TFS Financial Corporation
- Open
- 17.43
- Day high
- 17.63
- Day low
- 17.25
- Prev close
- 17.38
- Volume
- 623K
- Mkt cap
- $4.9B
- P/E (TTM)
- 47.8
- EPS (TTM)
- $0.37
- P/B
- 2.5
- P/S
- 6.0
- Yield
- 3.23%
- Per share
- $0.56
- ▼Insiders net selling -$257K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
TFS Financial Corporation (TFSL) is a Financial Services company listed on NASDAQ. The stock is up 27% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering TFSL.
TFS Financial Corporation (TFSL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TFSL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 30, 2026 | $0.08 | $0.11 | +37.5% | $89M | +2.6% |
| Apr 30, 2026 | $0.08 | $0.08 | +0.0% | $85M | +0.6% |
| Jan 29, 2026 | $0.09 | $0.08 | -11.1% | $84M | -1.1% |
| Oct 30, 2025 | $0.08 | $0.09 | +12.5% | $85M | +1.3% |
| Jul 30, 2025 | $0.08 | $0.08 | +0.0% | $82M | -0.2% |
| Apr 30, 2025 | $0.07 | $0.07 | +0.0% | $79M | +14.0% |
| Jan 30, 2025 | $0.06 | $0.08 | +33.3% | $75M | +8.2% |
| Oct 30, 2024 | $0.06 | $0.06 | +0.0% | $75M | +3.3% |
| Apr 30, 2024 | $0.06 | $0.07 | +16.7% | $77M | +16.1% |
| Jan 30, 2024 | $0.06 | $0.07 | +16.7% | $75M | +2.4% |
| Oct 26, 2023 | $0.05 | $0.07 | +40.0% | $75M | +11.3% |
| Jul 27, 2023 | $0.04 | $0.06 | +60.0% | $75M | +16.9% |
TFSL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 7, 2026 | Stefanski Gavin Bofficer: Chief Experience Officer | Sell | 6,500 | $18.35 |
| Jun 30, 2026 | LaRocca James Eofficer: Accounting and Finance Officer | Grant | 4,600 | — |
| Jun 16, 2026 | Zbanek Cathy Wofficer: Chief Synergy Officer | Option | 67,500 | $14.74 |
| Jun 16, 2026 | Zbanek Cathy Wofficer: Chief Synergy Officer | Tax | 61,334 | $16.92 |
| Jun 12, 2026 | WEIL MEREDITH Sdirector, officer: Chief Financial Officer | Tax | 45,684 | $16.80 |
| Jun 12, 2026 | WEIL MEREDITH Sdirector, officer: Chief Financial Officer | Option | 50,000 | $14.74 |
| Jun 12, 2026 | WEIL MEREDITH Sdirector, officer: Chief Financial Officer | Sell | 4,316 | $16.80 |
| Jun 10, 2026 | Zbanek Cathy Wofficer: Chief Synergy Officer | Tax | 55,533 | $16.49 |
| Jun 10, 2026 | Zbanek Cathy Wofficer: Chief Synergy Officer | Option | 60,000 | $14.74 |
| Jun 8, 2026 | Long Sandra Mofficer: Chief Consumer Banking Officer | Option | 5,000 | $14.74 |
| Jun 8, 2026 | Miller Susanne N.officer: Chief Accounting Officer | Tax | 10,248 | $16.33 |
| Jun 8, 2026 | Miller Susanne N.officer: Chief Accounting Officer | Option | 11,000 | $14.74 |
| Jun 8, 2026 | Long Sandra Mofficer: Chief Consumer Banking Officer | Tax | 4,658 | $16.33 |
| Jun 4, 2026 | WEIL MEREDITH Sdirector, officer: Chief Financial Officer | Option | 80,000 | $14.74 |
| Jun 4, 2026 | WEIL MEREDITH Sdirector, officer: Chief Financial Officer | Tax | 75,895 | $15.90 |
Source: TFSL SEC Form 4 filings, latest Aug 7, 2026. For informational purposes only — not investment advice.
See the full TFSL insider & 13F page →TFS Financial Corporation company profile
Overview
TFS Financial Corporation (NASDAQ:TFSL) is a regional bank holding company founded in 1938 and headquartered in Cleveland, Ohio. The company operates as a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC, and went public in 2007. TFS Financial provides retail consumer banking services primarily in Ohio and Florida through 37 full-service branches and 7 loan production offices, serving customers with traditional banking products and residential mortgage lending services.
Business
TFS Financial operates in the regional banking industry, which involves accepting deposits from consumers and businesses and using those funds to make loans, primarily residential mortgages. Regional banks like TFS serve specific geographic markets and typically focus on relationship banking with local communities, differentiating themselves from large national banks through personalized service and local market knowledge. The company's core business revolves around two main activities: deposit gathering and mortgage lending. On the deposit side, TFS offers traditional banking products including savings accounts, money market accounts, checking accounts, certificates of deposit (CDs), and retirement accounts like IRAs. These deposit products serve as the primary funding source for the bank's lending operations. On the lending side, TFS specializes in residential real estate financing, offering residential mortgage loans for home purchases and refinancing, residential construction loans for new home builds, and home equity loans and lines of credit that allow homeowners to borrow against their property's value. The bank also provides escrow and settlement services, which are ancillary services that support real estate transactions by handling the transfer of funds and documents between buyers, sellers, and lenders. TFS Financial's business model is geographically concentrated, with operations focused in Ohio and Florida markets. This regional focus allows the bank to develop deep local market expertise and maintain close relationships with customers, real estate professionals, and community organizations in these areas.
