TFS Financial (TFSL) Aperçu de l'action

TFS Financial Corporation, par l'intermédiaire de ses filiales, fournit des services bancaires aux particuliers aux États-Unis. Plus de détails

TFSL analyse fondamentale
Score flocon de neige
Évaluation	0/6
Croissance future	1/6
Performances passées	4/6
Santé financière	5/6
Dividendes	4/6

Récompenses

Les bénéfices devraient augmenter 8.88% par an

Les revenus ont augmenté 3.4% par an au cours des 5 dernières années

Analyse des risques

Le dividende de 7.18% n'est pas bien couvert par les bénéfices actuels ou ne devrait pas être couvert

TFSL Community Fair Values

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TFS Financial Corporation Concurrents

Historique des prix et performances

Résumé des hausses, des baisses et des variations du cours de l'action pour la période du 1er janvier au 31 décembre 2009 TFS Financial
Historique des cours de bourse
Prix actuel de l'action	US$15.73
Plus haut sur 52 semaines	US$15.75
Plus bas sur 52 semaines	US$12.54
Bêta	0.73
Variation sur 1 mois	4.52%
Variation sur 3 mois	5.22%
Variation sur 1 an	19.17%
Variation sur 3 ans	35.84%
Variation sur 5 ans	-27.41%
Évolution depuis l'introduction en bourse	33.42%

Nouvelles et mises à jour récentes

Recent updates

Seeking Alpha • Nov 17

TFS Financial: Huge Bargain At 7x Earnings With An 8%+ Dividend Yield

Summary TFS Financial (TFSL) is deeply undervalued, trading at 7x earnings and 39% of book value, with a robust 8.3% dividend yield. TFSL's earnings have been pressured by rising rates and expensive funding, but falling rates and lower deposit costs could significantly boost EPS. The mutual holding company structure limits risk of a dilutive second step, and management has resumed buybacks, signaling confidence in future growth. With stable underwriting, conservative management, and potential for EPS growth to $2.60+, TFSL could double if rates fall and loan demand rebounds. Read the full article on Seeking Alpha

Seeking Alpha • Mar 28

TFS Financial Corp: A Long Forgotten Second Step Thrift Conversion Can Still Provide Value

Summary TFS Financial Corporation (TFSL) offers a steady 9%+ dividend yield, making it an attractive option for income-focused investors despite its complex share structure. The company's consistent performance through various economic cycles and interest rate environments highlights its resilience and strong management. TFSL's valuation is convoluted due to its split ownership, but its public float trades at a very cheap price-to-book ratio of 0.34x. Potential risks include the possibility of a second-step conversion and dividend cuts, but the strong management and high reserves mitigate these concerns. Read the full article on Seeking Alpha

Seeking Alpha • Dec 28

TFS Financial: Prioritizing Stability For Dividend Investors

Summary TFS Financial Corporation's unique ownership structure results in dividends being well-covered and the stock trading at a discount to book value per minority share. Approximately 81% of shares are owned by a mutual holding company, with dividends paid only to minority shareholders, ensuring strong dividend coverage. With earnings per minority share at $1.49 and dividends at $1.13, the dividend yield is attractively covered. I rate TFSL as a buy due to its strong track record, capital strength, stable deposits, and conservative underwriting, making it a solid income play. Read the full article on Seeking Alpha

Seeking Alpha • Jun 28

TFS Financial Stock: Carefully Navigating Uncertain Times

Summary TFS Financial Corporation has a unique ownership structure with majority owners not receiving dividends, making the high payout ratio misleading. Rising interest rates had mixed effects on TFSL, increasing interest income but reducing demand for new loans and refinancing deals. TFSL offers a 9% dividend yield, fully supported by income, but has not raised dividends in 4 years, leading to mixed investor reactions. Moving forward, the bank will have to be very careful about how it navigates these uncertain times we are in right now. Read the full article on Seeking Alpha

Seeking Alpha • Apr 12

TFS Financial: An Unreasonably High Price

Summary TFS Financial Corporation originates and services residential mortgage loans. The company is well-capitalized and its stock price results in a high dividend yield. However, profitability doesn't appear promising and the shares aren't trading low enough to reflect an opportunity here. Read the full article on Seeking Alpha

