TFSL
Financial ServicesTFS Financial Corporation · Banks - Regional · $4B
What is TFS Financial Corporation?
TFS Financial Corporation is a Cleveland-based mid-cap bank holding company that has served retail consumers since its subsidiary's founding in 1938. It operates through Third Federal Savings and Loan, focusing on straightforward deposit and mortgage products across Ohio and Florida.
The company generates revenue primarily through residential mortgage lending — including purchase mortgages, refinance loans, construction loans, and home equity products — alongside traditional deposit-gathering. Customers access services through a main Cleveland office, 37 full-service branches, and seven loan production offices spread across Ohio and Florida. It also provides escrow and settlement services. TFS Financial operates as a subsidiary of Third Federal Savings and Loan Association of Cleveland, MHC, which retains majority ownership.
TFS Financial Corporation was incorporated in 2007 and is headquartered in Cleveland, Ohio.
- Residential real estate mortgage and refinance loans
- Home equity loans and lines of credit
- Savings, checking, and money market deposit accounts
- Certificates of deposit and IRA accounts
- Escrow and settlement services
Is TFSL a Good Stock to Buy?
UQS Score rates TFSL as Poor overall, placing it in the lowest tier of our composite ranking system.
Among the five pillars, none currently stand out as areas of notable strength. The bank's narrow geographic focus and traditional product mix limit the differentiation that typically drives higher Quality or Moat scores.
All five pillars — Quality, Moat, Growth, Risk, and Valuation — register at Weak or Elevated levels, signaling broad fundamental challenges relative to peers in the Financial Services sector.
Pro members can view the complete pillar-by-pillar breakdown and the underlying financial metrics driving each score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does TFSL pay dividends?
Yes — TFS Financial Corporation pays a dividend.
TFSL pays a regular dividend, which is not uncommon for community-oriented savings institutions that prioritize returning capital to shareholders. Given the company's conservative lending model and deposit-funded balance sheet, dividend continuity has been a feature of its investor profile. Investors focused on income should weigh the payout against the broader risk profile reflected in the UQS Score.
When does TFSL report earnings?
TFS Financial Corporation reports earnings on a quarterly cadence, consistent with standard practice for US-listed bank holding companies.
The company's results are shaped by net interest margin dynamics, mortgage origination volumes, and credit quality across its Ohio and Florida loan book. Shifts in the interest rate environment tend to have an outsized effect on savings institutions like TFS Financial.
For the most recent quarter's results and guidance commentary, visit TFS Financial Corporation's investor relations page directly.
TFSL Price History
-0.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in TFS Financial Corporation?
Based on TFS Financial Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
TFSL Long-term Outlook
With Growth and Risk pillars both rated Weak, the near-term fundamental outlook for TFSL carries meaningful headwinds. A concentrated geographic footprint and reliance on residential mortgage lending leave the company exposed to regional housing market cycles and interest rate sensitivity. The Elevated Valuation pillar suggests the current market price may not fully reflect these underlying pressures, which warrants careful consideration for prospective investors.
Growth drivers
- Potential expansion of loan production offices in Florida markets
- Deposit growth supported by competitive savings and CD rates
- Modest demand for home equity products as homeowners tap existing equity
Key risks
- Interest rate sensitivity compressing net interest margins
- Concentrated exposure to Ohio and Florida residential real estate
- Elevated valuation relative to the company's current fundamental profile
TFSL vs Peers
TFSL operates in a competitive regional banking landscape alongside larger and more diversified peers.
Fulton Financial operates a broader multi-state Mid-Atlantic franchise with a more diversified commercial and consumer lending mix than TFSL's mortgage-focused model.
ServisFirst pursues a relationship-driven commercial banking strategy with a notably different risk and growth profile compared to TFS Financial's retail savings-and-mortgage focus.
Associated Banc-Corp serves a wider Midwest footprint with commercial, wealth management, and retail banking lines that extend well beyond TFSL's core deposit and mortgage offerings.
Frequently Asked Questions
What does TFS Financial Corporation do?
TFS Financial provides retail consumer banking through its Third Federal Savings and Loan subsidiary. Core activities include accepting deposits — savings, checking, money market, CDs, and IRAs — and originating residential mortgage loans, home equity products, and construction loans across Ohio and Florida.
Does TFSL pay dividends?
Yes, TFSL pays a regular dividend. The company's savings-institution heritage and conservative balance sheet have supported ongoing dividend distributions. Income-focused investors should review the current payout in the context of the company's overall UQS risk profile before making decisions.
