Capitol Federal Financial, Inc. · NASDAQ:CFFN
Capitol Federal Financial — Shareholder Meeting (January 2025)
16 slides from Capitol Federal Financial's shareholder meeting presentation, Jan 29, 2025
Slide 1: Welcome to the 2024 Capitol Federal Financial, Inc. Annual Meeting
CEN WELCOME TO THE 2024 CAPITOL FEDERAL FINANCIAL, INC.® ANNUAL MEETING
Slide 2: Board of Directors
John B. Dicus, Chairman, President & CEO Michel’ Philipp Cole, ABC Morris J. Huey, II Jeffrey M. Johnson Michael T. McCoy, M.D. James G. Morris Carlton A. Ricketts Jeffrey R. Thompson Board of Directors 2
Slide 3: Management
Management John B. Dicus, Chairman, President & CEO Anthony S. Barry, Chief Corporate Services Officer Natalie G. Haag, General Counsel & Corporate Secretary Rick C. Jackson, Chief Lending Officer William J. Skrobacz, Jr., Chief Retail Operations Officer Kent G. Townsend, Chief Financial Officer 3
Slide 4: Safe Harbor Disclosure
Safe Harbor Disclosure Except for the historical information contained in this presentation, 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 a
Slide 5: Selected Balance Sheet Data
Selected Balance Sheet Data September 30, 2024 2023 (in thousands) Total Assets $ 9,527,608 $ 10,177,461 Total Loans $ 7,907,338 $ 7,970,949 Total Securities $ 856,266 $ 1,384,482 Total Deposits $ 6,129,982 $ 6,051,220 Total Borrowings $ 2,179,564 $ 2,879,125 Total Stockholders' Equity $ 1,032,270 $
Slide 6: Strategic Securities Transaction
Strategic Securities Transaction • In October 2023, the Company completed a strategic securities transaction by selling $1.30 billion of securities representing 94% of the portfolio. • The Company recognized an impairment loss of $145.5 million, after tax, in fiscal year 2023. An additional $10.0 mi
Slide 7: Financial Performance FY 2024
Financial Performance FY 2024 Without Strategic Securities Actual Transaction (GAAP) (Non-GAAP) Net Income (in thousands) $ 38,010 $ 48,099 Earnings Per Share (basic & diluted) $ 0.29 $ 0.37 Return on Average Assets 0.40% 0.50% Return on Average Equity 3.69% 4.66% Efficiency Ratio 66.91% 61.97% 7
Slide 8: Financial Performance FY 2024
Financial Performance FY 2024 Net Interest Margin 1.77% Operating Expense Ratio 1.17% Non-performing Assets to Total Assets 0.11% Equity to Total Assets 10.83% 8
Slide 9: Calendar Year 2024 Dividends and Share Repurchases
Number of shares repurchased 1,246,110 Average price per share $ 6.00 Total amount repurchased $ 7,475,387 *Paid in February, May, August, and November. Calendar Year 2024 Dividends and Share Repurchases Total regular quarterly dividends* $ 44,274,413 9
Slide 10: Cumulative Cash Returned to Stockholders
(in m ill io ns ) $1,916.9 $1,968.7 $428.5 $436.0 $1,488.4 $1,532.7 2023 2024 $0.0 $400.0 $800.0 $1,200.0 $1,600.0 $2,000.0 $2,400.0 Cumulative Cash Returned to Stockholders Stockholder Dividends $10.98/sh per share Share Repurchases 39,992,307 shares Avg. Price of $10.90 10
Slide 11: Payment of Dividends
Payment of Dividends • CFFN declared a regular quarterly dividend of $0.085 per share on January 28, 2025. • For fiscal year 2025, it is the intent of our Board and management to pay out the regular quarterly cash dividend of $0.085 per share, totaling $0.34 per share for the year. • Because of the
Slide 12: Long-Term Strategy
Long-Term Strategy • Commercial Banking • Deposit Services • Single-Family Portfolio Lender • Excellent Asset Quality • Strong Cost Controls • Strong Capital Position • Stockholder Value • Interest Rate Risk Management 12
Slide 13: Questions & Answers
7 Questions & Answers €@) CAPITOL FEDERAL FINANCIAL, INC.° ANNUAL MEETING
Slide 14: Chairman Emeritus, Jack C. Dicus
Chairman Emeritus, Jack C. Dicus May 16, 1933 - June 19, 2024
Slide 15: Thank you for attending
4 Thank you for attending €@) CAPITOL FEDERAL FINANCIAL, INC.° ANNUAL MEETING
Slide 16: Financial Performance FY 2024 Non-GAAP Reconciliation
Financial Performance FY 2024 Non-GAAP Reconciliation For the Year Ended September 30, 2024 Without Strategic Strategic Securities Actual Securities Transaction (GAAP) Transaction (Non-GAAP) Net Income (in thousands) $ 38,010 $ (10,089) $ 48,099 Earnings Per Share (basic & diluted) $ 0.29 $ (0.08) $
Capitol Federal Financial — Shareholder Meeting (January 2025) on 6ix