TFSL on Nasdaq

TFS Financial CORP

TFS Financial CORP is an American savings institution company based in Cleveland.1 Its shares trade on Nasdaq under the symbol TFSL.1

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Last updated Oct 20, 2026.

Overview

$91.0MNet income, fiscal 20252

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  • TickerTFSL on Nasdaq1
  • IndustrySavings Institution, Federally Chartered1
  • HeadquartersCleveland, Ohio1
  • Incorporated inDE3
  • Business address7007 Broadway Avenue, Cleveland, Oh 441053
  • Filer categoryLarge accelerated filer3

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These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events:5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.8%Return on equity2
$71.0MFree cash flow2

Financial statements

Net income6789102$91.0M in 2025+7% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $85.4M$85.4M20182019: $80.2M$80.2M2019−6%2020: $83.3M$83.3M2020+4%2021: $81.0M$81.0M2021−3%2022: $74.6M$74.6M2022−8%2023: $75.2M$75.2M2023+1%2024: $79.6M$79.6M2024+6%2025: $91.0M$91.0M2025+14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-09-302024-09-302023-09-30
Loans, including fees$706.5M$663.7M$565.6M
Investment securities available for sale$18.7M$18.2M$14.4M
Other interest and dividend earning assets$38.0M$52.2M$31.9M
Interest income$763.2M$734.1M$611.9M
Deposits$308.8M$292.7M$174.2M
Borrowed funds$161.7M$162.9M$154.2M
Interest expense$470.5M$455.6M$328.4M
Net interest income$292.7M$278.5M$283.6M
Financing Receivable, Credit Loss, Expense (Reversal)$2.5M-$1.5M-$1.5M
Net interest income after provision for loan losses$290.2M$280.0M$285.1M
Net gain on the sale of loans$5.3M$2.7M$498.0K
Increase in and death benefits from bank owned life insurance contracts$10.7M$10.0M$9.4M
Other$3.2M$3.9M$3.7M
Non-interest income$28.8M$24.7M$21.4M
Salaries and employee benefits$109.5M$107.8M$112.8M
Marketing services$18.6M$19.7M$25.3M
Office property, equipment and software$29.4M$28.3M$27.7M
Federal insurance premium and assessments$14.2M$14.6M$13.5M
State franchise tax$4.6M$4.7M$4.9M
Other expenses$28.0M$29.2M$29.0M
Total non-interest expense$204.3M$204.3M$213.1M
Income tax expense$23.8M$20.7M$18.1M
Net income$91.0M$79.6M$75.2M
Earnings per share - Basic$0.32$0.28$0.27
Earnings per share - Diluted$0.32$0.28$0.26
Basic278.7M shares278.2M shares277.4M shares
Diluted279.8M shares279.1M shares278.6M shares
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest$114.7M$100.3M$93.4M

Compare TFS Financial CORP with another company

Corporate structure

TFS Financial CORP sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • TFS Financial CORP Cleveland, Ohio
    • FBE, Inc. Subsidiary · Ohio, United States
    • Third Cap Associates, Inc. Subsidiary · Ohio, United States
    • Third Capital, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TFS Financial CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$156.4M2 Sep 30, 2025$146.6M2 Sep 30, 2024+6.7%
Accumulated depreciation$116.4M2 Sep 30, 2025$113.5M2 Sep 30, 2024+2.6%
Property and equipment, net$40.0M2 Sep 30, 2025$33.2M2 Sep 30, 2024+20.6%
Operating-lease assets (leased space)$17.5M2 Sep 30, 2025$17.8M2 Sep 30, 2024−2.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$429.4M2 Sep 30, 2025$463.7M2 Sep 30, 2024−7.4%
Debt securities available for sale$520.7M2 Sep 30, 2025$526.3M2 Sep 30, 2024−1.1%
Loans, net of allowance$15.7B2 Sep 30, 2025$15.3B2 Sep 30, 2024+2.2%

Properties, in its own words

We operate from our main office in Cleveland, Ohio, our 36 full-service branch offices located in Ohio and Florida and our two loan production offices located in Ohio. Our branch offices are located in the Ohio counties of Cuyahoga, Lake, Lorain, Medina and Summit and in the Florida counties of Broward, Collier, Hillsborough, Lee, Palm Beach, Pasco, Pinellas and Sarasota. Our loan production offices are located in the Ohio counties of Butler and Delaware. The Company owns the building in which its home office and executive offices are located, and six other office locations. Additional information regarding the Company's owned facilities and leased locations can be found within Notes: 7. PREMISES, EQUIPMENT AND SOFTWARE and 8. LEASES, respectfully, in the NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

Item 2 of the 10-K filed Nov 25, 2025.5

Leadership

Who has led TFS Financial CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Marc A. Stefanski2007–now

