CFFN Q2 FY2024 net income $13.8M, EPS $0.11, NIM expands to 1.82%

Capitol Federal Financial, Inc.

2024-Q2 EPS reported $0.12

Net income of $13.8M ($0.11/sh) vs $2.5M ($0.02/sh) prior quarter, which included $13.3M securities strategy loss.
Net interest margin improved 11 bps to 1.82% due to full quarter of higher-yielding securities purchased in strategy.
Declared Q3 dividend $0.085/sh, payable May 17, 2024 to holders of record May 3, 2024.
Holding company had $46.3M cash at Bank; evaluating tax implications of earnings distributions from Bank due to pre-1988 bad debt reserves.
Efficiency ratio improved to 61.89% from 92.86% prior quarter (64.73% excluding securities loss).

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 second quarter of fiscal year 2024 results: net income net income of $13.8 million, EPS basic and diluted earnings per share of $0.11.

Period: second quarter of fiscal year 2024
Net income: net income of $13.8 million
EPS: basic and diluted earnings per share of $0.11
Result: reported results

Exact text from the filing

For the quarter ended March 31, 2024, the Company recognized net income of $13.8 million, or $0.11 per share, compared to a net income of $2.5 million, or $0.02 per share, for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001490906-24-000019

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