	-2.77%	-7.95%	0.92%	5.76%
EPS Growth	13.64%	12.00%	14.29%	-6.25%	-6.67%	3.57%	0.00%	-10.34%	0.00%	7.69%
Operating Cash Flow Growth	-1.36%	-16.83%	19.14%	-8.95%	11.82%	18.25%	-31.73%	-53.19%	133.04%	-2.34%
Free Cash Flow Firm Growth	-206.75%	52.43%	-119.56%	96.69%	-40.33%	1,267.41%	644.38%	-235.88%	89.87%	228.29%
Invested Capital Growth	30.16%	12.19%	21.87%	2.12%	2.20%	-6.98%	-66.15%	275.90%	8.45%	-7.56%
Revenue Q/Q Growth	0.67%	-0.21%	0.53%	-0.45%	-5.81%	3.57%	-0.40%	4.98%	-1.43%	-0.11%
EBITDA Q/Q Growth	10.63%	0.10%	-0.36%	-2.19%	-12.50%	5.12%	-1.85%	12.56%	-7.60%	-0.16%
EBIT Q/Q Growth	11.66%	-0.24%	0.34%	-3.66%	-15.64%	2.79%	4.14%	12.90%	-7.59%	-0.42%
NOPAT Q/Q Growth	10.96%	-0.27%	0.24%	-1.63%	-0.11%	-8.70%	4.43%	12.73%	-7.26%	-1.64%
Net Income Q/Q Growth	10.96%	-0.27%	0.24%	-1.63%	-0.11%	-8.70%	4.43%	12.73%	-7.26%	-1.64%
EPS Q/Q Growth	8.70%	0.00%	3.23%	-3.23%	0.00%	-12.12%	7.41%	8.33%	-7.14%	3.70%
Operating Cash Flow Q/Q Growth	8.14%	4.97%	-9.11%	4.81%	6.54%	0.03%	-45.21%	201.66%	40.19%	-45.01%
Free Cash Flow Firm Q/Q Growth	-17.54%	-8.15%	12.11%	70.93%	18.69%	142.23%	441.26%	-325.84%	59.18%	-7.16%
Invested Capital Q/Q Growth	6.54%	6.55%	2.88%	1.45%	1.25%	-4.00%	-63.65%	9.70%	-1.69%	-1.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	43.09%	47.99%	51.62%	48.38%	41.08%	45.03%	46.24%	40.90%	36.55%	39.37%
EBIT Margin	37.16%	41.43%	44.63%	40.06%	32.67%	33.92%	34.88%	31.61%	30.61%	33.09%
Profit (Net Income) Margin	24.66%	27.27%	29.75%	28.24%	29.41%	28.19%	28.23%	25.61%	24.67%	26.25%
Tax Burden Percent	66.36%	65.83%	66.65%	70.49%	78.50%	83.11%	80.93%	81.00%	80.60%	79.34%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	114.70%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	33.64%	34.17%	33.35%	29.51%	21.50%	16.89%	19.07%	19.00%	19.40%	20.66%
Return on Invested Capital (ROIC)	2.08%	1.92%	1.81%	1.57%	1.44%	1.53%	2.31%	1.77%	1.08%	1.14%
ROIC Less NNEP Spread (ROIC-NNEP)	2.08%	1.92%	1.81%	1.57%	1.44%	1.53%	2.31%	1.77%	1.08%	1.14%
Return on Net Nonoperating Assets (RNNOA)	1.99%	2.83%	3.50%	3.39%	3.20%	3.41%	2.45%	2.40%	2.91%	3.06%
Return on Equity (ROE)	4.07%	4.75%	5.31%	4.95%	4.64%	4.95%	4.76%	4.17%	3.99%	4.20%
Cash Return on Invested Capital (CROIC)	-24.13%	-9.57%	-17.90%	-0.53%	-0.73%	8.76%	101.14%	-114.18%	-7.02%	9.00%
Operating Return on Assets (OROA)	0.91%	0.97%	1.00%	0.87%	0.62%	0.69%	0.70%	0.62%	0.57%	0.59%
Return on Assets (ROA)	0.60%	0.64%	0.67%	0.61%	0.56%	0.57%	0.56%	0.50%	0.46%	0.47%
Return on Common Equity (ROCE)	4.07%	4.75%	5.31%	4.95%	4.64%	4.95%	4.76%	4.17%	3.99%	4.20%
Return on Equity Simple (ROE_SIMPLE)	4.20%	4.85%	5.26%	4.86%	4.73%	4.98%	4.68%	4.04%	3.90%	4.27%
Net Operating Profit after Tax (NOPAT)	73	81	89	85	80	83	81	75	75	80
NOPAT Margin	24.66%	27.27%	29.75%	28.24%	29.41%	28.19%	28.23%	25.61%	24.67%	26.25%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	46.74%	46.17%	46.48%	48.75%	54.91%	49.34%	53.59%	54.05%	54.36%	51.40%
