---
schema_version: "secwatch.filing_event.v1"
accession: "0001381668-24-000015"
form_type: "8-K"
ticker: "TFSL"
cik: "0001381668"
company_name: "TFS Financial CORP"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T14:50:15.378224+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001381668-24-000015
- form_type: 8-K
- ticker: TFSL
- cik: 0001381668
- company_name: TFS Financial CORP
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1381668/000138166824000015/0001381668-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1381668/000138166824000015/tfsl-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001381668-24-000015
- JSON: https://secwatch.observer/filing/0001381668-24-000015.json
- Plain text: https://secwatch.observer/filing/0001381668-24-000015.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1381668/000138166824000015/0001381668-24-000015-index.htm
- Executive change
  Deborah Hand was appointed as Chief Risk Officer at TFS Financial CORP.
  - Action: appointed
  - Role: Chief Risk Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1381668/000138166824000015/0001381668-24-000015-index.htm
- Executive change
  Kathleen (Kitty) M. Danckers departed as Chief Risk Officer at TFS Financial CORP.
  - Action: retiring
  - Role: Chief Risk Officer
  source text: Kathleen (Kitty) M. Danckers, the Chief Risk Officer for the Company, announced that she will be retiring from employment in June 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1381668/000138166824000015/0001381668-24-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.