Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Q4 2026 Earnings Presentation
33 slides from Capitol Federal Financial's earnings presentation, Oct 28, 2026
Slide 1: Quarterly Investor Presentation October 2026
October 2026 QUARTERLY INVESTOR PRESENTATION
Slide 2: Safe Harbor Disclosure
2 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 statement
Slide 3: Capitol Federal Financial, Inc. (CFFN) at a glance
3 Capitol Federal Financial, Inc. (CFFN) at a glance For over 130 years, Capitol Federal® has been a leader in financial stability and trust in the communities we serve. We will continue the tradition we have held since 1893 as a community-oriented financial institution, offering a variety of financ
Slide 4: Uniquely positioned, deeply experienced and fully aligned to deliver on our strategic roadmap
4 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 req
Slide 5: CFFN investment rationale
5 CFFN investment rationale Uniquely focused on delivering long- term, sustainable stockholder value while maintaining a strong capital position Banking expertise strengthened by a deep understanding of the communities we serve 1 Robust balance sheet, consistent results, long history of disciplined
Slide 6: Strategic Initiatives
6 Strategic Initiatives Deliver long-term value to stockholders through the disciplined execution of our strategic initiatives Enhancing stockholder value while upholding sound asset quality and a strong capital position. Strategic Actions Commercial Lending Treasury Management Disciplined Capital R
Slide 7: Deposit base and customer solution expansion
7 Deposit base and customer solution expansion Treasury Management • Competitive suite of treasury management products • Experienced team of treasury management officers • Focus area for our sales teams to diversify funding sources and increase fee revenue tied to depository accounts • New deposit a
Slide 8: 2026 Fiscal Year Accomplishments
8 2026 Fiscal Year Accomplishments • Commercial Lending: Increased commercial loans from 26% to 31% of the portfolio, driven by strong commercial banking execution. +$468.8 million • Treasury Management: Expanded treasury management capabilities with digital onboarding, lockbox services, purchase ca
Slide 9: Balance sheet repositioning continues to drive improvements
9 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 our securities restructuring in October 2023, increasing over 100 basis points from our net interest margin of 1.21% for f
Slide 10: Strong capital position supports capital returns via disciplined framework
10 Strong capital position supports capital returns via disciplined framework 10.1% 10.0% 10.0% 10.0% 10.1% 16.8% 16.5% 16.2% 16.0% 15.6% Tier 1 Leverage CET1 9/25 12/25 3/26 6/26 9/26 The Company has paid $0.380 per share in cash dividends during the current fiscal year, including four regular quar
Slide 11: Quarterly percentage of dividends and stock repurchases to net income
11 Quarterly percentage of dividends and stock repurchases to net income As a Percentage of Net Income 81% 77% 61% 66% 54% 79% 45% 47% Repurchase of common stock Cash dividends to stockholders 12/25 3/26 6/26 9/26 —% 50% 100% 150% 200%
Slide 12: Long history of disciplined capital returns
12 Long history of disciplined capital returns Over $2.11 billion of cumulative capital returned to shareholders since 2010 Stockholder dividends $11.62/sh Share repurchases 48,664,789 shares Avg. Price of $10.29 For fiscal year 2027, it is the intention of the Company's Board of Directors to pay ou
Slide 13: Growing our commercial loan portfolio
13 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
Slide 14: Transition to a commercial loan portfolio
14 69% 31% One- to four-family and consumer Commercial 88% 12% Transition to a commercial loan portfolio $2.3B $1.8B $1.6B $0.7B $1.3B $1.5B One- to four-family and consumer Commercial 2021 2022 2023 2024 2025 2026 Loan CompositionFiscal Year Loan Activity September 30, 2021 September 30, 2026
Slide 15: Using our expertise to serve borrowers where they are
15 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 gener
Slide 16: Deposit growth leads to remix of funding sources
16 Deposit growth leads to remix of funding sources (in b ill io ns ) $6.43B $6.59B $6.76B $6.92B $6.85B $6.86B Checking High Yield Savings Other Savings Money Market Certificates of Deposit 6/25 9/25 12/25 3/26 6/26 9/26 $– $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00
Slide 17: Q4 2026 Financial Highlights
17 Q4 2026 Financial Highlights Net Income $22.4 million $0.18 basic/diluted earnings per share 2.39% net interest margin Capital Ratios 9.53% CBLR Deposits $6.86 billion Loans $8.20 billion ACL / Loans 0.32% Expense Management 53.79% efficiency ratio 1.35% operating expense ratio • Basic and dilute
Slide 18: Financial highlights
18 Financial highlights (dollars in thousands) At or for the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Net income $ 22,376 $ 23,570 $ 20,148 $ 20,304 $ 18,813 Earnings per share 0.18 0.19 0.16 0.16 0.14 Tangible book value per share 8.02 8.04 7.96 7.95 7.85 Net interest m
Slide 19: Condensed Consolidated Income Statement
19 Financial Highlights Condensed Consolidated Income Statement (dollars in thousands) For the Three Months Ended 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Interest income $ 106,254 $ 105,119 $ 104,560 $ 105,989 $ 104,044 Interest expense 51,425 51,636 52,294 54,672 55,261 Net interest inco
Slide 20: Condensed Consolidated Balance Sheet
20 Financial Highlights Condensed Consolidated Balance Sheet (dollars in thousands) At Qtr Avg Yield/Cost for Qtr Ended 9/30/2026 9/30/2025 9/30/2026 6/30/2026 9/30/2026 6/30/2026 ASSETS: Cash and cash equivalents $ 150,292 $ 252,443 $ 123,963 $ 215,292 3.70% 3.65% Securities 734,814 867,216 760,985
Slide 21: Financial Highlights: quarterly trends
21 $18.4M $18.8M $20.3M $20.1M $23.6M $22.4M 6/25 9/25 12/25 3/26 6/26 9/26 Financial Highlights $0.14 $0.14 $0.16 $0.16 $0.19 $0.18 6/25 9/25 12/25 3/26 6/26 9/26 0.76% 0.77% 0.83% 0.82% 0.97% 0.92% 6/25 9/25 12/25 3/26 6/26 9/26 7.05% 7.17% 7.72% 7.74% 9.21% 8.76% 6/25 9/25 12/25 3/26 6/26 9/26 1.
