NASDAQ$TFSL
TFS Financial Corporation · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported an increase in net income due to higher net gain on loan sales and releases from credit loss allowance, despite a decrease in net interest income.
TFS Financial Corporation reported a net income of $23.0 million for the quarter ended March 31, 2021, compared to $17.3 million for the same quarter in the previous year. The increase was primarily driven by higher net gains on loan sales and releases from the allowance for credit losses, which were partially offset by a decrease in net interest income and an increased income tax provision.
- Net income increased to $23.0 million for the quarter ended March 31, 2021, from $17.3 million for the quarter ended March 31, 2020.
- Net interest income was $58.4 million for the quarter ended March 31, 2021, compared to $65.0 million for the quarter ended March 31, 2020.
- A credit of $4.0 million was recorded to the allowance for credit losses during the quarter ended March 31, 2021, compared to a provision of $6.0 million for the quarter ended March 31, 2020.
- Total assets decreased to $14.46 billion at March 31, 2021, from $14.64 billion at September 30, 2020.
Headline financials
Revenue & EPS history
TFS Financial · Revenue · Quarterly
$74.1M
Revenue by segment
TFS Financial · $11.9M total across 4 segments · Q1 2020
- Other non-interest income$5.3M+326.6%44.4%
- Gain on sale of loans$2.93M+2535.1%24.5%
- Fees & service charges$2.15M+20.8%18.0%
- BOLI benefits$1.56M+0.9%13.1%
Forward guidance
This report contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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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