TFS Financial
Originates and services residential mortgages while gathering retail savings deposits through Third Federal.
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Profile
Operates Third Federal, a Cleveland-rooted thrift that originates and services residential mortgages and gathers retail savings deposits. A mutual holding company retains majority control of the listed company.
Residential mortgage lending, mortgage servicing, retail deposit gathering, and home-equity-line commitments form the operating model of Third Federal Savings and Loan Association of Cleveland, the wholly owned subsidiary. The business is Cleveland-rooted and operates as a retail thrift, with residential mortgages and savings deposits at its core.
The listed holding company uses a two-tier mutual-holding-company structure. Its mutual holding company parent retains majority ownership of common shares, so public investors hold a minority interest rather than control of a conventional fully public bank holding company. That ownership structure shapes the company’s governance and capital context.
Company facts
Categories
Key statistics
Year to date +29.2% · Average volume (30d) 954.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Neutral | $15 | $20 |
| Jan 16, 2026 | Piper Sandler | Target | $15 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q3 FY26 | $0.08 | $0.11 | +37.5% | $87.0M | $89.3M | +2.6% | +1.99% |
| Apr 30, 2026Q2 FY26 | $0.08 | $0.08 | 0.0% | $84.7M | $85.2M | +0.6% | −0.07% |
| Jan 29, 2026Q1 FY26 | $0.09 | $0.08 | −11.1% | $85.8M | $83.7M | −2.5% | −4.15% |
| Oct 30, 2025Q4 FY25 | $0.08 | $0.09 | +12.5% | $84.4M | $85.5M | +1.3% | +0.38% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $193.0M | $198.5M | $207.2M | $205.8M | $202.9M | $202.1M | |
| Gross profit | $77.6M | $80.5M | $84.5M | $84.7M | $85.2M | $81.4M | |
| Operating income | $26.5M | $27.4M | $32.4M | $28.5M | $29.8M | $30.8M | |
| Net income | $21.0M | $21.5M | $26.0M | $22.3M | $23.2M | $30.5M | |
| Diluted EPS | $0.07 | $0.08 | $0.09 | $0.08 | $0.08 | $0.11 | |
| Gross margin | 40.2% | 40.6% | 40.8% | 41.2% | 42.0% | 40.3% | |
| Operating margin | 13.7% | 13.8% | 15.7% | 13.8% | 14.7% | 15.2% |
Fiscal years (4-quarter sums)FY21 $444.7M · FY22 $433.1M · FY23 $633.3M · FY24 $758.8M · FY25 $792.0M
Revenue by product · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $28.6M · Total debt $5.81B · Total assets $18.07B · Shareholders' equity $1.96B
Dividends
Raised for 11 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jun 24 | $0.2825 | |
| Mar 11, 2026 | Mar 11 | Mar 25 | $0.2825 | |
| Dec 2, 2025 | Dec 2 | Dec 16 | $0.2825 | |
| Sep 10, 2025 | Sep 10 | Sep 24 | $0.2825 | |
| Jun 10, 2025 | Jun 10 | Jun 24 | $0.2825 | |
| Mar 6, 2025 | Mar 6 | Mar 20 | $0.2825 | |
| Dec 3, 2024 | Dec 3 | Dec 17 | $0.2825 | |
| Sep 10, 2024 | Sep 10 | Sep 24 | $0.2825 |
Ownership
Shares outstanding 280.43M · Float 279.01M · 99.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.92M | 1.40% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.96M | 1.06% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 2.44M | 0.87% | 13F | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 2.41M | 0.86% | 13F | Aug 14, 2026 |
| Renaissance Technologies LLC | 2.38M | 0.85% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 5, 2026 | Gavin B. Stefanski | officer: Chief Experience Officer | −6,500 | $18.35 |
| Jun 11, 2026 | Meredith S. Weil | director, officer: Chief Financial Officer | −4,316 | $16.80 |
| Jun 2, 2026 | Meredith S. Weil | director, officer: Chief Financial Officer | −4,105 | $15.91 |
| May 29, 2026 | Daniel F. Weir | director | +7,000 | $15.85 |
| May 26, 2026 | Andrew J. Rubino | officer: Chief Operating Officer | −594 | $16.09 |
Peers
- Huntington Bancshares
Ohio retail bank with mortgages, home equity, and deposits
- PNC Financial Services Group
Retail bank with mortgages, home equity, and deposit products
- KeyCorp
Cleveland retail bank across mortgages, HELOCs, and deposits
- Fifth Third
Ohio retail bank with mortgage, home-equity, and deposit overlap
- Rocket Companies
Digital direct-to-consumer mortgage lender with national scale
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TFS Financial | $17.53 | 0.00% | $4.92B | 48.3 | 46.1 | 6.0 | +8.8% |
| Huntington Bancshares | $16.95 | +0.18% | $34.19B | 12.6 | 9.8 | 2.4 | +47.4% |
| PNC Financial Services Group | $256.30 | +5.78% | $96.65B | 13.3 | 11.9 | 2.7 | +21.4% |
| KeyCorp | $21.91 | +0.07% | $23.65B | 12.7 | 11.2 | 2.3 | +7.3% |
| Fifth Third | $54.60 | +0.14% | $49.43B | 18.6 | 11.9 | 3.3 | +45.2% |
| Rocket Companies | $13.80 | +0.22% | $38.89B | 94.3 | 19.0 | 4.0 | +113.7% |
| Median | 13.3 | 11.9 | 2.7 | +45.2% |