TFS Financial (TFSL)
Market Price (6/6/2026): $16.405 | Market Cap: $4.6 BilSector: Financials | Industry: Regional Banks
TFS Financial (TFSL)
Market Price (6/6/2026): $16.405Market Cap: $4.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% Low stock price volatilityVol 12M is 22% Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 19% Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 3.9% Megatrend and thematic driversMegatrends include Traditional & Regional Banking. Themes include Residential Mortgage Lending, Community Deposit Institutions, and Digital Retail Banking. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 103% Expensive valuation multiplesP/SPrice/Sales ratio is 14x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x, P/EPrice/Earnings or Price/(Net Income) is 49x Key risksTFSL key risks include [1] the potential dissolution of its mutual holding company structure and [2] a high loan portfolio concentration in the Ohio and Florida regional markets. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24% |
| Low stock price volatilityVol 12M is 22% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 19% |
| Uninsured deposits are lowUninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 3.9% |
| Megatrend and thematic driversMegatrends include Traditional & Regional Banking. Themes include Residential Mortgage Lending, Community Deposit Institutions, and Digital Retail Banking. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 103% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 14x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 50x, P/EPrice/Earnings or Price/(Net Income) is 49x |
| Key risksTFSL key risks include [1] the potential dissolution of its mutual holding company structure and [2] a high loan portfolio concentration in the Ohio and Florida regional markets. |
Qualitative Assessment
AI Analysis | Feedback
TFS Financial (TFSL) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Performance and Operational Improvements.
TFS Financial reported solid financial results for its fiscal Q2 2026, which ended March 31, 2026. The company announced earnings per share (EPS) of $0.08, meeting consensus analyst estimates. Revenue for the quarter reached $85.24 million, surpassing analysts' expectations of $84.70 million. Net income for the quarter increased by 4.0% to $23.2 million compared to $22.3 million in the preceding fiscal quarter. This growth was primarily driven by a 2.8% rise in net interest income to $77.8 million, aided by a 12-basis-point decrease in the cost of interest-bearing liabilities. Furthermore, the company benefited from increasing yields on Smart Rate Adjustable-Rate Mortgages (ARMs) resetting and effective management of deposit costs, along with stronger mortgage origination activity and improved lending operations, particularly in home equity products and first mortgage lending.
2. Consistent High Dividend Yield and Strategic Dividend Waivers.
TFS Financial maintained a consistent and attractive dividend payout, declaring a quarterly cash dividend of $0.2825 per share. One such dividend was paid on March 25, 2026, to stockholders of record on March 11, 2026, and another was declared on May 28, 2026, payable on June 24, 2026, to stockholders of record on June 10, 2026. The stock has offered a high dividend yield, ranging from approximately 7.1% to 7.3% during this period. A significant factor contributing to this value proposition is the ongoing practice of Third Federal Savings and Loan Association of Cleveland, MHC (the mutual holding company), which owns 81% of TFS Financial's common stock, to waive its right to receive these quarterly dividends. This strategic waiver, which received member approval through July 8, 2026, effectively channels more of the dividend distribution to public shareholders.
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Stock Movement Drivers
Fundamental Drivers
The 19.6% change in TFSL stock from 2/28/2026 to 6/5/2026 was primarily driven by a 16.8% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.73 | 16.42 | 19.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 330 | 336 | 1.9% |
| Net Income Margin (%) | 27.5% | 27.6% | 0.6% |
| P/E Multiple | 42.2 | 49.2 | 16.8% |
| Shares Outstanding (Mil) | 279 | 279 | 0.0% |
| Cumulative Contribution | 19.6% |
Market Drivers
2/28/2026 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TFSL | 19.6% | |
| Market (SPY) | 7.8% | 40.6% |
| Sector (XLF) | 2.2% | 58.8% |
Fundamental Drivers
The 20.0% change in TFSL stock from 11/30/2025 to 6/5/2026 was primarily driven by a 17.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.68 | 16.42 | 20.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 321 | 336 | 4.7% |
| Net Income Margin (%) | 28.3% | 27.6% | -2.3% |
| P/E Multiple | 41.9 | 49.2 | 17.4% |
| Shares Outstanding (Mil) | 279 | 279 | 0.0% |
| Cumulative Contribution | 20.0% |
Market Drivers
11/30/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TFSL | 20.0% | |
| Market (SPY) | 8.5% | 35.8% |