Operating Expenses to Revenue	63.86%	61.28%	61.06%	63.58%	71.00%	65.06%	68.25%	68.04%	69.88%	67.41%
Earnings before Interest and Taxes (EBIT)	109	122	133	121	89	100	100	92	93	100
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	127	142	154	146	112	133	133	119	111	119
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.76	1.89	1.71	1.60	2.12	1.86	2.47	1.66	1.58	1.94
Price to Tangible Book Value (P/TBV)	1.76	1.89	1.71	1.60	2.12	1.86	2.47	1.66	1.58	1.94
Price to Revenue (P/Rev)	10.33	10.62	9.70	9.33	13.16	10.54	14.92	10.53	9.95	11.91
Price to Earnings (P/E)	41.91	38.92	32.59	33.03	53.49	37.37	52.84	41.11	40.34	45.36
Dividend Yield	2.98%	3.87%	5.30%	7.55%	9.90%	9.99%	7.36%	10.34%	10.43%	8.79%
Earnings Yield	2.39%	2.57%	3.07%	3.03%	1.87%	2.68%	1.89%	2.43%	2.48%	2.20%
Enterprise Value to Invested Capital (EV/IC)	1.29	1.28	1.17	1.14	1.29	1.18	2.16	1.13	1.09	1.19
Enterprise Value to Revenue (EV/Rev)	17.34	19.20	21.21	20.84	26.58	20.92	13.36	25.82	25.81	26.28
Enterprise Value to EBITDA (EV/EBITDA)	40.24	40.02	41.08	43.08	64.71	46.47	28.90	63.14	70.62	66.76
Enterprise Value to EBIT (EV/EBIT)	46.66	46.36	47.51	52.03	81.38	61.68	38.30	81.68	84.32	79.43
Enterprise Value to NOPAT (EV/NOPAT)	70.32	70.42	71.28	73.81	90.38	74.21	47.32	100.84	104.62	100.11
Enterprise Value to Operating Cash Flow (EV/OCF)	50.00	66.80	62.62	68.44	70.40	50.77	46.10	193.15	86.78	89.93
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	12.98	1.08	0.00	0.00	12.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.28	1.67	2.19	2.13	2.32	2.13	0.02	2.62	2.75	2.59
Long-Term Debt to Equity	1.28	1.67	2.19	2.13	2.32	2.13	0.02	2.62	2.75	2.59
Financial Leverage	0.96	1.47	1.93	2.16	2.23	2.23	1.06	1.36	2.68	2.67
Leverage Ratio	6.77	7.46	7.94	8.07	8.30	8.66	8.43	8.35	8.67	8.97
Compound Leverage Factor	6.77	7.46	7.94	8.07	9.52	8.66	8.43	8.35	8.67	8.97
Debt to Total Capital	56.19%	62.51%	68.69%	68.10%	69.88%	68.09%	2.34%	72.34%	73.35%	72.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	56.19%	62.51%	68.69%	68.10%	69.88%	68.09%	2.34%	72.34%	73.35%	72.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	43.81%	37.49%	31.31%	31.90%	30.12%	31.91%	97.66%	27.66%	26.65%	27.87%
Debt to EBITDA	17.49	19.53	24.04	25.65	35.12	26.81	0.31	40.50	47.57	40.40
Net Debt to EBITDA	16.26	17.90	22.30	23.80	32.67	23.07	-3.37	37.40	43.39	36.51
Long-Term Debt to EBITDA	17.49	19.53	24.04	25.65	35.12	26.81	0.31	40.50	47.57	40.40
Debt to NOPAT	30.56	34.36	41.71	43.94	49.05	42.82	0.51	64.68	70.48	60.58
Net Debt to NOPAT	28.42	31.49	38.69	40.79	45.62	36.84	-5.52	59.73	64.28	54.76
Long-Term Debt to NOPAT	30.56	34.36	41.71	43.94	49.05	42.82	0.51	64.68	70.48	60.58
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-842	-401	-880	-29	-41	476	3,547	-4,819	-488	626
Operating Cash Flow to CapEx	1,849.00%	930.56%	2,437.78%	1,100.14%	2,726.34%	0.00%	6,219.52%	1,684.51%	1,778.51%	2,891.64%
Free Cash Flow to Firm to Interest Expense	-7.43	-3.39	-6.76	-0.18	-0.19	2.24	22.49	-33.95	-1.49	1.37
