Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Shareholder Meeting (January 2008)
21 slides from Capitol Federal Financial's shareholder meeting presentation, Jan 9, 2008
Slide 1: Welcome to the 2007 Annual Meeting of Capitol Federal Financial
Slide 2: Board of Directors
Board of Directors B. B. Andersen John B. Dicus, President & CEO John C. Dicus, Chairman Jeffrey M. Johnson Michael T. McCoy, M.D. Jeffrey R. Thompson Marilyn S. Ward
Slide 3: Capitol Federal Management
Capitol Federal Management John C. Dicus, Chairman John B. Dicus, President, CEO R. Joe Aleshire, Executive Vice President Larry K. Brubaker, Executive Vice President Morris J. Huey, II, Executive Vice President Kent G. Townsend, Executive Vice President Tara D. Van Houweling, First Vice President M
Slide 4: 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 5: 2007 Annual Meeting of Capitol Federal Financial
2007 ANNUAL MEETING OF CAPITOL FEDERAL FINANCIAL
Slide 6: Fiscal Year 2007 at September 30th
Fiscal Year 2007 at September 30th (000’s omitted) Total Assets $7,675,886 Total Loans $5,290,071 Total Deposits $3,922,782 Total FHLB Advances $2,732,183 Total Stockholders’ Equity $867,631
Slide 7: Financial Performance FY 2007
Financial Performance FY 2007 Net Income $32.3 million Diluted Earnings Per Share $0.44 Net Interest Margin 1.36% Return on Average Assets 0.41% Return on Average Equity 3.72%
Slide 8: Financial Performance FY 2007
Financial Performance FY 2007 Efficiency Ratio 59.60% Operating Expense Ratio 0.98% Non-performing Assets to Total Assets 0.12% Equity to Total Assets 11.30%
Slide 9: Treasury Rates
Treasury Rates 5.50 5.00 4.50 4.00 3.50 3.00 2.50 Fe d 3 Mo 6 Mo 1 Ye a r 2 Ye a r 3 Ye a r 5 Ye a r 10 Ye a r 3 0 Ye a r Funds Rat e Te r m t o M a t ur i t y 12 / 2 9 / 0 6 06/29/07 12 / 3 1/ 0 7
Slide 10: Mortgage Portfolio Quality
Mortgage Portfolio Quality • Capitol Federal, by adhering to its stringent underwriting standards, has not participated in sub-prime lending. • Capitol Federal’s non-performing assets to total assets has remained consistently low. At September 30, 2007, the ratio of non- performing assets to total a
Slide 11: Stock Highlights of Fiscal Year 2007
Stock Highlights of Fiscal Year 2007 Book Value per Share $11.88 Total Shares Outstanding 74,258,977 Public Shares Outstanding 20,856,328 Stock Trading Range $29.25 to $40.42
Slide 12: Stockholder Value
Stockholder Value Continuing our commitment to stockholder value, the Board has declared a $.50 per share dividend, payable February 15, 2008 to holders of record on February 1, 2008.
Slide 13: 2007 Calendar Year Dividends
2007 Calendar Year Dividends • CFFN paid dividends of $2.00 per share. • Cumulative dividends paid-to-date total $13.77. • Management and the Board of Directors intend to continue the quarterly dividend of $0.50 per share for the foreseeable future. •CFFN had a cash reserve of $106.3 million as of D
Slide 14: Calendar Year Dividend History
Calendar Year Dividend History $2.50 2.30 $2.00 2.09 2.00 2.00 2.00 2.00 $1.50 $1.00 $0.50 0.62 0.46 0.30 $0.00 CY 99 CY 00 CY 01 CY 02 CY 03 CY 04 CY 05 CY 06 CY 07
Slide 15: Fiscal Year 2007
Fiscal Year 2007 The following asset and liability management strategies were implemented during 2007 to address interest rate sensitivity: • Proceeds from the sale of trading securities were invested in short-term investment securities. • $750.0 million of FHLB advances matured, of which $600.0 mil
Slide 16: Subsequent Events
Subsequent Events Since September 30, 2007: • $200.0 million of FHLB advances matured and were replaced with new borrowings at 4.39%. • Capitol Federal has borrowed an additional $350.0 million, at 4.00%, for investment purposes and in anticipation of $300.0 million of FHLB advances which mature in
Slide 17: Subsequent Events
Subsequent Events Capitol Federal terminated $575.0 million of interest rate swaps which were hedging certain FHLB advances. This action will lower interest expense associated with the hedged advances and significantly improve our interest rate risk exposure by eliminating short-term liabilities.
Slide 18: Commitment to Community
Commitment to Community •Capitol Federal Foundation donated over $3.35 million to numerous nonprofit and charitable organizations in our market areas during calendar year 2007. •Foundation total gifts to date reached approximately $18.8 million in calendar year 2007.
Slide 19: Questions & Answers
2007 ANNUAL MEETING OF CAPITOL FEDERAL FINANCIAL QUESTIONS & ANSWERS
Slide 20: Thank You for Attending
2007 ANNUAL MEETING OF CAPITOL FEDERAL FINANCIAL THANK YOU FOR ATTENDING
Slide 21: Slide 21
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