Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Q3 2026 Earnings Presentation
31 slides from Capitol Federal Financial's earnings presentation, July 2026
Slide 1: Quarterly Investor Presentation July 2026
July 2026 QUARTERLY INVESTOR PRESENTATION
Slide 2: Safe Harbor Disclosure
Safe Harbor Disclosure Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements
Slide 3: Capitol Federal Financial, Inc. (CFFN) at a glance
Capitol Federal Financial, Inc. (CFFN) at a glance Topeka, Kansas For over 130 years, Capitol Federal® has been a leader in financial stability and trust in the Corporate Offices communities we serve. Nasdaq: CFFN We will continue the tradition we have held since 1893 as a community-oriented financi
Slide 4: Uniquely positioned, deeply experienced and fully aligned to deliver on our strategic roadmap
ü ü Uniquely positioned, deeply experienced and fully aligned to deliver on our strategic roadmap Our leadership team combines deep industry expertise with a proven track record of operational excellence. We have architected the current strategic plan and possess the unique institutional knowledge r
Slide 5: CFFN investment rationale
CFFN investment rationale Banking expertise strengthened by a 1 deep understanding of the communities Uniquely focused we serve on delivering long- term, sustainable Robust balance sheet, stable portfolios, stockholder value 2 long history of disciplined capital returns while maintaining a strong ca
Slide 6: Strategic Initiatives
Strategic Initiatives Enhancing stockholder value while upholding sound asset quality and a strong capital position. Strategic Digital Banking Actions Deliver long-term value to stockholders Commercial Disciplined through the Lending Capital Returns disciplined execution of our strategic initiatives
Slide 7: Deposit base and customer solution expansion
Deposit base and customer solution expansion Treasury Digital Wealth Management Banking Management • Competitive suite of • New deposit account • Bringing together wealth treasury management onboarding platform management, private products • Digital banking banking and insurance to • Experienced tea
Slide 8: Balance sheet repositioning continues to drive improvements
Balance sheet repositioning continues to drive improvements • Net interest margin continues to improve: Our net interest margin has continued to expand since the completion of a securities restructuring in October 2023, increasing over 100 basis points from our net interest margin of 1.21% for fisca
Slide 9: Strong capital position supports capital returns via disciplined framework
Strong capital position supports capital returns via disciplined framework 17.1% 16.8% The Company has paid $0.295 per share 16.5% 16.2% 16.0% in cash dividends during the current fiscal year, including three regular quarterly dividends totaling $0.255 and a $0.040 special dividend in Q2 2026. 10.2%
Slide 10: Long history of disciplined capital returns
Long history of disciplined capital returns Over $2.09 billion of cumulative capital returned to shareholders since 2010 $2,500.0 $2,033.1 $2,089.2 $1,968.7 $2,000.0 $1,500.0 Stockholder (in millions) $1,576.9 $1,603.4 dividends $1,532.7 $11.53/sh $1,000.0 $500.0 Share repurchases $456.2 $485.8 46,9
Slide 11: Growing our commercial loan portfolio
Growing our commercial loan portfolio • Positive mix-shift into commercial lending, out of single-family lending, is our primary growth-oriented strategic initiative • Growth driven through investments in technology, people, products, and services • Active in commercial lending markets even when the
Slide 12: Transition to a commercial loan portfolio
Transition to a commercial loan portfolio Fiscal Year Loan Activity Loan Composition $2.3B $1.8B 30% $1.6B 12% $1.3B $1.0B $0.7B 88% September 30, 2021 70% June 30, 2026 2021 2022 2023 2024 2025 2026 YTD * One- to four-family and consumer Commercial One- to four-family and consumer Commercial * For
Slide 13: Using our expertise to serve borrowers where they are
Using our expertise to serve borrowers where they are We offer both commercial and one- to four- family loan products to our customers. We offer commercial lending options and participate in commercial loans with other lenders, both locally and outside our market areas. Commercial loans are generall
Slide 14: Consistent deposit growth to remix funding sources
Consistent deposit growth to remix funding sources $8.00 $6.92B $6.85B $7.00 $6.76B $6.43B $6.59B $6.37B $6.00 $5.00 (in billions) $4.00 $3.00 $2.00 $1.00 $– 3/25 6/25 9/25 12/25 3/26 6/26 Checking High Yield Savings Other Savings Money Market Certificates of Deposit 14
Slide 15: Q3 2026 Financial Highlights
Q3 2026 Financial Highlights Net Income • Net interest margin was 2.31%, an increase of seven basis points from 2.24% $23.6 million for the quarter ended March 31, 2026 (the "prior quarter"); 2.31% net interest margin • An efficiency ratio of 52.10%, an improvement from 52.45% the prior quarter; Cap
Slide 16: Financial highlights
Financial highlights (dollars in thousands) At or for the Three Months Ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Net income $ 23,570 $ 20,148 $ 20,304 $ 18,813 $ 18,382 Earnings per share 0.19 0.16 0.16 0.14 0.14 Tangible book value per share 8.04 7.96 7.95 7.85 7.80 Net interest marg
