New insider activity at TFS Financial ( (TFSL) ) has taken place on February 8, 2025.
Chief Synergy Officer Cathy Zbanek recently sold 20,000 shares of TFS Financial stock, totaling a transaction value of $274,400.
Recent Updates on TFSL stock
TFS Financial Corporation has reported a notable increase in net income for the first quarter of fiscal year 2025, reaching $22.4 million. This improvement is attributed to effective management of margin compression, reduced expenses, and the introduction of innovative deposit products that spurred a significant growth in promotional certificates of deposit (CDs) by $350 million in December 2024. Despite a slight decline in net interest income and net interest margin, the company maintained strong financial stability with a Tier I capital ratio of nearly 11%. The financial results were further supported by a $1.5 million release in provision for credit losses and a $3.2 million reduction in non-interest expenses. Looking forward, TFS Financial remains optimistic about its growth prospects, driven by favorable economic forecasts and interest rate trends anticipated to benefit the housing industry, while focusing on maintaining robust capital ratios and enhancing shareholder value.
More about TFS Financial
YTD Price Performance: 11.85%
Average Trading Volume: 291,829
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.9B