Chair

  1. Marc A. Stefanski2007–now

President

  1. Marc A. Stefanski2007–now

Chief financial officer

  1. David S. Huffman2007–2018
  2. Paul J. Huml2018–2022
  3. Timothy W. Mulhern2021–2023
  4. Meredith S. Weil2024–now

Chief operating officer

  1. John Ringenbach2007–2011
  2. Paul J. Huml2007–2018
  3. Meredith S. Weil2012–2023
  4. Andrew James Rubino2025–now
2010201520202025
Board members and other officers (36)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • FBE, Inc. Ohio***4
  • Third Cap Associates, Inc. Ohio**4
  • Third Capital, Inc. Delaware*4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 24, 20268-K Bylaws or fiscal year changed58
  2. Aug 27, 20268-K Other events59
  3. Jul 30, 20268-K Results of operations; Other events60
  4. Jul 7, 20268-K Other events61
  5. May 28, 20268-K Executive or director change; Bylaws or fiscal year changed; Other events62
  6. May 26, 20268-K Other events63
  7. Apr 30, 20268-K Results of operations64
  8. Apr 2, 20268-K Executive or director change65
  9. Feb 26, 20268-K Other events66
  10. Feb 26, 20268-K Shareholder vote67
  11. Feb 5, 20268-K Results of operations68
  12. Jan 29, 20268-K Results of operations69
  13. Feb 12, 2007New chief executive Marc A. Stefanski becomes CEO15

Calendar

Coming up

  1. Oct 29, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Oct 30, 2025.70

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results60
  2. Apr 30, 2026Reported quarterly or annual results64
  3. Feb 5, 2026Reported quarterly or annual results68
  4. Jan 29, 2026Reported quarterly or annual results69
  5. Oct 30, 2025Reported quarterly or annual results71
  6. Jul 30, 2025Reported quarterly or annual results72
  7. Apr 30, 2025Reported quarterly or annual results73
  8. Jan 30, 2025Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

477 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 63 major events, 319 insider forms, 74 other. The latest 20:

  1. Sep 24, 20268-K EDGAR
  2. Sep 15, 20264 EDGAR
  3. Sep 10, 2026144 EDGAR
  4. Sep 10, 20264 EDGAR
  5. Sep 10, 20264 EDGAR
  6. Sep 4, 2026144 EDGAR
  7. Sep 4, 2026144 EDGAR
  8. Sep 4, 20264 EDGAR
  9. Sep 3, 2026144 EDGAR
  10. Sep 1, 20264 EDGAR
  11. Aug 31, 20264 EDGAR
  12. Aug 28, 2026144 EDGAR
  13. Aug 28, 2026144 EDGAR
  14. Aug 27, 20268-K EDGAR
  15. Aug 14, 20264 EDGAR
  16. Aug 7, 20264 EDGAR
  17. Aug 6, 202610-Q EDGAR
  18. Aug 5, 2026144 EDGAR
  19. Jul 30, 20268-K EDGAR
  20. Jul 7, 20268-K EDGAR

The 477 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

90 open-market trades by officers, directors and large owners since October 2021: 11 buys and 79 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 11, 2026Stefanski Bradley TChief Strategy OfficerSale10,000$16.94$169.4KForm 4
Sep 8, 2026Williams Ashley HDirectorSale10,000$17.28$172.8KForm 4
Sep 8, 2026Stefanski Marc AChairman, President and CEOSale10,000$17.28$172.8KForm 4
Sep 3, 2026WEIL MEREDITH SChief Financial OfficerSale5,861$17.53$102.7KForm 4
Aug 31, 2026Anderson Barbara J.DirectorSale6,100$17.83$108.8KForm 4
Aug 28, 2026WEIL MEREDITH SChief Financial OfficerSale600$18.00$10.8KForm 4
Aug 5, 2026Stefanski Gavin BChief Experience OfficerSale6,500$18.35$119.3KForm 4
Jun 11, 2026WEIL MEREDITH SChief Financial OfficerSale4,316$16.80$72.5KForm 4
Jun 2, 2026WEIL MEREDITH SChief Financial OfficerSale4,105$15.91$65.3KForm 4
May 29, 2026Weir Daniel FDirectorBuy7,000$15.85$111.0KForm 4
May 26, 2026Rubino Andrew JChief Operating OfficerSale594$16.09$9.6KForm 4
May 18, 2026Zbanek Cathy WChief Synergy OfficerSale10,000$15.26$152.6KForm 4
May 14, 2026Weir Daniel FDirectorBuy7,000$15.02$105.1KForm 4
May 12, 2026Weir Daniel FDirectorBuy21,000$14.91$313.1KForm 4
May 11, 2026WEIL MEREDITH SChief Financial OfficerSale13,756$14.91$205.1KForm 4
May 6, 2026Rubino Andrew JChief Operating OfficerSale6,600$15.18$100.2KForm 4
Mar 12, 2026Asher Anthony JDirectorBuy5,000$13.37$66.8KForm 4
Feb 20, 2026Stefanski Gavin BChief Experience OfficerSale7,000$14.97$104.8KForm 4
Feb 17, 2026Stefanski Marc AChairman, President and CEOSale36,844$15.12$557.1KForm 4
Feb 13, 2026Stefanski Marc AChairman, President and CEOSale1,000$15.00$15.0KForm 4