Operating Cash Flow to Interest Expense	0.90	0.72	0.78	0.57	0.48	0.57	0.53	0.27	0.28	0.19
Operating Cash Flow Less CapEx to Interest Expense	0.85	0.64	0.75	0.52	0.46	0.67	0.52	0.26	0.26	0.19
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Fixed Asset Turnover	5.18	5.00	4.90	4.87	4.37	5.73	7.26	8.09	8.81	8.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,947	4,429	5,397	5,512	5,633	5,239	1,774	6,667	7,231	6,684
Invested Capital Turnover	0.08	0.07	0.06	0.06	0.05	0.05	0.08	0.07	0.04	0.04
Increase / (Decrease) in Invested Capital	915	481	968	114	121	-393	-3,466	4,894	563	-547
Enterprise Value (EV)	5,105	5,672	6,336	6,304	7,252	6,183	3,834	7,519	7,872	7,968
Market Capitalization	3,042	3,135	2,897	2,821	3,591	3,114	4,280	3,066	3,036	3,610
Book Value per Share	$5.91	$5.82	$6.00	$6.27	$6.06	$5.97	$6.17	$6.57	$6.88	$6.64
Tangible Book Value per Share	$5.91	$5.82	$6.00	$6.27	$6.06	$5.97	$6.17	$6.57	$6.88	$6.64
Total Capital	3,947	4,429	5,397	5,512	5,633	5,239	1,774	6,667	7,231	6,684
Total Debt	2,218	2,768	3,707	3,753	3,936	3,568	41	4,823	5,303	4,822
Total Long-Term Debt	2,218	2,768	3,707	3,753	3,936	3,568	41	4,823	5,303	4,822
Net Debt	2,063	2,537	3,439	3,483	3,661	3,070	-447	4,454	4,837	4,358
Capital Expenditures (CapEx)	5.52	9.13	4.15	8.37	3.78	-21	1.34	2.31	5.10	3.06
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	2,218	2,768	3,707	3,753	3,936	3,568	41	4,823	5,303	4,822
Total Depreciation and Amortization (D&A)	17	19	21	25	23	33	33	27	18	19
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	$0.28	$0.32	$0.31	$0.29	$0.30	$0.29	$0.26	$0.27	$0.28
Adjusted Weighted Average Basic Shares Outstanding	289.94M	281.57M	277.21M	275.59M	275.40M	275.86M	276.69M	277.37M	277.44M	278.18M
Adjusted Diluted Earnings per Share	$0.25	$0.28	$0.32	$0.30	$0.28	$0.29	$0.29	$0.26	$0.26	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	292.21M	283.79M	279.27M	277.30M	277.37M	277.80M	278.58M	278.69M	278.58M	279.14M
Adjusted Basic & Diluted Earnings per Share	$0.25	$0.28	$0.32	$0.00	$0.29	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	289.90M	283.47M	281.07M	280.21M	280.03M	560.49M	561.53M	560.82M	280.36M	280.71M
Normalized Net Operating Profit after Tax (NOPAT)	73	81	89	85	80	83	81	75	75	80
Normalized NOPAT Margin	24.66%	27.27%	29.75%	28.24%	29.41%	28.19%	28.23%	25.61%	24.67%	26.25%
Pre Tax Income Margin	37.16%	41.43%	44.63%	40.06%	37.47%	33.92%	34.88%	31.61%	30.61%	33.09%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.97	1.04	1.02	0.75	0.41	0.47	0.63	0.65	0.28	0.22
NOPAT to Interest Expense	0.64	0.68	0.68	0.53	0.37	0.39	0.51	0.53	0.23	0.17
EBIT Less CapEx to Interest Expense	0.92	0.96	0.99	0.70	0.39	0.57	0.63	0.63	0.27	0.21
NOPAT Less CapEx to Interest Expense	0.59	0.61	0.65	0.48	0.35	0.49	0.51	0.51	0.21	0.17
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	26.85%	29.07%	31.18%	44.06%	62.89%	66.57%	69.92%	78.18%	77.47%	74.07%
Augmented Payout Ratio	264.55%	188.42%	91.97%	67.17%	74.22%	69.36%	76.82%	86.62%	85.41%	76.49%

