TFS Financial Q1 net income $22.3M, NII down 2% sequentially; expenses rise on bonuses

TFS Financial CORP

2026-Q1 EPS reported $0.08

Net income $22.3M vs $26.0M prior qtr and $22.4M yr ago; NII $75.7M, down 2.07% q/q, up 10.83% y/y.
Non-interest expense $56.2M, +$4.2M q/q and +$8.3M y/y, driven by one-time $2.2M associate bonus and higher marketing.
Provision for credit losses release of $1.0M; total allowance $104.1M or 0.66% of loans; net loan recoveries $0.7M.
Tier 1 leverage ratio 10.75%; paid $0.2825/sh dividend; repurchased 139,442 shares at avg $13.66 during quarter.

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