TFS Financial Corporation (TFSL) - Net Assets
Based on the latest financial reports, TFS Financial Corporation (TFSL) has net assets worth $1.90 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($17.50 Billion) and total liabilities ($15.60 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TFS Financial Corporation asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.90 Billion |
| % of Total Assets | 10.86% |
| Annual Growth Rate | 3.81% |
| 5-Year Change | 9.33% |
| 10-Year Change | 14.61% |
| Growth Volatility | 20.4 |
TFS Financial Corporation - Net Assets Trend (2002–2025)
This chart illustrates how TFS Financial Corporation's net assets have evolved over time, based on quarterly financial data. Also explore TFSL current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for TFS Financial Corporation (2002–2025)
The table below shows the annual net assets of TFS Financial Corporation from 2002 to 2025. For live valuation and market cap data, see TFSL market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.89 Billion | +1.68% |
| 2024-09-30 | $1.86 Billion | -3.36% |
| 2023-09-30 | $1.93 Billion | +4.50% |
| 2022-09-30 | $1.84 Billion | +6.47% |
| 2021-09-30 | $1.73 Billion | +3.61% |
| 2020-09-30 | $1.67 Billion | -1.47% |
| 2019-09-30 | $1.70 Billion | -3.51% |
| 2018-09-30 | $1.76 Billion | +4.05% |
| 2017-09-30 | $1.69 Billion | +2.27% |
| 2016-09-30 | $1.65 Billion | -4.45% |
| 2015-09-30 | $1.73 Billion | -5.60% |
| 2014-09-30 | $1.83 Billion | -1.75% |
| 2013-09-30 | $1.86 Billion | +3.19% |
| 2012-09-30 | $1.81 Billion | +1.86% |
| 2011-09-30 | $1.77 Billion | +1.20% |
| 2010-09-30 | $1.75 Billion | +0.40% |
| 2009-09-30 | $1.75 Billion | -5.30% |
| 2008-09-30 | $1.84 Billion | -7.18% |
| 2007-09-30 | $1.99 Billion | +96.15% |
| 2006-09-30 | $1.01 Billion | +3.98% |
| 2005-09-30 | $973.87 Million | +14.28% |
| 2003-09-30 | $852.15 Million | +6.30% |
| 2002-09-30 | $801.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to TFS Financial Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 94677600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $946.78 Million | 49.99% |
| Common Stock | $3.32 Million | 0.18% |
| Other Comprehensive Income | $-21.23 Million | -1.12% |
| Other Components | $965.06 Million | 50.96% |
| Total Equity | $1.89 Billion | 100.00% |
TFS Financial Corporation Competitors by Market Cap
The table below lists competitors of TFS Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Masan Group Corp
VN:MSN
|
$4.22 Billion |
|
DB HiTek Co Ltd
KO:000990
|
$4.23 Billion |
|
Stepstone Group Inc
NASDAQ:STEP
|
$4.23 Billion |
|
Vale Indonesia Tbk
JK:INCO
|
$4.23 Billion |
|
GCL Energy Technology Co Ltd
SHE:002015
|
$4.22 Billion |
|
Bidvest Group Ltd
JSE:BVT
|
$4.21 Billion |
|
Edenred SA
PA:EDEN
|
$4.21 Billion |
|
Zhengzhou Coal Mining Machinery Group Co Ltd
SHG:601717
|
$4.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TFS Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,862,624,000 to 1,893,924,000, a change of 31,300,000 (1.7%).
- Net income of 90,959,000 contributed positively to equity growth.
- Dividend payments of 59,533,000 reduced retained earnings.
- Share repurchases of 3,977,000 reduced equity.
