Announcement • Jun 29
TFS Financial Corporation(NasdaqGS:TFSL) dropped from Russell 1000 Dynamic Index TFS Financial Corporation(NasdaqGS:TFSL) dropped from Russell 1000 Dynamic Index Declared Dividend • Jun 01
Second quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 10th June 2026 Payment date: 24th June 2026 Dividend yield will be 7.6%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 282% to bring the payout ratio under control. EPS is expected to grow by 8.4% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 29
TFS Financial Corporation Declares Quarterly Dividend, Payable on June 24, 2026 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on June 24, 2026, to stockholders of record on June 10, 2026. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 8 highly experienced directors. Independent Director Terry Bauer was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 27
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 25, 2026 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on March 25, 2026, to stockholders of record on March 11, 2026. Announcement • Jan 15
TFS Financial Corporation, Annual General Meeting, Feb 26, 2026 TFS Financial Corporation, Annual General Meeting, Feb 26, 2026. Location: at the offices of third federal savings and loan, 7007 broadway avenue, ohio 44105, cleveland United States Announcement • Nov 21
TFS Financial Corporation Declares Quarterly Dividend, Payable on December 16, 2025 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on December 16, 2025, to stockholders of record on December 2, 2025. Announcement • May 30
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on June 24, 2025 On May 29, 2025, TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on June 24, 2025, to stockholders of record on June 10, 2025. Announcement • Feb 21
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 20, 2025 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on March 20, 2025, to stockholders of record on March 6, 2025. Announcement • Jan 13
TFS Financial Corporation, Annual General Meeting, Feb 20, 2025 TFS Financial Corporation, Annual General Meeting, Feb 20, 2025. Location: at the offices of third federal savings and loan, 7007 broadway avenue, ohio 44105, cleveland United States Announcement • Nov 22
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on December 17, 2024 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on December 17, 2024, to stockholders of record on December 3, 2024. Reported Earnings • Nov 03
Full year 2024 earnings released: EPS: US$0.29 (vs US$0.27 in FY 2023) Full year 2024 results: EPS: US$0.29 (up from US$0.27 in FY 2023). Revenue: US$304.7m (flat on FY 2023). Net income: US$79.6m (up 8.0% from FY 2023). Profit margin: 26% (up from 24% in FY 2023). Net interest margin (NIM): 1.69% (down from 1.80% in FY 2023). Non-performing loans: 0.22% (up from 0.21% in FY 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 25
TFS Financial Corporation Announces the Appointment of Terrence L. Bauer to the Board On October 24, 2024, TFS Financial Corporation appointed Terrence L. Bauer to fill the vacant board position created by the Bylaw amendment described. Mr. Bauer has more than three decades of experience in executive leadership roles in both entrepreneurial and established companies. He currently serves as Chief Executive Officer of Specialdocs Consultants, a role he has held since 2016. As CEO, Mr. Bauer drives growth and long-term strategic planning for the company and its medical practice clients, while navigating the competitive US healthcare system. New Risk • Oct 02
New major risk - Dividend sustainability The dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 395% Payout ratio in 3 years: 411% Current dividend yield: 9.0% This is considered a major risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings. It is also not forecast to be well covered by earnings in 3 years. Payout ratio: 395% Payout ratio in 3 years: 411% Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€730k sold). Declared Dividend • Sep 02
Third quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 10th September 2024 Payment date: 24th September 2024 Dividend yield will be 8.8%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 339% to bring the payout ratio under control. However, EPS is expected to decline by 6.5% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Aug 30
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on September 24, 2024 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on September 24, 2024, to stockholders of record on September 10, 2024. Reported Earnings • Jul 31
Third quarter 2024 earnings released: EPS: US$0.072 (vs US$0.062 in 3Q 2023) Third quarter 2024 results: EPS: US$0.072 (up from US$0.062 in 3Q 2023). Revenue: US$76.0m (up 1.9% from 3Q 2023). Net income: US$20.0m (up 16% from 3Q 2023). Profit margin: 26% (up from 23% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Jul 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (407% payout ratio). Significant insider selling over the past 3 months (€431k sold). Announcement • May 31
TFS Financial Corporation Declares Dividend, Payable on June 25, 2024 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on June 25, 2024, to stockholders of record on June 11, 2024. New Risk • May 03
