TFSL TFS Financial Corporation - Common Stock
$17.53
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$13–$19
72% of range
Analyst Rating
HOLD
7 analysts
Price Target
$19
+8% upside
P/E (TTM)
54.8
ROE
4.8%
Net Profit Margin
28.3%
TFSL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$17.53
Market Cap
$4.92B
P/E (TTM)
54.8
EPS (TTM)
$0.32
Revenue (TTM)
—
Div Yield
1.2%
ROE
4.8%
Debt/Equity
—
52W Range
$13 – $19
TFSL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$0.32
2016-09-30
→
2025-09-30
Free Cash Flow
$71M
2016-09-30
→
2025-09-30
Margins
28.3%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TFSL
Peer Median
P/E (TTM)
54.8
13.4
P/B
2.6
1.1
Price / FCF
69.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TFSL
Peer Median
Net Profit Margin
28.3%
27.7%
ROA
0.53%
0.98%
ROE
4.8%
8.2%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TFSL
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TFSL
Peer Median
Revenue YoY
6.0%
—
Revenue CAGR 3Y
3.4%
—
Revenue CAGR 5Y
1.7%
—
EPS YoY
14.3%
—
Net Income YoY
14.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TFSL
Peer Median
Payout Ratio
65.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.2%
Payout Ratio
65.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 10, 2026 | $0.2830 |
| March 11, 2026 | $0.2830 |
| Dec. 2, 2025 | $0.2830 |
| Sept. 10, 2025 | $0.2830 |
| June 10, 2025 | $0.2830 |
| March 6, 2025 | $0.2830 |
| Dec. 3, 2024 | $0.2830 |
| Sept. 10, 2024 | $0.2830 |
| June 11, 2024 | $0.2830 |
| March 6, 2024 | $0.2830 |
| Nov. 28, 2023 | $0.2830 |
| Sept. 11, 2023 | $0.2830 |
| May 26, 2023 | $0.2830 |
| March 6, 2023 | $0.2830 |
| Nov. 28, 2022 | $0.2830 |
| Sept. 2, 2022 | $0.2830 |
| June 6, 2022 | $0.2830 |
| March 7, 2022 | $0.2830 |
| Nov. 29, 2021 | $0.2830 |
| Sept. 3, 2021 | $0.2830 |
TFSL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
7 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 4 57.1%
- Sell 1 14.3%
- Strong Sell 2 28.6%
12-Month Price Target
2 analysts · 2026-08-16
Median
$19.00
← Below all targets
$17.53
Low
$18.00
High
$20.00
Median target
$19.00
+8.4%
Mean target
$19.00
+8.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.11 | $0.08 | 0.03% |
| March 31, 2026 | $0.08 | $0.08 | -0.00% |
| Dec. 31, 2025 | $0.08 | $0.08 | -0.00% |
| Sept. 30, 2025 | $0.09 | $0.08 | 0.01% |
| June 30, 2025 | $0.08 | $0.08 | -0.00% |
| March 31, 2025 | $0.07 | $0.07 | -0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TFSL | $3.70B | 41.2 | 6.0% | 28.3% | 4.8% | — |
| OZK | — | — | — | — | — | — |
| AX | $4.30B | 10.2 | 1.8% | 658.0% | 16.6% | — |
| EBC | $4.34B | 42.9 | 19.1% | 65.8% | 2.2% | — |
| FFIN | $4.28B | 16.9 | 14.7% | 40.2% | 13.9% | — |
| SFBS | $3.92B | 14.2 | 16.8% | 49.2% | 16.0% | — |
| FULT | — | — | — | — | — | — |
| IBOC | — | 10.0 | 1.0% | 49.0% | 13.1% | — |
| UCB | $3.77B | 11.9 | 11.7% | 30.9% | 9.0% | — |
| TCBI | $4.69B | 13.3 | 34.7% | 26.3% | 9.2% | — |
| CATY | $3.25B | 10.7 | 2.9% | 585.8% | 10.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | $328M | $142M | $158M | $213M | $217M | $162M | $130M | $118M | $113M | $103M | |
| Interest Income | $763M | $734M | $612M | $409M | $389M | $455M | $482M | $443M | $409M | $388M | $383M | $375M | |
| Pretax Income | $115M | $100M | $93M | $92M | $100M | $100M | $102M | $121M | $133M | $122M | $109M | $99M | |
| Income Tax | $24M | $21M | $18M | $17M | $19M | $17M | $22M | $36M | $44M | $42M | $37M | $33M | |
| Net Income | $91M | $80M | $75M | $75M | $81M | $83M | $80M | $85M | $89M | $81M | $73M | $66M | |
| EPS (Basic) | $0.32 | $0.28 | $0.27 | $0.26 | $0.29 | $0.30 | $0.29 | $0.31 | $0.32 | $0.28 | $0.25 | $0.22 | |
| EPS (Diluted) | $0.32 | $0.28 | $0.26 | $0.26 | $0.29 | $0.29 | $0.28 | $0.30 | $0.32 | $0.28 | $0.25 | $0.22 | |