This table displays calculated financial ratios and metrics derived from TFS Financial's official financial filings.

Metric	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.90%	21.69%	9.17%	-3.06%	-5.54%	-6.11%	3.36%	1.20%	-0.43%	-0.76%	2.62%
EBITDA Growth	55.16%	17.48%	-6.55%	-5.47%	-24.53%	-5.00%	23.90%	14.45%	-0.70%	9.73%	5.48%
EBIT Growth	50.97%	38.35%	3.44%	2.46%	-24.62%	-7.08%	29.36%	16.03%	-1.82%	8.65%	2.42%
NOPAT Growth	49.47%	37.50%	0.40%	2.66%	-23.15%	-6.70%	30.20%	13.35%	-6.81%	8.30%	1.49%
Net Income Growth	49.47%	37.50%	0.40%	2.66%	-23.15%	-6.70%	30.20%	13.35%	-6.81%	8.30%	1.49%
EPS Growth	33.33%	33.33%	0.00%	0.00%	-25.00%	-12.50%	16.67%	16.67%	16.67%	14.29%	0.00%
Operating Cash Flow Growth	68.11%	929.25%	-208.09%	223.37%	213.48%	-53.91%	139.82%	186.48%	-524.42%	25.38%	49.36%
Free Cash Flow Firm Growth	-239.78%	-1,035.85%	-412.84%	-6.66%	88.83%	97.84%	111.91%	148.72%	203.86%	938.67%	100.90%
Invested Capital Growth	275.90%	38.15%	31.25%	21.01%	8.45%	0.89%	-2.52%	-8.07%	-7.56%	-4.57%	-5.48%
Revenue Q/Q Growth	3.78%	0.53%	-7.12%	0.03%	1.13%	-0.07%	2.25%	-2.05%	-0.51%	-0.40%	5.73%
EBITDA Q/Q Growth	33.85%	-13.50%	-24.06%	7.52%	6.86%	8.88%	-0.96%	-0.68%	-7.28%	20.31%	-4.80%
EBIT Q/Q Growth	46.77%	-9.72%	-28.79%	8.60%	7.97%	11.29%	-0.87%	-2.59%	-8.64%	23.16%	-6.56%
NOPAT Q/Q Growth	48.32%	-12.74%	-28.32%	10.66%	11.04%	5.94%	0.03%	-3.67%	-8.71%	23.12%	-6.27%
Net Income Q/Q Growth	48.32%	-12.74%	-28.32%	10.66%	11.04%	5.94%	0.03%	-3.67%	-8.71%	23.12%	-6.27%
EPS Q/Q Growth	33.33%	0.00%	-25.00%	0.00%	0.00%	16.67%	0.00%	0.00%	0.00%	14.29%	-12.50%
Operating Cash Flow Q/Q Growth	-216.67%	746.83%	-145.28%	194.64%	-59.06%	162.74%	-60.88%	580.76%	-160.66%	177.62%	-53.40%
Free Cash Flow Firm Q/Q Growth	-312.32%	61.52%	11.05%	24.44%	56.82%	92.57%	591.07%	209.17%	-7.94%	-40.00%	17.64%
Invested Capital Q/Q Growth	9.70%	2.97%	2.93%	4.08%	-1.69%	-4.21%	-0.54%	-1.85%	-1.14%	-1.11%	-1.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	46.78%	40.25%	32.91%	35.37%	37.38%	40.73%	39.45%	40.00%	37.28%	45.03%	40.55%
EBIT Margin	38.99%	35.01%	26.84%	29.14%	31.11%	34.65%	33.60%	33.41%	30.68%	37.94%	33.53%
Profit (Net Income) Margin	31.83%	27.63%	21.33%	23.59%	25.90%	27.46%	26.87%	26.42%	24.24%	29.97%	26.57%
Tax Burden Percent	81.65%	78.92%	79.45%	80.95%	83.25%	79.25%	79.97%	79.08%	79.02%	78.99%	79.24%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.35%	21.08%	20.55%	19.05%	16.75%	20.75%	20.03%	20.92%	20.98%	21.01%	20.76%