Slide 22: Non-interest Expense and Operating Expense Ratio
22 (in m ill io ns ) $29.6M $31.0M $30.5M $30.3M $31.3M $32.7M Salaries and employee benefits Information technology and related expense Occupancy, net Professional and other services Advertising and promotional Other 6/25 9/25 12/25 3/26 6/26 9/26 $— $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 Non-int
Slide 23: Efficiency Ratio Trends
23 Efficiency Ratio Trends (quarterly) Financial Highlights 58% 57% 54% 52% 52% 54% Salaries and employee benefits Information technology and related expense Occupancy, net Professional and other services Advertising and promotional Other 6/25 9/25 12/25 3/26 6/26 9/26 % 20% 40% 60%
Slide 24: Balance Sheet Trends
24 Financial Highlights Balance Sheet Trends 24% 26% 28% 28% 30% 31% 6/25 9/25 12/25 3/26 6/26 9/26 125% 123% 121% 118% 120% 120% 6/25 9/25 12/25 3/26 6/26 9/26 21% 20% 19% 17% 17% 17% 6/25 9/25 12/25 3/26 6/26 9/26 Commercial loans / Total loans Loans / Deposits Borrowings / Total assets
Slide 25: Loan Portfolio Trends
25 Financial Highlights Loan Portfolio Trends $6.02B $5.90B $5.81B $5.71B $5.60B $5.52B 3.65% 3.68% 3.71% 3.73% 3.77% 3.81% Originated Purchased Rate 6/25 9/25 12/25 3/26 6/26 9/26 $1.91B $2.12B $2.28B $2.32B $2.47B $2.58B 5.93% 5.98% 5.93% 5.97% 5.98% 6.06% CRE Construction C&I Rate 6/25 9/25 12/25
Slide 26: CRE and Construction Loans by Property Type
26 Financial Highlights Hotel, 30% Senior housing 24% Multi-family 14% Retail building 12% Office building, 5% Other 15% $2.3B Total CRE and Construction Loans by Property Type as of September 30, 2026 (Unpaid Principal Balance) • At September 30, 2026, CRE and commercial construction loans made up
Slide 27: Non-owner occupied CRE
27 Financial Highlights Non-owner occupied CRE as of September 30, 2026 (Unpaid Principal Balance) • Non-owner occupied CRE loans made up 64% of the CRE loan portfolio and 18% of total loans at September 30, 2026. • Hotel: ▪ Weighted average LTV of 54% ▪ Weighted average DSCR of 1.46x • Senior housi
Slide 28: Owner occupied CRE
28 Financial Highlights Owner occupied CRE as of September 30, 2026 (Unpaid Principal Balance) • Owner occupied CRE loans made up 8% of the CRE loan portfolio and 2% of total loans at September 30, 2026. • Retail building: ▪ Weighted average LTV of 56% ▪ Weighted average DSCR of 1.88x • Office build
Slide 29: C&I Loans by Loan Purpose
29 Financial Highlights C&I Loans by Loan Purpose as of September 30, 2026 (Unpaid Principal Balance) • C&I loans made up and 4% of total loans at September 30, 2026. • Purchase/refinance business assets: ▪ Weighted average DSCR of 2.14x • Working capital: ▪ Weighted average DSCR of 5.71x • Purchase
Slide 30: Asset Quality
30 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 30 to 89 days delinquent loans to total loans receivable, net Non-performing loans t
Slide 31: Deposit Portfolio
31 Checking Other savings High yield savings Money market Rate 6/25 9/25 12/25 3/26 6/26 9/26 $—B $0.80B $1.60B $2.40B $3.20B $4.00B —% 0.25% 0.50% 0.75% 1.00% 1.25% Non-int checking Int checking Savings Money market Rate 6/25 9/25 12/25 3/26 6/26 9/26 $—B $0.10B $0.20B $0.30B $0.40B $0.50B —% 0.25%
Slide 32: Dividend and Share Information
32 Dividend and Share Information (in m ill io ns ) Regular dividends True-up dividends Special dividends Share repurchases 2021 2022 2023 2024 2025 2026 $— $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 2021 2022 2023 2024 2025 2026* 100,000,000 110,000,000 120,000,000 130,000,000 140,000,000 150,000,000 C
Slide 33: Interest Rate Risk Sensitivity
33 Financial Highlights Interest Rate Risk Sensitivity (dollars in thousands) As of September 30, 2026 More than More Than Within One Year to Three Years One Year Three Years to Five Years Interest-earning assets: Loans receivable $ 2,570,425 $ 1,839,698 $ 1,228,328 Securities 117,201 245,552 173,01
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