TFS Financial repurchased 355K shares at $14.07 average in nine months
Eighth program has 4.6M shares remaining authorized since October 2016
What the filing says
TFS Financial Corporation repurchased 355,241 shares of its common stock during the nine months ended June 30, 2026, at an average price of $14.07 per share, totaling approximately $5.0 million in share buybacks. This activity is part of the Company's eighth stock repurchase program, which was authorized by the Board of Directors in October 2016.
The repurchase program authorizes a total of 10,000,000 shares. As of June 30, 2026, 4,588,845 shares remained authorized for repurchase under this program, representing approximately 45.9% of the original authorization still available.
The buyback activity in the nine-month period contributed to a reduction in outstanding shares while the Company maintained record earnings of $76.1 million for the period. Share repurchases were offset against other capital allocation priorities, including dividends of $45.2 million paid during the same nine-month period.
During the nine months ended June 30, 2026, a total of 355,241 shares of the Company's common stock were repurchased at an average cost of $14.07 per share. The Company's eighth stock repurchase program, authorized by the Board of Directors in October 2016, allows for a total of 10,000,000 shares to be repurchased, with 4,588,845 remaining shares authorized for repurchase at June 30, 2026. — TFS Financial CORP 8-K filing · View on SEC EDGAR →
What this means
TFS Financial's buyback activity in this period represents modest capital return relative to its earnings and equity base. The Company repurchased approximately 0.13% of its outstanding shares at an average price of $14.07, reducing the average diluted share count. With 4.6 million shares still authorized under a program established a decade ago, the company retains significant flexibility for future repurchases. The buyback represents a measured approach to capital deployment alongside ongoing dividend payments and reinvestment in growth initiatives such as the core banking system upgrade.
Frequently asked questions
- How much did TFS Financial spend on share repurchases in the nine-month period?
- TFS Financial repurchased 355,241 shares at an average cost of $14.07 per share, totaling approximately $5.0 million. This represents a modest allocation of capital compared to the Company's net income of $76.1 million for the same period.
- What is the status of TFS Financial's stock repurchase authorization?
- The Company's eighth repurchase program, authorized in October 2016, allows for up to 10 million shares. As of June 30, 2026, 4,588,845 shares remained authorized for repurchase, providing the company with approximately $64.6 million in potential repurchase capacity at the execution price.
- How does the buyback compare to other capital uses?
- During the nine months ended June 30, 2026, the Company paid $45.2 million in dividends and repurchased $5.0 million in shares, totaling $50.2 million in shareholder distributions. This represented a conservative capital return relative to the Company's $76.1 million in net income.
- When was TFS Financial's current repurchase program authorized?
- The eighth repurchase program was authorized by the Board of Directors in October 2016, approximately 10 years before the execution period covered in this filing. The longevity of the authorization provides management with ongoing flexibility.
- What execution mechanism did TFS Financial use for its buybacks?
- The filing does not specify the execution mechanism used for the repurchases. Theylikely occurred under Rule 10b-18 open-market purchases, though this is not explicitly stated in the disclosure.