Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Shareholder Meeting (February 2011)
21 slides from Capitol Federal Financial's shareholder meeting presentation, Feb 23, 2011
Slide 1: Prepared and ready. CFFN 2010 Annual Meeting
Slide 2: Welcome to the 2010 Annual Meeting of Capitol Federal Financial, Inc.
Welcome to the 2010 Annual Meetingg off Capitol p Federal Financial,, Inc.
Slide 3: Slide 3
Slide 4: Board of Directors
Board of Directors B. B. B B Andersen John B. Dicus, Chairman, President & CEO Morris J. J Huey, Huey II Jeffrey M. Johnson Michael T. T McCoy, McCoy M.D. MD Jeffrey R. Thompson Marilyn S.S Ward
Slide 5: Capitol Federal Management
Capitol p Federal Management g John B. B Dicus, Dicus Chairman, Chairman President & CEO R. Joe Aleshire, Executive Vice President Larry a y K.. Brubaker, ubake , Executive xecutive Vice President resident Rick C. Jackson, Executive Vice President Kent G. Townsend, Executive Vice President Tara D. V
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: Welcome Dividend
Welcome Dividend The Board has declared a $0.60 $0 60 per share “welcome” dividend payable on March 25 2011, 25, 2011 to all stockholders of record as of March 11, 2011.
Slide 8: Selected Balance Sheet Data
Selected Balance Sheet Data (in thousands) December 31, 2010 September 30, 2010 Total Assets $9,798,294 $ 8,487,130 Total Loans $5 121 018 $5,121,018 $5 168 202 $5,168,202 Total Deposits $4,682,101 $4,386,310 Total Borrowings $3,018,735 $3,016,980 Total Stockholders’ Equity $2,018,973 $961,950
Slide 9: Financial Performance FY 2010
Financial Performance FY 2010 N t Income Net I (i (in millions) illi ) $67 8 $67.8 Net Interest Margin 2.06% Return on Average Assets 0.80% Return on Average Equity 7.09%
Slide 10: Financial Performance FY 2010
Financial Performance FY 2010 Efficiency y Ratio 43.99% Operating Expense Ratio 1.06% Non-performing Assets to Total Assets 0.49% Equity to Total Assets 11.33%
Slide 11: Branch Expansion Since October 2009
Branch Expansion Since October 2009 • Barry Road Price Chopper - Kansas City, MO • Embassyy Plaza - Kansas C City, y, MO O • Andover Marketplace - Andover, KS • Gardner Price Chopper - Gardner, Gardner KS
Slide 12: Payment of Dividends
Payment y of Dividends • CFFN p paid dividends of $12.1 million,, or $0.075 per share, on February 18, 2011. •The Board has committed to pay 100% of earnings in the form of dividends for fiscal years 2011 and 2012. y
Slide 13: Calendar Year Dividend History
Calendar Year Dividend History (in millions) $40 000 $40,000 $30,000 $20,000 $10,000 $0
Slide 14: Cumulative Cash Returned to Stockholders
Cumulative Cash Returned to Stockholders (in millions) $805.7 $750 Stockholder dividends $500 $250 Stock repurchases $0 FY 1999 - February 2011
Slide 15: Second-Step Conversion
Second-Step Second Step Conversion • Conversion from a mutual holding company form of organization to a stock form of organization completed in December 2010. Capitol Federal Financial was succeeded by Capitol Federal Financial, Inc. • Capitol Federal Financial, Inc. sold 118,150,000 shares of commo
Slide 16: Second-Step Conversion
Second-Step Conversion Total shares sold 118,150,000 Existing shares converted (21,799,861 x 2.2637) 49,348,345 Less fractional shares (4,737) Total shares outstanding at 12/31/2010 167,493,608 Less unallocated ESOP and RRP shares (6,000,952) Net shares outstandingg at 12/31/2010 161,492,656 , ,
Slide 17: Second-Step Conversion
Second-Step Conversion • Net proceeds from the stock offering were $1.13 billion. • 50%, or $567.4 million, was contributed to the Bank,, the minimum required q byy the OTS. • The Bank intends to use the proceeds as follows: – To p purchase loans and support pp internal ggrowth – Enhance existing pr
Slide 18: Second-Step Conversion
Second-Step Conversion • The other 50% remained at Capitol Federal Financial, Inc. – $40.0 million contributed to the Bank’s charitable foundation, Capitol Federal Foundation. – $47.3 million loaned to the Bank’s ESOP for its purchase of Capitol Federal Financial, Inc. shares – $53.6 $53 6 million t
Slide 19: Questions & Answers
Questions & Answers = Capitol yj Federal Financial 2010 CAPITOL FEDERAL FINANCIAL, INC. STOCKHOLDERS MEETING
Slide 20: Thank you for attending.
Thank you for attending. attending
Slide 21: Slide 21
Capitol Federal Financial — Shareholder Meeting (February 2011) on 6ix