| Sector (XLF) | -1.1% | 58.0% |
Fundamental Drivers
The 35.1% change in TFSL stock from 5/31/2025 to 6/5/2026 was primarily driven by a 18.5% change in the company's P/E Multiple.| (LTM values as of) | 5312025 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.16 | 16.42 | 35.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 305 | 336 | 10.5% |
| Net Income Margin (%) | 26.8% | 27.6% | 3.2% |
| P/E Multiple | 41.5 | 49.2 | 18.5% |
| Shares Outstanding (Mil) | 279 | 279 | 0.0% |
| Cumulative Contribution | 35.1% |
Market Drivers
5/31/2025 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TFSL | 35.1% | |
| Market (SPY) | 26.6% | 40.0% |
| Sector (XLF) | 4.2% | 55.6% |
Fundamental Drivers
The 83.5% change in TFSL stock from 5/31/2023 to 6/5/2026 was primarily driven by a 60.0% change in the company's P/E Multiple.| (LTM values as of) | 5312023 | 6052026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.95 | 16.42 | 83.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 312 | 336 | 7.9% |
| Net Income Margin (%) | 25.9% | 27.6% | 6.8% |
| P/E Multiple | 30.8 | 49.2 | 60.0% |
| Shares Outstanding (Mil) | 277 | 279 | -0.5% |
| Cumulative Contribution | 83.5% |
Market Drivers
5/31/2023 to 6/5/2026| Return | Correlation | |
|---|---|---|
| TFSL | 83.5% | |
| Market (SPY) | 83.4% | 43.4% |
| Sector (XLF) | 72.8% | 56.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TFSL Return | 7% | -13% | 11% | -7% | 16% | 25% | 40% |
| Peers Return | 32% | 1% | 3% | 13% | 7% | 14% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| TFSL Win Rate | 50% | 33% | 50% | 42% | 67% | 83% | |
| Peers Win Rate | 72% | 42% | 50% | 50% | 52% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| TFSL Max Drawdown | -20% | -27% | -25% | -19% | -14% | -11% | |
| Peers Max Drawdown | -21% | -23% | -34% | -17% | -22% | -14% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: HOMB, UBSI, ABCB, FFBC, PFS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
How Low Can It Go
| Event | TFSL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.0% | -18.8% |
| % Gain to Breakeven | 13.6% | 23.1% |
| Time to Breakeven | 23 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -16.9% | -9.5% |
| % Gain to Breakeven | 20.3% | 10.5% |
| Time to Breakeven | 23 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.0% | -6.7% |
| % Gain to Breakeven | 26.5% | 7.1% |
| Time to Breakeven | 75 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.1% | -24.5% |
| % Gain to Breakeven | 35.3% | 32.4% |
| Time to Breakeven | 766 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.4% | -33.7% |
| % Gain to Breakeven | 70.8% | 50.9% |
| Time to Breakeven | 327 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -12.8% | -3.7% |
| % Gain to Breakeven | 14.7% | 3.9% |
| Time to Breakeven | 536 days | 6 days |
In The Past
TFS Financial's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.
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Asset Allocation
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| Event | TFSL | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.0% | -6.7% |
| % Gain to Breakeven | 26.5% | 7.1% |
| Time to Breakeven | 75 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -26.1% | -24.5% |
| % Gain to Breakeven | 35.3% | 32.4% |
| Time to Breakeven | 766 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -41.4% | -33.7% |
| % Gain to Breakeven | 70.8% | 50.9% |
| Time to Breakeven | 327 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -20.8% | -17.9% |
| % Gain to Breakeven | 26.3% | 21.8% |
| Time to Breakeven | 218 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -20.8% | -53.4% |
| % Gain to Breakeven | 26.3% | 114.4% |
| Time to Breakeven | 44 days | 1085 days |
In The Past
TFS Financial's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About TFS Financial (TFSL)
AI Analysis | Feedback
1. It's like a regional version of Wells Fargo, with a strong focus on residential mortgages and consumer savings accounts.
2. Think of it as a community bank, similar to a local branch of KeyBank or Huntington, but specialized in home loans and deposit products for residents in Ohio and Florida.
AI Analysis | Feedback
- Deposit Accounts: Offers various accounts for savings and managing funds, including checking, savings, money market, and certificates of deposit.
- Residential Mortgage Loans: Provides loans for purchasing, refinancing, and constructing residential properties.
- Home Equity Loans and Lines of Credit: Allows homeowners to borrow against their home's equity.
- Escrow and Settlement Services: Facilitates real estate transactions by managing funds and documents.
AI Analysis | Feedback
```htmlTFS Financial Corporation (TFSL) primarily sells its services to individuals rather than other companies. Based on the services described, its major customer categories include:
- Depositors and Savers: Individuals who open various deposit accounts such as savings, money market, checking, individual retirement accounts (IRAs), and certificates of deposit (CDs).