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (408% payout ratio). New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.5% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (204% payout ratio). Reported Earnings • May 01
Second quarter 2024 earnings released: EPS: US$0.074 (vs US$0.056 in 2Q 2023) Second quarter 2024 results: EPS: US$0.074 (up from US$0.056 in 2Q 2023). Revenue: US$78.1m (up 3.3% from 2Q 2023). Net income: US$20.7m (up 33% from 2Q 2023). Profit margin: 27% (up from 21% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Declared Dividend • Mar 04
First quarter dividend of US$0.28 announced Shareholders will receive a dividend of US$0.28. Ex-date: 6th March 2024 Payment date: 21st March 2024 Dividend yield will be 9.0%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 383% to bring the payout ratio under control. However, EPS is expected to decline by 4.4% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Feb 23
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 21, 2024 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on March 21, 2024, to stockholders of record on March 7, 2024. Reported Earnings • Jan 31
First quarter 2024 earnings released: EPS: US$0.075 (vs US$0.079 in 1Q 2023) First quarter 2024 results: EPS: US$0.075 (down from US$0.079 in 1Q 2023). Revenue: US$76.4m (down 6.0% from 1Q 2023). Net income: US$20.7m (down 5.0% from 1Q 2023). Profit margin: 27% (in line with 1Q 2023). Revenue is expected to decline by 1.6% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jan 31
TFS Financial Corporation Announces Kathleen (Kitty) M. Danckers, to Retire as Chief Risk Officer in June 2024 Kathleen (Kitty) M. Danckers, the Chief Risk Officer for TFS Financial Corporation, announced that she will be retiring from employment in June 2024. Deborah Hand, who has been with the Association since 2008 and currently serves as Chief Credit Officer, will become the new Chief Risk Officer at that time. Announcement • Jan 11
TFS Financial Corporation, Annual General Meeting, Feb 22, 2024 TFS Financial Corporation, Annual General Meeting, Feb 22, 2024, at 09:00 US Eastern Standard Time. Location: the offices of Third Federal Savings and Loan, 7007 Broadway Avenue, Cleveland, Ohio 44105, Ohio United States Agenda: To discuss elect three directors, each to hold office for a three-year term and until his or her successor has been duly elected and qualified; to discuss an advisory vote on the compensation of named executive officers; to ratify the selection of Deloitte & Touche LLP as the Company’s independent accountant for the Company’s fiscal year ending September 30, 2024; and to transact all other business that properly comes before the meeting. New Risk • Dec 08
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €306k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (425% payout ratio). Significant insider selling over the past 3 months (€306k sold). Upcoming Dividend • Nov 21
Upcoming dividend of US$0.28 per share at 8.3% yield Eligible shareholders must have bought the stock before 28 November 2023. Payment date: 13 December 2023. Trailing yield: 8.3%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (6.4%). Announcement • Nov 17
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on December 13, 2023 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on December 13, 2023, to stockholders of record on November 29, 2023. Reported Earnings • Oct 27
Full year 2023 earnings released: EPS: US$0.27 (vs US$0.26 in FY 2022) Full year 2023 results: EPS: US$0.27 (up from US$0.26 in FY 2022). Revenue: US$306.5m (up 5.6% from FY 2022). Net income: US$75.3m (up 3.0% from FY 2022). Profit margin: 25% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Sep 01
TFS Financial Corporation Declares Quarterly Dividend, Payable on September 26, 2023 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on September 26, 2023, to stockholders of record on September 12, 2023. Reported Earnings • Jul 28
Third quarter 2023 earnings released: EPS: US$0.063 (vs US$0.06 in 3Q 2022) Third quarter 2023 results: EPS: US$0.063 (up from US$0.06 in 3Q 2022). Revenue: US$74.6m (up 2.3% from 3Q 2022). Net income: US$17.6m (up 4.9% from 3Q 2022). Profit margin: 24% (in line with 3Q 2022). Revenue is expected to decline by 9.7% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Germany are expected to grow by 8.3%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 19
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on June 13, 2023 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on June 13, 2023, to stockholders of record on May 30, 2023. Recent Insider Transactions • May 05
Independent Director recently bought €125k worth of stock On the 2nd of May, Daniel Weir bought around 12k shares on-market at roughly €10.84 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €46k more in shares than they bought in the last 12 months. Reported Earnings • Apr 30
Second quarter 2023 earnings released: EPS: US$0.057 (vs US$0.056 in 2Q 2022) Second quarter 2023 results: EPS: US$0.057 (up from US$0.056 in 2Q 2022). Revenue: US$75.6m (up 9.0% from 2Q 2022). Net income: US$15.9m (up 2.8% from 2Q 2022). Profit margin: 21% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jan 27
