earnings
confidence high
sentiment positive
materiality 0.70
TFS Financial reports Q1 net income of $22.2M; net interest income up 30% YoY
TFS Financial CORP
2023-Q1 EPS reported
$0.08
- Net income of $22.2M for quarter ended Dec 31, 2022, up $6.1M YoY.
- Net interest income rose 30% to $75.2M; net interest margin improved to 1.95% from 1.69%.
- Loan growth of $219M; residential core mortgages up $150.8M, home equity up $65.6M.
- Tier 1 leverage ratio of 11.38%, more than double well-capitalized requirement; dividend $0.2825 per share paid.
- Deposits increased $93.3M to $9.01B; 315,000 shares repurchased at avg $13.70 per share.