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Mar 31, 2022
Capitol Federal Q2 2022 Earnings Report
Capitol Federal Financial, Inc. reported second quarter fiscal year 2022 results, with net income decreasing slightly due to higher non-interest expense and income tax expense, offset by increased net interest income.
Key Takeaways
Capitol Federal Financial, Inc. reported a net income of $21.6 million, or $0.16 per share, for the quarter ended March 31, 2022. The decrease in net income was primarily due to higher non-interest expense and income tax expense, partially offset by an increase in net interest income. The net interest margin decreased to 1.69%, but would have increased to 2.01% excluding the effects of the leverage strategy.
Net income was $21.6 million.
Basic and diluted earnings per share were $0.16.
Net interest margin was 1.69% (2.01% excluding the effects of the leverage strategy).
Dividends of $11.5 million, or $0.085 per share, were paid.
Forward Guidance
Management intends to implement a new core processing system for the Bank by September 2023. For fiscal year 2022, it is the intention of the Board of Directors to continue the payout of 100% of the Company's earnings to the Company's stockholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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