TFS Financial

TFSL on Nasdaq. TFS Financial takes deposits from people and lends them money for homes. Market value $4.7bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to September 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Pays a 1.3% dividend, every year for at least 5 years.

What to watch out for

We could not check its warning signs this time.
Expensive right now: it scores 29 of 100 on price, and our list needs 60.

See Financial services stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Return on equity

five annual reports to September 2025

4.2%five-year median

Yearly profit per dollar of owners' money: 4 cents. Above 10 is good.

Price to book

quarterly report to June 2026

2.4×

What you pay for each dollar of net assets: $2.37.

Earnings yield

past 12 months to June 2026

2.2%

Profit per $100 you pay: $2.20.

Quality score: 54 of 100. Price score: 29 of 100. Our list needs 70 on quality and 60 on price.

$16.57 a share, 32% above its 1-year low

Dividend: 1.3% a year

Paid every year for at least 5 years

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a

20212022202320242025

Revenue
Revenue	n/a	n/a	n/a	n/a	n/a
Operating margin
Operating margin	n/a	n/a	n/a	n/a	n/a
Debt to equity
Debt to equity	n/a	n/a	n/a	n/a	n/a
Shares outstanding
Shares outstanding	0.28bn	0.28bn	0.28bn	0.28bn	0.28bn

Health checks

Free cash flow positiveDoesn't apply to banks and insurers
Accounting checksDoesn't apply to banks and insurers
DebtDoesn't apply to banks and insurers
Revenue growth, five yearsUnknown
Buying back its own sharesRoughly flat

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

Profit: $31 million, up 42% on a year ago.
Spare cash over the past 12 months: $86 million, up from $25 million.
About the same number of shares as a year ago.

Profit by quarter

$22m

$31m

Profit by quarter
Quarter to	Amount
September 2024	$18m
December 2024	$22m
March 2025	$21m
June 2025	$22m
September 2025	$26m
December 2025	$22m
March 2026	$23m
June 2026	$31m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated): n/a
Last annual report (10-K): 25 November 2025
Next quarterly (estimated, 10-Q): 5 November 2026

Who owns it

None of the long-term investors we follow own it. 235 funds in all.

Jun '25

Dec '25

Jun '26

Largest holders overall

BlackRock
$69m
Added
Dimensional Fund Advisors LP
$52m
Cut
Vanguard Capital Management
$43m
Added
Mirae Asset Global Etfs Holdings
$43m
Added
Renaissance Technologies
$42m
Cut
Vanguard Portfolio Management
$40m
State Street
$40m
Cut
Lakewood Capital Management, LP
$37m
Cut
Bank of New York Mellon
$33m
Cramer Rosenthal Mcglynn
$21m

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

No one has reported a stake above 5% since December 2024.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 2 insiders bought $616,038 of shares on the open market. 8 sold $3m.

Stefanski Bradley T
Chief Strategy Officer
Sold
Date
11 September 2026
Shares
10,000
Price
$16.94
Value
$169,400
Williams Ashley H
Director
Sold
Date
8 September 2026
Shares
10,000
Price
$17.28
Value
$172,800
Stefanski Marc A
Chairman, President and CEO, Director
Sold
Date
8 September 2026
Shares
10,000
Price
$17.28
Value
$172,800
WEIL MEREDITH S
Chief Financial Officer, Director
Sold
Date
3 September 2026
Shares
5,861
Price
$17.53
Value
$102,743
Anderson Barbara J.
Director
Sold
Date
31 August 2026
Shares
6,100
Price
$17.83
Value
$108,763
WEIL MEREDITH S
Chief Financial Officer, Director
Sold
Date
28 August 2026
Shares
600
Price
$18.00
Value
$10,800
Stefanski Gavin B
Chief Experience Officer
Sold
Date
5 August 2026
Shares
6,500
Price
$18.35
Value
$119,275
WEIL MEREDITH S
Chief Financial Officer, Director
Sold
Date
11 June 2026
Shares
4,316
Price
$16.80
Value
$72,509
WEIL MEREDITH S
Chief Financial Officer, Director
Sold
Date
2 June 2026
Shares
4,105
Price
$15.91
Value
$65,311
Weir Daniel F
Director
Bought
Date
29 May 2026
Shares
7,000
Price
$15.85
Value
$110,950

Date	Who	Did	Shares	Price	Value
11 September 2026	Stefanski Bradley T Chief Strategy Officer	Sold	10,000	$16.94	$169,400
8 September 2026	Williams Ashley H Director	Sold	10,000	$17.28	$172,800
8 September 2026	Stefanski Marc A Chairman, President and CEO, Director	Sold	10,000	$17.28	$172,800
3 September 2026	WEIL MEREDITH S Chief Financial Officer, Director	Sold	5,861	$17.53	$102,743
31 August 2026	Anderson Barbara J. Director	Sold	6,100	$17.83	$108,763
28 August 2026	WEIL MEREDITH S Chief Financial Officer, Director	Sold	600	$18.00	$10,800
5 August 2026	Stefanski Gavin B Chief Experience Officer	Sold	6,500	$18.35	$119,275
11 June 2026	WEIL MEREDITH S Chief Financial Officer, Director	Sold	4,316	$16.80	$72,509
2 June 2026	WEIL MEREDITH S Chief Financial Officer, Director	Sold	4,105	$15.91	$65,311
29 May 2026	Weir Daniel F Director	Bought	7,000	$15.85	$110,950

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

What the business is worth, as a range, and the margin of safety at today’s price
Prices to start buying, buy, and buy hard
The three things that would make this a mistake
Every number footnoted to the filing it came from

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.