TFS Financial (TFS Financial) Credit Losses Provision : $-1.5 Mil (As of Dec. 2023)

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What is TFS Financial Credit Losses Provision?

TFS Financial's credit losses provision for the three months ended in Dec. 2023 was $-1.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.5 Mil.

TFS Financial's quarterly credit losses provision increased from Jun. 2023 ($0.0 Mil) to Sep. 2023 ($0.5 Mil) but then declined from Sep. 2023 ($0.5 Mil) to Dec. 2023 ($-1.0 Mil).

TFS Financial's annual credit losses provision increased from Sep. 2021 ($-9.0 Mil) to Sep. 2022 ($1.0 Mil) but then declined from Sep. 2022 ($1.0 Mil) to Sep. 2023 ($-1.5 Mil).

TFS Financial Credit Losses Provision Historical Data

The historical data trend for TFS Financial's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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TFS Financial Credit Losses Provision Chart

TFS Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Credit Losses Provision

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-10.00

3.00

-9.00

1.00

-1.50

TFS Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															-1.00	-1.00	-	0.50	-1.00

TFS Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.5 Mil.

TFS Financial (TFS Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » TFS Financial Corp (NAS:TFSL) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

PWT:Germany

Address

7007 Broadway Avenue, Cleveland, OH, USA, 44105

Website

https://www.thirdfederal.com

TFS Financial Corp is the holding company for the Third Federal Savings and Loan Association of Cleveland. The company's ownership in the savings and loan association is its primary business activity. The association's principal business consists of originating and servicing residential real estate mortgage loans and attracting retail savings deposits. It does so by offering products with competitive rates and yields. The company also operates Third Capital, a wholly owned subsidiary that serves as a holding company or as an investor in vehicles such as private equity funds. Third Capital has interests in lease transactions of commercial buildings, title agencies providing escrow and settlement services, and reinsurance of private mortgage insurance on residential loans.

Executives

Daniel Fabian Weir	director	7007 BROADWAY AVE, CLEVELAND OH 44105
Russell Clay Holmes	officer: Chief Retail Officer	7007 BROADWAY, CLEVELAND OH 44105
Meredith S Weil	officer: Chief Retail Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Ashley H Williams	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Benjamin Stefanski Gavin	officer: Chief Lending Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Marc A Stefanski	director, officer: Chairman, President and CEO	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Barbara J. Anderson	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Anthony J Asher	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Timothy W Mulhern	officer: Finance Manager - Future CFO	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Martin J Cohen	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Bradley Taylor Stefanski	officer: Chief Strategy Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Paul J Huml	officer: Chief Operating Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105
Robert A Fiala	director	7007 BROADWAY AVENUE, CLEVELAND OH 44105
William C Mulligan	director	201 EAST SANDPOINTE, 8TH FLOOR, SANTA ANA CA 92707
Susanne Noel Miller	officer: Chief Accounting Officer	7007 BROADWAY AVENUE, CLEVELAND OH 44105