| Shares (Basic) | 278,715,769 | 278,178,496 | 277,436,382 | 277,370,762 | 276,694,594 | 275,859,660 | 275,395,529 | 275,590,053 | 277,213,258 | 281,566,648 | 289,935,861 | 298,974,062 | |
| Shares (Diluted) | 279,758,525 | 279,143,524 | 278,583,454 | 278,686,365 | 278,576,254 | 277,803,058 | 277,374,426 | 277,298,425 | 279,268,768 | 283,785,713 | 292,210,417 | 300,556,767 | |
| EBITDA | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $5M | $5M |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $429M | $464M | $467M | $370M | $488M | $498M | $275M | $270M | $268M | $231M | $155M | $181M | |
| PP&E (Net) | $40M | $33M | $35M | $35M | $37M | $42M | $62M | $63M | $61M | $61M | $57M | $56M | |
| PP&E (Gross) | $156M | $147M | $144M | $141M | $139M | $139M | $162M | $159M | $154M | $149M | $142M | $143M | |
| Accum. Depreciation | $116M | $113M | $109M | $106M | $102M | $97M | $101M | $96M | $93M | $88M | $85M | $87M | |
| Total Assets | $17.46B | $17.09B | $16.92B | $15.79B | $14.06B | $14.64B | $14.54B | $14.14B | $13.69B | $12.91B | $12.37B | $11.80B | |
| Total Liabilities | $15.56B | $15.23B | $14.99B | $13.95B | $12.33B | $12.97B | $12.85B | $12.38B | $12.00B | $11.25B | $10.64B | $9.96B | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Paid-in Capital | $1.76B | $1.75B | $1.76B | $1.75B | $1.75B | $1.74B | $1.73B | $1.73B | $1.72B | $1.72B | $1.71B | $1.70B | |
| Retained Earnings | $947M | $915M | $887M | $870M | $854M | $866M | $838M | $808M | $760M | $699M | $642M | $590M | |
| Treasury Stock | $774M | $772M | $776M | $772M | $768M | $768M | $765M | $754M | $736M | $682M | $549M | $379M | |
| AOCI | $-21M | $-16M | $85M | $23M | $-68M | $-132M | $-69M | $23M | $-7M | $-20M | $-13M | $-11M | |
| Stockholders' Equity | $1.89B | $1.86B | $1.93B | $1.84B | $1.73B | $1.67B | $1.70B | $1.76B | $1.69B | $1.66B | $1.73B | $1.84B | |
| Liabilities + Equity | $17.46B | $17.09B | $16.92B | $15.79B | $14.06B | $14.64B | $14.54B | $14.14B | $13.69B | $12.91B | $12.37B | $11.80B | |
| Shares Outstanding | 280,590,497 | 280,710,854 | 280,359,173 | 280,582,741 | 280,761,299 | 280,150,006 | 279,962,777 | 280,311,070 | 281,291,750 | 284,219,019 | 290,882,379 | 301,654,581 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $5M | $5M | |
| Stock-based Comp | $10M | $10M | $10M | $11M | $14M | $12M | $12M | $11M | $11M | $13M | $14M | $12M | |
| Deferred Tax | $1M | $3M | $4M | $-27M | $-14M | $22M | $22M | $4M | $4M | $11M | $9M | $10M | |
| Other Non-cash | $-24M | $-8M | $-3M | $-25M | $-3M | $-873.0K | $-17M | $41M | $-617.0K | $-26M | $2M | $11M | |
| Operating Cash Flow | $82M | $89M | $91M | $39M | $83M | $122M | $103M | $92M | $101M | $85M | $102M | $104M | |
| CapEx | $11M | $3M | $5M | $3M | $1M | $3M | $4M | $8M | $4M | $9M | $6M | $3M | |
| Investing Cash Flow | $-384M | $-125M | $-1.01B | $-1.88B | $547M | $148M | $-342M | $-475M | $-755M | $-454M | $-600M | $-669M | |
| Debt Issued | $225M | $725M | $350M | $600M | $100M | $250M | $275M | $15M | $0 | $40M | $600M | $450M | |
| Net Debt Issued | $-202M | $298M | $272M | $596M | $95M | $-100M | $-146M | $-267M | $-208M | $-146M | $585M | $399M | |
| Stock Repurchased | $4M | $2M | $6M | $6M | $6M | $2M | $9M | $20M | $54M | $128M | $173M | $101M | |
| Net Stock Activity | $-4M | $-2M | $-6M | $-6M | $0 | $-413.0K | $-9M | $-20M | $-54M | $-128M | $-173M | $-101M | |
| Dividends Paid | $60M | $59M | $58M | $58M | $57M | $55M | $50M | $38M | $28M | $23M | $19M | $5M | |
| Financing Cash Flow | $267M | $33M | $1.02B | $1.72B | $-640M | $-46M | $244M | $384M | $691M | $445M | $472M | $461M | |
| Net Change in Cash | · | · | · | · | · | · | $5M | $2M | $37M | $76M | $-26M | $-105M | |
| Free Cash Flow | $71M | $86M | $86M | $36M | $82M | $119M | $99M | $139M | $105M | $76M | $97M | $101M | |
| Levered FCF | · | · | $-179M | $-79M | $-46M | $-58M | $-71M | $24M | $18M | $-2M | $21M | $32M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 28.3% | 26.2% | 24.7% | 25.6% | 28.2% | 28.2% | 28.1% | 28.2% | 29.8% | 27.3% | 24.7% | 22.5% | |
