TFS Financial Management

Management criteria checks 4/4

TFS Financial's CEO is Marc Stefanski, appointed in Jan 1997, has a tenure of 27.25 years. total yearly compensation is $4.82M, comprised of 31.1% salary and 68.9% bonuses, including company stock and options. directly owns 0.18% of the company’s shares, worth $5.86M. The average tenure of the management team and the board of directors is 2.3 years and 11.5 years respectively.

Key information

Marc Stefanski

Chief executive officer

US$4.8m

Total compensation

CEO salary percentage	31.1%
CEO tenure	27.3yrs
CEO ownership	0.2%
Management average tenure	2.3yrs
Board average tenure	11.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marc Stefanski's remuneration changed compared to TFS Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$72m
Sep 30 2023	US$5m	US$2m	US$74m
Jun 30 2023	n/a	n/a	US$80m
Mar 31 2023	n/a	n/a	US$79m
Dec 31 2022	n/a	n/a	US$79m
Sep 30 2022	US$5m	US$2m	US$73m
Jun 30 2022	n/a	n/a	US$65m
Mar 31 2022	n/a	n/a	US$64m
Dec 31 2021	n/a	n/a	US$71m
Sep 30 2021	US$5m	US$2m	US$79m
Jun 30 2021	n/a	n/a	US$76m
Mar 31 2021	n/a	n/a	US$87m
Dec 31 2020	n/a	n/a	US$81m
Sep 30 2020	US$5m	US$2m	US$82m
Jun 30 2020	n/a	n/a	US$90m
Mar 31 2020	n/a	n/a	US$81m
Dec 31 2019	n/a	n/a	US$84m
Sep 30 2019	US$5m	US$2m	US$79m
Jun 30 2019	n/a	n/a	US$79m
Mar 31 2019	n/a	n/a	US$82m
Dec 31 2018	n/a	n/a	US$85m
Sep 30 2018	US$4m	US$2m	US$84m
Jun 30 2018	n/a	n/a	US$86m
Mar 31 2018	n/a	n/a	US$88m
Dec 31 2017	n/a	n/a	US$88m
Sep 30 2017	US$4m	US$1m	US$88m

Compensation vs Market: Marc's total compensation ($USD4.82M) is about average for companies of similar size in the US market ($USD6.64M).

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.

CEO

Marc Stefanski (69 yo)

27.3yrs

Tenure

US$4,819,359

Compensation

Mr. Marc A. Stefanski has been the Chairman and Chief Executive Officer of TFS Financial Corporation since 1997 and has been its President since January 2000 and serves as its Director since 1987. He serve...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Marc Stefanski	Chairman	27.3yrs	US$4.82m	0.18% $ 5.9m
Meredith Weil	CFO, Corporate Secretary & Director	less than a year	US$1.73m	0.039% $ 1.3m
Cathy Zbanek	VP & Chief Synergy Officer	no data	US$1.52m	0.044% $ 1.4m
Andrew Rubino	VP & Chief Information Officer of Third Federal Savings and Loan	2.5yrs	US$920.06k	0.013% $ 432.5k
Timothy Mulhern	Chief Innovation Officer	no data	US$926.99k	0.012% $ 383.6k
Susanne Miller	Chief Accounting Officer	3.8yrs	no data	0.015% $ 487.9k
Kathleen Danckers	Chief Risk Officer & Chief Information Security Officer	no data	no data	0.012% $ 384.0k
Bradley Stefanski	Chief Strategy Officer of Third Federal Savings and Loan Association of Cleveland	2.1yrs	no data	no data
Gavin Stefanski	Chief Experience Officer	2.1yrs	no data	no data
Deborah Hand	Chief Credit Officer	no data	no data	no data

