Business
Capitol Federal Financial, Inc.® Reports Fiscal Year 2021 Results
TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc.® (NASDAQ: CFFN) (the "Company"), the parent company of Capitol Federal Savings Bank (the
About this update from Capitol Federal Financial, Inc.
[{"type":"text","content":" TOPEKA, Kan.--(BUSINESS WIRE)--\nCapitol Federal Financial, Inc.® (NASDAQ: CFFN) (the \"Company\"), the parent company of Capitol Federal Savings Bank (the \"Bank\"), announced results today for the fiscal year ended September 30, 2021. The Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2021 will be filed with the Securities and Exchange Commission (\"SEC\") on or about November 24, 2021 and posted on our website, http://ir.capfed.com. For best viewing results, please view this release in Portable Document Format (PDF) on our website.\n\nHighlights for the quarter include:\n\n\nnet income of $18.6 million;\n\n\nbasic and diluted earnings per share of $0.14;\n\n\nnet interest margin of 1.97%;\n\n\npaid dividends of $11.5 million, or $0.085 per share; and\n\n\non October 19, 2021, announced a cash dividend of $0.085 per share, payable on November 19, 2021 to stockholders of record as of the close of business on November 5, 2021.\n\n\nHighlights for the fiscal year include:\n\n\nnet income of $76.1 million;\n\n\nbasic and diluted earnings per share of $0.56;\n\n\nnet interest margin of 1.90%;\n\n\ndeposit growth of 6.6%;\n\n\npaid dividends of $117.9 million, or $0.87 per share; and\n\n\non October 28, 2021, announced a fiscal year 2021 cash true-up dividend of $0.22 per share, payable on December 3, 2021 to stockholders of record as of the close of business on November 19, 2021.\n\n\nComparison of Operating Results for the Three Months Ended September 30, 2021 and June 30, 2021\n\nFor the quarter ended September 30, 2021, the Company recognized net income of $18.6 million, or $0.14 per share, compared to net income of $18.2 million, or $0.13 per share, for the quarter ended June 30, 2021. The net interest margin increased 13 basis points, from 1.84% for the prior quarter to 1.97% for the current quarter, due mainly to a higher loan portfolio average yield.\n\nInterest and Dividend Income\n\nThe following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent.\n\n\n\n \n\n\n\nFor the Three Months Ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\nSeptember 30,\n\n\n\n \n\n\n\nJune 30,\n\n\n\n \n\n\n\nChange Expressed in:\n\n\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\nDollars\n\n\n\n \...