NASDAQ$TFSL

TFS Financial Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter results, demonstrating loan growth and maintained asset quality.

TFS Financial Corporation reported a net income of $16.1 million for the quarter ended December 31, 2021. The company experienced loan growth of $165 million, maintained strong asset quality, and continued improvement of net interest margin to 1.69%.

  • Reported net income of $16.1 million.
  • Net interest margin improved to 1.69%.
  • Generated $165 million of loan growth.
  • Maintained strong asset quality with a $2 million negative provision for credit losses.

Headline financials

Total Revenue

$66M

Previous: $80.2M-17.7%
EPS (adj)

$0.06

Previous: $0.09-33.3%
Tier 1 leverage ratio

12.7%

Previous: 12.2%+4.7%
Common Equity Tier 1

23.0%

Previous: 22.3%+3.1%
Total capital ratio

23.5%

Previous: 22.9%+2.9%
Net interest margin

1.7%

Previous: 1.7%+1.8%
Capital Expenditures

-$281K

Previous: -$518K+45.8%
Free Cash Flow

$15.9M

Previous: $24.5M-35.2%
Net Income

$16.1M

Previous: $25M-35.4%
Operating Income

$22.7M

Previous: $27.4M-17.2%
Gross Profit

$64M

Previous: $78.2M-18.2%
Cash & Equivalents

$408M

Previous: $500M-18.4%
Total Assets

$14.1B

Previous: $14.6B-3.0%
Stock-Based Comp

$3.1M

Previous: $3.37M-8.1%

Revenue & EPS history

TFS Financial · Revenue · Quarterly

$66M

Q1 2022-17.7%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

TFS Financial · $11.9M total across 4 segments · Q1 2020

  • Other non-interest income
    $5.3M+326.6%
  • Gain on sale of loans
    $2.93M+2535.1%
  • Fees & service charges
    $2.15M+20.8%
  • BOLI benefits
    $1.56M+0.9%

Forward guidance

The company expects to continue to aggressively pursue purchase volume in 2022 with new programs to attract homebuyers, while maintaining their dividend to enhance shareholder value.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.5%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+8.5%

Q2 2020

Best reaction

-5.5%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+2.0%+0.4%+5.9%
Q1 2026-4.1%+0.3%-4.6%
Q4 2025-1.0%+3.8%+7.5%
Q2 2025+1.6%+1.1%-0.1%
Q1 2025+7.3%+7.2%+3.1%
Q4 2024-0.7%-1.5%+9.3%
Q3 2024-1.4%-5.7%-2.0%
Q2 2024+4.3%+9.0%+7.5%
Q1 2024-5.3%-5.3%-9.4%
Q4 2023+5.1%+6.8%+22.7%
Q3 2023+2.7%+5.8%-3.5%
Q2 2023-0.5%-3.9%-5.9%
Q1 2023-1.6%-2.9%-1.5%
Q4 2022+8.2%+6.5%+6.2%
Q3 2022+3.0%+3.1%+3.7%
Q2 2022-0.5%-0.7%-0.7%
Q1 2022-1.0%+0.0%-0.5%
Q4 2021+1.2%+1.5%-2.2%
Q3 2021-0.7%-2.5%+1.4%
Q2 2021-2.2%-2.7%+10.7%
Q1 2021-2.9%-3.0%+7.4%
Q4 2020-0.1%+0.9%+12.7%
Q3 2020+3.5%-1.4%+11.4%
Q2 2020+8.5%+7.6%+8.5%
Q1 2020+3.1%+6.6%+3.1%
Q4 2019-0.1%+1.8%+5.3%
Q3 2019-2.3%-4.2%-3.4%
Q2 2019-0.9%+5.3%+3.9%
Q1 2019-2.7%+0.0%+1.7%
Q4 2018+1.6%+3.2%+7.0%
Q3 2018-5.5%-4.1%-5.2%
Q2 2018-0.7%+1.1%+5.5%
Q1 2018-0.6%+2.9%+0.1%
Q4 2017-3.3%-2.4%-3.1%
Q3 2017+1.2%+2.4%-2.0%
Q2 2017+1.3%+0.1%-4.9%
Q1 2017-4.7%-6.3%-6.2%
Q4 2016+0.3%-0.5%+6.7%
Q3 2016+0.5%-0.6%+1.3%
Q2 2016-1.2%
Q1 2016+1.0%
Q4 2015-0.2%
Q3 2015+1.1%
Q2 2015-2.4%
Q1 2015-0.3%
Q4 2014+2.4%
Q3 2014+0.4%
Q2 2014-0.2%
Q1 2014+0.5%
Q4 2013-1.6%
Q3 2013-0.8%
Q2 2013+1.1%
Q1 2013+2.8%
Q4 2012+0.1%
Q3 2012-0.9%
Q2 2012+0.8%
Q1 2012+0.7%
Q4 2011+2.8%
Q3 2011+1.2%
Q2 2011+1.5%
Q1 2011+2.6%
Q4 2010-3.0%
Q4 2009-0.7%
Q3 2010-0.7%
Q2 2010-4.0%

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