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Dec 31, 2021
Capitol Federal Q1 2022 Earnings Report
Capitol Federal Financial's first quarter of fiscal year 2022 earnings were reported, showing an increase in net income due to a higher negative provision for credit losses and lower non-interest expense.
Key Takeaways
Capitol Federal Financial, Inc. reported a net income of $22.2 million, or $0.16 per share, for the quarter ended December 31, 2021. The increase in net income was primarily due to a higher negative provision for credit losses compared to the prior quarter and lower non-interest expense. The net interest margin increased to 1.99%.
Net income was $22.2 million.
Basic and diluted earnings per share were $0.16.
Net interest margin was 1.99%.
Dividends of $41.4 million, or $0.305 per share, were paid.
Capitol Federal
Capitol Federal
Forward Guidance
Management anticipates the effective income tax rate for fiscal year 2022 will be approximately 21%.