First quarter 2023 earnings released: EPS: US$0.08 (vs US$0.057 in 1Q 2022) First quarter 2023 results: EPS: US$0.08 (up from US$0.057 in 1Q 2022). Revenue: US$81.3m (up 20% from 1Q 2022). Net income: US$22.2m (up 41% from 1Q 2022). Profit margin: 27% (up from 23% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.1% growth forecast for the Mortgage industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jan 12
TFS Financial Corporation, Annual General Meeting, Feb 23, 2023 TFS Financial Corporation, Annual General Meeting, Feb 23, 2023, at 09:00 US Eastern Standard Time. Location: The offices of Third Federal Savings and Loan 7007 Broadway Avenue Cleveland Ohio United States Agenda: To consider the election of four directors; to consider an advisory vote on the compensation of the company's named executive officers; and to ratify the selection of Deloitte & Touche LLP as the Company’s independent accountant for the Company’s fiscal year ending September 30, 2023. Recent Insider Transactions • Dec 10
COO & Director recently sold €95k worth of stock On the 8th of December, Meredith Weil sold around 7k shares on-market at roughly €13.22 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Meredith's only on-market trade for the last 12 months. Reported Earnings • Nov 24
Full year 2022 earnings released: EPS: US$0.26 (vs US$0.29 in FY 2021) Full year 2022 results: EPS: US$0.26 (down from US$0.29 in FY 2021). Revenue: US$290.2m (down 1.9% from FY 2021). Net income: US$73.1m (down 8.1% from FY 2021). Profit margin: 25% (down from 27% in FY 2021). Net interest margin (NIM): 1.88% (up from 1.66% in FY 2021). Cost-to-income ratio: 68.0% (down from 68.3% in FY 2021). Non-performing loans: 0.25% (down from 0.35% in FY 2021). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Mortgage industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Nov 21
Upcoming dividend of US$0.28 per share Eligible shareholders must have bought the stock before 28 November 2022. Payment date: 13 December 2022. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (6.5%). Announcement • Nov 16
TFS Financial Corporation Declares Quarterly Dividend, Payable on December 13, 2022 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on December 13, 2022, to stockholders of record on November 29, 2022. Reported Earnings • Oct 30
Full year 2022 earnings released: EPS: US$0.27 (vs US$0.29 in FY 2021) Full year 2022 results: EPS: US$0.27 (down from US$0.29 in FY 2021). Revenue: US$290.2m (down 1.9% from FY 2021). Net income: US$74.6m (down 6.2% from FY 2021). Profit margin: 26% (down from 27% in FY 2021). Net interest margin (NIM): 1.88% (up from 1.66% in FY 2021). Non-performing loans: 0.25% (down from 0.35% in FY 2021). Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Mortgage industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. Announcement • Aug 26
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2022 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on September 20, 2022, to stockholders of record on September 6, 2022. Recent Insider Transactions • Aug 24
Independent Director recently sold €94k worth of stock On the 22nd of August, Martin Cohen sold around 6k shares on-market at roughly €14.99 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €73k more than they bought in the last 12 months. Board Change • Jul 31
High number of new directors Director Daniel Weir was the last director to join the board, commencing their role in 2022. Reported Earnings • Jul 30
Third quarter 2022 earnings released: EPS: US$0.062 (vs US$0.056 in 3Q 2021) Third quarter 2022 results: EPS: US$0.062 (up from US$0.056 in 3Q 2021). Revenue: US$73.0m (up 8.1% from 3Q 2021). Net income: US$17.1m (up 9.8% from 3Q 2021). Profit margin: 24% (in line with 3Q 2021). Over the next year, revenue is expected to shrink by 3.2% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jul 02
TFS Financial Corporation Appoints Daniel F. Weir to Board TFS Financial Corporation appointed Daniel F. Weir to fill the vacant board position created by the Bylaw amendment. Mr. Weir has more than 30 years of banking experience, most recently serving as a member of the management team at Third Federal Savings and Loan Association of Cleveland, the primary operating subsidiary of the Company, until his retirement in 2005. He is a past member of the Board of Trustees for the Urban Community School in Cleveland, and is a past member of the Board of Directors and Treasurer for the Naples Press Club of Southwest Florida. Announcement • Jun 26
TFS Financial Corporation(NasdaqGS:TFSL) dropped from Russell 1000 Dynamic Index TFS Financial Corporation(NasdaqGS:TFSL) dropped from Russell 1000 Dynamic Index Announcement • May 27
TFS Financial Corporation Declares Dividend, Payable on June 21, 2022 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on June 21, 2022, to stockholders of record on June 7, 2022. Reported Earnings • May 01
Second quarter 2022 earnings released: EPS: US$0.057 (vs US$0.082 in 2Q 2021) Second quarter 2022 results: EPS: US$0.057 (down from US$0.082 in 2Q 2021). Revenue: US$69.3m (down 11% from 2Q 2021). Net income: US$15.8m (down 30% from 2Q 2021). Profit margin: 23% (down from 29% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Announcement • Feb 25
TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 22, 2022 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.2825 per share, payable on March 22, 2022, to stockholders of record on March 8, 2022. Announcement • Jan 30
