TFS Financial Corp: A Long-Forgotten Second-Step Thrift Conversion Can Still Provide Value

Core Viewpoint - TFS Financial Corporation is a community bank with a presence in Ohio and Florida, serving additional states through online operations, founded in 1938 [1] Company Overview - TFS Financial Corporation operates as a community bank with physical locations in Ohio and Florida [1] - The bank also provides services to twenty-seven other states and the District of Columbia through its online platform [1] Investment Perspective - The company is characterized by small capitalization and presents high optionality to the upside compared to relative downside risk [1]