Tfs Financial Corporation · NASDAQ:TFSL
Tfs Financial — FY2023 Earnings Presentation
11 slides from Tfs Financial's earnings presentation, Sep 30, 2023
Slide 1: TFS Financial Corporation - Quarter ended September 30, 2023
TFS FinancialCorporation’ Thiscederal For the quarter ended September 30, 2023
Slide 2: TFS Financial Corporation Overview
TFS Financial Corporation® Overview 1938 Founded by Ben and Gerome Stefanski, parents of our current Chairman and CEO, Marc Stefanski 1997 Organized as a mid-tier stock holding company to own 100% of Third Federal Savings and Loan 2007 First step minority stock offering. Listed as TFSL on NASDAQ Apr
Slide 3: TFSL Stock Ownership — Why Invest?
TFSL Stock Ownership — Why Invest? Strong Dividend * Current annualized dividend of $1.13 per share represents 9.56% yield based on stock price of $11.82 at 9/29/23. * Dividend paid to minority shareholders only, subject to regulatory required MHC annual dividend waiver vote. On 7/11/23, 60% of MHC
Slide 4: Our Disciplined Strategy Drives Our Results
Our Disciplined Strategy Drives Our Results Strategic Overview ¢ Originate and service first mortgage loans and home equity loans and lines of credit, funded through retail deposits, FHLB advances and brokered certificates of deposit. ¢ Loyal deposit customer base provides stability to funding appro
Slide 5: Capital & Performance Highlights
Capital & Performance Highlights Fiscal Year Ended Fiscal Year End (as of 09/30)----------------------------------------, / Ended 9/30/23 2022 2021 2020 2019 2018 Net Income (in 000s) $ 75,250 $ 74,565 $ 81,007 $ 83,317 $ 80,237 $ 85,407 Earnings Per Share: ~GAAP $ 0.27 $ 0.26 $ 0.29 $ 0.30 $ 0.29 $
Slide 6: Capital Deployment
Capital Deployment * Dividends, managed portfolio growth, and strategic share repurchases will represent the focus for future capital deployment. * Quality loan growth of $908.7M for the fiscal year ended 9/30/23. * MHC member vote on 7/11/23 approved dividend waiver up to $1.13 through July 11, 202
Slide 7: Financial Highlights
Financial Highlights (Dollars in Thousands) Balance Sheet Assets ($) Net loans, including held for sale ($) Deposits ($) Common equity ($) Balance Sheet Ratios Loans/Deposits (%) Tier | Leverage Capital / Average Assets YTD (%) Return on Average Assets (%) Return on Average Equity (%) Profitabili Ne
Slide 8: Loan Performance & Originations
Loan Performance & Originations Strong Lending Standards * Net recoveries were recorded each of the past six fiscal years for a cumulative total of $37.2 million. Net recoveries were $6.4 million for the fiscal year ended 9/30/23. Net recoveries of $9.7 million for FY 2022 compared to $5.2 million f
Slide 9: Loan Composition by Product and State
Loan Composition by Product and State $52,817. 0% ™ Fixed Rate MH ARMs Ohio Total MHELOCs and ELOANs ‘= Florida Total ™ Other Consumer Other Total Loan Balance ($000) Balance* % of Total Yield* Loan Balance ($000) Balance” % of Total Yield* Fixed Rate 1st Lien Residential Terms < 10 yrs $ 1,088,048
Slide 10: Strong Deposit Funding Base Supplemented by Wholesale Borrowings
Strong Deposit Funding Base Supplemented by Wholesale Borrowings M@ Checking Savings | CDs 12 months or less @ 13 to 36 months § 37 months or more Weighted Avg Weighted Avg Deposit Type ($000) Balance’ %of Total CostofFunds _ Borrowings ($000) Balance*” % of Total _Cost of Funds” Interest Bearing: M
Slide 11: Forward-Looking Statements
Forward-Looking Statements This presentation 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. These forward-looking statements include, among other things: ‘© statement