TFS Financial CORP
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 8, 2024
TFSL$16.59+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Condition
CONSOLIDATED STATEMENTS OF CONDITION (unaudited)
(In thousands, except share data)
| December 31,2023 | September 30,2023 | |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | $45,858 | $29,134 |
| Other interest-earning cash equivalents | 505,910 | 437,612 |
| Cash and cash equivalents | 551,768 | 466,746 |
| Investment securities available for sale (amortized cost $563,451 and $561,715, respectively) | 525,175 | 508,324 |
| Mortgage loans held for sale ($0 and $3,260 measured at fair value, respectively) | 1,095 | 3,260 |
| Loans held for investment, net: | ||
| Mortgage loans | 15,210,653 | 15,177,844 |
| Other loans | 4,811 | 4,411 |
| Deferred loan expenses, net | 60,862 | 60,807 |
| Allowance for credit losses on loans | (69,084) | (77,315) |
| Loans, net | 15,207,242 | 15,165,747 |
| Mortgage loan servicing rights, net | 7,634 | 7,400 |
| Federal Home Loan Bank stock, at cost | 254,700 | 247,098 |
| Real estate owned, net | 1,070 | 1,444 |
| Premises, equipment, and software, net | 34,209 | 34,708 |
| Accrued interest receivable | 55,614 | 53,910 |
| Bank owned life insurance contracts | 311,848 | 312,072 |
| Other assets | 103,436 | 117,270 |
| TOTAL ASSETS | $17,053,791 | $16,917,979 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Deposits | $9,921,056 | $9,449,820 |
| Borrowed funds | 5,030,561 | 5,273,637 |
| Borrowers’ advances for insurance and taxes | 109,093 | 124,417 |
| Principal, interest, and related escrow owed on loans serviced | 29,204 | 29,811 |
| Accrued expenses and other liabilities | 97,150 | 112,933 |
| Total liabilities | 15,187,064 | 14,990,618 |
| Commitments and contingent liabilities | ||
| Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding | — | — |
| Common stock, $0.01 par value, 700,000,000 shares authorized; 332,318,750 shares issued; 280,710,854 and 280,359,173 outstanding at December 31, 2023 and September 30, 2023, respectively | 3,323 | 3,323 |
| Paid-in capital | 1,750,440 | 1,755,027 |
| Treasury stock, at cost; 51,607,896 and 51,959,577 shares at December 31, 2023 and September 30, 2023, respectively | (772,195) | (776,101) |
| Unallocated ESOP shares | (26,000) | (27,084) |
| Retained earnings—substantially restricted | 900,973 | 886,984 |
| Accumulated other comprehensive income | 10,186 | 85,212 |
| Total shareholders’ equity | 1,866,727 | 1,927,361 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $17,053,791 | $16,917,979 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.