UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ Form 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 or Maryland 27-2631712 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 700 South Kansas Avenue, Topeka, Kansas 66603 (Address of principal executive of ices) (Zip Code) ☐ TRANSIT ...

NEWS RELEASE FOR IMMEDIATE RELEASE January 28, 2026 CAPITOL FEDERAL FINANCIAL, INC. ® REPORTS FIRST QUARTER FISCAL YEAR 2026 RESULTS Topeka, KS - Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company," "we" or "our"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced preliminary results today for the quarter ended December 31, 2025. For best viewing results, please view this release in Portable Document Format (PDF) on our website, https://ir.capfed.com. ® Capitol Federal Fin ...

Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.35%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.14 per share when it actually produced earnings of $0.14, delivering no surpris ...

QUARTERLY INVESTOR PRESENTATION 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 about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "e ...

Core Viewpoint - Options markets are indicating significant post-earnings volatility for several stocks, particularly regional banks, with expectations of price swings being amplified by the Federal Reserve's policy decision [1][2]. Group 1: Implied Moves and Earnings Reports - Options markets are pricing in double-digit to near-50% post-earnings swings for a group of regional banks [2]. - Ten stocks are highlighted with implied moves of approximately 30% or more ahead of their earnings reports this week [3]. - Capitol Federal Financial, Inc. is expected to have the highest implied move at 48.48%, with earnings per share projected at 15 cents and revenue at $57.51 million [5][6]. - First Financial Bancorp follows closely with a 47.50% implied move, expecting earnings per share of 56 cents and revenue of $245.83 million [5][6]. - Other notable stocks include Provident Financial Services, Inc. (39.22% implied move), First BanCorp (39.09% implied move), and West Bancorporation, Inc. (35.92% implied move) [5][6]. Group 2: Specific Stock Details - Beacon Financial Corp. anticipates earnings per share of 79 cents and revenue of $224.81 million, with an implied move of 29.48% [5]. - ConnectOne Bancorp, Inc. expects earnings per share of 73 cents and revenue of $110.15 million, with an implied move of 29.51% [5]. - High Tide Inc., the only non-bank on the list, is set to report earnings per share of $0.01 and revenue of $114.95 million, with an implied move of 30.12% [5]. - Primis Financial Corp. is projected to have earnings per share of $1.10 and revenue of $34.98 million, with an implied move of 31.17% [5]. - Hope Bancorp, Inc. expects earnings per share of 26 cents and revenue of $142.91 million, with an implied move of 32.94% [5].

TOPEKA, Kan.--(BUSINESS WIRE)--Capitol Federal Financial, Inc.® Announces Special Dividend And Stock Buyback Update. ...

