TFS Financial (TFSL) investor relations material

Executive summary

• Net income for the quarter ended March 31, 2026 rose 4% sequentially to $23.2 million, driven by higher net interest income and lower non-interest expenses.

• Net interest income reached a record $77.8 million for the quarter, up 2.8% from the previous quarter, aided by lower deposit costs and higher yields from adjustable-rate mortgages.

• For the six months ended March 31, 2026, net income increased 4.8% year-over-year to $45.5 million, with net interest income up 9.3% to $153.5 million.

• Total assets stood at $17.48 billion as of March 31, 2026.

Financial highlights

• Quarterly net income rose $0.9 million to $23.2 million compared to the prior quarter.

• Net interest margin improved to 1.84% for the quarter and 1.82% for the six-month period, both up from prior periods.

• Total non-interest income for the quarter was $7.4 million, down 7.5% sequentially, but up 14% year-over-year for the six months to $15.5 million.

• Non-interest expense for the quarter decreased 1.4% sequentially to $55.4 million, but rose 12.7% year-over-year for the six months to $111.6 million.

• Earnings per share for the quarter were $0.08, and $0.16 for the six months.

Outlook and guidance

• Management expressed optimism for the upcoming purchase season and mortgage growth opportunities.

• Strong capital ratios provide flexibility for growth, dividends, and share buybacks.