Return on Invested Capital (ROIC)	2.20%	1.43%	1.07%	1.09%	1.14%	1.20%	1.17%	1.14%	1.06%	1.34%	1.21%
ROIC Less NNEP Spread (ROIC-NNEP)	2.20%	1.43%	1.07%	1.09%	1.14%	1.20%	1.17%	1.14%	1.06%	1.34%	1.21%
Return on Net Nonoperating Assets (RNNOA)	2.99%	3.26%	2.60%	2.86%	3.05%	3.24%	3.18%	3.08%	2.82%	3.46%	3.05%
Return on Equity (ROE)	5.18%	4.69%	3.66%	3.95%	4.19%	4.43%	4.34%	4.22%	3.88%	4.80%	4.25%
Cash Return on Invested Capital (CROIC)	-114.18%	-30.67%	-25.73%	-17.80%	-7.02%	0.18%	3.67%	9.56%	9.00%	5.88%	6.85%
Operating Return on Assets (OROA)	0.76%	0.71%	0.54%	0.56%	0.58%	0.63%	0.61%	0.60%	0.55%	0.67%	0.60%
Return on Assets (ROA)	0.62%	0.56%	0.43%	0.46%	0.48%	0.50%	0.49%	0.48%	0.43%	0.53%	0.47%
Return on Common Equity (ROCE)	5.18%	4.69%	3.66%	3.95%	4.19%	4.43%	4.34%	4.22%	3.88%	4.80%	4.25%
Return on Equity Simple (ROE_SIMPLE)	0.00%	4.36%	4.40%	4.30%	0.00%	3.95%	4.12%	4.23%	0.00%	4.25%	4.30%
Net Operating Profit after Tax (NOPAT)	25	22	16	18	20	21	21	20	18	22	21
NOPAT Margin	31.83%	27.63%	21.33%	23.59%	25.90%	27.46%	26.87%	26.42%	24.24%	29.97%	26.57%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	47.59%	53.44%	58.80%	53.07%	52.25%	50.91%	51.75%	51.27%	51.66%	49.58%	50.45%
Operating Expenses to Revenue	61.01%	66.23%	74.50%	70.86%	68.22%	66.67%	67.70%	67.25%	67.99%	64.07%	64.57%
Earnings before Interest and Taxes (EBIT)	31	28	20	22	23	26	26	25	23	28	27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	32	25	26	28	31	30	30	28	34	32
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	1.92	1.73	1.71	1.58	2.02	1.81	1.85	1.94	1.84	1.83
Price to Tangible Book Value (P/TBV)	1.66	1.92	1.73	1.71	1.58	2.02	1.81	1.85	1.94	1.84	1.83
Price to Revenue (P/Rev)	10.53	11.60	10.16	10.44	9.95	12.58	11.39	11.67	11.91	11.65	11.42
Price to Earnings (P/E)	41.11	43.95	39.25	39.82	40.34	51.18	43.85	43.78	45.36	43.36	42.63
Dividend Yield	10.34%	8.94%	10.00%	12.26%	10.43%	8.39%	9.21%	8.95%	8.79%	9.00%	9.12%
Earnings Yield	2.43%	2.28%	2.55%	2.51%	2.48%	1.95%	2.28%	2.28%	2.20%	2.31%	2.35%
Enterprise Value to Invested Capital (EV/IC)	1.13	1.18	1.13	1.12	1.09	1.20	1.14	1.16	1.19	1.17	1.17
Enterprise Value to Revenue (EV/Rev)	25.82	26.56	25.59	26.71	25.81	27.60	25.88	25.79	26.28	25.63	25.05
Enterprise Value to EBITDA (EV/EBITDA)	63.14	65.50	65.30	68.49	70.62	75.39	67.68	65.49	66.76	63.40	61.53
Enterprise Value to EBIT (EV/EBIT)	81.68	81.27	79.37	81.79	84.32	90.65	80.53	77.71	79.43	75.61	73.94
Enterprise Value to NOPAT (EV/NOPAT)	100.84	100.66	98.88	101.85	104.62	112.29	99.69	96.74	100.11	95.39	93.49
