TFS Financial Corp. reported unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported total interest and dividend income of $100,388,000 against $105,535,000 for the same period last year. Net interest income was $68,416,000 against $64,255,000 for the same period last year. Income before income taxes was $16,129,000 against $12,485,000 for the same period last year. Net income was $11,153,000 or $0.04 per basic and diluted share against $8,459,000 or $0.03 per basic and diluted share for the same period last year. The increase in net income for the quarter ended December 31, 2012 is largely the result of increases in net interest income and net gain on the sale of loans, partially offset by a higher provision for loan losses.

The company reported $13.3 million of net loan charge-offs for the three months ended December 31, 2012 compared to $75.1 million for the three months ended December 31, 2011.