Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — KBW Regional Bank Conference (February 2010)
15 slides from Capitol Federal Financial's conference presentation, Feb 25, 2010
Slide 1: Capitol Federal Financial
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) 2009 2009 Total Assets $8,374,762 $8,403,680 Loans $5,423,923 $5,603,965 Deposits $4,227,252 $4,228,609 Total Borro Borrowings ings $3 107 823 $3,107,823 $3 106 179 $3,106,179 Stockholders’ Equity $941,999 $941,298
Slide 5: Financial Performance
Fi Financial i l Performance P f Fiscal Year Quarter Ended Ended December 31,, September p 30,, 2009 2009 Net Income $21.0 million $66.3 million Diluted Earnings Per Share $0.29% $0.91% Net Interest Margin 2.19% 2.20% R Return on Average A A Assets 1 00% 1.00% 0 81% 0.81% Return on Average Equity 8.
Slide 6: Financial Performance
Fi Financial i l Performance P f Fiscal Year Quarter Ended Ended December 31, September 30, 2009 2009 Efficiency Ratio 39.23% 45.62% Operating Expense Ratio 1.08% 1.14% Non-performing Assets to Total Assets 0.47% 0.46% Equity q y to Total Assets 11.25% 11.20%
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: Management Strategy (November 2005)
Management Strategy (November 2005) • Single-Family g y Portfolio Lender • Retail Financial Services • Co Commitment t e t to Cost Co Control t o • Excellent Asset Quality
Slide 9: Loan Portfolio at December 31, 2009
Loan Portfolio at December 31, 2009 Consumer - 4% Other Real Estate -2% 1-4 Family - 94%
Slide 10: Loan Portfolio Quality
Loan Portfolio Quality 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% Non-performing p g Loans to Total Loans
Slide 11: Strong Capital Position
Strong Capital Position Regulatory At December 31, 2009: Requirement for Bank Ratios “Well-Capitalized” Well-Capitalized Status Core Capital 10.1% 5.0% Tier 1 Risk-Based Capital 23.8% 6.0% T t l Risk-Based Total Ri k B d Capital C it l 24 0% 24.0% 10 0% 10.0%
Slide 12: Regulatory Reform—Pending Legislation
Regulatory Reform—Pending Reform Pending Legislation •Approved by House but not Senate. •The Bank currently has authority to pay dividends to Capitol Federal Financial. Financial •MHC MHC currently has the right to waive dividends.
Slide 13: Cumulative Cash Paid to Stockholders
C Cumulative l ti Cash C h Paid P id to t Stockholders St kh ld (in millions) $755.6 million $$750 Stockholder dividends $500 $250 Stock repurchases $0 FY 1999 - February 2010
Slide 14: Investing with CFFN
I Investing i with i h CFFN Cumulative C l ti dividends di id d paid id : $18.67 $18 67 - initial stock price: (10.00) Net cash returned to stockholders: $ 8.67 8 67
Slide 15: Calendar Year Dividend History
Calendar Year Dividend History $2.50 2.30 2.29 $2.00 2.09 2.11 2.00 2.00 2.00 2.00 $1.50 $1.00 $0.50 0.62 0.46 0.50 0.30 $0.00 * *Under the current dividend policy, the Company will pay dividends of $2.00 per share for 2010.
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