Exhibit 99.1

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Jennifer Rosa       (216) 429-5037

Monica Martines (216) 441-7346

For release Friday, November 13, 2009

TFS Financial Corporation Announces Fourth Quarter and Year Ended September 30, 2009 Financial Results

(Cleveland, OH – November 13, 2009) – TFS Financial Corporation (NASDAQ: TFSL) (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland, today announced quarterly and fiscal year results for the periods ended September 30, 2009.

The Company reported a net loss of $12.9 million for the three months ended September 30, 2009, compared to net income of $14.1 million for the three months ended September 30, 2008. This change was mainly attributed to an increase in the provision for loan losses in the fourth quarter, partially offset by an increase in net gain on the sale of loans and decreases in marketing services and income tax expense. Net income of $14.4 million was reported for the year ended September 30, 2009, compared to net income of $54.5 million for the year ended September 30, 2008. This change was attributed to increases in the provision for loan losses and non-interest expenses partially offset by increases in both net interest income and non-interest income and a decrease in income tax expense in the 2009 fiscal year period.

The Company recorded a provision for loan losses of $57.0 million for the three months ended September 30, 2009 and $9.0 million for the three months ended September 30, 2008. The provisions exceeded net charge-offs of $17.6 million and $7.4 million for the three months ended September 30, 2009 and 2008, respectively. The Company’s provision for loan losses was $115.0 million for the year ended September 30, 2009 and $34.5 million for the year ended September 30, 2008. The provisions recorded exceeded net charge-offs of $63.5 million and $15.8 million for the fiscal years ended September 30, 2009 and 2008, respectively. The increased provisions reflect the unprecedented level of net charge-offs over the past few quarters and the uncertain economic times that face many of our loan customers. A combination of various market conditions, mainly a decrease in home values and an increase in unemployment rates, have caused higher delinquencies and charge-offs in the loan portfolio. The market valuation allowance, which supplements historic loss factors used in determining an appropriate allowance level, has been expanded due to the magnitude and persistence of these negative trends. The allowance for loan losses was $95.2 million, or 1.02% of total loans receivable, at September 30, 2009, compared to $43.8 million, or 0.47% of total loans receivable, at September 30, 2008.

Non-performing loans increased by $82.9 million to $255.8 million, or 2.73% of total loans, at September 30, 2009 from $172.9 million, or 1.86% of total loans, at September 30, 2008. Of the $82.9 million increase in non-


The following information was filed by Tfs Financial Corp (TFSCY) on Friday, November 13, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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