Tfs Financial Corp (TFSL) has reported a 3.87 percent rise in profit for the quarter ended Dec. 31, 2014. The company has earned $16.64 million, or $0.06 a share in the quarter, compared with $16.02 million, or $0.05 a share for the same period last year.
Revenue during the quarter grew 6.30 percent to $71.09 million from $66.87 million in the previous year period.
Net interest income for the quarter dropped 0.97 percent over the prior year period to $67.14 million. Non-interest income for the quarter rose 17.23 percent over the last year period to $5.95 million.
“We continue to focus on our three-dimensional approach of adding value for our shareholders by growing our balance sheet, repurchasing stock and paying dividends,” said Marc A. Stefanski, Third Federal’s chairman and ceo. “On the heels of our strongest year since we went public in 2007, our earnings this quarter remained steady as we grew by more than a quarter billion dollars, adding many new customers from the 22 states we serve.”
Total assets stood at $12,067.84 million as on Dec. 31, 2014, up 6.03 percent compared with $11,381.45 million on Dec. 31, 2013. On the other hand, total liabilities stood at $10,255.15 million as on Dec. 31, 2014, up 7.73 percent from $9,519.01 million on Dec. 31, 2013.
Net loans stood at $10,770.72 million as on Dec. 31, 2014, up 6.03 percent compared with $10,157.90 million on Dec. 31, 2013. Deposits stood at $8,539.21 million as on Dec. 31, 2014, up 2.71 percent compared with $8,314.23 million on Dec. 31, 2013.
Investments stood at $580.47 million as on Dec. 31, 2014, up 18.70 percent or $91.45 million from $489.02 million on Dec. 31, 2013.
Shareholders equity stood at $1,812.69 million as on Dec. 31, 2014, down 2.67 percent or $49.75 million compared to $1,862.44 million on Dec. 31, 2013.
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