TFS Financial Q4 net $19.5M, FY $75.3M; CFO Mulhern shifts to Innovation Officer, Weil named CFO

TFS Financial CORP

2023-FY EPS reported $0.26

Q4 net income $19.5M (+$1.9M QoQ); FY net income $75.3M vs $74.6M YoY.
Leadership: Timothy Mulhern appointed Chief Innovation Officer; Meredith Weil appointed CFO and Secretary, effective Jan 1, 2024.
Q4: $540M new mortgage loans (avg yield 6.32%); deposits +$381M.
FY2023: Tier 1 leverage ratio 10.96%; total assets $16.92B (+7% YoY).
Quarterly dividend $0.2825/share; MHC dividend waiver approved through July 2024, $0.8475 remaining.

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.

Appointed

Meredith S. Weil

Chief Financial Officer and Secretary

TFSL · TFS Financial CORP

Effective: 2024-01-01
Filed: October 26, 2023, 7:59 PM ET

Additionally, the Board appointed Meredith S. Weil as the Company’s Chief Financial Officer and Secretary.

Role change

Timothy W. Mulhern

Chief Innovation Officer of the Association and Vice President of the Company

TFSL · TFS Financial CORP

Effective: 2024-01-01
Successor: Meredith S. Weil
Filed: October 26, 2023, 7:59 PM ET

The Board appointed Timothy W. Mulhern, who currently serves as the Company’s Chief Financial Officer, to the roles of Chief Innovation Officer of the Association and Vice President of the Company.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

TFS Financial CORP reported the quarter ended September 30, 2023 results: net income $19.5 million.

Period: the quarter ended September 30, 2023
Net income: $19.5 million
Result: reported results

Exact text from the filing

On October 26, 2023, TFS Financial Corporation (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), issued a press release announcing its operating results for the three months and fiscal year ended September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

TFS Financial CORP reported the fiscal year ended September 30, 2023 results: net income $75.3 million.

Period: the fiscal year ended September 30, 2023
Net income: $75.3 million
Result: reported results

Exact text from the filing

The Company reported net income of $75.3 million for the fiscal year ended September 30, 2023 compared to net income of $74.6 million for the fiscal year ended September 30, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Meredith S. Weil was appointed as Chief Financial Officer and Secretary at TFS Financial CORP.

Action: appointed
Role: Chief Financial Officer and Secretary

Exact text from the filing

Additionally, the Board appointed Meredith S. Weil as the Company’s Chief Financial Officer and Secretary.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Timothy W. Mulhern was appointed as Chief Innovation Officer of the Association and Vice President of the Company at TFS Financial CORP.

Action: appointed
Role: Chief Innovation Officer of the Association and Vice President of the Company

Exact text from the filing

The Board appointed Timothy W. Mulhern, who currently serves as the Company’s Chief Financial Officer, to the roles of Chief Innovation Officer of the Association and Vice President of the Company.

View on SEC.gov

20 earnings releases filed in the last 30 days. Browse all earnings releases →

TFS Financial CORP filing history →

Source: SEC EDGAR

accession 0001381668-23-000087

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