All 90 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Marc A. Stefanski,71$1.5M$5.2M75
2025Meredith S. Weil,59$586.1K$1.9M75
2025Cathy W. Zbanek,$496.1K$1.6M75
2025Andrew J. Rubino,$390.3K$1.1M75
2025Bradley T. Stefanski,$321.7K$930.4K75
2024President and Chief$1.5M$4.7M75
2024Chief Financial Officer$575.0K$1.7M75
2024Chief Synergy Officer$485.0K$1.5M75
2024Chief Operating Officer$340.0K$993.0K75
2024Chief Strategy Officer$240.1K$737.8K75
2023Executive Officer$1.5M$4.8M75
2023Chief Financial Officer$570.4K$1.7M75
2023Chief Synergy Officer$481.3K$1.5M75
2023Chief Operating Officer$330.0K$920.1K75
2023Chief Strategy Officer$235.2K$510.8K75

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,916,394$69.4M0.0%+168,868
Dimensional Fund Advisors LP2,962,855$52.5M0.0%−120,937
Vanguard Capital Management LLC2,443,618$43.3M0.0%+88,617
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,413,092$42.8M0.1%+97,011
Renaissance Technologies LLC2,384,391$42.3M0.1%−165,100
Vanguard Portfolio Management LLC2,284,772$40.5M0.0%−2,617
State Street Corp2,256,225$40.0M0.0%−105,856
Lakewood Capital Management, LP2,070,382$36.7M1.9%−765,000
Bank of New York Mellon Corp1,872,255$33.2M0.0%+3,635
Cramer Rosenthal Mcglynn LLC1,162,917$20.6M1.0%−14,721
Geode Capital Management, LLC1,156,411$20.5M0.0%−16,482
Bank Of America Corp /de/881,292$15.6M0.0%−128,017
Morgan Stanley742,813$13.2M0.0%−53,760
Squarepoint Ops LLC674,075$11.9M0.0%+225,361
Gator Capital Management, LLC556,030$9.9M2.1%−131,770
Two Sigma Investments, LP496,877$8.8M0.0%+174,493
Quantinno Capital Management LP484,333$8.6M0.0%+79,011
UBS Group AG437,238$7.7M0.0%−248,533
Exchange Traded Concepts, LLC396,738$7.0M0.0%New
Beverly Hills Private Wealth, LLC374,186$6.6M1.3%+47,354
Schonfeld Strategic Advisors LLC339,081$6.0M0.0%+65,700
Vanguard Fiduciary Trust Co327,788$5.8M0.0%+4,427
Charles Schwab Investment Management Inc306,486$5.4M0.0%−3,902
Northern Trust Corp290,080$5.1M0.0%+41,708
Nuveen, LLC248,974$4.4M0.0%+82,350

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How TFS Financial CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTFS Financial CORP1
  • CIK0001381668
  • Employer ID (EIN)52-20549485
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inUnited States of America5
  • Fiscal year endsSeptember 301
  • Industry code (SIC)6035 Savings Institution, Federally Chartered1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address7007 Broadway Avenue, Cleveland, OH 441051
  • Phone(216) 441-60001
  • Shares outstanding280,442,755 as of Aug 4, 202613
  • Public float$647.7M as of Mar 31, 20255
  • AuditorDeloitte & Touche LLP, Cleveland, Ohio PCAOB ID 34; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceDec 12, 20061
  • Filings1,377 in all: 4 (844), 8-K (226), 10-Q (60), 144 (53), 3 (42), DEF 14A (20), 10-K (19), 11-K (18)1
    All 31 form types

    DEFA14A (18), UPLOAD (17), 4/A (16), CORRESP (15), ARS (7), 424B3 (2), S-1/A (2), S-8 (2), SE (2), 10-Q/A (1), 11-K/A (1), 144/A (1), 3/A (1), 5 (1), 8-A12B (1), 8-K/A (1), CERTNAS (1), DEFR14A (1), DEFR14C (1), EFFECT (1), POS EX (1), S-1 (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Jan 14, 2026
    Latest 8-K (8-K) Sep 24, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareTFSLThe NASDAQ Stock Market, LLC

From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks TFS Financial CORP names in Item 1A of its 10-K filed Nov 25, 2025: 42 risks under these headings, as written.5