Financial Performance - The Company reported a net income of $68.0 million, or $0.52 per share, for fiscal year 2025, up from $38.0 million, or $0.29 per share, in the prior year, primarily due to higher net interest income [143]. - The efficiency ratio improved to 58.33% for the current fiscal year, down from 66.91% in the prior year, reflecting higher net interest income [146]. - The return on average assets increased to 0.71% in 2025 from 0.40% in 2024, reflecting enhanced profitability relative to total assets [285]. - The return on average equity improved to 6.54 in 2025, up from 3.69 in 2024, indicating stronger returns for shareholders [285]. - Net income for the current fiscal year was $68.025 million, a 79.0% increase from $38.010 million in the prior fiscal year, with pretax income rising by 53.4% to $83.021 million [307]. Loan Portfolio - Total loans receivable increased to $8.0 billion in 2025, with a net interest income of $180.3 million, compared to $7.9 billion and $162.1 million in 2024, respectively [288]. - The commercial loan portfolio increased by $607.0 million, or approximately 40%, during the current fiscal year, while one- to four-family loans decreased by $400.0 million [148]. - The one- to four-family loan portfolio decreased to $3.77 billion, representing 64% of the total one- to four-family loan portfolio, impacted by high interest rates and limited housing inventory [177][176]. - The commercial loan portfolio, which includes commercial real estate loans, reached $2.12 billion, up from $1.51 billion in the previous year, with a weighted average yield of 5.98% [187]. - Total originated commercial loans amounted to $797,466,000 with a weighted average rate of 6.93% and a weighted average LTV of 65% [203]. Asset and Liability Management - Total assets reached $9.78 billion as of September 30, 2025, an increase of $251.1 million from the previous year, mainly due to loan portfolio growth funded by deposit increases [147]. - Total liabilities increased to $8.73 billion, up $235.7 million from the previous year, primarily due to a $364.5 million increase in deposits from high yield savings accounts [151]. - The Bank's total borrowings were $1.95 billion, representing approximately 20% of total assets, with a borrowing limit of 44% starting November 1, 2025 [312]. - The weighted average rate for total deposits decreased to 2.26% in 2025 from 2.45% in 2024 [251]. - The Bank had $2.92 billion in liquidity available as of September 30, 2025, based on its collateral agreements and unencumbered securities [313]. Credit Quality and Risk Management - The Allowance for Credit Losses (ACL) was $24.0 million as of September 30, 2025, an increase from $23.0 million in the previous year, while the reserve for off-balance sheet credit exposures decreased to $5.5 million from $6.0 million [171]. - Nonaccrual loans as a percentage of total loans increased to 0.59% as of September 30, 2025, from 0.13% in the previous year [225]. - The total non-performing assets amounted to $48.3 million, representing 0.49% of total assets as of September 30, 2025 [225]. - The ratio of ACL to total loans increased to 0.30% as of September 30, 2025, compared to 0.29% in the previous year, primarily due to a shift in the loan portfolio mix towards commercial loans [239]. - The provision for credit losses for the year ended September 30, 2025, was $1.202 million, a significant increase from a provision of $(633) thousand in 2024 [242]. Dividend and Shareholder Returns - Stockholders' equity totaled $1.05 billion as of September 30, 2025, with total dividends declared and paid during fiscal year 2025 amounting to $44.3 million [152]. - The Company plans to continue regular quarterly cash dividends of $0.085 per share and explore further share repurchase opportunities in fiscal year 2026 [163]. - The Company paid $44.3 million in cash dividends during the fiscal year, equating to $0.34 per share [271]. - A stock repurchase of 618,260 shares was executed at an average price of $6.23 per share during the fiscal year [272]. - Since the second-step conversion in December 2010, the Company has returned $2.01 billion to stockholders through dividends and stock repurchases [273]. Strategic Initiatives and Future Outlook - The Company anticipates growing past $10 billion in total assets in the coming fiscal years due to strategic initiatives [308]. - Management continues to evaluate capital allocation strategies to enhance stockholder value, including stock repurchases and additional cash dividends [273]. - The projected disbursements for the quarter ending December 31, 2025, are expected to be $75,856,000 [209]. - The Company aims to maintain a tier 1 leverage ratio of about 9% to manage risk effectively [275]. - The Bank is expected to continue making earnings distributions to the Company during fiscal year 2026, contingent on maintaining positive tax accumulated earnings [276]. Operational and Compliance Risks - Cybersecurity risks continue to rise, potentially impacting the Bank's operations and reputation [86]. - Compliance with evolving privacy and data protection laws may result in higher costs and restrict business activities [92]. - The Bank and the Company face potential business, reputation, and financial risks from third-party vendors, including operational errors and information security breaches [94]. - The Bank heavily relies on technology for product delivery and business operations, necessitating ongoing investment in technological solutions and system upgrades [97]. - There are risks associated with implementing new technology initiatives, including potential delays, budget overruns, and negative operational impacts [97].

Core Insights - Capitol Federal Financial, Inc. (CFFN) reported an EPS of $0.52 for the year ended September 2025, which exceeded the previous estimate of $0.49 [1] Financial Performance - The reported EPS of $0.52 indicates a positive performance compared to the analyst's prior estimate [1]

Core Insights - Capitol Federal Financial, Inc. (CFFN) reported an EPS of $0.52 for the year ended September 2025, which exceeded the previous estimate of $0.49 [1] Financial Performance - The reported EPS of $0.52 indicates a positive performance compared to the analyst's prior estimate [1]

