earnings
confidence high
sentiment neutral
materiality 0.65
TFS Financial reports FY2024 net income $79.6M (+6% YoY); home equity loans up $855M
TFS Financial CORP
2024-FY EPS reported
$0.28
- Q4 net income $18.2M vs $20.0M in Q3; net interest income $68.7M, down $0.6M.
- FY net income $79.6M ($75.3M in FY2023); net interest margin 1.69% vs 1.80% prior year.
- Home equity loans and lines of credit increased $854.8M to $3.89B; mortgage loans declined $693M.
- Total deposits grew $745M (8%) to $10.20B; retail CDs drove growth; brokered CDs $1.22B.
- Dividend maintained at $0.2825/share quarterly; Tier 1 leverage ratio 10.89% (well-capitalized).