Tfs Financial Corporation · NASDAQ:TFSL
Tfs Financial — Q1 FY2023 Earnings Presentation
11 slides from Tfs Financial's earnings presentation, January 2023
Slide 1: TFS Financial Corporation - Quarter ended December 31, 2022
TFS FinancialCorporation’ Thiscederal For the quarter ended December 31, 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 7.84% yield based on stock price of $14.41 at 12/31/22. * 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 For Three Months] __\- Fiscal Year End (as of 09/30)----------------------------------------/ Ended 12/31/22 2022 2021 2020 2019 2018 Net Income (in 000s) $ 22,193 $ 74,565 $ 81,007 $ 83,317 $ 80,237 $ 85,407 Earnings Per Share: -GAAP $ 0.08 $ 0.27 $ 0.29 $ 0.30 $ 0.
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 $216.4M for the quarter ended 12/31/22. * MHC member vote on 7/12/22 approved dividend waiver up to $1.13 through July 12, 2023;
Slide 7: Financial Highlights
Financial Highlights (Dollars in Thousands) As of and for the three months ended As of and for the fiscal year ended 12/31/2022 9/30/2022 12/31/2021 9/30/2022 9/30/2021 Balance Sheet Assets ($) 16,128,977 15,790,198 14,132,511 15,790,198 14,057,450 Net loans, including held for sale ($) 14,486,044 1
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 $35.0 million. 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 $5.0 million f
Slide 9: Loan Composition by Product and State
Loan Composition by Product and State Loan Balances by Product Type (Held for Investment) $117,296. 1% @ Fixed Rate Ohio Total M ARMs Florida Total MN HELOCs and ELOANs @ Other Total ‘®@ Other Consumer Loan Balance ($000) Balance’ % of Total Yield* Loan Balance ($000) Balance’ % of Total Yield* Fixe
Slide 10: Strong Deposit Funding Base Supplemented by Wholesale Borrowings
Strong Deposit Funding Base Supplemented by Wholesale Borrowings Deposit Composition Borrowings Composition M@ Checking © 12 months or less Savings @ 13 to 36 months ™CDs 37 months or more Weighted Avg Weighted Avg Deposit Type ($000) Balance* % of Total _Cost of Funds Borrowings ($000) Balance”? %
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