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Stock impact report

TFS Financial Corporation Announces Earnings for the First Fiscal Quarter 2024 [Yahoo! Finance]

TFS Financial Corporation (TFSL) 
Last tfs financial corporation earnings: 4/30 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.thirdfederal.com
Company Research Source: Yahoo! Finance
CLEVELAND, January 30, 2024 BUSINESS WIRE )--TFS Financial Corporation (NASDAQ: TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the quarter ended December 31, 2023. "Third Federal is well-positioned to withstand the ongoing volatility of the interest rate environment," said Chairman and CEO Marc A. Stefanski. "We have taken proactive and strategic measures to control expenses, significantly reducing the expense-to-asset ratio from 1.34 percent in December 2022, down to 1.17 percent in December 2023. We will continue to prudently manage our expenses to help safeguard against margin compression and will focus on maintaining the Company's strong Tier 1 capital ratio of nearly 11 percent to ensure that we remain strong, stable and safe during this challenging rate environment." Highlights - First Quarter Fiscal Year 2024 Reported net income of $20.7 million Remained well capita Show less Read more
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