TFS Financial (TFSL)
Originates and services residential mortgages while gathering retail savings deposits through Third Federal.
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Operates Third Federal, a Cleveland-rooted thrift that originates and services residential mortgages and gathers retail savings deposits. A mutual holding company retains majority control of the listed company.
Residential mortgage lending, mortgage servicing, retail deposit gathering, and home-equity-line commitments form the operating model of Third Federal Savings and Loan Association of Cleveland, the wholly owned subsidiary. The business is Cleveland-rooted and operates as a retail thrift, with residential mortgages and savings deposits at its core.
The listed holding company uses a two-tier mutual-holding-company structure. Its mutual holding company parent retains majority ownership of common shares, so public investors hold a minority interest rather than control of a conventional fully public bank holding company. That ownership structure shapes the company’s governance and capital context.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | Piper Sandler | Reiterate | Rating: —Target: $15 | Target: $20 |
| Jan 16, 2026 | Piper Sandler | Target | Target: — | Target: $15 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $28.6M · Total debt $5.81B · Total assets $18.07B · Shareholders' equity $1.96B
- Revenue
- $202.1M
- Operating income
- $30.8M
- Net income
- $30.5M
HistoryDividendAnnual yield
| Institutions | ≈ 13.62% | 38.19M shares | |
|---|---|---|---|
| 239 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.32% | 896.6K shares | |
| 20 holders · as of Sep 15, 2026 | |||
| Other | ≈ 86.06% | 241.35M shares | |
| remainder | |||
280.44M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 1.40% | 3.92M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 1.06% | 2.96M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 0.87% | 2.44M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 0.86% | 2.41M | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 0.85% | 2.38M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Bradley T. Stefanski | officer: Chief Strategy Officer | −10,000 | $16.94 |
| Sep 8, 2026 | Marc A. Stefanski | director, officer: Chairman, President and CEO | −10,000 | $17.28 |
| Sep 8, 2026 | Ashley H. Williams | director | −10,000 | $17.28 |
| Sep 3, 2026 | Meredith S. Weil | director, officer: Chief Financial Officer | −5,861 | $17.53 |
| Aug 31, 2026 | Barbara J. Anderson | director | −6,100 | $17.83 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TFS Financial | $16.63 | −0.39% | $4.68B | 46.0 | 43.8 | 5.7 | +8.8% |
| Huntington Bancshares | $15.56 | −0.83% | $31.70B | 11.7 | 9.4 | 2.2 | +47.4% |
| PNC Financial Services Group | $225.98 | −0.87% | $90.96B | 12.5 | 11.1 | 2.6 | +21.4% |
| KeyCorp | $20.44 | −0.22% | $22.11B | 11.9 | 10.5 | 2.1 | +7.3% |
| Fifth Third | $52.44 | −0.62% | $47.82B | 18.0 | 12.1 | 3.2 | +45.2% |
| Rocket Companies | $12.42 | −2.51% | $35.98B | 87.3 | 17.4 | 3.7 | +113.7% |
| Median | 12.5 | 11.1 | 2.6 | +45.2% |