Enterprise Value to Operating Cash Flow (EV/OCF)	193.15	73.72	192.77	127.70	86.78	171.71	79.81	48.59	89.93	79.28	72.78
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	654.90	30.56	11.61	12.72	19.50	16.61
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.62	2.71	2.85	2.90	2.75	2.71	2.61	2.53	2.59	2.45	2.43
Long-Term Debt to Equity	2.62	2.71	2.85	2.90	2.75	2.71	2.61	2.53	2.59	2.45	2.43
Financial Leverage	1.36	2.28	2.43	2.63	2.68	2.71	2.73	2.71	2.67	2.58	2.52
Leverage Ratio	8.35	8.40	8.50	8.65	8.67	8.93	8.89	8.85	8.97	9.02	8.97
Compound Leverage Factor	8.35	8.40	8.50	8.65	8.67	8.93	8.89	8.85	8.97	9.02	8.97
Debt to Total Capital	72.34%	73.06%	74.04%	74.36%	73.35%	73.05%	72.31%	71.68%	72.13%	71.04%	70.87%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	72.34%	73.06%	74.04%	74.36%	73.35%	73.05%	72.31%	71.68%	72.13%	71.04%	70.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	27.66%	26.94%	25.96%	25.64%	26.65%	26.95%	27.69%	28.32%	27.87%	28.96%	29.13%
Debt to EBITDA	40.50	40.48	42.82	45.33	47.57	46.05	43.04	40.54	40.40	38.38	37.21
Net Debt to EBITDA	37.40	36.90	39.38	41.71	43.39	41.03	37.91	35.85	36.51	34.58	33.48
Long-Term Debt to EBITDA	40.50	40.48	42.82	45.33	47.57	46.05	43.04	40.54	40.40	38.38	37.21
Debt to NOPAT	64.68	62.22	64.85	67.40	70.48	68.59	63.40	59.89	60.58	57.75	56.54
Net Debt to NOPAT	59.73	56.71	59.63	62.03	64.28	61.11	55.84	52.96	54.76	52.02	50.86
Long-Term Debt to NOPAT	64.68	62.22	64.85	67.40	70.48	68.59	63.40	59.89	60.58	57.75	56.54
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,868	-1,874	-1,667	-1,259	-544	-40	198	614	565	339	399
Operating Cash Flow to CapEx	-1,017.03%	4,014.77%	-7,136.80%	2,130.60%	1,313.01%	5,167.28%	1,750.12%	11,599.88%	-8,206.99%	7,149.92%	305.53%
Free Cash Flow to Firm to Interest Expense	-106.99	-29.36	-21.29	-14.33	-5.53	-0.37	1.77	5.31	4.71	2.86	3.50
Operating Cash Flow to Interest Expense	-0.27	1.24	-0.46	0.38	0.14	0.34	0.13	0.84	-0.49	0.38	0.19
Operating Cash Flow Less CapEx to Interest Expense	-0.29	1.20	-0.46	0.37	0.13	0.33	0.12	0.83	-0.50	0.38	0.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Fixed Asset Turnover	8.09	8.53	8.91	8.90	8.81	8.64	8.85	8.85	8.93	9.05	8.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,667	6,865	7,067	7,355	7,231	6,926	6,889	6,761	6,684	6,610	6,511
Invested Capital Turnover	0.07	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.05
Increase / (Decrease) in Invested Capital	4,894	1,896	1,682	1,277	563	61	-178	-594	-547	-316	-378
Enterprise Value (EV)	7,519	8,115	7,978	8,263	7,872	8,283	7,832	7,828	7,968	7,756	7,630
Market Capitalization	3,066	3,543	3,167	3,231	3,036	3,775	3,445	3,543	3,610	3,526	3,479
Book Value per Share	$6.57	$6.60	$6.54	$6.73	$6.88	$6.72	$6.86	$6.82	$6.64	$6.82	$6.75
Tangible Book Value per Share	$6.57	$6.60	$6.54	$6.73	$6.88	$6.72	$6.86	$6.82	$6.64	$6.82	$6.75
Total Capital	6,667	6,865	7,067	7,355	7,231	6,926	6,889	6,761	6,684	6,610	6,511
Total Debt	4,823	5,016	5,232	5,469	5,303	5,060	4,981	4,846	4,822	4,696	4,615
Total Long-Term Debt	4,823	5,016	5,232	5,469	5,303	5,060	4,981	4,846	4,822	4,696	4,615
Net Debt	4,454	4,572	4,811	5,033	4,837	4,508	4,387	4,286	4,358	4,230	4,151
Capital Expenditures (CapEx)	1.20	1.96	0.50	1.59	1.05	0.70	0.81	0.83	0.72	0.64	6.95
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	4,823	5,016	5,232	5,469	5,303	5,060	4,981	4,846	4,822	4,696	4,615
Total Depreciation and Amortization (D&A)	6.23	4.21	4.53	4.65	4.73	4.58	4.52	4.98	4.96	5.31	5.55
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.08	$0.08	$0.06	$0.06	$0.07	$0.07	$0.07	$0.07	$0.07	$0.08	$0.07
Adjusted Weighted Average Basic Shares Outstanding	277.37M	277.32M	277.36M	277.47M	277.44M	277.84M	278.18M	278.29M	278.18M	278.54M	278.73M
Adjusted Diluted Earnings per Share	$0.08	$0.08	$0.06	$0.06	$0.06	$0.07	$0.07	$0.07	$0.07	$0.08	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	278.69M	278.46M	278.50M	278.59M	278.58M	279.00M	279.05M	279.22M	279.14M	279.58M	279.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	560.82M	280.33M	280.33M	280.33M	280.36M	280.71M	280.71M	280.71M	280.71M	280.80M	280.84M
Normalized Net Operating Profit after Tax (NOPAT)	25	22	16	18	20	21	21	20	18	22	21
Normalized NOPAT Margin	31.83%	27.63%	21.33%	23.59%	25.90%	27.46%	26.87%	26.42%	24.24%	29.97%	26.57%
Pre Tax Income Margin	38.99%	35.01%	26.84%	29.14%	31.11%	34.65%	33.60%	33.41%	30.68%	37.94%	33.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.68	0.44	0.26	0.25	0.24	0.24	0.23	0.22	0.19	0.24	0.23
NOPAT to Interest Expense	0.56	0.35	0.20	0.20	0.20	0.19	0.18	0.17	0.15	0.19	0.18
EBIT Less CapEx to Interest Expense	0.66	0.41	0.25	0.23	0.23	0.24	0.22	0.21	0.19	0.23	0.17
NOPAT Less CapEx to Interest Expense	0.53	0.32	0.20	0.18	0.19	0.19	0.18	0.17	0.15	0.18	0.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	78.18%	72.25%	72.23%	71.75%	77.47%	79.17%	74.60%	72.62%	74.07%	72.66%	72.60%
Augmented Payout Ratio	86.62%	84.46%	84.13%	79.00%	85.41%	83.21%	77.48%	75.42%	76.49%	73.61%	73.54%