| Pretax Margin | 35.7% | 33.1% | 30.6% | 31.6% | 34.9% | 33.9% | 35.8% | 40.1% | 44.6% | 41.4% | 37.2% | 33.7% | |
| EBITDA Margin | 1.4% | 1.5% | 1.6% | 1.8% | 1.9% | 1.8% | 2.1% | 1.9% | 1.9% | 1.9% | 1.6% | 1.6% | |
| ROA | 0.53% | 0.47% | 0.46% | 0.50% | 0.56% | 0.57% | 0.56% | 0.61% | 0.67% | 0.64% | 0.60% | 0.57% | |
| ROE | 4.8% | 4.2% | 4.0% | 4.1% | 4.7% | 5.0% | 4.7% | 4.9% | 5.3% | 4.8% | 4.2% | 3.6% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.0% | -0.60% | 4.7% | 1.5% | -2.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.4% | 1.8% | 1.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.7% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 14.3% | 7.7% | 0.00% | -10.3% | 0.00% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 7.2% | -1.2% | -3.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 2.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 14.3% | 5.8% | 0.92% | -8.0% | -2.8% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 6.9% | -0.59% | -3.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 1.8% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 1.4% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $91M | $80M | $75M | $75M | $81M | $83M | $80M | $85M | $89M | $81M | $73M | $66M | |
| Market Cap | $3.70B | $3.61B | $3.31B | $3.65B | $5.35B | $4.12B | $5.04B | $4.21B | $4.54B | $5.06B | $5.02B | $4.32B | |
| P/E | 41.2 | 45.9 | 45.5 | 50.0 | 65.7 | 50.7 | 64.4 | 50.0 | 50.4 | 63.6 | 69.0 | 65.1 | |
| P/B | 2.0 | 1.9 | 1.7 | 2.0 | 3.1 | 2.5 | 3.0 | 2.4 | 2.7 | 3.0 | 2.9 | 2.3 | |
| P / Tangible Book | 2.0 | 1.9 | 1.7 | 2.0 | 3.1 | 2.5 | · | · | · | · | · | · | |
| P / Cash Flow | 44.9 | 40.7 | 36.5 | 93.7 | 64.4 | 33.8 | 49.0 | 28.6 | 41.7 | 59.6 | 49.1 | 41.7 | |
| P / FCF | 52.1 | 42.2 | 38.7 | 100.7 | 65.4 | 34.7 | 50.8 | 30.4 | 43.4 | 66.8 | 52.0 | 42.9 | |
| Dividend Yield | 1.6% | 1.6% | 1.8% | 1.6% | 1.1% | 1.4% | 1.0% | 0.89% | 0.61% | 0.46% | 0.39% | 0.11% | |
| Earnings Yield | 2.4% | 2.2% | 2.2% | 2.0% | 1.5% | 2.0% | 1.6% | 2.0% | 2.0% | 1.6% | 1.5% | 1.5% | |
| Payout Ratio | 65.5% | 74.1% | 77.5% | 78.2% | 69.9% | 66.6% | 62.9% | 44.1% | 31.2% | 29.1% | 26.9% | 7.4% | |
| Annual Payout | $60M | $59M | $58M | $58M | $57M | $55M | $50M | $38M | $28M | $23M | $19M | $5M |
Income Statement 10
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | $116M | $112M | $108M | · | $88M | $78M | $64M | · | |
| Interest Income | $202M | $195M | $198M | $199M | $191M | $186M | $187M | $189M | $185M | $183M | $177M | $169M | $157M | $148M | $139M | $121M | |
| Pretax Income | $39M | $30M | $28M | $32M | $27M | $27M | $28M | $23M | $25M | $26M | $26M | $23M | $22M | $20M | $28M | $31M | |
| Income Tax | $8M | $7M | $6M | $6M | $6M | $6M | $6M | $5M | $5M | $5M | $5M | $4M | $4M | $4M | $6M | $6M | |
| Net Income | $31M | $23M | $22M | $26M | $22M | $21M | $22M | $18M | $20M | $21M | $21M | $20M | $18M | $16M | $22M | $25M | |
| EPS (Basic) | $0.11 | $0.08 | $0.08 | $0.09 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.08 | $0.08 | |
| EPS (Diluted) | $0.11 | $0.08 | $0.08 | $0.09 | $0.08 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.08 | $0.08 | |
| Shares (Basic) | 278,850,699 | 278,858,428 | 278,754,792 | -557,384,604 | 278,832,875 | 278,729,388 | 278,538,110 | -556,137,447 | 278,291,376 | 278,183,041 | 277,841,526 | -554,718,127 | 277,472,312 | 277,361,293 | 277,320,904 | -554,731,291 | |
| Shares (Diluted) | 280,176,516 | 279,934,262 | 279,908,875 | -559,412,783 | 279,873,274 | 279,719,382 | 279,578,652 | -558,126,571 | 279,221,360 | 279,046,837 | 279,001,898 | -556,969,438 | 278,590,810 | 278,499,145 | 278,462,937 | -557,592,306 | |
| EBITDA | · | · | $6M | · | · | · | $5M | · | · | · | · | · | · | · | $4M | · |
Balance Sheet 14
