Capitol Federal amends Short-Term Performance Plan, replaces efficiency ratio with operating expense ratio target

Capitol Federal Financial, Inc.

Change effective for fiscal year 2026 (beginning Oct 1, 2025); applies to all officers including named executive officers.
Efficiency ratio removed; operating expense ratio added as an institutional performance criterion.
Operating expense ratio defined as consolidated expenditures divided by net income, isolating expense control from interest rate impact.
IPCs now equally weight Return on Average Equity, Basic EPS, and Operating Expense Ratio.
Maximum award percentages unchanged, ranging from 25% to 60% of compensation depending on officer level.

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