When does TFSL report earnings?
TFS Financial reports on a quarterly basis, as is standard for US-listed bank holding companies. For exact release dates and upcoming earnings calls, check the investor relations section of the company's official website.
Is TFSL a good stock to buy?
The UQS Score rates TFSL as Poor, reflecting Weak readings across Quality, Moat, Growth, and Risk pillars, alongside an Elevated Valuation. This composite profile places it among the lower-ranked stocks in our coverage universe. Pro members can access the full breakdown to assess fit with their own criteria.
Is TFSL overvalued?
The UQS Valuation pillar for TFSL is rated Elevated, suggesting the stock's current pricing may not be well-supported by its underlying fundamentals. This is particularly notable given that the Quality, Growth, and Moat pillars are all rated Weak.
How does TFSL compare to its competitors?
Compared to peers like Fulton Financial, ServisFirst Bancshares, and Associated Banc-Corp, TFSL has a narrower geographic and product focus. Its concentration in Ohio and Florida residential mortgage lending differentiates it from more diversified regional banks, though that focus also limits growth optionality.
What is TFSL's market cap bracket?
TFSL is classified as a mid-cap stock. This places it in a tier where institutional coverage exists but is less intensive than for large- or mega-cap financial institutions.
Who founded TFS Financial Corporation?
TFS Financial Corporation was incorporated in 2007 as the holding company for Third Federal Savings and Loan Association of Cleveland, which itself was founded in 1938. Founding details for the original savings association are widely available through the company's public history.
Is TFSL a long-term quality investment?
As a long-term quality indicator, the UQS Score rates TFSL as Poor. Sustained quality investing typically favors companies with stronger moat, growth, and risk profiles. TFSL's current pillar ratings suggest limited structural advantages that would support durable long-term outperformance.
What sector does TFSL belong to?
TFSL operates in the Financial Services sector, specifically within the savings institutions and regional banking segment. Its business is closely tied to residential real estate lending and retail deposit-gathering, making it sensitive to interest rate cycles and housing market conditions.
What is the main competitive advantage of TFS Financial?
TFS Financial's long-standing community presence — rooted in Third Federal's 1938 founding — and its focus on straightforward mortgage and savings products give it local brand recognition in Ohio. However, the UQS Moat pillar rates this advantage as Weak relative to broader sector peers.
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Pro Analysis
TFSL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 10, 2026 | 18.8 | 18.1 | 21.0 | 29.6 | 0.0 | 20.4 | 0.0 |
| May 8, 2026 | 18.8 | 18.1 | 21.0 | 29.6 | 0.0 | 20.6 | -2.2 |
| May 7, 2026 | 21.0 | 32.7 | 21.0 | 29.6 | 0.0 | 11.2 | -0.1 |
| May 4, 2026 | 21.1 | 32.7 | 21.0 | 29.6 | 0.0 | 11.4 | +1.3 |
| May 3, 2026 | 19.8 | 32.7 | 21.0 | 26.7 | 0.0 | 7.1 | -0.1 |
| Apr 26, 2026 | 19.9 | 32.7 | 21.0 | 26.7 | 0.0 | 7.8 | +0.1 |
| Apr 19, 2026 | 19.8 | 32.7 | 21.0 | 26.7 | 0.0 | 7.1 | -0.1 |
| Apr 18, 2026 | 19.9 | 32.7 | 21.0 | 26.7 | 0.0 | 7.6 | -0.3 |
| Apr 14, 2026 | 20.2 | 32.7 | 21.0 | 26.7 | 0.0 | 9.6 | -7.2 |
| Apr 13, 2026 | 27.4 | 32.4 | 50.0 | 26.7 | 0.0 | 9.5 | +7.2 |
TFSL — Pillar Breakdown
Quality
— 32.4/100 (25%)TFS Financial Corporation currently shows below-average quality metrics, suggesting challenges with profitability.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 29.6/100 (20%)TFS Financial Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 0.0/100 (15%)TFS Financial Corporation presents elevated risk with concerns around leverage or financial stability.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 9.3/100 (15%)TFS Financial Corporation appears expensively valued relative to its fundamentals and growth prospects.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 21/100 (25%)TFS Financial Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for TFSL.
Score Composition
Financial Data
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How is the TFSL UQS Score Calculated?
The UQS (Unified Quality Score) for TFS Financial Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses TFS Financial Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether TFS Financial Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.