Tfs Financial Corporation · NASDAQ:TFSL
Tfs Financial — FY2022 Earnings Presentation
11 slides from Tfs Financial's earnings presentation, Sep 30, 2022
Slide 1: TFS Financial Corporation – Quarter ended September 30, 2022
TFS FinancialCorporation’ ThirdFederal SAVINGS & LOAN For the quarter ended September 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 8.69% yield based on stock price of $13.00 at 9/30/22. * Dividend paid to minority shareholders only, subject to regulatory required MHC annual dividend waiver vote. On 7/12/22, 61% of MHC
Slide 4: Our Disciplined Strategy Drives Our Results
Our Disciplined Strategy Drives Our Results * 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. * High average
Slide 5: Capital & Performance Highlights
Capital & Performance Highlights Fiscal Year End 2022 2021 2020 2019 2018 2017 Net Income (in 000s) $ 74,565] $ 81,007 $ 83,317. $ 80,237 $ 85,407 $ 88,877 Earnings Per Share: ~GAAP $ 0.27 $ 0.29 $ 0.30 $ 0.29 $ 0.30 $ 0.32 -Non-GAAP Per Minority Share * $ 1.39 $ 1.51 $ 1.57 $ 152 $ 161 $ 1.64 -Divi
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 $1.75B through the fiscal year ended 9/30/22. * MHC member vote on 7/12/22 approved dividend waiver up to $1.13 through July 12,
Slide 7: Financial Highlights
Financial Highlights (Dollars in Thousands) Balance Sheet Assets ($) 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 $30.8 million thru 9/30/22. Net recoveries were $9.7 million for the fiscal year ended 9/30/22. Net recoveries of $5.2 million for FY 2021 compared to $5
Slide 9: Loan Composition by Product and State
Loan Composition by Product and State Loan Balances by Product Type (Held for Investment) $125,022 , Fixed Rate ARMs Ohio Total lM HELOCs and ELOANs ‘= Florida Total © Other Consumer Other Total Loan Balance ($000) Balance* % of Total Yield* Loan Balance ($000) Balance* % of Total Yield* Fixed Rate
Slide 10: Strong Deposit Funding Base Supplemented by Wholesale Borrowings
Strong Deposit Funding Base Supplemented by Wholesale Borrowings Deposit Composition Borrowings Composition © 12 months or less ™@ 13 to 36 months 37 months or more M@ Checking Savings ™CDs Weighted Avg Weighted Avg Deposit Type ($000) Balance’ %ofTotal Costof Funds Borrowings ($000) Balance”? % of
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