secwatch.observer — SEC 8-K summary
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Issuer:     TFS Financial CORP (TFSL)
CIK:        0001381668
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001381668-24-000132
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TFS Financial reports FY2024 net income $79.6M (+6% YoY); home equity loans up $855M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1381668/000138166824000132/0001381668-24-000132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1381668/000138166824000132/tfsl-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001381668-24-000132

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