Financial Position - As of June 30, 2023, the company had $22.5 million of common stock authorized under its existing stock repurchase plan, with approximately $22.47 million worth of shares yet to be purchased[186]. - The total interest-earning assets amounted to $9.91 billion, while total interest-bearing liabilities were $9.21 billion as of June 30, 2023[145]. - The balance of cash and cash equivalents was $329.4 million with an average yield of 4.82% as of June 30, 2023, compared to $49.2 million with an average yield of 1.75% at September 30, 2022[152]. - The company had $1.72 billion in cumulative excess of interest-earning assets over interest-bearing liabilities as of June 30, 2023[145]. - The Bank's CBLR was 9.6% as of June 30, 2023, exceeding the minimum requirement of 9%[160]. Interest Rate Risk - The gap between interest-earning assets and interest-bearing liabilities projected to reprice within one year was $(1.00) billion, or (9.7)% of total assets, as of June 30, 2023, compared to $(803.5) million, or (8.0)% at March 31, 2023[146]. - The cumulative one-year gap in interest rates was (11.6)% as of June 30, 2023, indicating a negative impact on earnings in a rising rate environment[146]. - The Bank's one-year gap is projected to be $(1.19) billion, or (11.6)% of total assets, if interest rates increase by 200 basis points as of June 30, 2023[164]. - The estimated change in the Bank's net interest income for a +200 basis point increase in interest rates is projected to be a decrease of $(282,317) thousand, or (29.65)%, as of June 30, 2023[165]. - The Bank's interest rate risk management program aims to maximize net interest income while managing exposure to changes in market interest rates[163]. Interest Income and Expense - The net interest income projection was lower at June 30, 2023, primarily due to higher interest expense projections on the Bank's liabilities compared to the increase in interest income projections on the Bank's assets[151]. - The company experienced a significant increase in the cost of liabilities, driven by higher balances and rates on certificates of deposit and money market accounts since September 30, 2022[151]. - The total interest-earning assets amount to $9,865,028 thousand with a weighted average yield of 3.43%[168]. - The total interest-bearing liabilities amount to $8,515,322 thousand with a weighted average rate of 2.47%[168]. - Fixed-rate loans receivable total $6,169,564 thousand, with a weighted average yield of 3.35%[168]. Market Value of Portfolio Equity - As of June 30, 2023, the Market Value of Portfolio Equity (MVPE) decreased by $292,679 thousand (30.74%) under a -200 basis point interest rate scenario compared to the base case[154]. - The sensitivity of the Bank's MVPE to interest rate changes is significant, with a larger increase in the market value of assets compared to liabilities in decreasing interest rate scenarios[167]. - The Bank's Market Value of Portfolio Equity (MVPE) at June 30, 2023, showed a negative percentage change compared to September 30, 2022, in all rising interest rate scenarios[174]. - The negative impact on MVPE was slightly lower at June 30, 2023, due to a higher MVPE resulting from an increase in the balance of certificates of deposit and borrowings[174]. - The increase in the loan portfolio balance contributed to the higher MVPE, while long-term rates remained relatively unchanged, leading to muted impacts on the market value of the loan portfolio[174]. Stock Repurchase - The average price paid per share for stock repurchases was not disclosed, but the company may repurchase shares based on market conditions and available liquidity[186].

Financial Performance - Net income for March 2023 was $14,189,000, a decrease from $21,623,000 in March 2022, representing a decline of approximately 34.4%[187]. - For the quarter ended March 31, 2023, the company reported net income of $14,189 thousand, compared to $21,623 thousand for the same period in 2022, reflecting a decrease of 34.3%[216]. - The company reported total non-interest expense of $28,631 thousand for the quarter ended March 31, 2023, compared to $27,960 thousand for the same period in 2022, an increase of 2.4%[216]. - The company experienced a decrease in salaries and employee benefits primarily due to a reduction in incentive compensation[99]. - The company experienced a significant decrease in unrealized losses on AFS securities, with an ending balance of $(71,776) thousand for the six months ended March 31, 2022[239]. Asset and Liability Management - Total assets increased to $10.09 billion as of March 31, 2023, representing a 6.3% increase from $9.93 billion as of December 31, 2022[46]. - Total liabilities increased to $9,013,736 thousand as of March 31, 2023, up from $8,528,398 thousand as of September 30, 2022, reflecting a growth of 5.7%[215]. - Total stockholders' equity as of March 31, 2023, was $1,072,034, a decrease from $1,096,499 as of December 31, 2022[203]. - The Bank's borrowing capacity from the FHLB was limited to 50% of total assets as of March 31, 2023[44]. - Total deposits decreased to $6.14 billion at March 31, 2023, a decline of $50.4 million from September 30, 2022, mainly driven by a $284.5 million decrease in money market account balances[241]. Loan Portfolio - Total loans receivable increased to $7,966,125 thousand as of March 31, 2023, up from $7,471,670 thousand as of September 30, 2022, representing an increase of approximately 6.6%[211]. - The total amount of commercial loans reached $1,181,603 thousand with a weighted average rate of 4.89%[78]. - The total loans reported for commercial real estate were $881,081, with "Pass" loans at $366,794[227]. - Loans receivable, net rose to $7.96 billion, a 9.0% increase from $7.78 billion as of December 31, 2022[46]. - The total amount of non-accrual loans was reported with no loans 90 or more days delinquent accruing interest[83]. Credit Quality - The provision for credit losses was $427 million for the six months ended March 31, 2023, with an ending balance of $19.889 billion in the allowance for credit losses[63]. - The ratio of net charge-offs (NCOs) to average non-performing assets was 0.20% for the current period, compared to (0.35)% for the prior period[116]. - Non-performing assets as a percentage of total assets decreased to 0.06% from 0.08% year-over-year, reflecting improved asset quality[181]. - The provision for credit losses for the current year period was $4.6 million, compared to a release of provision of $6.6 million during the prior year period, reflecting growth in the commercial loan portfolio[161]. - The allowance for credit losses (ACL) increased to $19,889 thousand as of March 31, 2023, from $16,371 thousand as of September 30, 2022, indicating a rise of 21.5%[215]. Income and Expenses - Total interest and dividend income for the quarter was $89.5 million, a decrease of 2.0% from $91.3 million in the prior quarter[96]. - The net interest margin decreased by 24 basis points, from 1.83% for the prior year period to 1.59% for the current year period, primarily due to an increase in the cost of borrowings and deposits[105]. - Total interest expense for the six months ended March 31, 2023, was $93.099 million, an increase of $59.126 million or 174.0% from $33.973 million in the prior year[160]. - The company anticipates continued net interest margin compression due to the current yield curve dynamics and the pace of liability repricing[1]. - The efficiency ratio for the current quarter was 60.86%, compared to 54.27% for the prior quarter, indicating increased costs relative to revenue generation[131]. Dividends and Shareholder Returns - Cash dividends paid totaled $60.53 million for the six months ended March 31, 2023, compared to $52.92 million for the same period in 2022[50]. - The company announced a regular quarterly cash dividend of $0.085 per share, totaling approximately $11.3 million, payable on May 19, 2023[92]. - The company’s total dividends paid year-to-date reached $22,640,000, compared to $110,955,000 in the previous year, indicating a significant decrease in total dividends paid[196]. - The average number of basic and diluted shares outstanding decreased by 4.4% to 133,150 as of March 31, 2023[46]. - There remains $22.5 million authorized under the existing stock repurchase plan for additional purchases of the company's common stock[124]. Strategic Initiatives - Management anticipates an increase in information technology and related expenses in fiscal year 2023 due to the ongoing digital transformation initiative[75]. - Management is implementing a new core processing system expected to enhance product offerings and customer experience by September 2023[75]. - The company plans to implement a new core processing system by September 2023 as part of its digital transformation strategy[165]. - The average balance of cash and cash equivalents related to the leverage strategy was $935.1 million for the quarter ended March 31, 2023, down from $1.79 billion in the previous quarter[5]. - The company experienced an increase in interest expense on borrowings due to a higher average balance and weighted average rate, alongside a reduction in deposits[149].

PART I - FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated financial statements show decreased net income but increased comprehensive income for the quarter [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Total assets grew to $9.93 billion, funded by increased borrowings as deposits and stockholders' equity declined Consolidated Balance Sheet Highlights (as of Dec 31, 2022 vs. Sep 30, 2022) | Account | Dec 31, 2022 ($ thousands) | Sep 30, 2022 ($ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **9,929,760** | **9,624,897** | **3.2%** | | Loans receivable, net | 7,783,358 | 7,464,208 | 4.3% | | AFS securities | 1,528,686 | 1,563,307 | -2.2% | | **Total Liabilities** | **8,874,965** | **8,528,398** | **4.1%** | | Deposits | 6,074,549 | 6,194,866 | -1.9% | | Borrowings | 2,645,195 | 2,132,154 | 24.1% | | **Total Stockholders' Equity** | **1,054,795** | **1,096,499** | **-3.8%** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Quarterly net income decreased to $16.2 million from $22.2 million year-over-year, driven by a provision for credit losses Income Statement Summary (Three Months Ended Dec 31) | Metric | 2022 ($ thousands) | 2021 ($ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | 45,828 | 45,614 | 0.5% | | Provision for Credit Losses | 3,660 | (3,439) | N/A | | Non-Interest Income | 5,352 | 5,506 | -2.8% | | Non-Interest Expense | 27,773 | 26,694 | 4.0% | | **Net Income** | **16,240** | **22,186** | **-26.8%** | | Diluted EPS | $0.12 | $0.16 | -25.0% | [Consolidated Statements of Comprehensive Income](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Comprehensive income rose to $29.3 million, boosted by positive changes in unrealized gains on AFS securities Comprehensive Income (Three Months Ended Dec 31) | Component | 2022 ($ thousands) | 2021 ($ thousands) | | :--- | :--- | :--- | | Net Income | 16,240 | 22,186 | | Other Comprehensive Income (Loss), net of tax | 13,031 | (7,021) | | **Comprehensive Income** | **29,271** | **15,165** | [Consolidated Statements of Stockholders' Equity](index=6&type=section&id=Consolidated%20Statements%20of%20Stockholders'%20Equity) Stockholders' equity decreased to $1.05 billion due to dividends and share repurchases exceeding net income Changes in Stockholders' Equity (Three Months Ended Dec 31, 2022) | Item | Amount ($ thousands) | | :--- | :--- | | Beginning Balance (Sep 30, 2022) | 1,096,499 | | Net Income | 16,240 | | Other Comprehensive Income, net of tax | 13,031 | | Repurchase of common stock | (22,196) | | Cash dividends to stockholders | (49,209) | | **Ending Balance (Dec 31, 2022)** | **1,054,795** | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Net cash from financing activities funded investing activities, resulting in a minimal change in cash and cash equivalents Cash Flow Summary (Three Months Ended Dec 31, 2022) | Activity | Net Cash Flow ($ thousands) | | :--- | :--- | | Net cash provided by operating activities | 14,601 | | Net cash (used in) investing activities | (291,109) | | Net cash provided by financing activities | 277,000 | | **Net increase in cash and cash equivalents** | **492** | [Notes to Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail accounting policies, portfolio compositions, credit quality, and fair value measurements - The company adopted ASU 2022-02, eliminating TDR accounting guidance, with **no material impact expected** on financial condition or operations[51](index=51&type=chunk) - The loan portfolio is segmented into one- to four-family, consumer, and commercial loans for credit quality monitoring using **loan classification and delinquency status**[77](index=77&type=chunk) - The company uses a leverage strategy involving short-term FHLB advances and FRB deposits to **increase earnings**[163](index=163&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=27&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses declining net income, net interest margin compression, and strong asset quality amid a challenging rate environment [Executive Summary](index=28&type=section&id=Executive%20Summary) Net income fell due to credit loss provisions and margin compression as rising rates increased funding costs - The rapid increase in short-term rates led by the FRB has caused **net interest margin compression**, which is anticipated to continue in the near term[83](index=83&type=chunk)[200](index=200&type=chunk) - **Asset quality remained strong**, with loans 30-89 days delinquent at 0.10% and loans 90+ days delinquent at 0.10% of total loans[127](index=127&type=chunk) [Financial Condition](index=29&type=section&id=Financial%20Condition) Asset growth was driven by loans and funded by borrowings, while equity decreased from dividends and buybacks Financial Condition Summary (QoQ) | Account | Dec 31, 2022 ($M) | Sep 30, 2022 ($M) | Change ($M) | | :--- | :--- | :--- | :--- | | Total assets | 9,929.8 | 9,624.9 | 304.9 | | Loans receivable, net | 7,783.4 | 7,464.2 | 319.2 | | Deposits | 6,074.5 | 6,194.9 | (120.4) | | Borrowings | 2,645.2 | 2,132.2 | 513.0 | | Stockholders' equity | 1,054.8 | 1,096.5 | (41.7) | - The company is implementing a new core processing system (digital transformation) expected to be operational by September 2023, which will **increase information technology expenses** in fiscal year 2023[130](index=130&type=chunk) [Operating Results](index=43&type=section&id=Operating%20Results) Net income declined sequentially and year-over-year, impacted by margin compression and credit loss provisions Quarterly Operating Results Comparison | Metric ($ thousands) | Q4 2022 | Q3 2022 | Q4 2021 | | :--- | :--- | :--- | :--- | | Net Interest Income | 45,828 | 49,898 | 45,614 | | Provision for Credit Losses | 3,660 | 1,060 | (3,439) | | Net Income | 16,240 | 19,492 | 22,186 | | Diluted EPS | $0.12 | $0.14 | $0.16 | Interest Expense Comparison (YoY) | Category | Q4 2022 ($ thousands) | Q4 2021 ($ thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Borrowings | 33,608 | 7,585 | 343.1% | | Deposits | 11,904 | 9,267 | 28.5% | | **Total Interest Expense** | **45,512** | **16,852** | **170.1%** | - The provision for credit losses in the current quarter was **$3.7 million**, driven by commercial loan growth and slower prepayment speeds[81](index=81&type=chunk)[240](index=240&type=chunk) [Fiscal Year 2023 Projections](index=52&type=section&id=Fiscal%20Year%202023%20Projections) Management projects continued margin pressure, higher IT expenses from digital transformation, and a lower effective tax rate - Information technology and related expenses are expected to be approximately **$6.5 million higher** in fiscal year 2023 compared to fiscal year 2022, reaching about $24.5 million[251](index=251&type=chunk) - The effective tax rate for fiscal year 2023 is anticipated to be approximately **19%**, revised down from 20-21% due to lower projected pretax income[307](index=307&type=chunk) [Liquidity and Capital Resources](index=53&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity and capital, with a CBLR of 9.2% and a policy of a 100% earnings payout - The Bank's CBLR was **9.2%** and the Company's was **10.0%** as of December 31, 2022, both exceeding the 9.0% minimum requirement to be considered well-capitalized[312](index=312&type=chunk) - The Board intends to continue the policy of a **100% earnings payout** to stockholders for fiscal year 2023, contingent on financial condition and regulatory requirements[209](index=209&type=chunk) - The Bank has access to a line of credit at FHLB and the FRB of Kansas City's discount window for **additional liquidity**[282](index=282&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, with simulations showing negative impacts to NII and MVPE in rising rate scenarios - At December 31, 2022, the one-year gap was **$(1.02) billion**, or (10.3)% of total assets, indicating a liability-sensitive position[289](index=289&type=chunk)[315](index=315&type=chunk) - In rising interest rate scenarios, the MVPE is negatively impacted because the expected average lives of mortgage-related assets increase, **heightening their market value sensitivity** to rate changes[95](index=95&type=chunk)[318](index=318&type=chunk) Estimated Change in Net Interest Income (NII) and Market Value of Portfolio Equity (MVPE) | Rate Change (bps) | Change in NII (%) | Change in MVPE (%) | | :--- | :--- | :--- | | +300 | -2.46% | -42.28% | | +200 | -1.58% | -28.85% | | +100 | -0.71% | -14.59% | | 0 | 0.00% | 0.00% | | -100 | +0.33% | +14.31% | | -200 | +0.08% | +43.31% | [Item 4. Controls and Procedures](index=59&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes to internal controls - The CEO and CFO concluded that as of December 31, 2022, the Company's **disclosure controls and procedures were effective**[320](index=320&type=chunk) - **No material changes** to the Company's internal control over financial reporting occurred during the quarter ended December 31, 2022[97](index=97&type=chunk) PART II - OTHER INFORMATION [Item 1. Legal Proceedings](index=60&type=section&id=Item%201.%20Legal%20Proceedings) Pending legal actions arising from normal business operations are not expected to have a material adverse effect - The Company states that pending legal actions are **not expected to have a material adverse effect** on its financial condition or operations[322](index=322&type=chunk) [Item 1A. Risk Factors](index=60&type=section&id=Item%201A.%20Risk%20Factors) No material changes to risk factors were reported since the last annual filing on Form 10-K - **No changes were reported** to the risk factors from the most recent Form 10-K[98](index=98&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=60&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased 2.7 million shares, with $22.5 million remaining available under the current repurchase plan - As of December 31, 2022, **$22.5 million remained authorized for repurchase** under the existing plan, which has Federal Reserve approval through August 2023[110](index=110&type=chunk)[228](index=228&type=chunk) Stock Repurchase Activity (Q4 2022) | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Oct 2022 | 238,800 | $8.05 | | Nov 2022 | 1,528,463 | $8.13 | | Dec 2022 | 961,896 | $8.16 | | **Total** | **2,729,159** | **$8.13** | [Item 3. Defaults Upon Senior Securities](index=60&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This item is not applicable to the company for the reporting period - This item is **not applicable**[99](index=99&type=chunk)[101](index=101&type=chunk) [Item 4. Mine Safety Disclosures](index=60&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company for the reporting period - This item is **not applicable**[100](index=100&type=chunk)[324](index=324&type=chunk) [Item 5. Other Information](index=60&type=section&id=Item%205.%20Other%20Information) This item is not applicable to the company for the reporting period - This item is **not applicable**[324](index=324&type=chunk) [Item 6. Exhibits](index=60&type=section&id=Item%206.%20Exhibits) This section lists filed exhibits, including governance documents, compensation plans, and financial data in XBRL format - The exhibits include governance documents, compensation plans, and required certifications under the **Sarbanes-Oxley Act**[111](index=111&type=chunk)[325](index=325&type=chunk) - Financial statements and notes are formatted in **Inline eXtensible Business Reporting Language (XBRL)**[328](index=328&type=chunk) Signatures [Signatures](index=63&type=section&id=Signatures) The report was duly signed by the company's CEO and CFO on February 8, 2023 - The report was **signed and authorized on February 8, 2023**, by the company's CEO and CFO[112](index=112&type=chunk)[329](index=329&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2022 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 Capitol Federal Financial, Inc. (Exact name of registrant as specified in its charter) Maryland 27-2631712 (State or ot ...

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, 2022 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 Capitol Federal Financial, Inc. (Exact name of registrant as speci ...

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 March 31, 2022 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 Capitol Federal Financial, Inc. (Exact name of registrant as spec ...

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, 2021 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 Capitol Federal Financial, Inc. (Exact name of registrant as s ...

