Home / Business and Economy / Third Federal Exceeds $100M Net Income Milestone
Third Federal Exceeds $100M Net Income Milestone
30 Oct
Summary
- Net income reached $100.7 million for fiscal year 2026.
- Mortgage loan originations saw a 39% increase.
- Tier 1 capital leverage ratio stands at a strong 10.53%.
TFS Financial Corporation, the parent of Third Federal Savings and Loan Association, achieved a milestone by reporting $100.7 million in net income for the fiscal year ending September 30, 2026. This represents a 10.7% increase over the prior fiscal year.
The company's success was attributed to a 39% rise in mortgage loan originations and improved net interest margin, which reached 1.88%. Chairman and CEO Marc A. Stefanski expressed confidence in the company's future, citing a strong Tier 1 capital leverage ratio of 10.53%.
During fiscal year 2026, total assets grew to $18.19 billion, an increase of 4.2%. Deposits saw a slight decrease of 2.6% to $10.18 billion, while borrowed funds rose by 17.8% to $5.74 billion.
Shareholders' equity increased by 5.9% to $2.01 billion, reflecting the year's net income and adjusted for dividends and stock repurchases. The company also noted its ongoing commitment to shareholder returns through its stock repurchase program.
