TFS Financial Corp. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $95,736,000 compared to $93,019,000 a year ago. Net interest income was $67,136,000 against $67,795,000 a year ago. Net interest income after provision for loan losses was $65,136,000 compared to $61,795,000 a year ago. Income before income taxes was $25,116,000 against $24,014,000 a year ago. Net income was $16,644,000 or $0.06 per basic and diluted share against $16,024,000 or $0.05 per basic and diluted share a year ago. The increase in net income for the quarter is largely the result of a lower provision for loan losses partially offset by an increase in non-interest expense.

The company reported $3.6 million of net loan charge-offs for the three months ended December 31, 2014 compared to $13.3 million for the same period a year ago. Of the $3.6 million of net charge-offs, $2.2 million occurred in the equity loans and lines of credit portfolio, $0.6 million occurred in the residential core portfolio and $0.9 million occurred in the home portfolio.