TFS Financial Corp. reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company reported total interest and dividend income of $93,019,000 against $100,388,000 for the same period last year. Net interest income was $67,795,000 against $68,416,000 for the same period last year. Income before income taxes was $7,990,000 against $4,796,000 for the same period last year. Net income was $16,024,000 or $0.05 per basic and diluted share against $11,153,000 or $0.04 per basic and diluted share for the same period last year. The increase in net income is largely the result of a lower provision for loan losses, partially offset by lower gains on the sale of loans.

The company reported $13.3 million of net loan charge-offs for both the three months ended December 31, 2013 and the three months ended December 31, 2012.