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Consolidated Statements Of Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2023
INTEREST AND DIVIDEND INCOME:
Loans, including fees	$ 706,483	$ 663,685	$ 565,610
Investment securities available for sale	18,734	18,228	14,370
Other interest and dividend earning assets	37,963	52,161	31,939
Interest income	763,180	734,074	611,919
INTEREST EXPENSE:
Deposits	308,760	292,728	174,201
Borrowed funds	161,726	162,888	154,151
Interest expense	470,486	455,616	328,352
Net interest income	292,694	278,458	283,567
Financing Receivable, Credit Loss, Expense (Reversal)	2,500	(1,500)	(1,500)
Net interest income after provision for loan losses	290,194	279,958	285,067
NON-INTEREST INCOME
Net gain on the sale of loans	5,342	2,747	498
Increase in and death benefits from bank owned life insurance contracts	10,745	9,999	9,355
Other	3,164	3,887	3,736
Non-interest income	28,780	24,702	21,429
NON-INTEREST EXPENSE
Salaries and employee benefits	109,502	107,782	112,785
Marketing services	18,633	19,731	25,288
Office property, equipment and software	29,350	28,314	27,734
Federal insurance premium and assessments	14,165	14,571	13,452
State franchise tax	4,567	4,744	4,891
Other expenses	28,042	29,205	28,979
Total non-interest expense	204,259	204,347	213,129
Income tax expense	23,756	20,725	18,117
Net income	$ 90,959	$ 79,588	$ 75,250
Earnings per share
Earnings per share - Basic	$ 0.32	$ 0.28	$ 0.27
Earnings per share - Diluted	$ 0.32	$ 0.28	$ 0.26
Weighted average shares outstanding
Basic	278,715,769	278,178,496	277,436,382
Diluted	279,758,525	279,143,524	278,583,454
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$ 114,715	$ 100,313	$ 93,367
Banking
NON-INTEREST INCOME
Fees and service charges, net of amortization	$ 9,529	$ 8,069	$ 7,840

This element represents furniture and equipment expense including depreciation, repairs, rentals, and service contract costs. This item also includes equipment purchases which do not qualify for capitalization in accordance with accounting policy. In addition, this item includes the amount charged to expense for amortization of capitalized computer software costs as well as amounts incurred for software development activities that were not capitalized.

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TFS Financial CORP 10-K