)
Edge23 Jan 2026
Death, Taxes, and Garbage: The Story of WM
How Waste Management turned garbage into one of America's most stable business models through landfills, regulation, and nationwide scale.
TFS Financial
TFS Financial (TFSL) investor relations material
TFS Financial Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary29 Jan, 2026
Executive summary
Net income for the quarter ended 12/31/25 was $22.3M, down from $26.0M in the prior quarter and nearly flat compared to $22.4M a year ago.
Assets totaled $17.50B at 12/31/25, up slightly from $17.46B at 9/30/25.
Net interest income increased year-over-year by $7.4M (10.83%) to $75.7M, but decreased sequentially by $1.6M (2.07%).
The company adapted to three recent Fed rate cuts, impacting yields on home equity lines of credit and cash equivalents.
Loan portfolio quality remains high, with a delinquency rate of 0.23% and net recoveries for the ninth consecutive year.
Financial highlights
Net interest margin was 1.79% for the quarter, up from 1.66% a year ago but down from 1.84% in the prior quarter.
Total non-interest income rose 23.07% year-over-year to $8.0M, driven by higher fees and gains on loan sales.
Non-interest expense increased 17.31% year-over-year to $56.2M, mainly due to higher salaries, marketing, and IT costs.
Book value per share (GAAP) was $6.77; book value per minority share was $35.53 at 12/31/25.
Return on average assets was 0.51% for the quarter, compared to 0.60% in the prior quarter and 0.53% a year ago.
Outlook and guidance
Management expects continued focus on dividends, managed portfolio growth, and strategic share repurchases.
Management highlighted ongoing adaptation to interest rate changes and competitive deposit environment.
Forward-looking statements highlight risks from competition, interest rate changes, economic conditions, and regulatory changes.
No conference call will be held for this quarter's results; presentation slides will be available online.
Explain NII decrease despite asset growth
Analyze deposit mix shift and marketing spend
Reconcile credit loss release with rising delinquencies
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next TFS Financial earnings date
Q2 202629 Apr, 2026
TFS Financial
Next TFS Financial earnings date
Q2 202629 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
TFS Financial Corporation, through its wholly owned subsidiary Third Federal Savings and Loan Association of Cleveland, provides retail consumer banking services in the United States. The company’s offerings include a variety of deposit products such as savings accounts, money market accounts, checking accounts, individual retirement accounts, and certificates of deposit. TFS Financial also specializes in residential real estate mortgage loans, including purchase mortgages, mortgage refinancing, home equity loans, and lines of credit. Additionally, it offers residential construction loans and escrow and settlement services. The company operates through its main office in Cleveland, Ohio, along with multiple branches and loan production offices across Ohio and Florida. The company is headquartered in Cleveland, Ohio, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage