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For the quarter ended December 31, 2025
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TFS Financial Corporation® Overview 2 1938 1997 2007 Financial SummaryTFSL Shareholder Ownership Founded by Ben and Gerome Stefanski, parents of our current Chairman and CEO, Marc Stefanski Organized as a mid-tier stock holding company to own 100% of Third Federal Savings and Loan First step minority stock offering. Listed as TFSL on NASDAQ April 23 88 th year of service2026
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TFSL Stock Ownership – Why Invest? 3
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Our Disciplined Strategy Drives Our Results 4 Strategic Overview
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5 Capital & Performance Highlights
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Capital Deployment 6
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Financial Highlights 7
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Loan Performance & Originations 8
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Loan Composition by Product and State 9
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Strong Deposit Funding Base Supplemented by Wholesale Borrowings 10
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Historical Deposit Balances and Cost of Funds 11
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Historic Loan Balances and Yields 12
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ARM Interest Rate Reset Outlook 13
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Forward-Looking Statements 14 This presentation contains forward-looking statements, which can be identified by the use of such words as estimate, project, be lieve, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements include, among other things: ● statements of our goals, intentions and expectations; ● statements regarding our business plans and prospects and growth and operating strategies; ● statements concerning trends in our provision for credit losses and charge-offs on loans and off-balance sheet exposures; ● statements regarding the trends in factors affecting our financial condition and re sults of operations, including credit quality of our loan and investment portfolios; and ● estimates of our risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events: ● significantly increased competition among depository and other financial institutions, including with respect to our ability to charge overdraft fees; ● inflation and changes in the interest rate environment that reduce our interest margins or reduce the fair value of financial in struments, or our ability to originate loans; ● general economic conditions, either globally, nationally or in our market areas, including employment prospects, real estate va lues and conditions that are worse than expected; ● the strength or weakness of the real estate markets and of the consumer and commercial credit sectors and its impact on the cre dit quality of our loans and other assets, and changes in estimates of the allowance for credit losses; ● decreased demand for our products and services and lower reve nue and earnings because of a recession or other events; ● changes in consumer spending, borrowing and savings habits, including prepayment speeds on loans; ● adverse changes and volatility in the securities markets, credit markets or real estate markets; ● our ability to manage market risk, credit risk, liquidity risk, reputational risk, and regulatory and compliance risk; ● our ability to access cost-effective funding; ● legislative or regulatory changes that adversely affect our business, including changes in regulatory costs and capital require ments and changes related to our ability to pay dividends and the ability of Third Federal Savings, MHC to waive dividends; ● changes in accounting policies and practices, as may be adopted by the bank regulatory agencies, the Financial Accounting Standards Board or the Public Company Accounting Oversight Board; ● the adoption of implementing regulations by a number of different regulatory bodies, and uncertainty in the exact nature, extent and timing of such regulations and the impact they will have on us; ● our ability to enter new markets successfully and take advantage of growth opportunities, and the possible short-term dilutive effect of potential acquisitions or de novo branches, if any; ● our ability to retain key employees; ● future adverse developments concerning Fannie Mae or Freddie Mac; ● changes in monetary and fiscal policy of the U.S. Government, including policies of the U.S. Treasury, the Federal Reserve Syst em, Fannie Mae, the OCC, FDIC, and others and the effects of tariffs and retaliatory actions; ● the continuing governmental efforts to restructure the U.S. financial and regulatory system; ● the effects of the current federal government shutdown; ● the ability of the U.S. Government to remain open, function properly and manage federal debt limits; ● changes in policy and/or assessment rates of taxing auth orities that adversely affect us or our customers; ● changes in accounting and tax estimates; ● changes in our organization, or compensation and benefit plans a nd changes in expense trends (including, but not limited to trends affecting non-performing assets, charge-offs and provisions for credit losses); ● the inability of third-party providers to perform their obligations to us; ● the effects of global or national war, conflict or acts of terrorism; ● civil unrest; ● cyber-attacks, computer viruses and other tec hnological risks that may breach the securi ty of our websites or other systems to obtain unauthorized access to confidential information, destroy data or disable our systems; and ● the impact of wide-spread pandemic, including COVID-19, and related government action, on our business and the economy. Because of these and other uncertainties, ou r actual future results may be materially different from the results indicated by an y forward-looking statements. Any forward-looking statement made by us in this report speaks only as of the date on which it is made. We undertake no ob ligation to publicly update any forward-looking statements, whether as a result of new information, future developme nts or otherwise, except as may be required by law. Please see Part II Other Information Item 1A. Risk Fact ors in our annual and quarterly reports as filed with the SEC fo r a discussion of certain risks related to our business.