TFS Financial Corporation Announces Resignation of Ben S. Stefanski III, A Director from the Board of Directors Ben S. Stefanski III, a director of the TFS Financial Corporation, has announced his resignation from the Board of Directors effective January 27, 2022. The organization is grateful to Mr. Stefanski for his years of service and contributions to the Company as both a board member and as an executive officer. His position on the Board is not expected to be filled. Reported Earnings • Jan 29
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: US$0.058 (down from US$0.089 in 1Q 2021). Revenue: US$68.0m (down 17% from 1Q 2021). Net income: US$16.1m (down 34% from 1Q 2021). Profit margin: 24% (down from 30% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 11% compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Oct 30
Full year 2021 earnings released: EPS US$0.29 (vs US$0.30 in FY 2020) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2021 results: Revenue: US$295.9m (up 1.2% from FY 2020). Net income: US$81.0m (flat on FY 2020). Profit margin: 27% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Jul 30
Third quarter 2021 earnings released: EPS US$0.058 (vs US$0.096 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$67.5m (down 14% from 3Q 2020). Net income: US$16.0m (down 40% from 3Q 2020). Profit margin: 24% (down from 34% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 28
TFS Financial Corporation Declares Quarterly Dividend, Payable on June 22, 2021 TFS Financial Corporation announced that the Board of Directors declared a quarterly cash dividend of $0.28 per share, payable on June 22, 2021, to stockholders of record on June 8, 2021. Reported Earnings • May 01
Second quarter 2021 earnings released: EPS US$0.083 (vs US$0.061 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$78.1m (up 15% from 2Q 2020). Net income: US$23.0m (up 36% from 2Q 2020). Profit margin: 30% (up from 25% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 16
Independent Director recently sold €268k worth of stock On the 12th of March, Robert Fiala sold around 15k shares on-market at roughly €17.86 per share. In the last 3 months, there was an even bigger sale from another insider worth €349k. Insiders have been net sellers, collectively disposing of €622k more than they bought in the last 12 months. Recent Insider Transactions • Mar 06
Independent Director recently sold €349k worth of stock On the 5th of March, William Mulligan sold around 20k shares on-market at roughly €17.46 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €354k more than they bought in the last 12 months. Is New 90 Day High Low • Feb 23
New 90-day high: €16.50 The company is up 10.0% from its price of €15.00 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 2.0% over the same period. Reported Earnings • Feb 12
First quarter 2021 earnings released: EPS US$0.089 (vs US$0.092 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: US$82.2m (up 3.9% from 1Q 2020). Net income: US$24.6m (down 2.5% from 1Q 2020). Profit margin: 30% (down from 32% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jan 30
First quarter 2021 earnings released: EPS US$0.091 (vs US$0.092 in 1Q 2020) The company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: US$82.2m (up 3.9% from 1Q 2020). Net income: US$25.0m (flat on 1Q 2020). Profit margin: 30% (down from 32% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jan 16
TFS Financial Corporation, Annual General Meeting, Feb 25, 2021 TFS Financial Corporation, Annual General Meeting, Feb 25, 2021, at 09:00 US Eastern Standard Time. Agenda: To consider election of directors; To consider advisory vote on executive compensation; and To consider ratification of the Selection of Deloitte & Touche LLP as the Company's Independent Accountant. Is New 90 Day High Low • Jan 08
New 90-day high: €15.40 The company is up 12% from its price of €13.80 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 23% over the same period. Reported Earnings • Nov 26
Full year 2020 earnings released: EPS US$0.30 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$292.5m (down 1.1% from FY 2019). Net income: US$81.7m (up 3.8% from FY 2019). Profit margin: 28% (up from 27% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 24
Upcoming Dividend of US$0.28 Per Share Will be paid on the 15th of December to those who are registered shareholders by the 30th of November. The trailing yield of 6.6% is in the top quartile of German dividend payers (3.6%), and it is higher than industry peers (5.1%). Is New 90 Day High Low • Nov 11
New 90-day high: €13.90 The company is up 6.0% from its price of €13.10 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Mortgage industry, which is up 12% over the same period. Reported Earnings • Oct 30
Full year earnings released - EPS €0.30 Over the last 12 months the company has reported total profits of US$83.3m, up 5.8% from the prior year. Total revenue was US$292.5m over the last 12 months, down 1.2% from the prior year. Profit margins were 28%, which is higher than the 27% margin from last year. The increase in margin was driven by lower expenses. Is New 90 Day High Low • Oct 08
New 90-day high: €13.50 The company is up 15% from its price of €11.70 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 6.0% over the same period.