- Homeowners and Borrowers: Individuals seeking financing for residential real estate, including residential real estate mortgage loans, residential construction loans, home equity loans, and lines of credit, as well as those looking for purchase mortgages and first mortgage refinance loans.
- Real Estate Transactors: Individuals involved in property transactions who utilize the company's escrow and settlement services.
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Marc A. Stefanski President and Chief Executive Officer
Marc A. Stefanski joined Third Federal Savings and Loan in 1982 and was appointed Chairman of the Board and Chief Executive Officer in 1987, succeeding his father in these positions. He was elected President of Third Federal Savings and Loan and the Company in 2000. His parents, Ben and Gerome Stefanski, founded Third Federal Savings and Loan in 1938.
Meredith S. Weil Chief Financial Officer
Meredith S. Weil joined Third Federal Savings and Loan in 1999. She was named Chief Financial Officer of Third Federal and TFS Financial Corporation in 2024. In her more than 25-year tenure with the company, she has held several key management roles, most recently as Chief Operating Officer from 2012-2023. Prior to that role, she served as Regional Manager of Retail Delivery Operations, as well as the head of Customer Service, Internet Services, and Marketing.
Andrew J. Rubino Chief Operating Officer
Andrew J. Rubino was appointed Chief Operating Officer effective September 1, 2025. He served as Chief Information Officer since 2021 and joined Third Federal Savings and Loan in 2000. During his tenure, Mr. Rubino has served as a manager in several strategic areas of the company, including Loan Production, Customer Care, Internet Services, Operations Support, and as Chief Marketing Officer.
Susanne N. Miller Chief Accounting Officer
Susanne N. Miller was named Chief Accounting Officer. She joined the Accounting Department as a manager in 2007, where she has overseen procedure implementation, corporate tax reporting, and financial statement preparation.
Cathy W. Zbanek Chief Synergy Officer
Cathy W. Zbanek joined the Association in 2001 and was named Chief Synergy Officer in 2020. She most recently served as Chief Marketing and Human Resources Officer since 2013. Prior to her executive team roles, Ms. Zbanek directed several of the company's key strategic business projects as well as systems design and development, and managed departments including Customer Service and Marketing.
AI Analysis | Feedback
The key risks for TFS Financial (TFSL) are primarily related to its unique corporate structure, sensitivity to interest rate fluctuations, and inherent lending risks coupled with geographic concentration.
Potential Dissolution of Mutual Holding Company Structure: The primary risk for TFS Financial is the potential dissolution of its mutual holding company structure, which currently underpins its high dividend yield. Should the company announce a "second-step conversion" or full dissolution of this structure, it could lead to a significant decline in the dividend yield and a subsequent sell-off of the stock.
Interest Rate Risk: TFS Financial has historically been exposed to interest rate risk due to its business model of originating long-term fixed-rate assets, such as residential real estate mortgage loans, which are funded by short-term liabilities. Fluctuations in interest rates, particularly changes in the shape of the yield curve and short-term rates, can adversely affect the company's net interest income. An environment with a flattening or inverted yield curve, or rapidly rising short-term rates, could increase funding costs faster than asset yields, impacting profitability.
Credit Risk and Regional Market Concentration: As a retail consumer banking service focused on mortgage lending, TFS Financial is inherently exposed to credit risk, which is the risk of borrowers failing to fulfill their financial obligations. Although the company has reported decent asset quality recently, concerns about loan quality and potential credit losses remain a significant risk for regional banks, especially during periods of economic uncertainty. This risk is amplified by TFS Financial's high concentration of its loan portfolio in specific states, namely Ohio and Florida, making the company particularly vulnerable to regional economic downturns or adverse property market fluctuations within these areas.
AI Analysis | Feedback
The rise of digital-first banks (neobanks) and financial technology (fintech) companies. These entities leverage technology to offer deposit products (savings, checking, money market) and lending products (including mortgages and home equity) with significantly lower operational overhead than traditional banks with extensive branch networks like TFS Financial. They often provide more competitive rates, superior user interfaces, and greater convenience, thereby attracting customers away from traditional institutions and threatening TFSL's ability to attract and retain deposits and loan customers, potentially squeezing its net interest margin and market share.
AI Analysis | Feedback
TFS Financial (TFSL) operates in addressable markets primarily within Ohio and Florida for its retail consumer banking services.
Deposit Products
- Ohio: The overall deposit market in Ohio was approximately $565.32 billion in 2025.
