secwatch.observer — SEC 8-K summary
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Issuer:     TFS Financial CORP (TFSL)
CIK:        0001381668
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001381668-22-000113
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381668/000138166822000113/0001381668-22-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381668/000138166822000113/tfsl-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001381668-22-000113

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