TFS Financial reports FY2022 net income $74.6M, down from $81.0M; loan growth $1.7B

TFS Financial CORP

2022-FY EPS reported $0.26

Net income $74.6M ($1.13 annual dividend) vs $81.0M prior year; net interest income up 15% to $267.4M.
Loan growth $1.7B; total assets $15.79B, up 12%; net interest margin 1.88% vs 1.66%.
Provision for credit losses $1.0M vs $9.0M release prior year; net loan recoveries $9.7M.
Borrowed funds up 55% to $4.79B to fund loan growth; deposits essentially flat at $8.92B.
All capital ratios exceed well-capitalized levels; MHC dividend waiver approved through July 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TFS Financial CORP reported the three months and fiscal year ended September 30, 2022 results: net income $74.6 million.

Period: the three months and fiscal year ended September 30, 2022
Net income: $74.6 million
Result: reported results

Exact text from the filing

TFS Financial Corporation (NASDAQ: TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the quarter and fiscal year ended September 30, 2022.

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Source: SEC EDGAR

accession 0001381668-22-000113

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