Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Shareholder Meeting (January 2014)
20 slides from Capitol Federal Financial's shareholder meeting presentation, Jan 23, 2014
Slide 1: Building Into the Future
BUILDING INTO THE FUTURE.
Slide 2: Welcome to the 2013 Annual Meeting of Capitol Federal Financial, Inc.
Welcome to the 2013 Annual Meeting of Capitol Federal Financial, Inc.
Slide 3: Board of Directors
Board of Directors John B. Dicus, Chairman, President & CEO Morris J. Huey, II Jeffrey M. Johnson Michael T. McCoy, M.D. James G. Morris Reginald L. Robinson Jeffrey R. Thompson Marilyn S. Ward
Slide 4: Management
Management John B. Dicus, Chairman, President & CEO Natalie G. Haag, Executive Vice President Rick C. Jackson, Executive Vice President Carlton A. Ricketts, Executive Vice President Kent G. Townsend, Executive Vice President Frank H. Wright, Executive Vice President Tara D. Van Houweling, First Vice
Slide 5: Building Into the Future
BUILDING INTO THE FUTURE.
Slide 6: Safe Harbor Disclosure
Safe Harbor Disclosure Except for the historical information contained in this presentation, the matters discussed may be deemed to be forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including changes in ec
Slide 7: Selected Balance Sheet Data
Selected Balance Sheet Data September 30, September 30, 2013 2012 (in thousands) Total Assets $ 9,186,449 $ 9,378,304 Total Loans $ 5,958,868 $ 5,608,083 Total Deposits $ 4,611,446 $ 4,550,643 Total Borrowings $ 2,833,538 $ 2,895,322 Total Stockholders' Equity $ 1,632,126 $ 1,806,458
Slide 8: Financial Performance FY 2013
Financial Performance FY 2013 Net Income (in thousands) $69,340 Earnings Per Share (Basic & Diluted) $0.48 Net Interest Margin 1.97% Return on Average Assets 0.75% Return on Average Equity 4.14%
Slide 9: Financial Performance FY 2013
Financial Performance FY 2013 Efficiency Ratio 48.13% Operating Expense Ratio 1.05% Non-performing Assets to Total Assets 0.33% Equity to Total Assets 17.77%
Slide 10: Payment of Dividends
Payment of Dividends •CFFN declared a regular quarterly dividend of $0.075 per share on January 21, 2014. •For fiscal year 2014, it is the intent of our Board and management to pay out 100% of our net income. •Dividends will be paid in a combination of quarterly and special year-end cash dividends.
Slide 11: Calendar Year 2013 Dividends
Calendar Year 2013 Dividends (in thousands) Regular quarterly dividends* $ 43,276 True-up dividend (December) 25,815 True Blue® Too dividend (December) 35,710 Total cash dividends paid in 2013 $ 104,801 *Paid in February, May, August, and November
Slide 12: Calendar Year Dividend History
Calendar Year Dividend History (in thousands) $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 †Excludes “Welcome” dividend of $96.8 million paid in March 2011; True Blue® dividend of $76.5 million paid in December 2012; and True Blue® Too dividend of $35.7 million paid in December
Slide 13: Cumulative Cash Returned to Stockholders
Cumulative Cash Returned to Stockholders (in millions) $700.0 $683.7 million $560.0 Share Repurchases $267.7 million $420.0 $280.0 $140.0 Stockholder Dividends $416.0 million † $0.0 Since 2nd Step Corporate Reorganization †Includes “Welcome” dividend of $96.8 million paid in March 2011; True Blue® d
Slide 14: Repurchase of Common Stock
Repurchase of Common Stock Shares Amount Average Plan Amount Repurchased (in millions) Price Paid $193.0 million 16,360,654 $193.0 $11.80 $175.0 million Fiscal Year 2013 3,826,644 $45.4 $11.85 October 1, 2013 through January 15, 2014 2,438,880 29.3 12.02 6,265,524 $74.7 $11.92 Completed $193.0 milli
Slide 15: Building Into the Future: Staying True to Our Word
Building Into the Future Staying True to Our Word •Single-Family Portfolio Lender •Retail Financial Services •Strong Cost Controls •Interest Rate Risk Management •Excellent Asset Quality •Strong Capital Position •Stockholder Value
Slide 16: Building Into the Future: Staying True to Our Word
Building Into the Future Staying True to Our Word •Continued strategy of making the balance sheet more efficient by increasing the balance of loans and deposits while decreasing the leverage in borrowings and securities. •Balance of correspondent loans grew to $1.04 billion at September 30, 2013 by
Slide 17: Executive Management
Executive Management Frank Wright, Executive Vice President Chief Retail Operations Officer
Slide 18: Questions & Answers
Questions & Answers BUILDING INTO THE FUTURE.
Slide 19: Thank you for attending
Thank you for attending BUILDING INTO THE FUTURE.
Slide 20: Building Into the Future
BUILDING INTO THE FUTURE.
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