Seeking Alpha • Aug 25

TFS Financial Corporation: Bouncing Back And Returning To The Right Track

Summary TFS Financial Corporation is rebounding with solid revenue growth and margin expansion. But, liquidity remains a concern as inflationary pressure intensifies. The dividend payout ratio is now 94% vs 96% in my previous article. TFS Financial Corporation's stock price is now in an uptrend but remains undervalued. The TFS Financial Corporation (TFSL) is a Cleveland-based holding company that provides retail consumer banking products and services. Its primary services include real estate mortgage lending and refinancing and home construction lending. Deposit products include savings, checking, retirement plan, and money market. It has a market capitalization of over $4 billion, making it as large as some S&P 400 components. But, over 80% of its stocks are held by MHC, a federally chartered mutually holding company. I have been keeping an eye on this company since 1Q 2022. In my previous article, it was still a bit slow-moving. Even so, its financials and growth prospects were already promising, matched with its undervalued stock price. Now, the stock has regained its footing amidst the sustained inflation. It also generates enough income to cover dividends and sustain its operating capacity. Yet, it has to keep an eye on its interest-sensitive portfolio to improve liquidity. It must be more careful even if its capitalization on earning assets continues to pay off. Meanwhile, investors may enjoy the current stock price that remains undervalued. Company Performance TFS Financial Corporation has not averted the impact of economic downturns. Its growth had been hampered in the last two years. Now that interest and mortgage rates are rising, its portfolio yields higher returns. It appears to be more interest-sensitive, given its high concentration on loans. That is why it increases its capitalization on loans rather than securities. At $102 million, TFS Financial has an 8% year-over-year growth. It is also 10% higher than in 2Q 2022. We can also see that in three quarters, interest income is increasing. So, it is safe to assume that its rebound started in the previous quarter. Indeed, its returns are moving in parallel with the interest and mortgage rates. Its securities increase their value as the interest and mortgage rates increase. Its prudent asset management and portfolio diversification are paying off. But, it must still be careful since a massive chunk of its assets is from mortgage loans. It may be both a primary growth driver and a problem. We will discuss more of this part in the next section. The impact of its strategy also extends to a low-interest expense. In one year, organic loan growth has outpaced deposit growth. That may be the reason for the faster increase in interest income than an expense. Also, there are adjustments in the interest rates in the components of borrowings that have a partial offsetting impact. Given this, the net interest margin is 68% vs 67% in 2Q 2022 and 61% in 3Q 2021. If we disregard loan provisions, it will be higher at 69%. Note that loan provisions may be normalized this year, given the increased interest and mortgage rates. Unlike in the previous year, provisions may be more of an expense than a writeback. Interest Income and Interest Expense (MarketWatch) Meanwhile, the operating margin is almost unchanged. It can be attributed to the increase in labor expenses. The operating capacity is increasing in line with the increase in employees. Another factor that affects the operating margin is provisions. Even so, the actual operating income is an uptrend. If we disregard provisions, the operating margin will be higher at 25% vs 20% in 3Q 2021. Operating Margin (MarketWatch) In the second half, I expect its sustained rebound. I adhere to my projection in my previous article. The quality of its portfolio, especially loans may drive its continued growth. Both loans and deposits are increasing, showing the demand for its products and services. Its efforts and strategies may pay off as TFSL remains sensitive to interest rate changes. Higher interest rates may entice more deposits and investments. Potential Risks And Opportunities TFS Financial Corporation is a durable company in a challenging market landscape. Its viability and stability are evident despite inflationary pressures. Even better, the quality of its earning assets is impressive, which yields more returns. Loans have been expanding due to increased borrowers, interest rates, and mortgage rates. This quarter, their yield is 2.95% vs 2.83% in the previous quarter. Also, 48% of loans are using fixed rates, making them stable amidst interest and mortgage rate changes. Meanwhile, its-bearing liabilities yield 0.98% vs 1%. The decrease may be the reason for lower interest expenses. It is proof that its interest-sensitive assets are yielding more returns in a high-interest environment. Now, the inflation rate is 8.5%, a lull from 9.1% in June. But, the pent-up demand, slow improvement in port congestion, and geopolitical unrest in Europe may cause more changes in the market. As such, I project the inflation rate to peak at 9.6-9.8%. Meanwhile, the interest rate is about to exceed the initial estimation. Last month, the Fed raised the Fed Funds Rate by 75 basis points. That is why borrowers and lenders must watch out for interest rate hikes. Likewise, the mortgage rate is skyrocketing at 5.7%, which is already higher than the initial estimation of 5.1-5.3%. So, it may not be a surprise if the interest and mortgage rate increase to 3-3.4% and 6.8-7%. Inflation Rate, Interest Rate, and Mortgage Rate (MarketWatch) It may be a good opportunity to maintain its current interest-sensitive portfolio. That is why the increase in loans leads to increased returns. Yet, it must be more careful since loans, particularly mortgage loans, comprise 90% of total assets. Also, the loan-to-deposit ratio continues to increase from 138% to 152%. Although it may drive an increase in interest income, it increases the risk in operations. Excessive loans mean lower reserves in case of defaults or delinquencies. Another thing to consider is the lower percentage of cash and investments to borrowings at 24%. Loans, Deposits, and Loan-to-Deposit Ratio (MarketWatch) Cash and Cash Equivalents and Borrowings (MarketWatch) Fortunately, the quality of TFS Financial's loans is impressive. Its loans have a 2.95% yield with only 0.10% average delinquency. Also, almost half of loans are fixed so they are more stable. Note that its loans are backed by collateral although the fair value of assets may either be higher or lower. Many of its loans will also mature this year, which may yield by 3-3.4%. Likewise, its investment securities realize more yields, making its portfolio more durable. Cash levels are increasing as returns increase. Meanwhile, 57% of its borrowings will mature in at least thirteen months. So, it has more time and means to cover them. The economy may stabilize in the following years, making its growth prospects more enticing. Stock Price Assessment The stock price has been in an uptrend in the last month although it has had a slight decline in the last two weeks. At $14.82, it is still 15% lower than the starting price, but it has already increased by 8% from my previous article. It appears expensive as shown by the P/E Ratio. But note that over 80% of the shares are owned by MHC. If we divide the net income by the true common shares, the EPS TTM will increase from $0.24 to $1.16. So, the P/E Ratio will be 12.76. Likewise, the PTBV Ratio will be as low as 0.44 if we use the true common shares to compute the BVPS.

