Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.11 per share when it actually produced earnings of $0.07, delivering a surprise ...

Financial Performance - For the quarter ended September 30, 2024, Capitol Federal Financial reported a net income of $12.1 million, or $0.09 per share, compared to $9.6 million, or $0.07 per share for the previous quarter, representing a 26.0% increase in net income [2]. - The fiscal year 2024 net income was $38.0 million, or $0.29 per share, a significant recovery from a net loss of $101.7 million, or $(0.76) per share in the prior year [13]. - The company announced a cash dividend of $0.085 per share, payable on November 15, 2024, to stockholders of record as of November 1, 2024 [1]. - For the fiscal year ended September 30, 2024, net income was $38.01 million, a significant increase of $139.67 million or 137.4% compared to a net loss of $101.66 million in the prior year [26]. Interest Income and Margin - The net interest margin improved to 1.80% for the quarter, up from 1.77% in the previous quarter, driven by better performance in the loan portfolio [2]. - Total interest and dividend income for the quarter was $96.867 million, an increase of 2.0% from $94.995 million in the prior quarter [4]. - Interest and dividend income increased by $17.1 million, or 4.7%, to $376.8 million, driven by a 10.2% increase in loans receivable income [17]. - The net interest margin increased by 34 basis points from 1.43% in the prior year to 1.77% in the current year, primarily due to the absence of the leverage strategy which negatively impacted the prior year's margin by 12 basis points [15]. Credit Losses and Asset Quality - The provision for credit losses for the quarter was a release of $637 thousand, compared to a provision expense of $1.5 million in the previous quarter, indicating improved asset quality [7]. - The provision for credit losses decreased to $1.3 million from $6.8 million in the prior year, reflecting a $1.9 million increase in reserves for off-balance sheet credit exposures [20]. - The company reported a total of 76 nonaccrual loans amounting to $10,092 million as of September 30, 2024, compared to 57 loans totaling $8,603 million a year earlier, reflecting a significant increase [73]. - The total non-performing assets as a percentage of total assets was 0.11% as of September 30, 2024, unchanged from the previous quarter [73]. Expenses and Efficiency - The efficiency ratio improved to 59.29% for the current quarter, down from 62.07% in the prior quarter, reflecting lower non-interest expenses [11]. - Total non-interest expense decreased to $27.040 million, down 3.3% from $27.950 million in the previous quarter [10]. - The company's efficiency ratio improved to 66.91% from (626.63)% in the prior year, with an adjusted ratio of 61.97% excluding net losses from the securities strategy [25]. Assets and Liabilities - Total assets decreased to $9.53 billion, down $649.9 million or 6.4% from September 30, 2023, primarily due to a $528.2 million decrease in securities [30]. - Total liabilities at September 30, 2024, were $8.50 billion, a decrease of $638.1 million from the previous year, mainly due to a $699.6 million decrease in borrowings [31]. - Stockholders' equity totaled $1.03 billion, a decrease of $11.8 million from September 30, 2023, attributed to share repurchases and dividend payments [35]. Shareholder Actions - The Company intends to pay a regular quarterly cash dividend of $0.085 per share for fiscal year 2025, totaling $0.34 per share for the year [37]. - The Company repurchased 3,280,110 shares of common stock at an average price of $5.87 per share during the current year, with $75.0 million authorized for future repurchases [38]. - The Board of Directors will consider additional dividends if earnings in fiscal year 2025 exceed $0.34 per share [37]. Loan Portfolio and Originations - Loan originations for one- to four-family and consumer loans totaled $102.08 million for the three months ended September 30, 2024, with a rate of 6.56% [33]. - The bank originated commercial loans totaling $350.6 million during the year ended September 30, 2024, including $156.4 million in commercial construction real estate loans [61]. - The total gross loan amount as of September 30, 2024, was $1,379.3 million, an increase from $1,562.9 million as of September 30, 2023, reflecting a growth of approximately 14.7% [65]. Risk and Uncertainties - The company faces various risks and uncertainties that could affect future earnings and capital levels, including regulatory changes and market conditions [42]. - Management applied qualitative factors to account for large dollar commercial loan concentrations and potential downside market risks related to housing price appreciation [81][82]. Securities and Investments - The company initiated a securities strategy by selling $1.30 billion of securities, recognizing an impairment loss of $192.6 million, and redeploying proceeds into higher-yielding securities [16]. - Fixed-rate securities comprised 95% of the securities portfolio, with a total carrying value of $829.9 million and a weighted average yield of 5.63% as of September 30, 2024 [87].

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 June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-34814 | --- | --- | |--------------------------------------------------- ...

This quarterly report represents an earnings surprise of -36.36%. A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on manag ...

Loan Activity: The following table summarizes activity in the loan portfolio, along with weighted average rates where applicable, for the periods indicated, excluding changes in ACL, deferred loan fees/discounts, and premiums/deferred costs. Loans that were paid off as a result of refinances are included in repayments. Loan endorsements are not included in the activity in the following table because a new loan is not generated at the time of the endorsement. The endorsed balance and rate are included in the ...

Dividend Yield: 5.76% Wedbush analyst David Chiaverini reiterated a Neutral rating with a price target of $17 on April 24. This analyst has an accuracy rate of 61%. Piper Sandler analyst Matthew Clark maintained a Neutral rating and cut the price target from $20 to $17 on May 1, 2023. This analyst has an accuracy rate of 66%. Recent News: Hanmi Financial said it will report second quarter financial results on Tuesday, July 23. Benzinga Pro's real-time newsfeed alerted to latest HAFC's news Loading... During ...

SECURITIES AND EXCHANGE COMMISSION ________________________ 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 March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-34814 _____________________________________ (Former name, former address and former fiscal year, if changed ...

Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.11 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this holding company for Capitol Federal Savings Bank would post earnings of $0.06 per share when it actually produced earnings of $0.10, delivering a surprise of 66.67%.Over the last four quarters, the company has surpassed consensus EPS ...

NEWS RELEASE FOR IMMEDIATE RELEASE April 24, 2024 ® CAPITOL FEDERAL FINANCIAL, INC. REPORTS SECOND QUARTER FISCAL YEAR 2024 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 results today for the quarter ended March 31, 2024. For best viewing results, please view this release in Portable Document Format (PDF) on our website, https://ir.capfed.com. The highlights for the quarter includ ...

Investors might want to bet on Capitol Federal Financial (CFFN) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual inve ...