TFS Financial Delivers Record-Breaking Quarter
TFS Financial reported record quarterly net income of $30.5 million, up 31.4% from the prior quarter, driven by a 4.6% increase in net interest income and a $3.5 million release of credit loss provisions. Net interest margin expanded six basis points to 1.90%, supported by $616.4 million in residential mortgage originations and a yield improvement on interest-earning assets.
Key figures
- Eps
- 0.11
- Revenue
- 81400000
- Net Income
- $30.5 million
- Roa
- 0.69%
- Roe
- 6.24%
- Provision release
- 3500000
- Dividend per share
- 0.2825
- Net interest margin
- 1.90%
- Mortgage originations
- $616.4 million
- Tier 1 leverage ratio
- 10.72%
- Shares repurchased nine months
- 355241
AI analysis
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