# TFS Financial Reports Higher Annual Profit but Lower Quarterly Earnings

The Third Federal parent reported $100.7 million in fiscal-year net income as loan delinquencies increased.

By Will Langan | 24X7 News
Published: 2026-10-30T00:05:49.008Z
Updated: 2026-10-30T00:05:49.008Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/tfs-financial-fiscal-2026-results-october-29-2026

TFS Financial reported October 29 that net income for its fiscal year ended September 30 rose 10.7% to $100.7 million, compared with $91 million a year earlier.

The holding company for Third Federal Savings and Loan Association of Cleveland said annual net interest income increased 9.9% to $321.8 million. Its net interest margin improved to 1.88% from 1.76%.

The annual improvement accompanied a weaker final quarter. Net income for the three months ended September 30 fell 19% from the preceding quarter to $24.7 million. TFS cited higher expenses, lower non-interest income and an unfavorable change in its credit-loss provision, partly offset by increased net interest income.

Loan delinquencies reached $60.7 million, or 0.37% of loans, at September 30, up from $34.7 million, or 0.22%, a year earlier.

The company reported $18.19 billion in assets and $10.18 billion in deposits. Its release said all regulatory capital ratios exceeded the thresholds for being considered well capitalized.

Sources:
TFS Financial October 29 Form 8-K, Exhibit 99.1: https://www.stocktitan.net/sec-filings/TFSL/8-k-tfs-financial-corp-reports-material-event-070be7a05394.html

## Sources
- TFS Financial October 29 Form 8-K and earnings exhibit: https://www.stocktitan.net/sec-filings/TFSL/8-k-tfs-financial-corp-reports-material-event-070be7a05394.html