Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Investor Presentation (November 2005)
11 slides from Capitol Federal Financial's investor presentation, Nov 16, 2005
Slide 1: Capitol Federal Financial
Capitol Federal Financial NASDAQ: CFFN
Slide 2: 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 3: Management Strategy
Management Strategy • Single-Family Portfolio Lender • Retail Financial Services • Commitment to Cost Control • Excellent Asset Quality
Slide 4: Earning Asset Mix
Earning Asset Mix Cash & Investments Other Loans 3.7% 8.1% Mortgage- Related Single-Family Securities Loans 25.8% 62.4% Total earning assets at September 30, 2005 - $8.31 billion At September 30, 2004 total earning assets were $8.38 billion with 4% in other loans, 12% in Cash and Investments, 32% in
Slide 5: Benefit From Loans Over MBS
Benefit From Loans Over MBS During the third quarter of fiscal year 2004, the Bank emphasized the purchase of loans over MBS. Based on prior run rates for the purchase of loans and the higher rate received on purchased loans, interest income improved approximately $1.5 million. This analysis only in
Slide 6: Net Interest Margin
Net Interest Margin 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2001 2002 2003 2004 2005
Slide 7: Costing Liability Mix
Costing Liability Mix Transaction Money Market Certificates 7% 12% 35% Borrowings 46% Total costing liabilities at September 30, 2005 - $7.44 billion
Slide 8: Commitment to Cost Control
Commitment to Cost Control 55.0 • Efficiency ratio below 45.0 industry average (in percent) 35.0 25.0 2001 2002 2003 20041 2005 0.90 • Operating expense ratio has increased modestly 0.80 (in basis points) 0.70 0.60 2001 2002 2003 20041 2005 1 The 2004 ratios are not presented in accordance with gene
Slide 9: Excellent Asset Quality
Excellent Asset Quality • Non-performing assets to 0.15 total assets remains very 0.10 low 0.05 0.00 2001 2002 2003 2004 2005 • Allowance for loan losses 0.15 to total loans remains 0.10 appropriate 0.05 0.00 2001 2002 2003 2004 2005 Data for fiscal years 2001, 2002, 2003, 2004, and 2005.
Slide 10: Shareholder Value
Shareholder Value • In November 2003, the Board adjusted its dividend policy with the intent to pay its calendar year dividend in four equal quarterly installments, • In January 2005, the board enhanced this strategy by committing to pay out 25% of the prior year’s reported net income in excess of t
Slide 11: Dividends Paid by Calendar Year
Dividends Paid by Calendar Year • We significantly increased the return to shareholders. $2.50 $2.00 $1.50 $1.00 $0.50 $0.00 2001 2002 2003 2004 2005 Data for calendar years 2001, 2002, 2003, 2004, and 2005 (including $.50 dividend to be paid November 18, 2005 and the $.30 special dividend to be pai
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