TFS Financial CORP

For the period ended Jun 30, 2026. Filed Aug 6, 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.

Jun 30, 2026 · Filed Aug 6, 2026

TFSL$16.54-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (In thousands)

	For the Nine Months Ended June 30,
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$76,061	$64,960
Adjustments to reconcile net income to net cash provided by operating activities:
ESOP and stock-based compensation expense	9,056	7,037
Depreciation and amortization	18,854	16,810
Deferred income taxes	(54)	28
Provision (release) for credit losses	(4,500)	1,500
Net gain on the sale of loans	(4,899)	(3,028)
Other net losses (gains)	251	(19)
Proceeds from sales of loans originated as held for sale	41,000	63,257
Loan originations, acquisitions and principal repayments on loans held for sale	(29,107)	(57,322)
Increase in bank owned life insurance contracts	(7,776)	(8,109)
Net (increase) decrease in interest receivable and other assets	(2,166)	7,230
Net increase in accrued expenses and other liabilities	12,180	1,178
Net cash provided by operating activities	108,900	93,522
CASH FLOWS FROM INVESTING ACTIVITIES:
Loans originated	(3,213,720)	(2,712,340)
Principal repayments on loans	2,511,190	2,278,497
Proceeds from sales, principal repayments and maturities of:
Securities available for sale	150,369	145,230
Proceeds from sale of:
Loans	207,844	130,628
Real estate owned	459	193
FHLB stock	20,210	19,742
Purchases of:
FHLB stock	(52,948)	(23,786)
Securities available for sale	(114,661)	(141,707)
Premises and equipment	(9,382)	(9,310)
Other	2,796	2,487
Net cash used in investing activities	(497,843)	(310,366)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in deposits	(459,014)	154,792
Net increase in borrowers' advances for insurance and taxes	46,566	4,262
Net increase in principal and interest owed on loans serviced	14,355	1,484
Net increase in short-term borrowed funds	1,146,000	420,000
Net increase in Fed Funds purchased	150,000	—
Proceeds from long-term borrowed funds	50,000	100,000
Repayment of long-term borrowed funds	(401,275)	(426,520)
Cash collateral/settlements received from (provided to) derivative counterparties	33,015	(2,131)
Acquisition or net settlement of treasury shares	(6,263)	(1,511)
Dividends paid to common shareholders	(44,946)	(44,669)
Net cash provided by financing activities	528,438	205,707
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	139,495	(11,137)
CASH AND CASH EQUIVALENTS—Beginning of period	429,439	463,718
CASH AND CASH EQUIVALENTS—End of period	$568,934	$452,581
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest on deposits	$221,484	$244,322
Cash paid for interest on borrowed funds	150,592	151,272
Cash paid (received) for interest on interest rate swaps	(15,192)	(44,330)
Cash paid for income taxes	13,014	11,780
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Transfer of loans to real estate owned	$253	$1,240
Transfer of loans from held for investment to held for sale	188,145	148,789
Transfer of loans from held for sale to held for investment	14,748	1,327
Treasury stock issued for stock benefit plans	2,041	1,845

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