TFS Financial Q3 net income $16M vs $26.8M YoY; CFO Huml to retire Jan 2022

TFS Financial CORP

2021-Q3 EPS reported $0.23

Net income of $16.0M for Q3 fiscal 2021 vs $26.8M in prior year; nine-month net income $64.0M vs $69.7M.
First mortgage originations $845M in quarter and $2.91B year-to-date; net gain on loan sales fell to $3.4M from $10.8M.
Net interest income $57.1M (quarter) vs $62.9M; net interest margin 1.63% vs 1.74%.
CFO Paul J. Huml to retire in January 2022; Timothy W. Mulhern, internal since 2003, to succeed as CFO.
MHC members approved dividend waiver through July 2022; quarterly dividend maintained at $0.28/share.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Paul J. Huml

Chief Financial Officer

TFSL · TFS Financial CORP

Successor: Timothy W. Mulhern
Filed: July 29, 2021, 7:59 PM ET

Paul J. Huml, the Chief Financial Officer of the Company, announced on July 29, 2021, that he will be retiring from employment in January 2022.

Appointed

Timothy W. Mulhern

Chief Financial Officer

TFSL · TFS Financial CORP

Filed: July 29, 2021, 7:59 PM ET

Timothy W. Mulhern, 55, who has been with the Association since 2003 and has served in various leadership positions, including Director of Internal Audit, Chief Credit Officer, and as a manager in the information technology, loan servicing, deposit operations, and most recently in the finance area, will become the new Chief Financial Officer at that time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul J. Huml departed as Chief Financial Officer at TFS Financial CORP.

Action: retiring
Role: Chief Financial Officer

Exact text from the filing

Paul J. Huml, the Chief Financial Officer of the Company, announced on July 29, 2021, that he will be retiring from employment in January 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy W. Mulhern was appointed as Chief Financial Officer at TFS Financial CORP.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Timothy W. Mulhern, 55, who has been with the Association since 2003 and has served in various leadership positions, including Director of Internal Audit, Chief Credit Officer, and as a manager in the information technology, loan servicing, deposit operations, and most recently in the finance area, will become the new Chief Financial Officer at that time.

View on SEC.gov

TFS Financial CORP filing history →

Source: SEC EDGAR

accession 0001381668-21-000076

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