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Jun 30, 2020
Capitol Federal Q3 2020 Earnings Report
Capitol Federal Financial's financial results for the quarter ended June 30, 2020, were reported.
Key Takeaways
Capitol Federal Financial, Inc. reported a net income of $19.5 million, or $0.14 per share, for the quarter ended June 30, 2020. The increase was primarily due to recording a $22.1 million provision for credit losses during the prior quarter, and no provision for credit losses in the current quarter.
Net income was $19.5 million.
Basic and diluted earnings per share were $0.14.
Net interest margin was 2.07%.
Annualized deposit growth was 20.4%.
Capitol Federal
Capitol Federal
Forward Guidance
Management anticipates the effective income tax rate for the fourth quarter of fiscal year 2020 will be approximately 21%, resulting in an effective tax rate of approximately 20% for fiscal year 2020.