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $569M | $437M | $457M | $429M | $453M | $464M | $466M | $464M | $560M | $594M | $552M | · | $436M | $421M | $444M | · | |
| PP&E (Net) | $46M | $43M | $40M | $40M | $39M | $38M | $33M | $33M | $34M | $34M | $34M | · | $35M | $35M | $35M | · | |
| PP&E (Gross) | · | · | · | $156M | · | · | · | $147M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | · | $116M | · | · | · | $113M | · | · | · | · | · | · | · | · | |
| Total Assets | $18.08B | $17.48B | $17.50B | $17.46B | $17.38B | $17.11B | $17.06B | $17.09B | $17.03B | $17.02B | $17.05B | · | $16.59B | $16.26B | $16.13B | · | |
| Total Liabilities | $16.12B | $15.56B | $15.60B | $15.56B | $15.49B | $15.22B | $15.14B | $15.23B | $15.12B | $15.11B | $15.19B | · | $14.71B | $14.43B | $14.28B | · | |
| Common Stock | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $3M | $3M | $3M | · | |
| Paid-in Capital | $1.76B | $1.76B | $1.76B | $1.76B | $1.76B | $1.76B | $1.75B | $1.75B | $1.75B | $1.75B | $1.75B | · | $1.75B | $1.75B | $1.75B | · | |
| Retained Earnings | $978M | $962M | $954M | $947M | $936M | $929M | $923M | $915M | $912M | $907M | $901M | · | $882M | $879M | $878M | · | |
| Treasury Stock | $779M | $776M | $774M | $774M | $772M | $771M | $772M | $772M | $772M | $772M | $772M | · | $776M | $776M | $775M | · | |
| AOCI | $9M | $-9M | $-21M | $-21M | $-16M | $792.0K | $27M | $-16M | $43M | $42M | $10M | · | $51M | $5M | $23M | · | |
| Stockholders' Equity | $1.96B | $1.92B | $1.90B | $1.89B | $1.89B | $1.90B | $1.91B | $1.86B | $1.92B | $1.91B | $1.87B | $1.93B | $1.89B | $1.83B | $1.85B | $1.84B | |
| Liabilities + Equity | $18.08B | $17.48B | $17.50B | $17.46B | $17.38B | $17.11B | $17.06B | $17.09B | $17.03B | $17.02B | $17.05B | · | $16.59B | $16.26B | $16.13B | · | |
| Shares Outstanding | 280,440,995 | 280,476,186 | 280,624,799 | 280,590,497 | 280,779,576 | 280,836,948 | 280,799,401 | 280,710,854 | 280,710,854 | 280,710,854 | 280,710,854 | · | 280,329,098 | 280,329,098 | 280,373,614 | · |
Cash Flow 15
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7M | $6M | $6M | $-12M | $6M | $6M | $5M | $-9M | $5M | $5M | $5M | $-8M | $5M | $5M | $4M | $-15M | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $3M | $3M | |
| Deferred Tax | $37.0K | $12.0K | $-103.0K | $1M | $8.0K | $30.0K | $-10.0K | $3M | $-82.0K | $-93.0K | $-25.0K | $4M | $-19.0K | $-110.0K | $-45.0K | $-26M | |
| Other Non-cash | · | · | $28M | · | · | · | $15M | · | · | · | · | · | · | · | $50M | · | |
| Operating Cash Flow | $33M | $18M | $59M | $-11M | $27M | $21M | $46M | $-59M | $97M | $14M | $36M | $14M | $34M | $-36M | $79M | $-12M | |
| CapEx | $3M | $4M | $2M | $2M | $2M | $7M | $637.0K | $715.0K | $834.0K | $812.0K | $703.0K | $1M | $2M | $500.0K | $2M | $1M | |
| Investing Cash Flow | $-503M | $-8M | $14M | $-74M | $-264M | $-44M | $-3M | $-112M | $-43M | $72M | $-42M | $-285M | $-377M | $-98M | $-249M | $-395M | |
| Debt Issued | $0 | $0 | $50M | $125M | $100M | $0 | $0 | $150M | $0 | $0 | $575M | $0 | $0 | $0 | $350M | $200M | |
| Net Debt Issued | · | · | $-51M | · | · | · | $-176M | · | · | · | · | · | · | · | $349M | · | |
| Stock Repurchased | $1M | $2M | $3M | $2M | $744.0K | $0 | $767.0K | $1.0K | $6.0K | $0 | $2M | $342.0K | $4.0K | $713.0K | $5M | $248.0K | |
| Net Stock Activity | · | · | $-3M | · | · | · | $-767.0K | · | · | · | · | · | · | · | $-5M | · | |
| Dividends Paid | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $15M | $14M | |
| Financing Cash Flow | $603M | $-29M | $-45M | $62M | $226M | $20M | $-41M | $74M | $-88M | $-44M | $91M | $301M | $358M | $111M | $244M | $389M | |
| Free Cash Flow | · | · | $57M | · | · | · | $45M | · | · | · | · | · | · | · | $77M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $26M | · |
Profitability 5
