TFS Financial reports Q1 EPS 8c, two-estimates 8c

Reports Q1net interest income increased $17.4M , or 30%, to $75.2M for the quarter ended December 31 compared to the same quarter a year ago. The improvement was driven by a 14% increase in the average balance of loans and a 90 basis point increase in the yield on total interest-earning assets, partially offset by an increased cost of funds. The interest rate spread for the quarter ended December 31 was 1.75% compared to 1.57% for the year-ago quarter. The net interest margin, or net interest income divided by total interest-earning assets, was 1.95% for the quarter ended December 31 , and 1.69% for the quarter ended December 31