TFS Financial Reports Q1 Net Income of $22.4 Million
CLEVELAND, April 20, 2023 (GLOBE NEWSWIRE) -- TFS Financial Corp. (TFSL) today announced its financial results for the first quarter of fiscal 2023.
Key Financials:
* Net Income: $22.4 million
* Earnings Per Share: $0.08
* Revenue: $193.3 million
* Adjusted Revenue: $74.8 million
Summary:
TFS Financial reported a strong first quarter, with net income increasing by 0.31% compared to the same period last year. Per-share earnings also improved, rising by 8 cents.
The company's revenue grew by a significant margin, driven by an increase in its adjusted revenue. TFS Financial's adjusted revenue excludes the impact of certain non-operating items.
Outlook:
TFS Financial remains optimistic about its prospects for the remainder of fiscal 2023. The company expects continued growth in its core businesses and is well-positioned to capitalize on market opportunities.