Contact: David Reavis         (216) 429-5036 Exhibit 99.1
For release Friday, October 30, 2015

TFS FINANCIAL COMPLETES ANOTHER YEAR OF GROWTH AND STRONG EARNINGS

(Cleveland, OH - October 30, 2015) - TFS Financial Corporation (NASDAQ: TFSL) (the "Company"), the holding company for Third Federal Savings and Loan Association of Cleveland (the "Association"), today announced results for the three months and fiscal year ended September 30, 2015.
The Company reported net income of $72.6 million for the fiscal year ended September 30, 2015, compared to net income of $65.9 million for the fiscal year ended September 30, 2014. The increase in net income was mainly due to the reduction in the loan loss provision. Due to increased recoveries of previously charged-off loans and improving asset quality, a negative provision for loan losses of $6.0 million was recorded during the three months ended September 30, 2015, resulting in a negative provision of $3.0 million for the fiscal year ended September 30, 2015. A provision for loan losses of $19.0 million was recorded for the fiscal year ended September 30, 2014. For the year, the decrease in the provision for loan losses plus an increase in the net gain on the sale of loans were partially offset by an increase in non-interest expenses. The Company reported net income of $23.0 million for the three months ended September 30, 2015, compared to net income of $15.9 million for the three months ended September 30, 2014, with similar individual variances between the two periods.
"Despite the fact housing growth remains sluggish, we are pleased to announce another strong year of earnings,” said Chairman and CEO Marc A. Stefanski. “One of the highlights this year was the launch of our homebuyer’s credit campaign. With more than $1 billion in new Smart Rate originations, our adjustable rate portfolio is about 40% of our first mortgage loan portfolio, and has contributed to our healthy growth this year. Thanks to the hard work of our associates, and the continued support of our customers, shareholders and communities we serve, Third Federal is once again celebrating sunshine and blue skies.”  
Net interest income was higher for the three months ended September 30, 2015, as compared to the three months ended September 30, 2014, as the increase in interest income in the current period exceeded the increase in interest expense. For the fiscal year, net interest income was slightly lower in the current year than the previous year due to the increase in interest expense exceeding the increase in interest income. Interest income was higher for both the three months and fiscal year ended September 30, 2015, due to an increase in the balance of interest-earning assets (mainly loans) offsetting the lower yields received on those assets. The average cost of our interest-bearing liabilities is lower in the current year, but an increase in longer duration FHLB advances and brokered deposits, which improved our interest rate risk characteristics, also tempered the decline in the average cost of interest-bearing liabilities. A strategy to increase net income, which was implemented at the beginning of the current fiscal year, was utilized mainly during the first six months of the fiscal year but, due to reduced effectiveness in increasing net income, was used less frequently during the last six months. The strategy involves borrowing, on an overnight basis, approximately $1 billion of additional funds from the FHLB. The proceeds of the borrowing, net of the required investment in FHLB stock, are deposited at the Federal Reserve. The essentially risk-free strategy serves to increase net income slightly but also negatively impacts the interest rate spread and net interest margin due to the increase in the average balance of low yield interest-earning cash equivalents. The strategy, other than the increased investment in FHLB stock, was not utilized at year end, but remains an option, dependent on market rates, to be utilized in the future. Net interest income was $68.0 million for the quarter ended September 30, 2015 and $66.7 million for the quarter ended September 30, 2014. Net interest income decreased $1.3 million, or 1.1%, to $270.1 million for the fiscal year ended September 30, 2015 from $271.4 million for the fiscal year ended September 30, 2014. The interest rate spread was 2.07% for the quarter ended September 30, 2015 and 2.16% for the quarter ended September 30, 2014. The interest rate spread for the fiscal year ended September 30, 2015 was 2.03% compared to 2.26% for the prior year. The net interest margin for the quarter ended September 30, 2015 was 2.21% compared to 2.34% for the quarter ended September 30, 2014. The net interest margin for the fiscal year ended September 30, 2015 was 2.17% as compared to 2.42% for the fiscal year ended September 30, 2014.
The Company continues to experience improving loan performance metrics and has recently seen elevated levels of recoveries of previously charged-off loans. Recoveries of $5.1 million in the three months ended September 30, 2015, $9.2 million in the last six months, and $14.5 million for the fiscal year ended September 30, 2015, contributed to a lower provision for loan losses and net charge-offs for both the current three months and fiscal year as compared to last year. Recoveries were $9.8 million during the fiscal year ended September 30, 2014. The Company recorded a negative provision for loan losses of $6.0 million for the three months ended September 30, 2015 compared to a provision of $4.0 million for the three months ended September 30, 2014. The Company recorded a negative provision for loan losses of $3.0 million for the fiscal year ended September 30, 2015 compared to a provision of $19.0 million for the fiscal year ended September 30, 2014. The Company reported $6.8 million of net loan charge-offs for the fiscal year ended September 30, 2015 compared to $30.2 million for the


The following information was filed by Tfs Financial Corp (TFSCY) on Friday, October 30, 2015 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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