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Cleveland, Ohio-based thrift focused on home-equity loans and residential mortgages, structured as a mutual holding company.
Cleveland, Ohio-based thrift focused on home-equity loans and residential mortgages, structured as a mutual holding company.
Earns the gap between interest on the mortgages and home-equity lines it keeps on its books and what it pays savers, with little fee income. Branches are in Ohio and Florida, and it relies on customer deposits. A depositor-owned parent, Third Federal Savings and Loan Association of Cleveland, MHC, holds the majority of shares.
Moat: narrow (scale, cost advantage). Large, low-cost-funded mortgage/home-equity balance sheet built over decades as a mutual thrift.
Headquarters: Cleveland, Ohio, US · Founded: 1938
Size TFS Financial (TFSL) is a United States Financials company (Savings Banks) with a market value of $4.61B, the 1237th largest of 3,117 United States companies the cockpit tracks. Shares closed at $16.43 on 6 Nov 2026.
Performance Over six months the shares gained 8.8%, against +9.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 12 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +5.4%); the operating margin is 36.6% (peer median 39.8%).
Valuation It trades at 2.72× book value against a peer median of 1.09× (most expensive of 12).
Price implies The share price implies a return on equity of about 18.1%; TFS Financial delivers 5.1%, so the price asks more than the business earns today.
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $839M | $839M | $792M | $758M | $633M |
| Revenue growth | — | +6% | +4% | +20% | — |
| Net income | $99.6M | $101M | $89.5M | $78.2M | $73.7M |
| Free cash flow | n/a | n/a | $71.0M | $103M | $87.6M |
| Capital expenditure | n/a | n/a | $11.5M | $3.06M | $5.10M |
| Total debt | $5.74B | $5.74B | $4.87B | $4.79B | $5.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| TFS Financial TFSL | $4.61B | +9% | +6% | 5% | 2.72× | 18.1% |
| WSFS Financial WSFS | $3.99B | +10% | +2% | 12% | 1.53× | 12.4% |
| Northwest Bancshares NWBI | $2.23B | +10% | +13% | 11% | 1.18× | 9.3% |
| Capitol Federal Financial CFFN | $1.06B | +7% | +6% | 8% | 1.04× | 8.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TFSL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.5% | +4.4% | 4th lowest of 13 |
| 6-month return | +8.8% | +9.7% | 5th lowest of 12 |
| Return on equity | 5.1% | 10.7% | 3rd lowest of 12 |
| Price / book | 2.72× | 1.09× | most expensive of 12 |
| Trailing P/E | 46.2× | 12.4× | 2nd most expensive of 12 |
| ROE the price implies | 18.1% | 9.2% | most demanding of 12 |
| ROE delivered | 5.1% | 10.7% | 3rd lowest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| TFS Financial TFSL | United States | $4.61B | +9% | +6% | 5% | 2.72× | 18.1% | 5.1% |
| WSFS Financial WSFS | United States | $3.99B | +10% | +2% | 12% | 1.53× | 12.4% | 12.4% |
| SpareBank 1 SMN MING.OL | Norway | $3.38B | +16% | -6% | 9% | 1.08× | 7.0% | 8.8% |
| Sparebank 1 Ostlandet SPOL.OL | Norway | $3.01B | +9% | -2% | 9% | 1.09× | 7.1% | 9.1% |
| Columbia Financial CLBK | United States | $2.99B | +25% | +23% | 2% | 0.95× | 6.2% | 2.3% |
| Provident Financial Services PFS | United States | $2.99B | +2% | +4% | 11% | 1.05× | 9.2% | 11.0% |
| Storebrand STB.OL | Norway | $8.94B | +13% | +40% | 14% | 2.56× | 16.1% | 13.9% |
| Sparebank 1 Sor-norge SB1NO.OL | Norway | $9.31B | +24% | -5% | 13% | 1.69× | 12.4% | 12.5% |
| Northwest Bancshares NWBI | United States | $2.23B | +10% | +13% | 11% | 1.18× | 9.3% | 10.7% |
| Shawbrook SHAW.L | United Kingdom | $1.96B | -12% | +5% | 12% | 0.79× | 8.0% | 12.2% |
| OceanFirst Financial OCFC | United States | $1.82B | -4% | +31% | 2% | 0.75× | 8.1% | 2.3% |
| Triumph Financial TFIN | United States | $1.46B | -8% | +13% | 5% | 1.57× | 17.5% | 5.3% |
| American Savings Bank N.A ASBH | United States | $1.30B | n/a | n/a | n/a | n/a | n/a | n/a |