Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Sterne Agee Financial Services Conference (February 2009)
16 slides from Capitol Federal Financial's conference presentation, Feb 10, 2009
Slide 1: Capitol Federal Financial (NASDAQ: CFFN)
Capitol Federal Financial ((NASDAQ: Q CFFN)) True Blue ® for over 115 years
Slide 2: Safe Harbor Disclosure
S f H Safe Harbor b DiDisclosure l Except for the historical information contained in this presentation, 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
Slide 3: Corporate Structure
Corporate Structure
Slide 4: Financial Condition
Financial Condition December 31,, September p 30, (in thousands) 2008 2008 Total Assets $8,157,324 $8,055,249 Loans $5,456,569 $5,320,780 Deposits $3,867,304 $3,923,883 Total Borro Borrowings ings $3 310 559 $3,310,559 $3 160 710 $3,160,710 Stockholders’ Equity $897,435 $871,216
Slide 5: Financial Performance
Fi Financial i l Performance P f Fiscal Year Quarter Ended Ended December 31,, September p 30,, 2008 2008 Net Income $15.9 million $51.0 million Diluted Earnings Per Share $0.22 $0.70 Net Interest Margin 2.08% 1.75% R Return on Average A A Assets 0 79% 0.79% 0 65% 0.65% Return on Average Equity 7.22
Slide 6: Financial Performance
Fi Financial i l Performance P f Fiscal Year Quarter Ended Ended December 31, September 30, 2008 2008 Efficiency Ratio 46.36% 49.93% Operating Expense Ratio 1.10% 1.04% Non-performing Assets to Total Assets 0.29% 0.23% Equity q y to Total Assets 10.87% 10.82%
Slide 7: Management Strategy
Management Strategy •Single-Family Portfolio Lender •Retail Retail Financial Services •Interest Rate Risk Management •Excellent Asset Quality •Strong Capital Position •Stockholder St kh ld Value Vl
Slide 8: Loan Portfolio at December 31, 2008
Loan Portfolio at December 31, 2008 Consumer - 4% Other Real Estate -2% 1-4 Family - 94%
Slide 9: Loan Portfolio Quality
Loan Portfolio Quality •Continues to adhere to traditional underwriting standards •Requires full documentation and qualified lifi d borrowers b •Has not participated in subprime, Alt-A or negative amortization lending
Slide 10: Loan Portfolio Quality
Loan Portfolio Quality • Weighted average loan-to-value ratio of 11-44 family loans is 66% • Weighted average credit score of borrowers of 1-4 family loans is 754
Slide 11: Loan Portfolio Quality
Loan Portfolio Quality • Non-performing loans to total loans remains consistently y low,, at: • December 31, 2008: 0.35% • September 30, 30 2008: 0.26% 0 26% • June 30, 2008: 0.25%
Slide 12: Strong Capital Position
Strong Capital Position Regulatory At December 31, 2008: Requirement for Bank Ratios “Well-Capitalized” Well-Capitalized Status Core Capital 10.0% 5.0% Tier 1 Risk-Based Capital 23.1% 6.0% T t l Risk-Based Total Ri k B d Capital C it l 23 0% 23.0% 10 0% 10.0%
Slide 13: Cumulative Cash Paid to Stockholders
C Cumulative l ti Cash C h Paid P id to t Stockholders St kh ld (in thousands) $750,000 $677,674 Stockholder Dividends $500,000 $316,030 $250,000 Stock Repurchases $361,644 $0 FY 1999 - 2008
Slide 14: Investing with CFFN
I Investing i with i h CFFN Initial stock price: $ 10.00 - total cumulative dividends paid*: -16.38 Net cost of shares purchased in IPO: $ (6.38) *Includes $0.50 per share dividend declared on January 14, payable on February 20, 2009 to stockholders of record as of February 6, 2009
Slide 15: Stockholder Value
Stockholder Value In addition to the $2.00 per share regular quarterly dividend paid in 2008, 2008 CFFN paid an $0.11 per share special dividend in December 2008
Slide 16: Calendar Year Dividend History
Calendar Year Dividend History $2.50 $2.00 2.30 2.00 2.00 2.00 2.09 2.00 2.11 $1.50 $1.00 $0.50 0.62 0.50 0.30 0.46 $0 00 $0.00 * *Dividend declared on January 14, payable on February 20, 2009 to stockholders of record as of February 6, 2009
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