- Other comprehensive income decreased equity by 5,623,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $90.96 Million | +4.8% |
| Dividends Paid | $59.53 Million | -3.14% |
| Share Repurchases | $3.98 Million | -0.21% |
| Other Comprehensive Income | $-5.62 Million | -0.3% |
| Other Changes | $9.47 Million | +0.5% |
| Total Change | $- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares TFS Financial Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.22x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.50x to 2.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-09-30 | $2.73 | $15.03 | x |
| 2003-09-30 | $3.77 | $15.03 | x |
| 2005-09-30 | $3.32 | $15.03 | x |
| 2006-09-30 | $4.46 | $15.03 | x |
| 2007-09-30 | $7.37 | $15.03 | x |
| 2008-09-30 | $5.77 | $15.03 | x |
| 2009-09-30 | $5.79 | $15.03 | x |
| 2010-09-30 | $5.84 | $15.03 | x |
| 2011-09-30 | $5.89 | $15.03 | x |
| 2012-09-30 | $5.99 | $15.03 | x |
| 2013-09-30 | $6.18 | $15.03 | x |
| 2014-09-30 | $6.12 | $15.03 | x |
| 2015-09-30 | $5.92 | $15.03 | x |
| 2016-09-30 | $5.85 | $15.03 | x |
| 2017-09-30 | $6.05 | $15.03 | x |
| 2018-09-30 | $6.34 | $15.03 | x |
| 2019-09-30 | $6.12 | $15.03 | x |
| 2020-09-30 | $6.02 | $15.03 | x |
| 2021-09-30 | $6.22 | $15.03 | x |
| 2022-09-30 | $6.62 | $15.03 | x |
| 2023-09-30 | $6.92 | $15.03 | x |
| 2024-09-30 | $6.67 | $15.03 | x |
| 2025-09-30 | $6.77 | $15.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TFS Financial Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.49%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.22x
- Recent ROE (4.80%) is above the historical average (3.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.72% | 48.81% | 0.01x | 10.19x | $-58.33 Million |
| 2003 | 6.10% | 63.81% | 0.01x | 9.88x | $-33.23 Million |
| 2005 | 6.62% | 14.21% | 0.05x | 9.15x | $-32.88 Million |
| 2006 | 4.30% | 9.08% | 0.06x | 8.49x | $-57.72 Million |
| 2007 | 1.29% | 4.35% | 0.06x | 5.17x | $-173.01 Million |
| 2008 | 2.96% | 9.17% | 0.06x | 5.85x | $-129.88 Million |
| 2009 | 0.82% | 2.59% | 0.05x | 6.07x | $-160.19 Million |
| 2010 | 0.65% | 2.29% | 0.04x | 6.32x | $-163.95 Million |
| 2011 | 0.53% | 2.04% | 0.04x | 6.14x | $-168.05 Million |
| 2012 | 0.64% | 2.60% | 0.04x | 6.37x | $-169.21 Million |
| 2013 | 2.99% | 13.57% | 0.04x | 6.02x | $-131.19 Million |
| 2014 | 3.58% | 16.61% | 0.03x | 6.42x | $-118.05 Million |
| 2015 | 4.20% | 17.80% | 0.03x | 7.15x | $-100.35 Million |
| 2016 | 4.85% | 19.49% | 0.03x | 7.77x | $-85.49 Million |
| 2017 | 5.26% | 20.72% | 0.03x | 8.10x | $-80.12 Million |
| 2018 | 4.86% | 18.38% | 0.03x | 8.04x | $-90.43 Million |
| 2019 | 4.73% | 15.97% | 0.03x | 8.57x | $-89.44 Million |
| 2020 | 4.98% | 16.38% | 0.03x | 8.76x | $-83.87 Million |
| 2021 | 4.68% | 18.22% | 0.03x | 8.11x | $-92.22 Million |
| 2022 | 4.04% | 17.22% | 0.03x | 8.56x | $-109.87 Million |
| 2023 | 3.90% | 24.67% | 0.02x | 8.78x | $-117.49 Million |
| 2024 | 4.27% | 10.49% | 0.04x | 9.18x | $-106.67 Million |
| 2025 | 4.80% | 11.49% | 0.05x | 9.22x | $-98.43 Million |
Industry Comparison
This section compares TFS Financial Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $519,829,600
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TFS Financial Corporation (TFSL) | $1.90 Billion | 2.72% | 8.21x | $4.22 Billion |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $148.70 Million | 9.23% | 10.41x | $5.70 Billion |
| ACNB Corporation (ACNB) | $93.75 Million | 8.98% | 9.33x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $96.99 Million | 6.06% | 10.54x | $647.19 Million |
| Amalgamated Bank (AMAL) | $585.36 Million | 15.03% | 12.62x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $577.58 Million | -0.30% | 12.45x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $249.60 Million | 11.75% | 10.06x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.74 Billion | -4.81% | 7.35x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.60 Million |
About TFS Financial Corporation
TFS Financial Corporation, through its subsidiaries, provides retail consumer banking services in the United States. The company offers deposit products, including savings, money market, checking, individual retirement, and other qualified plan accounts, as well as certificates of deposit. It also provides residential real estate mortgage loans, residential construction loans, purchase mortgages,… Read more