Seeking Alpha • Jun 15

TFS Financial: Buy This 8.3% Yielding Bank At A Steep Discount

TFS Financial is a regional bank offering a greater than 8% dividend yield and which trades for less than half of book value. This value exists primarily because the bank is structured as a mutual holding company "MHC". I see this as a great income stock today with meaningful share price appreciation possibilities as well once the fixed income market turns the corner.

Seeking Alpha • Mar 11

TFS Financial Corporation: Dividend Increase Provides Stable Opportunity

As a result of excellent financial management, the company recently announced an increase in the quarterly cash dividend. The company has drastically reduced operating income since 2017 while at the same time creating a substantial operating income margin, which is good for shareholders. The United States financial services market is one of the most economically stable and profitable industry sectors.

Rendement pour les actionnaires

	TFSL	US Banks	US Marché
7D	5.2%	1.9%	-0.3%
1Y	19.2%	20.9%	26.7%

Rendement vs Industrie: TFSL a dépassé le secteur US Banks qui a rapporté 20.9 % au cours de l'année écoulée.

Rendement vs marché: TFSL a sous-performé le marché US qui a rapporté 26.7 % au cours de l'année écoulée.

Volatilité des prix

Is TFSL's price volatile compared to industry and market?
TFSL volatility
TFSL Average Weekly Movement	3.2%
Banks Industry Average Movement	3.5%
Market Average Movement	7.2%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	3.2%

Cours de l'action stable: TFSL n'a pas connu de volatilité de prix significative au cours des 3 derniers mois par rapport au marché US.

Volatilité au fil du temps: La volatilité hebdomadaire de TFSL ( 3% ) est restée stable au cours de l'année écoulée.

À propos de l'entreprise

Fondée	Salariés	PDG	Site web
1938	958	Marc Stefanski	www.thirdfederal.com

TFS Financial Corporation, par l'intermédiaire de ses filiales, fournit des services bancaires aux particuliers aux États-Unis. La société propose des produits de dépôt, notamment des comptes d'épargne, de marché monétaire, de chèques, de retraite individuelle et d'autres plans qualifiés, ainsi que des certificats de dépôt. Elle propose également des prêts hypothécaires pour l'immobilier résidentiel, des prêts à la construction résidentielle, des prêts hypothécaires à l'achat, des prêts et des lignes de crédit pour l'accession à la propriété, ainsi que des prêts hypothécaires à l'achat et des prêts de refinancement de première hypothèque.

TFS Financial Corporation Résumé des fondamentaux

Comment les bénéfices et les revenus de TFS Financial se comparent-ils à sa capitalisation boursière ?
TFSL statistiques fondamentales
Capitalisation boursière	US$4.30b
Bénéfices(TTM)	US$91.56m
Recettes(TTM)	US$335.00m

47.9x

Ratio P/E

2.3x

Rapport P/B

Le site TFSL est-il surévalué ?

Voir Juste valeur et analyse de l'évaluation

Bénéfices et recettes

Principales statistiques de rentabilité tirées du dernier rapport sur les bénéfices (TTM)
TFSL compte de résultat (TTM)
Recettes	US$335.00m
Coût des recettes	US$0
Marge brute	US$335.00m
Autres dépenses	US$243.44m
Les revenus	US$91.56m

Derniers bénéfices déclarés

Mar 31, 2026

Prochaine date de publication des résultats

s/o

Résultat par action (EPS)	0.33
Marge brute	100.00%
Marge bénéficiaire nette	27.33%
Ratio dettes/capitaux propres	269.0%

Quelles ont été les performances à long terme de TFSL?