- Florida: Total bank deposits in Florida reached $831 billion in 2024.
Residential Real Estate Mortgage Loans
- Ohio: In 2024, more than 158,000 residential real estate loans were originated, totaling $38.9 billion.
- Florida: In 2024, the average home loan in Florida was $383,323. In February 2026, 25,724 homes were sold in Florida.
Residential Construction Loans
- United States: The volume of outstanding 1-4 family residential construction and land development loans was $90.0 billion in the first quarter of 2025.
Home Equity Loans and Lines of Credit
- United States: The home equity lending market size in the U.S. was $186.59 billion in 2026.
AI Analysis | Feedback
TFS Financial Corporation (TFSL) is expected to drive future revenue growth through several key strategies focused on its core banking operations and strategic investments over the next two to three years.
- Expansion of Loan Portfolio
The company anticipates revenue growth through the expansion of its loan portfolio, specifically in residential mortgage loans and home equity loans and lines of credit. TFS Financial has seen an increase in home equity loans and lines of credit, and residential mortgage loans are being replaced with higher-yielding alternatives as older, lower-rate loans amortize. This shift and overall growth in lending are primary drivers for increasing net interest income. - Improvement in Net Interest Margin (NIM)
A continued focus on improving or managing the net interest margin (NIM) is a significant driver for future revenue. The company has demonstrated efforts to adapt to interest rate environments, with reported increases in net interest margin and interest rate spread in recent quarters. While recent rate cuts have presented some margin pressure, the company actively manages its loan portfolio and funding costs to optimize NIM. - Growth in Non-Interest Income
TFS Financial aims to increase its non-interest income, which has been a contributing factor to overall revenue growth. This growth is primarily attributed to increases in fees and service charges, particularly from equity lines of credit, and net gains on the sale of loans. - Strong Retail Deposit Growth
Maintaining and growing a strong retail deposit base is crucial for providing a stable and cost-effective funding source for the company's lending activities, indirectly supporting net interest income and overall revenue. TFS Financial reported a significant increase in retail deposits in fiscal year 2025. - Strategic Investments in Marketing and Technology
Investments in marketing and technology are strategic initiatives designed to attract and retain deposit customers and enhance operational efficiency. While these investments initially increase non-interest expenses, they are intended to position the company for sustainable growth by expanding its customer base and improving service delivery, ultimately driving future revenue.
AI Analysis | Feedback
Share Repurchases
- TFS Financial has an eighth stock repurchase program in place, which authorizes the purchase of up to 10,000,000 shares of its outstanding common stock.
- As of September 30, 2025, there were 4,944,086 shares remaining authorized for repurchase under the eighth stock repurchase program.
- In fiscal year 2025 (ended September 30, 2025), the company repurchased 247,865 shares at an average cost of $13.05 per share. For the quarter ended December 31, 2025 (first quarter of fiscal year 2026), an additional 139,442 shares were repurchased at an average cost of $13.66 per share, amounting to $1.9 million.
Share Issuance
- As of December 31, 2025, TFS Financial had 700,000,000 shares of common stock authorized, with 332,318,750 shares issued. The available information does not indicate significant new share issuances for capital raising purposes within the last 3-5 years.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.98 |
| Mkt Cap | 5.0 |
| Rev LTM | 1,023 |
| Op Inc LTM | - |
| FCF LTM | 465 |
| FCF 3Y Avg | 394 |
| CFO LTM | 484 |
| CFO 3Y Avg | 419 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.4% |
| Rev Chg 3Y Avg | 5.3% |
| Rev Chg Q | 8.6% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 43.4% |
| CFO/Rev 3Y Avg | 41.8% |
| FCF/Rev LTM | 41.6% |
| FCF/Rev 3Y Avg | 39.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.0 |
