Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Stifel Nicolaus Bank Conference (October 2011)
16 slides from Capitol Federal Financial's conference presentation, Oct 31, 2011
Slide 1: Capitol Federal Financial, Inc.
Capitol p Federal Financial, Inc. NASDAQ: CFFN True Blue® For Over 115 Years
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 forward looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties, includi
Slide 3: Corporate Structure
Corporate p Structure Public Shareholders Capitol Federal Capitol Federal Financial, Inc. Foundation Capitol Federal Savings Bank
Slide 4: Financial Condition
Financial Condition September 30, September 30, 2011 2010 (in thousands) Total Assets $ 9,450,799 $ 8,487,130 L Loans $ 5 149 734 5,149,734 $ 5 168 202 5,168,202 p Deposits $ 4,495,173 $ 4,386,310 Total Borrowings $ 2,894,462 $ 3,016,980 Stockholders' Equity $ 1,939,529 $ 961,950 Book Value per shar
Slide 5: Financial Results and Ratios
Financial Results and Ratios For the Fiscal Year Ended September 30, 2011 Actual Contribution Adjusted (1) (GAAP) to Foundation (Non-GAAP) (Dollars in thousands, except per share data) Net income (2) $38,403 ($26,000) $64,403 Operating expenses 132,317 40,000 92,317 Basic earnings per share 0.24 (0.
Slide 6: Management Strategy
Management g Strategy gy • Single-Family Single Family Portfolio Lender • Retail Financial Services • Interest Rate Risk Management • Excellent Asset Quality Q y • Strong Capital Position • Stockholder Value
Slide 7: Asset Distribution
Asset Distribution Investment Securities, FHLB Other Real Other Consumer 15% Stock, 1% Estate Cash and Assets 2% Assets, 3 3% 3.3% 2.0% cash equivalents, 1% Mortgage- Loans, 55% backed 1-4 Securities, Family 26% 94.7% Loan Distribution as of September 30, 2011 Asset Distribution as of September 30,
Slide 8: Loan Portfolio Quality
Loan Portfolio Quality • Continue to adhere to traditional underwriting standards • Require full documentation to qualify borrowers • Did not participate i i in i subprime, b i Alt-A, Al A or negative amortization lending
Slide 9: Loan Portfolio Quality
Loan Portfolio Quality Q y 0.70% 70% 0.60% 60% 0.50% 50% 0.40% 40% 0.30% 30% 0.20% 20% 0.10% 10% 0.00% 0% NA Non-performing Loans to Total Loans ACL to Non-performing loans NA
Slide 10: Loan Portfolio Quality
Loan Portfolio Quality Q y • Weighted average loan-to-value ratio of 1-4 family loans is 65% as of September 30, 2011 • Weighted average credit score of borrowers of 1 4 family 1-4 f il loans l is i 760 as off September S b 30, 30 2011
Slide 11: Loan Portfolio Quality
Loan Portfolio Quality Q y • Non Non-performing performing loans to total loans* remains consistently low, at – September p 30,, 2011: 0.51% – September 30, 2010: 0.62% – September p 30, 2009: 0.55% *Ratio for Bank-defined peer group of OTS regulated i tit ti institutions with ith assets t >$5 billi
Slide 12: Strong Capital Position
Strong Capital Position Regulatory At September 30, 2011: Requirement for Bank B kRRatios ti “W “Well-Capitalized” ll C it li d” StStatus t Tangible Equity Ratio 15.1% N/A Tier 1 (Core) Capital 15.1% 5.0% Tier 1 Risk-Based Risk Based Capital 37 9% 37.9% 6 0% 6.0% Total Risk-Based Capital 38.3% 10.0%
Slide 13: Stockholder Value
Stockholder Value • The Board of Directors intends to continue to pay regular quarterly and special year-end cash dividends. • The regular quarterly dividend is $0.075 per share. • For fiscal years 2011 and 2012 we intend to pay 100% of our net income (exclusive of our contribution to the charitable
Slide 14: Calendar Year Dividend History
Calendar Year Dividend History (in thousands) $180,000 $160,000 $140,000 $120,000 $100,000 $80,000 $60 000 $60,000 $40,000 $20,000 $0
Slide 15: Calendar Year 2011 Dividends
Calendar Year 2011 Dividends Regular quarterly dividends (February, May, August) $36,314,992 “Welcome” Welcome dividend 96,838,953 Regular quarterly dividends declared (November) 12,145,035 Special year-end dividend declared (December) 16,193,381 Total dividends paid in calendar year 2011 $161,492,3
Slide 16: Questions?
Questions? Thank you for attending.
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