Key Financial Trends

TFS Financial Corporation (NASDAQ: TFSL) has shown steady financial performance over the last four years, highlighted by stable revenue generation, consistent profitability, and sound balance sheet management. Here's a summary of key financial trends and highlights based on the latest quarterly financial data spanning 2022 through Q2 2025.

Consistent Net Interest Income Growth: Net interest income has remained robust, increasing from about $69 million in early 2023 quarters to over $72 million in Q2 2025. This indicates effective asset/liability management despite a rising interest expense environment.
Steady Net Income and EPS: TFS Financial has delivered stable quarterly net income around $20-25 million in recent years, with diluted EPS generally in the $0.06 to $0.08 range, reflecting solid profitability and steady shareholder returns.
Healthy Dividend Payouts: The company has maintained a consistent cash dividend of $0.2825 per common share per quarter, indicating confident cash flow generation and a shareholder-friendly capital allocation policy.
Strong Loan Portfolio Growth: Gross loans and leases have grown from approximately $14.5 billion in early 2023 to over $15.4 billion by Q2 2025, supporting revenue growth and reflecting expanding customer demand.
Stable Credit Loss Provisions: Provisions for credit losses have been relatively low and stable, mostly under $2 million per quarter, occasionally turning negative, signaling prudent credit risk management and a healthy loan portfolio.
Investment Securities Volatility: Interest income from investment securities has fluctuated moderately but remains a small portion of total interest income, implying limited dependency on volatile investment returns.
Non-Interest Income Consistency: Non-interest income, including service charges and capital gains, contributes about $5-7 million per quarter, providing some revenue diversification but not a substantial growth driver.
Operating Expenses Trends: Non-interest expenses, grouped mainly as salaries, occupancy, marketing, and other operating expenses, hover around $48-51 million quarterly, suggesting controlled spending relative to revenue.
Rising Interest Expense: Interest expense has trended upwards from about $63 million in early 2023 to over $113 million by Q2 2025, driven by increased deposit costs and long-term debt interest, pressuring net interest margin.
Decrease in Cash Balances: Cash and due from banks have modestly decreased from early 2023 to mid-2025, which may indicate the company is deploying cash in loans or securities rather than holding large liquidity buffers.

Overall Analysis: TFS Financial has delivered consistent profitability and growth over the past four years amid a rising interest rate environment. Net interest income growth and a healthy loan book have supported earnings, while stable non-interest income and controlled expenses contribute to solid operational performance. However, the rising interest expense highlights margin pressures, and cash levels are somewhat reduced. The company’s consistent dividends and stable earnings per share make it appealing for income-focused investors who value reliability and steady growth in the financial sector.

09/15/25 04:24 PM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About TFS Financial's Financials

When does TFS Financial's fiscal year end?

According to the most recent income statement we have on file, TFS Financial's financial year ends in September. Their financial year 2024 ended on September 30, 2024.

How has TFS Financial's net income changed over the last 9 years?

TFS Financial's net income for the last 5 years looks like this:

2020: $83.32 million
2021: $81.01 million
2022: $74.57 million
2023: $75.25 million
2024: $79.59 million

See TFS Financial's forecast for analyst expectations on what’s next for the company.

How has TFS Financial's revenue changed over the last 9 years?

Over the last 9 years, TFS Financial's total revenue changed from $294.39 million in 2015 to $303.16 million in 2024, a change of 3.0%.

How much debt does TFS Financial have?

TFS Financial's total liabilities were at $15.23 billion at the end of 2024, a 1.6% increase from 2023, and a 43.1% increase since 2015.

How much cash does TFS Financial have?

In the past 9 years, TFS Financial's cash and equivalents has ranged from $18.96 million in 2022 to $35.24 million in 2017, and is currently $26.29 million as of their latest financial filing in 2024.

How has TFS Financial's book value per share changed over the last 9 years?

Over the last 9 years, TFS Financial's book value per share changed from 5.91 in 2015 to 6.64 in 2024, a change of 12.3%.

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This page (NASDAQ:TFSL) was last updated on 9/15/2025 by MarketBeat.com Staff

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TFS Financial (TFSL) Financials

Key Financial Trends

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Frequently Asked Questions About TFS Financial's Financials

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TFS Financial (TFSL) Financials

Annual Income Statements for TFS Financial

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Quarterly Cash Flow Statements for TFS Financial

Annual Balance Sheets for TFS Financial

Quarterly Balance Sheets for TFS Financial

Annual Metrics And Ratios for TFS Financial

Quarterly Metrics And Ratios for TFS Financial

Key Financial Trends

Financials Breakdown Chart

Frequently Asked Questions About TFS Financial's Financials

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