Revenue model
TFS Financial generates revenue through the traditional banking model known as net interest income, which is the difference between the interest earned on loans and investments and the interest paid on deposits and borrowings. The bank pays depositors relatively low interest rates on their savings and checking accounts, then lends those funds out at higher interest rates through mortgages and other loans, capturing the spread as profit. The company's primary customers are individual consumers and families seeking residential mortgages, home equity financing, and basic banking services. Revenue streams include interest income from mortgage loans, fees from loan origination and servicing, and income from escrow and settlement services. The bank may also generate fee income from deposit account services, though this is typically a smaller component compared to interest income. Several factors can significantly impact TFS Financial's profitability margins. Rising interest rates generally benefit banks by widening the spread between loan rates and deposit costs, though this can also reduce loan demand and increase funding costs over time. Conversely, falling interest rates can compress margins but may stimulate loan demand. Credit quality is another crucial factor - economic downturns or regional real estate market weakness could lead to increased loan losses, directly impacting profitability. Competition from other regional banks, credit unions, and national lenders can pressure both deposit rates and loan pricing. Additionally, regulatory changes affecting capital requirements or lending standards can influence operational costs and lending capacity. The bank's geographic concentration in Ohio and Florida makes it particularly sensitive to economic conditions and real estate market performance in these specific regions.
Competitive moat
TFS Financial's competitive moat is relatively modest, typical of smaller regional banks. The company's primary defensive characteristics include its established local market presence in Ohio and Florida, long-standing customer relationships built over decades of operation, and deep knowledge of local real estate markets that can inform lending decisions. The bank benefits from some customer switching costs, as consumers often maintain banking relationships for convenience and familiarity, particularly for mortgage and deposit services. Additionally, TFS's mutual holding company structure may provide some stability, as it's not subject to the same shareholder pressure for short-term returns that fully public banks face. However, the banking industry is highly competitive with relatively low barriers to entry for well-capitalized competitors. TFS faces significant competitive pressure from larger regional and national banks that can offer more comprehensive services, better technology platforms, and more competitive pricing due to their scale advantages. Credit unions also compete directly for deposits and mortgage lending, often with favorable tax treatment that allows them to offer better rates. The rise of fintech companies and online banking platforms poses an additional threat, as these entities can offer more convenient digital experiences and competitive rates without the overhead of physical branch networks. TFS's relatively small size and limited geographic footprint also constrain its ability to diversify risk and achieve economies of scale compared to larger competitors. The company's moat should be considered narrow and potentially vulnerable to continued industry consolidation and technological disruption.
Risks & safety
TFS Financial presents a moderate margin of safety profile typical of a well-capitalized regional bank, though with some areas of concern. • **Liquidity and Solvency**: The company maintains strong cash positions with approximately $464-466 million in cash and short-term investments across recent quarters. However, the debt-to-equity ratio of around 2.4-2.6x is elevated, though this is somewhat normal for banks where deposits constitute the primary "debt." • **Profitability Trends**: Net income has been relatively stable, ranging from $75-80 million annually over recent years, with quarterly earnings of $19-22 million. Return on equity is modest at approximately 1.0-1.2% quarterly, indicating below-average profitability for the banking sector. • **Valuation Metrics**: The stock trades at elevated multiples with P/E ratios of 38-49x and EV/EBITDA ratios of 57-70x, suggesting limited valuation-based margin of safety. Price-to-book ratios of 1.8-1.9x are reasonable for a bank but not particularly attractive. • **Operational Concerns**: Current ratios are extremely low (0.06-0.17x in most quarters), reflecting the nature of banking operations where deposits (liabilities) far exceed liquid assets. Free cash flow has been volatile, turning negative in some quarters. • **Other Considerations**: The company's geographic concentration in Ohio and Florida creates regional economic risk, and the elevated valuation metrics suggest limited downside protection at current price levels.
Recent development
Based on the available financial data, TFS Financial has maintained relatively stable operations over the past few years, though specific strategic initiatives are not detailed in the earnings summaries provided. The company has demonstrated consistent profitability with annual net income in the $75-80 million range, suggesting a steady-state business model focused on traditional banking services. The bank has maintained strong liquidity positions with cash holdings consistently above $460 million, indicating conservative balance sheet management during a period of interest rate volatility and economic uncertainty. Revenue has remained relatively stable in the $290-305 million range annually, reflecting the company's established market position and customer base. One notable trend is the company's maintained focus on its core Ohio and Florida markets without significant geographic expansion, suggesting a strategy of deepening existing market penetration rather than pursuing growth through new market entry. The consistent branch and loan production office footprint indicates operational stability but also limited growth ambitions compared to more aggressive regional competitors. The company's performance through various interest rate environments demonstrates its ability to navigate changing market conditions, though profitability metrics suggest room for improvement in operational efficiency and return generation compared to peer institutions.
TFSL company profile · for informational purposes only — not investment advice.
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