Tfs Financial Corporation · NASDAQ:TFSL
Tfs Financial — Q3 FY2022 Earnings Presentation
11 slides from Tfs Financial's earnings presentation, Jun 30, 2022
Slide 1: TFS Financial Corporation - Quarter ended June 30, 2022
TFS FinancialCorporation’ ThirdFederal SAVINGS & LOAN For the quarter ended June 30, 2022
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 8.23% yield based on stock price of $13.73 at 6/30/22. Dividend paid to minority shareholders only, subject to regulatory required MHC annual dividend waiver vote. On 7/12/22, 61% of MHC elig
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 approach.
Slide 5: Capital & Performance Highlights
Capital & Performance Highlights Net Income (in 000s) Earnings Per Share: -GAAP -Non-GAAP Per Minority Share * -Dividends Paid Per Minority Share Total Dividends Paid as % of Net Income Book Value Per Share: -GAAP -Non-GAAP Per Minority Share * Dividends Paid (in 000s) 7? Repurchase of Common Stock
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 Loan growth of $1.38B through the first nine months of FY 2022. Loan sales and commitments to sell totaled $119.1M for the nine mont
Slide 7: Financial Highlights
Financial Highlights (Dollars in Thousands) Balance Sheet Assets ($) 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 (%) Profitability
Slide 8: Loan Performance & Originations
Loan Performance & Originations Strong Lending Standards * Net recoveries were recorded each of the past five fiscal years for a cumulative total of $25.3 million thru 9/30/21. Net recoveries were $7.3 million for the nine months ended 6/30/22. Net recoveries of $5.2 million for FY 2021 compared to
Slide 9: Loan Composition by Product and State
Loan Composition by Product and State ™ Fixed Rate Ohio Total ARMs lM Florida Total lM HELOCs and ELOANs ™ Other Total ™ Other Consumer Loan Bala t Type (Held for Invest 19] Loan Balance ($000) Balance* % of Total Yield* Loan Balance ($000) Balance* % of Total Yield* Fixed Rate 1st Lien Residential
Slide 10: Strong Deposit Funding Base Supplemented by Wholesale Borrowings
Strong Deposit Funding Base Supplemented by Wholesale Borrowings Checking ™@ 12 months or less Savings 13 to 36 months mCDs ™37 months or more Weighted Avg Weighted Avg Deposit Type ($000) Balance* %ofTotal Cost of Funds Borrowings ($000) Balance’? %ofTotal Cost of Funds”? Interest Bearing: Maturing
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: statements o