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Sep 30, 2022
Capitol Federal Q4 2022 Earnings Report
Reported fiscal year 2022 results, featuring a net income of $19.5 million and EPS of $0.14 for the quarter.
Key Takeaways
Capitol Federal Financial, Inc. reported a net income of $19.5 million, or $0.14 per share, for the quarter ended September 30, 2022. The decrease in net income compared to the prior quarter was primarily due to higher non-interest expense. The company's net interest margin was 1.71% for the quarter.
Net income of $19.5 million.
Basic and diluted earnings per share of $0.14.
Net interest margin of 1.71% (2.07% excluding the effects of the leverage strategy).
Annualized loan growth of 12.6%.
Capitol Federal
Capitol Federal
Forward Guidance
Management anticipates the effective tax rate for fiscal year 2023 will be approximately 20% to 21%. Management intends to implement a new core processing system for the Bank by September 2023. Overall, it is anticipated information technology and related expenses will be approximately $7 million higher in fiscal year 2023, or approximately $25 million for the year.