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 34.2% | 27.3% | 26.6% | · | 26.2% | 26.6% | 30.0% | · | 26.4% | 26.9% | · | · | 23.6% | 21.3% | 27.6% | · | |
| Pretax Margin | 43.3% | 35.0% | 34.0% | · | 33.4% | 33.5% | 37.9% | · | 33.4% | 33.6% | · | · | 29.1% | 26.8% | 35.0% | · | |
| EBITDA Margin | · | · | 7.5% | · | · | · | 7.1% | · | · | · | · | · | · | · | 5.2% | · | |
| ROA | 0.17% | 0.13% | 0.13% | · | 0.13% | 0.12% | 0.13% | · | 0.12% | 0.12% | · | · | 0.11% | 0.10% | 0.15% | · | |
| ROE | 1.6% | 1.2% | 1.2% | · | 1.1% | 1.1% | 1.2% | · | 1.1% | 1.1% | · | · | 0.95% | 0.88% | 1.2% | · |
Efficiency 1
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | · | · | 0.0 | 0.0 | 0.0 | · |
Valuation (TTM) 9
| Metric | Trend | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $98M | $88M | $87M | · | $85M | $84M | $84M | · | $79M | $75M | $76M | · | $73M | $71M | $71M | · | |
| Market Cap | $4.97B | $3.94B | $3.75B | · | $3.64B | $3.48B | $3.53B | · | $3.54B | $3.53B | · | · | $3.52B | $3.54B | $4.04B | · | |
| P/E | 50.6 | 45.3 | 43.2 | · | 43.2 | 42.7 | 43.3 | · | 46.7 | 48.3 | 54.4 | · | 48.3 | 48.6 | 55.4 | · | |
| P/B | 2.5 | 2.0 | 2.0 | · | 1.9 | 1.8 | 1.8 | · | 1.8 | 1.8 | · | · | 1.9 | 1.9 | 2.2 | · | |
| P / Tangible Book | 2.5 | 2.0 | 2.0 | · | 1.9 | 1.8 | 1.8 | · | 1.8 | 1.8 | 2.2 | · | 1.9 | 1.9 | 2.2 | · | |
| P / Cash Flow | · | · | 63.9 | · | · | · | 77.4 | · | · | · | · | · | · | · | 51.3 | · | |
| P / FCF | · | · | 65.8 | · | · | · | 78.5 | · | · | · | · | · | · | · | 52.6 | · | |
| Earnings Yield | 2.0% | 2.2% | 2.3% | · | 2.3% | 2.3% | 2.3% | · | 2.1% | 2.1% | 1.8% | · | 2.1% | 2.1% | 1.8% | · | |
| Payout Ratio | · | · | 67.8% | · | · | · | 66.4% | · | · | · | · | · | · | · | 66.1% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Net Income | $91M | $80M | $75M | $75M | $81M |
| Diluted EPS | $0.32 | $0.28 | $0.26 | $0.26 | $0.29 |
Cash Flow
| 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $71M | $86M | $86M | $36M | $82M |
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Institutional owners (13F) 252 filers · $529.8M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 48 (+9 vs prior Q) | 17 (-6 vs prior Q) | 74 (-13 vs prior Q) | 71 (+27 vs prior Q) | +5.1M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP | $46,065,763 | 2,599,648 | 8.69% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $43,300,911 | 2,443,618 | 8.17% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $42,759,990 | 2,413,092 | 8.07% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $42,251,409 | 2,384,391 | 7.97% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $40,486,160 | 2,284,772 | 7.64% | Shares |
| STATE STREET CORP | $39,980,307 | 2,256,225 | 7.55% | Shares |
| LAKEWOOD CAPITAL MANAGEMENT, LP | $36,687,169 | 2,070,382 | 6.92% | Shares |
| Bank of New York Mellon Corp | $31,851,913 | 1,797,512 | 6.01% | Shares |
| CRAMER ROSENTHAL MCGLYNN LLC | $20,606,889 | 1,162,917 | 3.89% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $18,051,187 | 1,018,356 | 3.41% | Shares |
| Squarepoint Ops LLC | $11,944,609 | 674,075 | 2.25% | Shares |
| Gator Capital Management, LLC | $9,852,852 | 556,030 | 1.86% | Shares |
| TWO SIGMA INVESTMENTS, LP | $8,804,660 | 496,877 | 1.66% | Shares |
| Quantinno Capital Management LP | $8,582,384 | 484,333 | 1.62% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $7,030,197 | 396,738 | 1.33% | Shares |
| Schonfeld Strategic Advisors LLC | $6,008,514 | 339,081 | 1.13% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,808,403 | 327,788 | 1.10% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,430,932 | 306,486 | 1.03% | Shares |
| Clearstead Advisors, LLC | $4,228,085 | 238,605 | 0.80% | Shares |
| VANGUARD GROUP INC | $4,202,564 | 314,093 | 0.79% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $3,905,523 | 220,402 | 0.74% | Shares |
