TFS Financial Corporation (TFSL) is a holding company whose subsidiaries primarily originate and service residential real estate loans and attract retail savings deposits. While TFSL was established in 1938, it was listed in 2007. The company has had a profitable, albeit below average, run over the four years ending 2019 and became a $15-billion bank in 2020. While below-average profitability is a concern, TFSL’s management has shown commitment to enhancing operational effectiveness. It has also recently seen its strategy of adhering to federal loan regulations pay off after realizing a profit on asset