TFS Financial Q4 Net Income Falls 5.2% as Revenue Rises 9.4%

TFS Financial Corporation (TFSL) posted fourth-quarter revenue of $93.54 million, a 9.4% increase from a year earlier. Net income moved in the opposite direction, declining 5.2% to $24.7 million. Net interest income rose 12.4% year over year to $86.9 million. The company’s net interest margin was 1.99%, compared with 1.84% in the same quarter a year earlier. Earnings per share were $0.09, unchanged from a year earlier. The results showed higher revenue and net interest income alongside lower net income, while the margin increased and per-share earnings held steady. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost