CFFN Q1 net income $2.5M ($0.02 EPS); securities strategy improves NIM to 1.71%

Capitol Federal Financial, Inc.

2024-Q1 EPS reported $0.02

Excluding securities-strategy loss of $13.3M, adjusted EPS would be $0.10 vs. $0.04 prior quarter.
Sold $1.30B securities (avg yield 1.22%); bought $632M (5.75%); paid down $500M BTFP borrowings at 4.70%.
Net interest margin up 50 bps to 1.71%; total assets down to $9.58B from $10.18B.
Quarterly dividend declared $0.085/share, payable Feb 16, 2024 to holders of record Feb 2, 2024.
Loans receivable decreased $23.4M (1.2% annualized); commercial loan growth offset one-to-four-family decline.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Capitol Federal Financial, Inc. reported quarter ended December 31, 2023 results: net income $2.5 million, EPS $0.02 per share.

Period: quarter ended December 31, 2023
Net income: $2.5 million
EPS: $0.02 per share
Result: reported results

Exact text from the filing

For the quarter ended December 31, 2023, the Company recognized net income of $2.5 million, or $0.02 per share

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Source: SEC EDGAR

accession 0001490906-24-000004

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