Financial Performance - Total assets reached $9.78 billion, stockholders' equity at $1.05 billion, and net income of $68.0 million for fiscal year 2025, reflecting growth from the previous year[2]. - Net income for the fourth quarter was $18.8 million, up from $18.4 million in the prior quarter, with basic and diluted earnings per share of $0.14[6][15]. - Net income for the year ended September 30, 2025, was $68.0 million, or $0.52 per share, compared to $38.0 million, or $0.29 per share, for the prior year, reflecting a significant increase in profitability[28]. - Net income for 2025 was $68,025,000, a 79.0% increase from $38,010,000 in 2024[43]. - Net income for the three months ended September 30, 2025, was $18,813 thousand, slightly higher than $18,382 thousand in the previous quarter, showing a growth of 2.3%[69]. Asset and Loan Growth - Total assets grew to $9,778,701,000 as of September 30, 2025, a 3.5% increase from $9,692,739,000 on June 30, 2025[47]. - The commercial loan portfolio grew by $607.0 million, or 40.2%, during fiscal year 2025, with commercial loans now comprising 26% of the overall loan portfolio[6][9]. - Total loans receivable increased to $8,126,806 thousand for the three months ended September 30, 2025, from $7,996,493 thousand in the previous quarter, reflecting a growth of 1.6%[70]. - Total commercial loans increased to $1,780,034 thousand in 2025, up from $1,378,421 thousand in 2024, with a yield increase from 5.57% to 5.77%[71]. - The total amount of commercial loans for the year ended September 30, 2025, was $901,897, with a weighted average rate of 6.95%[82]. Income and Expense Management - Cash dividends declared for fiscal year 2025 totaled $44.3 million, with a cash dividend of $0.085 per share announced for payment on November 21, 2025[12][14]. - Salaries and employee benefits rose by 4.3% to $15,936,000, contributing to a total non-interest expense increase of 4.9% to $31,018,000[24]. - Total non-interest income increased to $20,725,000 in 2025 from $5,244,000 in 2024, representing a 295.2% increase[38]. - Total non-interest expense for the year ended September 30, 2025, was $117,270 thousand, compared to $111,943 thousand for the previous year, representing an increase of 4.7%[69]. Efficiency and Ratios - The efficiency ratio improved to 56.84% in the fourth quarter, down from 58.26% in the prior quarter, indicating enhanced operational efficiency[6]. - The efficiency ratio improved to 58.33% in 2025 from 66.91% in 2024, reflecting higher net interest income[41]. - Return on average assets improved to 0.71% in 2025 from 0.40% in 2024, while return on average equity increased from 3.69 to 6.54[72]. Credit Quality and Losses - The provision for credit losses decreased to $745,000 from $1.3 million in the prior year, reflecting improved credit quality[36]. - Non-performing assets totaled $48,260,000, accounting for 0.49% of total assets as of September 30, 2025[101]. - The allowance for credit losses is estimated using a discounted cash flow model, with qualitative factors applied to account for large dollar commercial real estate loan concentrations[108]. - The total net charge-offs for the current fiscal year amounted to $198 thousand, with the majority related to a single-family bulk purchased loan[115]. Deposits and Funding - Deposits increased by $461,500,000 from September 30, 2024, primarily due to the high yield savings account offering[51]. - The deposit portfolio totaled $6.59 billion as of September 30, 2025, with a weighted average rate of 2.26%[124]. - Total retail deposits amounted to $5,961,370 thousand, with an average rate of 2.25%, representing 90.5% of total deposits[127]. - The total amount of certificates of deposit was $3,012,680 thousand, with an average rate of 3.74%, representing 45.7% of total deposits[126]. Securities and Investments - The company sold $1.30 billion of securities, representing 94% of its securities portfolio, and recognized an impairment loss of $192.6 million[30]. - The securities portfolio at amortized cost was $867.2 million as of September 30, 2025, with fixed-rate securities comprising 91% of the portfolio[120]. - The weighted average yield on the securities portfolio was 5.45% as of September 30, 2025, with a weighted average life of 4.8 years[120]. Future Outlook and Strategy - A new suite of private banking products is set to launch in fiscal year 2026, targeting high-net-worth individuals with personal relationships of $5 million or more[12][13]. - The company is committed to ongoing digital transformation, with enhancements to digital banking expected to be implemented in the second quarter of fiscal year 2026[11]. - Management anticipates a 9% increase in salary and employee benefit expenses for fiscal year 2026 due to hiring and merit increases[45]. - The Bank expects to fund approximately $76 million of undisbursed amounts on existing commercial real estate loans during the December 31, 2025 quarter[47].