Below are the financial statements of TFS Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 | 2022 |
---|---|---|---|
Interest and dividend income | — | — | — |
Loans, including fees | 663.69a | 565.61a | 395.69a |
Investment securities available for sale | 18.23a | 14.37a | 5.5a |
Other interest and dividend earning assets | 52.16a | 31.94a | 8.14a |
Total interest and dividend income | 734.07a | 611.92a | 409.33a |
Interest expense | — | — | — |
Deposits | -292.73a | -174.2a | -76.94a |
Borrowed funds | -162.89a | -154.15a | -64.99a |
Total interest expense | -455.62a | -328.35a | -141.94a |
Net interest income | 278.46a | 283.57a | 267.4a |
Provision (release) for credit losses | -1.5a | -1.5a | -1a |
Net interest income after provision (release) for credit losses | 279.96a | 285.07a | 266.4a |
Non-interest income | — | — | — |
Fees and service charges, net of amortization | 8.07a | 7.84a | 9.93a |
Net gain on the sale of loans | 2.75a | 0.5a | 1.14a |
Increase in and death benefits from bank owned life insurance contracts | 10a | 9.36a | 9.98a |
Other | 3.89a | 3.74a | 2.75a |
Total non-interest income | 24.7a | 21.43a | 23.8a |
Non-interest expense | — | — | — |
Salaries and employee benefits | -107.78a | -112.79a | -109.34a |
Marketing services | -19.73a | -25.29a | -21.26a |
Office property, equipment, and software | -28.31a | -27.73a | -26.78a |
Federal insurance premium and assessments | -14.57a | -13.45a | -9.36a |
State franchise tax | -4.74a | -4.89a | -4.86a |
Other expenses | -29.21a | -28.98a | -26.54a |
Total non-interest expense | -204.35a | -213.13a | -198.15a |
Income before income taxes | 100.31a | 93.37a | 92.05a |
Income tax expense | -20.73a | -18.12a | -17.49a |
Net income | 79.59a | 75.25a | 74.57a |
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