Stock Data
$0.27 (1.51%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
TFS Financial Corporation is a Cleveland, Ohio-based bank specializing in a variety of consumer banking services. It offers a range of deposit accounts including savings, checking, and retirement accounts, alongside certificates of deposit. The bank is also known for its residential mortgage services, including construction loans, home equity loans, and mortgage refinancing. Additionally, TFS Financial provides escrow and settlement services. With a history dating back to 1938, it operates through a network of branches and loan production offices in Ohio and Florida.
TFS Financial crushed earnings with a 37.5% EPS beat as mortgage originations surged to $616.4 million, net interest margins expanded to 1.90%, and a $3.5 million credit loss release sweetened the bottom line. The Cleveland thrift delivered a 41.96% year-over-year jump in net income despite revenue falling 55% due to a tough prior-year comp.
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