  • Risks Related to Economic Conditions
  • A worsening of economic conditions could reduce demand for our products and services and/or result in increases in our level of non-performing loans, which could have an adverse effect on our results of operations.
  • Significant changes to the size, structure, powers and operations of the federal government, changes to U.S. economic policies, and uncertainties regarding the potential for these changes may cause economic disruptions that could, in turn, adversely impact our business, results of operations and financial condition.
  • Inflation can have an adverse impact on our business and on our customers.
  • Risks Related to Market Interest Rates
  • Future changes in interest rates could reduce our net income.
  • Hedging against interest rate risk exposure may adversely affect our earnings.
  • Risks Related to Laws and Regulations
  • Changes in laws and regulations and the cost of compliance with new laws and regulations may adversely affect our operations and our income.
  • We are subject to stringent capital requirements, which may adversely impact our return on equity, require us to raise additional capital, or limit our ability to pay dividends or repurchase shares.
  • The FRS may require the Company to commit capital resources to support the Association, and we may not have sufficient access to such capital resources.
  • Monetary policies and regulations of the FRS could adversely affect our business, financial condition and results of operations.
The other 33 risks
  • We may be required to raise additional capital in the future, but that capital may not be available when it is needed, or it may only be available on unfavorable terms, which could adversely affect our financial condition and results of operations.
  • We may become subject to enforcement actions even though noncompliance was inadvertent or unintentional.
  • Risks Related to our Lending Activities
  • Our lending activities provide lower interest rate returns than financial institutions that originate more commercial loans.
  • Our business may be adversely affected by credit risk associated with residential property.
  • Secondary mortgage market conditions could have a material impact on our financial condition and results of operations.
  • If we are required to repurchase mortgage loans that we have previously sold, it would negatively affect our earnings.
  • If our allowance for credit losses is not sufficient to cover actual loan losses, our earnings would decrease.
  • The foreclosure process may adversely impact our recoveries on non-performing loans.
  • Risks Related to Competitive Matters
  • Strong competition within our market areas may limit our growth and profitability.
  • We continually encounter technological change, and may have fewer resources than many of our larger competitors to continue to invest in technological improvements.
  • Risks Related to Our Operations
  • Cyber-attacks, other security breaches or failure or interruption of information systems could adversely affect our operations, net income or reputation.
  • Customer or associate fraud subjects us to additional operational risks.
  • If our enterprise risk management framework is not effective at mitigating risk and loss to us, we could suffer unexpected losses and our results of operations could be materially adversely affected.
  • Our operations rely on numerous external vendors.
  • Our board of directors relies to a large degree on management and outside consultants in overseeing cybersecurity risk management.
  • Our funding sources may prove insufficient to replace deposits at maturity and support our future growth. A lack of liquidity could adversely affect our financial condition and results of operations and result in regulatory limits being placed on us.
  • Potential complications with the implementation of our new core banking system could have an adverse effect on our business and operations.
  • Recently we have held larger levels of certificates of deposit, which has increased our cost of funds and could continue to do so in the future.
  • The soundness of other financial institutions could adversely affect us.
  • Risk Related to Our Corporate Structure
  • Our sources of funds are limited because of our holding company structure.
  • Restrictions on our ability to pay dividends to stockholders could adversely affect the value of our common stock.
  • Public stockholders own a minority of the outstanding shares of our common stock and are not able to exercise voting control over most matters put to a vote of stockholders.
  • Risks Related to Accounting Matters
  • Changes in management’s estimates and assumptions may have a material impact on our consolidated financial statements and on our financial condition and/or operating results.
  • Changes in accounting standards could affect reported earnings.
  • Other Risks Related to Our Business
  • Hurricanes or other adverse weather events could negatively affect the economy in our Florida market area or cause disruptions to our branch office locations, which could have an adverse effect on our business or results of operations.
  • We are subject to environmental liability risk associated with lending activities or properties we own.
  • Societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.
  • Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially adversely affect our performance.
  • A protracted government shutdown may result in reduced loan originations and related gains on sales and could negatively affect our financial condition and results of operations.
  • Fraud by merchants or others could have a material adverse effect on our business and financial condition.
  • The potential for fraud in the card payment industry is significant and could adversely affect our business and results of operations.
  • The grant of bank charters and special purpose fintech charters by the OCC to fintech companies could present financial risk and market risk to us generally and the payments processing business specifically.
  • We face funds transfer and payments-related risks.

Legal proceedings

The Company and its subsidiaries are subject to various legal actions arising in the normal course of business. In the opinion of management, the resolution of these legal actions is not expected to have a material adverse effect on the Company’s consolidated financial condition, results of operation, or statements of cash flows.

The opening of Item 3, Legal Proceedings.5

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