| Kestra Investment Management, LLC | $3,333,507 | 188,122 | 0.63% | Shares |
| NORGES BANK | $3,309,334 | 186,757 | 0.62% | Shares |
| Vestmark Advisory Solutions, Inc. | $3,029,163 | 170,946 | 0.57% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,802,276 | 158,142 | 0.53% | Shares |
| MARSHALL WACE, LLP | $2,349,797 | 132,607 | 0.44% | Shares |
| MANGROVE PARTNERS IM, LLC | $2,297,256 | 129,642 | 0.43% | Shares |
| Atom Investors LP | $2,256,908 | 127,365 | 0.43% | Shares |
| Brevan Howard Capital Management LP | $2,115,927 | 119,409 | 0.40% | Shares |
| Sage Investment Counsel LLC | $2,073,208 | 116,998 | 0.39% | Shares |
| D. E. Shaw & Co., Inc. | $1,967,647 | 111,041 | 0.37% | Shares |
| Corient Private Wealth LP | $1,952,171 | 110,168 | 0.37% | Shares |
| Swiss National Bank | $1,846,424 | 104,200 | 0.35% | Shares |
| FIRST TRUST ADVISORS LP | $1,774,303 | 100,130 | 0.33% | Shares |
| Numerai GP LLC | $1,603,341 | 90,482 | 0.30% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,449,539 | 103,170 | 0.27% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,434,948 | 80,979 | 0.27% | Shares |
| Vision Capital Management, Inc. | $1,426,336 | 80,493 | 0.27% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,343,176 | 75,800 | 0.25% | Call option |
| ExodusPoint Capital Management, LP | $1,309,295 | 73,888 | 0.25% | Shares |
| TWO SIGMA ADVISERS, LP | $1,276,077 | 95,372 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,205,793 | 68,047 | 0.23% | Shares |
| GOLDMAN SACHS GROUP INC | $1,202,515 | 67,862 | 0.23% | Shares |
| Rafferty Asset Management, LLC | $1,149,266 | 64,857 | 0.22% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $1,112,639 | 62,790 | 0.21% | Shares |
| BlackRock, Inc. | $1,009,987 | 56,997 | 0.19% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $941,251 | 53,118 | 0.18% | Shares |
| MIRABELLA FINANCIAL SERVICES LLP | $937,583 | 52,911 | 0.18% | Shares |
| Summit Trail Advisors, LLC | $929,325 | 52,445 | 0.18% | Shares |
| Focus Partners Wealth | $902,511 | 50,931 | 0.17% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $888,516 | 50,142 | 0.17% | Shares |
| SIGNATURE ESTATE & INVESTMENT ADVISORS LLC | $878,195 | 49,558 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $858,881 | 48,471 | 0.16% | Shares |
| Frank, Rimerman Advisors LLC | $834,027 | 47,067 | 0.16% | Shares |
| BARCLAYS PLC | $804,860 | 45,421 | 0.15% | Shares |
| Frec Markets, Inc. | $799,456 | 45,116 | 0.15% | Shares |
| Ethic Inc. | $788,672 | 44,507 | 0.15% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $765,851 | 54,509 | 0.14% | Shares |
| Harbor Advisors LLC | $748,847 | 42,260 | 0.14% | Shares |
| Skopos Labs, Inc. | $740,379 | 52,696 | 0.14% | Shares |
| Cetera Investment Advisers | $734,178 | 41,432 | 0.14% | Shares |
| Maridea Wealth Management LLC | $734,058 | 41,425 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $726,325 | 40,989 | 0.14% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $721,523 | 40,718 | 0.14% | Shares |
| NORTHERN TRUST CORP | $720,229 | 40,645 | 0.14% | Shares |
| Campbell & CO Investment Adviser LLC | $693,809 | 39,154 | 0.13% | Shares |
| OSAIC HOLDINGS, INC. | $685,209 | 38,667 | 0.13% | Shares |
| XTX Topco Ltd | $677,595 | 38,239 | 0.13% | Shares |
| Meeder Advisory Services, Inc. | $652,898 | 36,845 | 0.12% | Shares |
| Farther Finance Advisors, LLC | $602,844 | 34,021 | 0.11% | Shares |
| Parallel Advisors, LLC | $585,556 | 33,044 | 0.11% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $571,807 | 32,269 | 0.11% | Shares |
| Jain Global LLC | $567,802 | 32,043 | 0.11% | Shares |
| Sequoia Financial Advisors, LLC | $564,534 | 31,859 | 0.11% | Shares |
| Beverly Hills Private Wealth, LLC | $551,234 | 31,108 | 0.10% | Shares |
| Avise Financial Cooperative, Inc. | $551,234 | 31,108 | 0.10% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $548,576 | 30,958 | 0.10% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $545,085 | 30,761 | 0.10% | Shares |
