Quarterly ResultMay 7, 2026, 03:48 PM
TFS Financial Q1 Net Income $23.2M, EPS $0.08
AI Summary
TFS Financial Corporation reported increased net income and diluted earnings per share for the three and six months ended March 31, 2026, compared to the prior year periods. Net interest income also grew, while the provision for credit losses decreased significantly. The company saw a slight increase in total assets and shareholders' equity, despite a decrease in deposits offset by an increase in borrowed funds.
Key Highlights
- Net income for Q1 2026 was $23.2 million, up 10.6% from $21.0 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.08, an increase from $0.07 in Q1 2025.
- Net interest income for Q1 2026 rose 8.0% to $77.8 million from $72.0 million in Q1 2025.
- Total assets as of March 31, 2026, were $17.48 billion, up from $17.46 billion at September 30, 2025.
- Deposits decreased to $10.19 billion at March 31, 2026, from $10.45 billion at September 30, 2025.
- Borrowed funds increased to $5.14 billion from $4.87 billion over the same period.
- Provision for credit losses was $0 for Q1 2026, down from $1.5 million in Q1 2025.
- Total shareholders' equity increased to $1.92 billion from $1.89 billion.