TFS Financial CORP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
TFSL$16.54-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (In thousands)
| For the Six Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $45,521 | $43,447 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| ESOP and stock-based compensation expense | 5,762 | 4,694 |
| Depreciation and amortization | 12,104 | 10,863 |
| Deferred income taxes | (91) | 20 |
| Provision (release) for credit losses | (1,000) | — |
| Net gain on the sale of loans | (4,073) | (2,302) |
| Other net losses (gains) | 319 | (19) |
| Proceeds from sales of loans originated as held for sale | 38,474 | 43,565 |
| Loan originations, acquisitions and principal repayments on loans held for sale | (24,699) | (32,537) |
| Increase in bank owned life insurance contracts | (5,168) | (5,373) |
| Net decrease in interest receivable and other assets | 6,598 | 8,602 |
| Net increase (decrease) in accrued expenses and other liabilities | 2,641 | (4,190) |
| Net cash provided by operating activities | 76,388 | 66,770 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Loans originated | (1,865,724) | (1,619,810) |
| Principal repayments on loans | 1,640,584 | 1,467,592 |
| Proceeds from sales, principal repayments and maturities of: | ||
| Securities available for sale | 118,647 | 118,618 |
| Proceeds from sale of: | ||
| Loans | 179,290 | 110,738 |
| Real estate owned | 294 | 193 |
| FHLB stock | 16,587 | 12,175 |
| Purchases of: | ||
| FHLB stock | (25,585) | (2,912) |
| Securities available for sale | (53,024) | (127,231) |
| Premises and equipment | (5,910) | (7,584) |
| Other | 442 | 1,896 |
| Net cash provided by (used in) investing activities | 5,601 | (46,325) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net (decrease) increase in deposits | (264,724) | 206,636 |
| Net increase in borrowers' advances for insurance and taxes | (16,650) | (13,374) |
| Net decrease in principal and interest owed on loans serviced | (1,131) | (1,504) |
| Net increase (decrease) in short-term borrowed funds | 351,000 | 74,000 |
| Proceeds from long-term borrowed funds | 50,000 | — |
| Repayment of long-term borrowed funds | (125,960) | (276,130) |
| Cash collateral/settlements (provided to) received from derivative counterparties | (31,563) | 20,354 |
| Acquisition or net settlement of treasury shares | (5,076) | (767) |
| Dividends paid to common shareholders | (30,043) | (29,795) |
| Net cash used in financing activities | (74,147) | (20,580) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 7,842 | (135) |
| CASH AND CASH EQUIVALENTS—Beginning of period | 429,439 | 463,718 |
| CASH AND CASH EQUIVALENTS—End of period | $437,281 | $463,583 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for interest on deposits | $148,232 | $161,949 |
| Cash paid for interest on borrowed funds | 99,063 | 103,700 |
| Cash paid (received) for interest on interest rate swaps | (12,735) | (30,630) |
| Cash paid for income taxes | 7,324 | 7,144 |
| SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Transfer of loans to real estate owned | 155 | — |
| Transfer of loans from held for investment to held for sale | 147,478 | 109,519 |
| Transfer of loans from held for sale to held for investment | 9,666 | 1,327 |
| Treasury stock issued for stock benefit plans | 3,021 | 1,839 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.