TFS Financial posts Q1 net income $20.7M, net interest margin compresses YoY; CRO retiring

TFS Financial CORP

2024-Q1 EPS reported $0.07

Net income $20.7M for Q1 FY2024; down from $22.2M YoY but up from $19.5M prior quarter.
Net interest income $69.1M (-8% YoY); net interest margin 1.68% vs 1.95% YoY.
Total assets $17.05B; deposits up $471M to $9.92B; loan originations $273M vs $618M YoY.
CRO Kathleen Danckers retiring June 2024; succeeded by Deborah Hand.
Expense-to-asset ratio improved to 1.17%; Tier 1 leverage ratio 10.78%.

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

Deborah Hand

Chief Risk Officer

TFSL · TFS Financial CORP

Effective: 2024-06-01
Filed: January 30, 2024, 6:59 PM ET

Deborah Hand, who has been with the Association since 2008 and currently serves as Chief Credit Officer, will become the new Chief Risk Officer at that time.

Departed

Kathleen (Kitty) M. Danckers

Chief Risk Officer

TFSL · TFS Financial CORP

Effective: 2024-06-01
Successor: Deborah Hand
Filed: January 30, 2024, 6:59 PM ET

Kathleen (Kitty) M. Danckers, the Chief Risk Officer for the Company, announced that she will be retiring from employment in June 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

TFS Financial CORP reported the quarter ended December 31, 2023 results: net income $20.7 million.

Period: the quarter ended December 31, 2023
Net income: $20.7 million
Result: reported results

Exact text from the filing

On January 30, 2024 , 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 December 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Deborah Hand was appointed as Chief Risk Officer at TFS Financial CORP.

Action: appointed
Role: Chief Risk Officer

Exact text from the filing

Deborah Hand, who has been with the Association since 2008 and currently serves as Chief Credit Officer, will become the new Chief Risk Officer at that time.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kathleen (Kitty) M. Danckers departed as Chief Risk Officer at TFS Financial CORP.

Action: retiring
Role: Chief Risk Officer

Exact text from the filing

Kathleen (Kitty) M. Danckers, the Chief Risk Officer for the Company, announced that she will be retiring from employment in June 2024.

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 0001381668-24-000015

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