Slide 17: Condensed Consolidated Income Statement
Financial Highlights Condensed Consolidated Income Statement (dollars in thousands) For the Three Months Ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Interest income $ 105,119 $ 104,560 $ 105,989 $ 104,044 $ 99,678 Interest expense 51,636 52,294 54,672 55,261 54,220 Net interest income 5
Slide 18: Condensed Consolidated Balance Sheet
Financial Highlights Condensed Consolidated Balance Sheet (dollars in thousands) At Qtr Avg Yield/Cost for Qtr Ended 6/30/2026 9/30/2025 6/30/2026 3/31/2026 6/30/2026 3/31/2026 ASSETS: Cash and cash equivalents $ 136,098 $ 252,443 $ 215,292 $ 271,032 3.65% 3.65% Securities 783,559 867,216 792,182 79
Slide 19: Financial Highlights
Financial Highlights At or For the Three Months Ended Net Income Return on Average Equity 9.21% Net Interest Margin $23.6M $20.3M $20.1M 7.72% 7.74% 2.31% $18.4M $18.8M 7.05% 7.17% 2.19% 2.24% 1.98% 2.09% $15.4M 5.96% 1.92% 3/25 6/25 9/25 12/25 3/26 6/26 3/25 6/25 9/25 12/25 3/26 6/26 3/25 6/25 9/25
Slide 20: Non-interest Expense and Operating Expense Ratio
Financial Highlights Non-interest Expense and Operating Expense Ratio (quarterly) $35.0 1.23% 1.23% 1.27% 1.24% 1.24% 1.29% $31.0M $30.5M $31.3M $29.5M $29.6M $30.3M $30.0 $25.0 (in millions) $20.0 $15.0 $10.0 $5.0 $— 3/25 6/25 9/25 12/25 3/26 6/26 Salaries and employee benefits Information technolo
Slide 21: Efficiency Ratio Trends
Financial Highlights Efficiency Ratio Trends (quarterly) 61% 60% 58% 57% 54% 52% 52% 40% 20% % 3/25 6/25 9/25 12/25 3/26 6/26 Salaries and employee benefits Information technology and related expense Occupancy, net Professional and other services Advertising and promotional Other 21
Slide 22: Balance Sheet Trends
Financial Highlights Balance Sheet Trends Commercial loans / Total loans Loans / Deposits Borrowings / Total assets 30% 124% 125% 123% 121% 28% 28% 118% 120% 22% 26% 21% 20% 24% 19% 21% 17% 17% 3/25 6/25 9/25 12/25 3/26 6/26 3/25 6/25 9/25 12/25 3/26 6/26 3/25 6/25 9/25 12/25 3/26 6/26 22
Slide 23: Loan Portfolio Trends
Financial Highlights Loan Portfolio Trends One- to four-family loans Commercial loans 3.71% 3.73% 3.77% 5.93% 5.98% 5.93% 5.97% 5.98% 3.61% 3.65% 3.68% 5.67% $2.47B $2.28B $2.32B $2.12B $6.12B $6.02B $5.90B $5.81B $1.91B $5.71B $5.60B $1.67B 3/25 6/25 9/25 12/25 3/26 6/26 3/25 6/25 9/25 12/25 3/26 6
Slide 24: CRE and Construction Loans by Property Type
Financial Highlights CRE and Construction Loans by Property Type as of June 30, 2026 (Unpaid Principal Balance) • At June 30, 2026, CRE and Other commercial construction loans made Office building, 5% 14% up 89% of the commercial loan Hotel, 29% portfolio and 27% of total loans. • Maintaining strong
Slide 25: Non-owner occupied CRE as of June 30, 2026
Financial Highlights Non-owner occupied CRE as of June 30, 2026 (Unpaid Principal Balance) Retail building, 12% Office building, 5% • Non-owner occupied CRE loans made up 64% of the CRE loan portfolio and 17% of Warehouse/ total loans at June 30, 2026. manufacturing, 2% • Hotel: ▪ Weighted average L
Slide 26: Owner occupied CRE as of June 30, 2026
Financial Highlights Owner occupied CRE as of June 30, 2026 (Unpaid Principal Balance) Single use Other, 4% building, 17% • Owner occupied CRE loans made up 8% of the CRE loan portfolio and 2% of total loans at June 30, 2026. • Retail building: ▪ Weighted average LTV of 53% Warehouse/ ▪ Weighted ave
Slide 27: C&I Loans by Loan Purpose as of June 30, 2026
Financial Highlights C&I Loans by Loan Purpose as of June 30, 2026 (Unpaid Principal Balance) Purchase Other, 5% equipment, 6% Working capital, 42% • C&I loans made up and 3% of total Finance/lease loans at June 30, 2026. vehicle, 10% • Working capital: $274M ▪ Weighted average DSCR of 5.09x Total •
Slide 28: Asset Quality
Financial Highlights Asset Quality • Underwriting standards designed to limit exposure to credit risk • Complete documentation required for all loans • Ongoing monitoring of loan concentrations and credit quality 0.80% 70% 1.80x Debt service coverage ratio ("DSCR") Loan-to-value ("LTV") ratio 0.60%
Slide 29: Deposit Portfolio
Financial Highlights Deposit Portfolio Retail non-maturity deposits Commercial non-maturity deposits Certificates of deposit $4.00B 1.25% $0.50B 1.50% $4.00B 5.00% 1.25% $3.20B 1.00% $0.40B $3.20B 4.00% 1.00% $2.40B 0.75% $0.30B $2.40B 3.00% 0.75% $1.60B 0.50% $0.20B $1.60B 2.00% 0.50% $0.80B 0.25%
Slide 30: Dividend and Share Information
Dividend and Share Information Calendar Year Dividends Shares Outstanding at Fiscal Year End $150.0 150,000,000 $125.0 140,000,000 $100.0 130,000,000 (in millions) $75.0 120,000,000 $50.0 110,000,000 $25.0 $— 100,000,000 2021 2022 2023 2024 2025 2026 2021 2022 2023 2024 2025 2026* Regular dividends
Slide 31: Interest Rate Risk Sensitivity
Financial Highlights Interest Rate Risk Sensitivity (dollars in thousands) As of June 30, 2026 14.00% 3.50% More than More Than Within One Year to Three Years 3.00% One Year Three Years to Five Years 12.00% Interest-earning assets: 2.50% Loans receivable $ 2,521,472 $ 1,819,115 $ 1,287,109 Rate Sens
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