| CITADEL ADVISORS LLC | $532,380 | 30,044 | 0.10% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $525,807 | 37,424 | 0.10% | Shares |
| AXQ CAPITAL, LP | $510,620 | 28,816 | 0.10% | Shares |
| UBS Group AG | $509,326 | 28,743 | 0.10% | Shares |
| Caprock Group, LLC | $475,286 | 26,822 | 0.09% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $449,255 | 25,353 | 0.08% | Shares |
| Kovack Advisors, Inc. | $437,284 | 24,484 | 0.08% | Shares |
| GATEWAY INVESTMENT ADVISERS LLC | $427,158 | 24,106 | 0.08% | Shares |
| LPL Financial LLC | $410,957 | 23,192 | 0.08% | Shares |
| Police & Firemen's Retirement System of New Jersey | $400,986 | 22,629 | 0.08% | Shares |
| AlphaQuest LLC | $398,644 | 29,794 | 0.08% | Shares |
| Aquatic Capital Management LLC | $385,251 | 21,741 | 0.07% | Shares |
| HB Wealth Management, LLC | $381,711 | 21,541 | 0.07% | Shares |
| Invesco Ltd. | $377,666 | 21,313 | 0.07% | Shares |
| Vanguard Global Advisers, LLC | $369,710 | 20,864 | 0.07% | Shares |
| KEYBANK NATIONAL ASSOCIATION/OH | $359,343 | 20,279 | 0.07% | Shares |
| Engineers Gate Manager LP | $357,838 | 20,194 | 0.07% | Shares |
| US BANCORP \DE\ | $357,306 | 20,164 | 0.07% | Shares |
| JPMORGAN CHASE & CO | $356,104 | 17,857 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $348,986 | 24,830 | 0.07% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $337,991 | 19,074 | 0.06% | Shares |
| Vanguard Personalized Indexing Management, LLC | $336,680 | 19,000 | 0.06% | Shares |
Company insiders 37 insiders · 6 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Meredith S Weil | Chief Financial Officer | June 11, 2026 M | 38,480 | 0 | 2 | $-137,820 |
| James E Larocca | Accounting and Finance Officer | June 29, 2026 A | — | 0 | 0 | $0 |
| Cathy W Zbanek | Chief Synergy Officer | June 15, 2026 M | 74,985 | 0 | 0 | $0 |
| Sandra M Long | Chief Consumer Banking Officer | June 5, 2026 F | 20,418 | 0 | 0 | $0 |
| Susanne N. Miller | Chief Accounting Officer | June 5, 2026 F | 20,109 | 0 | 0 | $0 |
| Marianne Piterans | Director of Human Resources | Dec. 15, 2012 M | 51,833 | 0 | 0 | $0 |
| William C Mulligan | Director | Dec. 18, 2025 A | 68,900 | 0 | 0 | $0 |
| John J Fitzpatrick | Director | Feb. 24, 2011 D | 20,000 | 0 | 0 | $0 |
| James S Gascoigne | Director | Feb. 25, 2010 D | 25,000 | 0 | 0 | $0 |
| Anthony W Zepp | Director | Jan. 6, 2009 M | 54,000 | 0 | 0 | $0 |
| Daniel F Weir | — | Aug. 13, 2026 G | 10,100 | 1 | 0 | $110,950 |
| Benjamin Stefanski Gavin | — | Aug. 5, 2026 S | 19,266 | 0 | 1 | $-119,275 |
| Marc A Stefanski | — | May 5, 2026 G | 29,700 | 0 | 5 | $-781,659 |
| Martin J Cohen | — | Dec. 18, 2025 A | 42,500 | 0 | 0 | $0 |
| John Ringenbach | — | Dec. 18, 2025 A | 34,600 | 0 | 0 | $0 |
| Robert A Fiala | — | Dec. 18, 2025 A | 75,900 | 0 | 0 | $0 |
| Terrence R Ozan | — | Dec. 18, 2025 A | 91,000 | 0 | 0 | $0 |
| Terrence L. Bauer | — | Dec. 18, 2025 A | 7,220 | 0 | 0 | $0 |
| Anthony J Asher | — | May 8, 2025 S | 100 | 0 | 0 | $0 |
| Andrew James Rubino | — | May 5, 2025 S | 24,126 | 0 | 0 | $0 |
| Barbara J. Anderson | — | Feb. 21, 2025 M | 14,100 | 0 | 0 | $0 |
| Ashley H Williams | — | Feb. 21, 2025 M | 16,510 | 0 | 0 | $0 |
| Bradley Taylor Stefanski | — | Dec. 19, 2024 A | 10,000 | 0 | 0 | $0 |
| Timothy W Mulhern | — | Dec. 10, 2024 M | 14,413 | 0 | 0 | $0 |
| Kathleen Mary Danckers | — | Dec. 8, 2023 M | 29,412 | 0 | 0 | $0 |
| Russell Clay Holmes | — | Dec. 8, 2023 M | 9,482 | 0 | 0 | $0 |
| Huml Paul J | — | Aug. 1, 2022 M | 74,764 | 0 | 0 | $0 |
| Anna Maria P Motta | — | April 1, 2022 M | 103,485 | 0 | 0 | $0 |
| Iii Ben S Stefanski | — | March 1, 2022 M | 64,140 | 0 | 0 | $0 |
| Judith Z Adam | — | Jan. 4, 2021 M | 78,942 | 0 | 0 | $0 |
| David S Huffman | — | March 31, 2019 M | 52,388 | 0 | 0 | $0 |