Voir les performances historiques et les comparaisons

Dividendes

7.2%

Rendement actuel des dividendes

344%

Ratio de distribution

Analyse de l'entreprise et données financières

Données	Dernière mise à jour (heure UTC)
Analyse de l'entreprise	2026/05/20 19:04
Cours de l'action en fin de journée	2026/05/20 00:00
Les revenus	2026/03/31
Revenus annuels	2025/09/30

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

Paquet	Données	Cadre temporel	Exemple de source américaine ^*
Finances de l'entreprise	10 ans	Compte de résultat Tableau des flux de trésorerie Bilan	Formulaire 10-K de la SEC Formulaire 10-Q de la SEC
Estimations consensuelles des analystes	+3 ans	Prévisions financières Objectifs de prix des analystes	Rapports de recherche des analystes Blue Matrix
Prix du marché	30 ans	Cours des actions Dividendes, scissions et actions	Données de marché ICE Formulaire S-1 de la SEC
Propriété	10 ans	Actionnaires principaux Délits d'initiés	Formulaire 4 de la SEC Formulaire 13D de la SEC
Gestion	10 ans	L'équipe dirigeante Conseil d'administration	Formulaire 10-K de la SEC Formulaire SEC DEF 14A
Principaux développements	10 ans	Annonces de l'entreprise	Formulaire 8-K de la SEC

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés^.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

TFS Financial Corporation est couverte par 3 analystes. 2 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

Analyste	Institution
Damon DelMonte	Keefe, Bruyette, & Woods
Christopher Whitbread Nolan	Maxim Group
Adam Kroll	Piper Sandler Companies

TFS Financial (TFSL) Aperçu de l'action

Récompenses

Analyse des risques

TFS Financial Corporation Concurrents

International Bancshares

Associated Banc-Corp

Texas Capital Bancshares

Independent Bank

Historique des prix et performances

Nouvelles et mises à jour récentes

Independent Director recently bought US$313k worth of stock

TFS Financial Q2 Net Income Reaches US$23.2 Million as Loan Interest Supports Earnings

Second quarter 2026 earnings: Revenues and EPS in line with analyst expectations

First quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2026

Chairman recently sold US$572k worth of stock

Recent updates

Independent Director recently bought US$313k worth of stock

TFS Financial Q2 Net Income Reaches US$23.2 Million as Loan Interest Supports Earnings

Second quarter 2026 earnings: Revenues and EPS in line with analyst expectations

First quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2026

Chairman recently sold US$572k worth of stock

Chairman notifies of intention to sell stock

First quarter 2026 earnings: EPS and revenues miss analyst expectations

TFS Financial Corporation, Annual General Meeting, Feb 26, 2026

Chairman exercised options and sold US$411k worth of stock

Insider recently sold US$283k worth of stock

Fourth quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Dividend, Payable on December 16, 2025

TFS Financial: Huge Bargain At 7x Earnings With An 8%+ Dividend Yield

Full year 2025 earnings: EPS exceeds analyst expectations

Third quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on September 24, 2025

Independent Director recently bought US$500k worth of stock

New major risk - Dividend sustainability

Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat

Insufficient new directors

Second quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on June 24, 2025

Independent Director recently sold US$797k worth of stock

Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat

TFS Financial Corp: A Long Forgotten Second Step Thrift Conversion Can Still Provide Value

Chairman recently sold US$536k worth of stock

Chairman notifies of intention to sell stock

First quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 20, 2025

New minor risk - Insider selling

First quarter 2025 earnings: EPS exceeds analyst expectations

TFS Financial Corporation, Annual General Meeting, Feb 20, 2025

TFS Financial: Prioritizing Stability For Dividend Investors

Fourth quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on December 17, 2024

Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

TFS Financial Corporation Announces the Appointment of Terrence L. Bauer to the Board

New major risk - Dividend sustainability

Third quarter dividend of US$0.28 announced

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on September 24, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

New major risk - Revenue and earnings growth

TFS Financial Stock: Carefully Navigating Uncertain Times

Consensus revenue estimates increase by 11%

Upcoming dividend of US$0.28 per share

TFS Financial Corporation Declares Dividend, Payable on June 25, 2024

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

TFS Financial: An Unreasonably High Price

Upcoming dividend of US$0.28 per share

First quarter dividend of US$0.28 announced

Price target decreased by 9.4% to US$14.50

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 21, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

TFS Financial Corporation Announces Kathleen (Kitty) M. Danckers, to Retire as Chief Risk Officer in June 2024

Price target increased by 14% to US$16.00

TFS Financial Corporation, Annual General Meeting, Feb 22, 2024

Independent Director recently sold US$298k worth of stock

Chairman exercised options to buy US$454k worth of stock.

New minor risk - Insider selling

Upcoming dividend of US$0.28 per share at 8.3% yield

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on December 13, 2023