TFS Financial Corp. announced unaudited consolidated earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported net interest income of $67,641,000 compared to $67,136,000 a year ago. Income before income taxes was $27,125,000 compared to $25,116,000 a year ago. Net income was $17,851,000 compared to $16,644,000 a year ago. Earnings per share basic and diluted were $0.06 compared to $0.06 a year ago. The increase in net income for the quarter is largely the result of a lower provision for loan losses, combined with higher net interest income, and partially offset by an increase in non-interest expenses.

The company reported $1.3 million of net loan charge-offs for the three months ended December 31, 2015 compared to $3.6 million for the three months ended December 31, 2014.