| Robert B Heisler JR | — | Dec. 10, 2016 M | 33,500 | 0 | 0 | $0 |
| Paul W Stefanik | — | July 12, 2016 M | 78,500 | 0 | 0 | $0 |
| Bernard S Kobak | — | Sept. 25, 2015 M | 81,300 | 0 | 0 | $0 |
| Terence C Paulett | — | Jan. 2, 2015 D | 29,947 | 0 | 0 | $0 |
| Ralph M Betters | — | Dec. 15, 2013 M | 4,525 | 0 | 0 | $0 |
| Thomas J Baird | — | Feb. 24, 2011 D | 47,250 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person | April 24, 2007 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 53 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| DIV · Global X Funds | 1.96% | 976,543 NS | April 30, 2026 | N-PORT |
| SDIV · Global X Funds | 0.97% | 824,817 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.58% | 9,967 NS | April 30, 2026 | N-PORT |
| HIDV · AB Active ETFs, Inc. | 0.39% | 47,401 NS | May 31, 2026 | N-PORT |
| DPST · Direxion Shares ETF Trust | 0.24% | 78,656 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.17% | 409,792 SH | Aug. 8, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.07% | 31,394 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.05% | 454,823 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.03% | 1,827 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 55,377 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.03% | 737,787 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 46,943 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.02% | 7,047 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 241,424 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 2,669 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.02% | 9,092 SH | Aug. 8, 2026 | Daily |
| IYF · iShares Trust | 0.02% | 38,675 SH | Aug. 8, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.02% | 21,378 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.01% | 29,798 SH | Aug. 8, 2026 | Daily |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 88,751 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 363,612 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 92,109 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 576,990 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,282,732 SH | Aug. 8, 2026 | Daily |
| IWS · iShares Trust | 0.01% | 81,247 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 13,506 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 3,402 SH | Aug. 8, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.01% | 76,312 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 2,093 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 14,693 NS | April 30, 2026 | N-PORT |
| IWR · iShares Trust | 0.01% | 230,309 SH | Aug. 8, 2026 | Daily |
| DIVB · iShares Trust | 0.01% | 6,057 SH | Aug. 8, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 7,804 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 37,663 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,110 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 1,196 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.00% | 935 NS | May 31, 2026 | N-PORT |
| IWD · iShares Trust | 0.00% | 115,729 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 81,021 SH | Aug. 8, 2026 | Daily |
| IWB · iShares Trust | 0.00% | 41,362 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 15,463 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 16,669 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 398 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 25,595 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 6,338 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,535 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,783,895 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 26,397 SH | Aug. 8, 2026 | Daily |
| VYM · VANGUARD WHITEHALL FUNDS | 0.00% | 207,747 SH | Aug. 8, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,486 SH | Aug. 8, 2026 | Daily |