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Dec 31, 2023
Capitol Federal Q1 2024 Earnings Report
Capitol Federal Financial's first quarter fiscal year 2024 results were reported, including a strategic securities transaction to improve earnings and a net interest margin improvement.
Key Takeaways
Capitol Federal Financial, Inc. reported a net income of $2.5 million, or $0.02 per share, for the quarter ended December 31, 2023. Excluding losses from a securities strategy, earnings per share would have been $0.10. The company completed a securities strategy to improve earnings, resulting in a net interest margin of 1.71%, an improvement of 50 basis points from the prior quarter. A dividend of $0.085 per share was paid, and another was announced for the next quarter.
Completed a strategic securities transaction to improve earnings.
Net interest margin improved to 1.71%, up 50 basis points from the prior quarter.
Reported earnings per share of $0.02, with an adjusted EPS of $0.10 excluding securities strategy losses.
Paid dividends of $0.085 per share.
Capitol Federal
Capitol Federal
Capitol Federal Revenue by Segment
Revenue by Segment
Loans receivable Revenue
CapyFin.comFHLB stock Revenue
CapyFin.comCash and cash equivalents Revenue
CapyFin.comInvestment securities Revenue
CapyFin.com Forward Guidance
The federal insurance premium is anticipated to be approximately $1.5 million higher in fiscal year 2024 compared to fiscal year 2023 due to the increase in the FDIC assessment rate. Management anticipates the effective tax rate for fiscal year 2024 will be approximately 18%.