| P/S | 4.8 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 11.8 |
| P/CFO | 11.1 |
| Total Yield | 11.7% |
| Dividend Yield | 3.0% |
| FCF Yield 3Y Avg | 9.2% |
| D/E | 0.2 |
| Net D/E | -0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.9% |
| 3M Rtn | 11.1% |
| 6M Rtn | 16.3% |
| 12M Rtn | 36.3% |
| 3Y Rtn | 57.2% |
| 1M Excs Rtn | 0.6% |
| 3M Excs Rtn | 1.5% |
| 6M Excs Rtn | 8.5% |
| 12M Excs Rtn | 12.4% |
| 3Y Excs Rtn | -0.7% |
Price Behavior
| Market Price | $16.42 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 04/23/2007 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $15.04 | $13.83 |
| DMA Trend | up | up |
| Distance from DMA | 9.2% | 18.8% |
| 3M | 1YR | |
| Volatility | 18.5% | 22.5% |
| Downside Capture | 35.08 | 70.49 |
| Upside Capture | 91.75 | 87.55 |
| Correlation (SPY) | 45.8% | 41.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.57 | 0.76 | 0.57 | 0.69 | 0.77 | 0.70 |
| Up Beta | 1.18 | 0.84 | 0.68 | 0.90 | 0.97 | 0.74 |
| Down Beta | 0.09 | -0.39 | 0.06 | 0.16 | 0.58 | 0.56 |
| Up Capture | 72% | 83% | 82% | 85% | 76% | 50% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 22 | 32 | 66 | 130 | 383 |
| Down Capture | 6% | 92% | 49% | 73% | 78% | 89% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 19 | 30 | 57 | 113 | 351 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFSL | |
|---|---|---|---|---|
| TFSL | 36.0% | 22.4% | 1.29 | - |
| Sector ETF (XLF) | 4.6% | 14.6% | 0.09 | 55.6% |
| Equity (SPY) | 25.3% | 12.1% | 1.57 | 39.9% |
| Gold (GLD) | 27.6% | 26.9% | 0.88 | 12.6% |
| Commodities (DBC) | 36.9% | 19.0% | 1.52 | -10.6% |
| Real Estate (VNQ) | 12.5% | 13.3% | 0.63 | 43.5% |
| Bitcoin (BTCUSD) | -39.7% | 42.2% | -1.08 | 19.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFSL | |
|---|---|---|---|---|
| TFSL | 2.0% | 23.6% | 0.05 | - |
| Sector ETF (XLF) | 8.5% | 18.6% | 0.34 | 60.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.62 | 49.2% |
| Gold (GLD) | 17.3% | 18.1% | 0.78 | 9.4% |
| Commodities (DBC) | 9.5% | 19.4% | 0.38 | 9.1% |
| Real Estate (VNQ) | 3.2% | 18.8% | 0.07 | 50.3% |
| Bitcoin (BTCUSD) | 12.1% | 54.6% | 0.42 | 18.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TFSL | |
|---|---|---|---|---|
| TFSL | 5.5% | 24.5% | 0.23 | - |
| Sector ETF (XLF) | 12.6% | 22.2% | 0.52 | 63.9% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 52.4% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 3.8% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 15.2% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 51.3% |
| Bitcoin (BTCUSD) | 63.9% | 66.9% | 1.03 | 13.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/30/2026 | -0.1% | 0.1% | 4.1% |
| 1/29/2026 | -4.2% | -1.2% | -2.5% |
| 7/30/2025 | 4.0% | 0.9% | 12.8% |
| 4/30/2025 | 2.0% | 3.3% | 1.9% |
| 1/30/2025 | 7.3% | 8.5% | 3.4% |
| 7/30/2024 | -1.5% | -7.0% | -2.1% |
| 4/30/2024 | 5.7% | 7.7% | 9.0% |
| 1/30/2024 | -4.4% | -6.6% | -8.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 11 | 10 |
| # Negative | 10 | 8 | 9 |
| Median Positive | 4.0% | 3.3% | 4.3% |
| Median Negative | -1.5% | -2.6% | -2.5% |
| Max Positive | 7.9% | 8.5% | 12.8% |
| Max Negative | -4.4% | -7.0% | -8.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-Q |
| 09/30/2025 | 11/25/2025 | 10-K |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-Q |
| 09/30/2024 | 11/22/2024 | 10-K |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-Q |
| 09/30/2022 | 11/22/2022 | 10-K |
| 06/30/2022 | 08/08/2022 | 10-Q |
Insider Activity
Updated 6/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Weil, Meredith S | Chief Financial Officer | Direct | Sell | 6042026 | 15.91 | 4,105 | 65,311 | 612,217 | Form |
| 2 | Weir, Daniel F | IRA | Buy | 6012026 | 15.85 | 7,000 | 110,950 | 791,597 | Form | |
| 3 | Rubino, Andrew J | Chief Operating Officer | Direct | Sell | 5272026 | 16.09 | 594 | 9,557 | 342,878 | Form |
| 4 | Zbanek, Cathy W | Chief Synergy Officer | Direct | Sell | 5202026 | 15.26 | 10,000 | 152,600 | 932,401 | Form |
| 5 | Weir, Daniel F | IRA | Buy | 5152026 | 15.02 | 7,000 | 105,140 | 645,004 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Regional Banks Resources |
| Bank Director |
| Independent Banker |
| S&P Global Market Intelligence |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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