TFS Financial reports Q1 EPS 8c vs 7c last year

Reports NII $68.328M vs $69.092M last year. The net interest margin was 1.66% for the quarter ended December 31, 2024 and 1.68% for the quarter ended December 31, 2023. “Our earnings of $22.4 million this quarter show our success in managing margin compression and expenses,” said Chairman and CEO Marc Stefanski. “We’ve also developed creative deposit products, leading to more than $350 million growth in our promotional CDs in December alone. Additionally, our Tier I capital ratio remains a source of strength at nearly 11%. As I look forward in 2025, I am encouraged by the economic forecast, interest rates, and their effect on the housing industry.”