2.3yrs

Average Tenure

56yo

Average Age

Experienced Management: TFSL's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Marc Stefanski	Chairman	37.3yrs	US$4.82m	0.18% $ 5.9m
Meredith Weil	CFO, Corporate Secretary & Director	9.9yrs	US$1.73m	0.039% $ 1.3m
William Mulligan	Independent Director	17.3yrs	US$154.32k	0.022% $ 701.5k
Terrence Ozan	Independent Director	13.1yrs	US$146.32k	0.029% $ 960.1k
Paul Stefanik	Director Emeritus	7.8yrs	US$82.58k	no data
John Ringenbach	Independent Director	8.6yrs	US$145.82k	0.017% $ 547.4k
Robert Fiala	Independent Director	19.3yrs	US$150.32k	0.024% $ 783.6k
Martin Cohen	Independent Director	18.3yrs	US$137.82k	0.043% $ 1.4m
Anthony Asher	Independent Director	16yrs	US$133.79k	0.025% $ 810.3k
Ashley Williams	Vice Chairman	5.5yrs	US$181.06k	0.039% $ 1.3m
Barbara Anderson	Independent Director	3.2yrs	US$951.00k	0.0054% $ 176.8k
Daniel Weir	Independent Director	1.8yrs	US$748.50k	0.012% $ 398.6k

11.5yrs

Average Tenure

70.5yo

Average Age

Experienced Board: TFSL's board of directors are seasoned and experienced ( 11.5 years average tenure).

TFS Financial Management

Management criteria checks 4/4

Key information

Recent management updates

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

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.

Chairman exercised options and sold US$446k worth of stock

Chairman exercised options and sold US$317k worth of stock

Recent updates

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

Full year 2023 earnings released: EPS: US$0.27 (vs US$0.26 in FY 2022)

TFS Financial Corporation Declares Quarterly Dividend, Payable on September 26, 2023

Chairman exercised options and sold US$446k worth of stock

Chairman exercised options and sold US$317k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

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

Price target decreased by 8.9% to US$14.13

Independent Director recently bought US$137k worth of stock

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First quarter 2023 earnings: EPS in line with expectations, revenues disappoint

TFS Financial Corporation, Annual General Meeting, Feb 23, 2023

Price target decreased to US$16.00

COO & Director recently sold US$100k worth of stock

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.28 per share

TFS Financial Corporation Declares Quarterly Dividend, Payable on December 13, 2022

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on September 20, 2022

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

Independent Director recently sold US$94k worth of stock

High number of new directors

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

TFS Financial Corporation Appoints Daniel F. Weir to Board

TFS Financial Corporation(NasdaqGS:TFSL) dropped from Russell 1000 Dynamic Index

COO & Director exercised options and sold US$75k worth of stock

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

TFS Financial Corporation Declares Dividend, Payable on June 21, 2022

Price target decreased to US$19.50

Second quarter 2022 earnings: EPS exceeds analyst expectations

COO & Director exercised options and sold US$108k worth of stock

Consensus forecasts updated

TFS Financial Corporation: Dividend Increase Provides Stable Opportunity

TFS Financial Corporation Declares Quarterly Cash Dividend, Payable on March 22, 2022

First quarter 2022 earnings: EPS exceeds analyst expectations

TFS Financial Corporation Announces Resignation of Ben S. Stefanski III, A Director from the Board of Directors

Chairman exercised options and sold US$343k worth of stock

Director recently sold US$51k worth of stock

Full year 2021 earnings released: EPS US$0.29 (vs US$0.30 in FY 2020)

Chairman exercised options and sold US$3.9m worth of stock

Chief Financial Officer notifies of intention to sell stock

Third quarter 2021 earnings released: EPS US$0.058 (vs US$0.096 in 3Q 2020)

TFS Financial Corporation: Decline In Rates Offers Buying Opportunity

Upcoming dividend of US$0.28 per share

TFS Financial Corporation Declares Quarterly Dividend, Payable on June 22, 2021

Second quarter 2021 earnings released: EPS US$0.083 (vs US$0.061 in 2Q 2020)

Chief Financial Officer exercised options and sold US$163k worth of stock

Independent Director recently sold US$320k worth of stock

Independent Director recently sold US$416k worth of stock

Vice President exercised options and sold US$195k worth of stock

Chairman recently sold US$163k worth of stock

New 90-day high: US$19.54

Analysts increase EPS estimates to US$0.28

First quarter 2021 earnings released: EPS US$0.091 (vs US$0.092 in 1Q 2020)

Revenue and earnings beat expectations