Financial Performance - Net income for fiscal year 2021 increased by $11.5 million, or 17.9%, compared to the prior year, primarily due to a negative provision for credit losses of $8.5 million in the current year [123]. - The company reported net income of $76.1 million, or $0.56 per share, for fiscal year 2021, compared to $64.5 million, or $0.47 per share, for fiscal year 2020, reflecting an increase in net income [220]. - Net income increased by 17.9% to $76.08 million, up from $64.54 million, due to higher pretax income [236]. - Non-interest income increased by 43.3% to $28.09 million, driven by a $7.39 million gain on the sale of Visa Class B shares and higher deposit service fees [231]. Interest Income and Margin - The net interest margin decreased to 1.90% from 2.12% in the prior year, attributed to lower asset yields in a low interest rate environment [124]. - Net interest income decreased by $14.3 million, or 7.6%, to $175.0 million for the current year, primarily due to a decrease in asset yields [220]. - The total interest and dividend income fell to $258.2 million, down $46.8 million or 15.3% from $305.0 million in the previous year [221]. - Interest income from loans receivable decreased by $40.6 million, or 15.0%, primarily due to a decrease in the weighted average yield [221]. Loan and Deposit Activity - The loan portfolio decreased by $121.7 million, or 1.7%, while the securities portfolio increased by $453.7 million, or 29.1% during the current year [125]. - Deposit growth was $406.0 million, or 6.6%, while borrowings decreased by $206.5 million, or 11.5% [125]. - Total loans receivable amounted to $7,096,073 thousand with a yield of 3.23% [159]. - The total amount of one- to four-family loans was $6.133 billion, with 7,287 loans 30 to 89 days delinquent [177]. Credit Losses and Allowance - The allowance for credit losses (ACL) was $19.8 million at September 30, 2021, down from $26.8 million at October 1, 2020, reflecting improved economic conditions [136]. - The allowance for credit losses (ACL) at the end of the period was $19,823 thousand, a decrease from $31,527 thousand in the previous year, reflecting a reduction of 37.3% [185]. - The provision for credit losses for the current year was $(6,465) thousand, significantly lower than the previous year's provision of $22,300 thousand [185]. - The total ACL to loans receivable ratio at the end of the period was 0.28%, down from 0.44% in the previous year [185]. Securities and Investments - The Company primarily uses Level 2 inputs for fair value measurements of its available-for-sale (AFS) securities [139]. - Total fixed-rate securities increased to $1,887,890 thousand with a yield of 1.11% as of September 30, 2021, compared to $1,325,115 thousand and a yield of 1.49% in the previous year [190]. - The total securities portfolio reached $2,008,456 thousand with a yield of 1.16% as of September 30, 2021, up from $1,529,605 thousand and a yield of 1.62% in the prior year [190]. - Fixed-rate securities comprised 94% of the securities portfolio as of September 30, 2021, with a $453.7 million increase in the balance due to purchases exceeding maturities and repayments [189]. Borrowings and Liabilities - Total liabilities rose by $186.6 million, or 2.3%, primarily due to an increase in deposits [195]. - The Bank's total borrowings at par were $1.59 billion, representing approximately 16% of total assets, all from FHLB advances [242]. - Total borrowings decreased from $1,790 million to $1,590 million, with an effective rate dropping from 2.31% to 1.88% [205]. - New FHLB borrowings amounted to $1,105 million at an effective rate of 1.96% [205]. Dividends and Stockholder Returns - Cash dividends paid totaled $117.9 million, equating to $0.87 per share, including a $0.40 True Blue Capitol cash dividend [206]. - The company plans to continue paying out 100% of its earnings to stockholders, with expected regular quarterly cash dividends of $0.085 per share for fiscal year 2022 [210]. - Regular quarterly cash dividends for 2021 totaled $130.1 million, with a per share amount of $0.96 [213]. - The company has $44.7 million authorized for additional stock repurchases, with no expiration date on the plan [209]. Risk Management and Compliance - The Company is exposed to increased lending and credit risks due to a growing portion of commercial loans in its portfolio [76]. - The Company monitors local and national employment levels and trends, as adverse conditions could impact borrowers' ability to repay loans [75]. - The Company has implemented various safeguards to protect against cybersecurity risks, but there is no assurance that breaches will not occur [86]. - Regulatory changes could adversely impact the Company's operations and increase compliance costs, affecting profitability and market activities [99]. Economic Conditions - The average national unemployment rate during the four-quarter macro-economic forecast was 3.8% at September 30, 2021, compared to 10.8% at October 1, 2020 [136]. - The transition from LIBOR to alternative reference rates like SOFR may incur significant expenses and could reduce interest income [84]. - The Company anticipates that the majority of maturing retail certificates of deposit will renew or transfer to other deposit products at prevailing rates [247].

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, 2021 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 Capitol Federal Financial, Inc. | --- | --- | |------------------- ...

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) 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 March 31, 2021 or ☐ TRANSITION ...