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Capitol Federal Financial, Inc. (CFFN) SEC Filing 10-K Annual Report for the fiscal year ending Thursday, September 30, 2021

Capitol Federal Financial, Inc.

CIK: 1490906 Ticker: CFFN


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NEWS RELEASE
FOR IMMEDIATE RELEASE
October 28, 2021
CAPITOL FEDERAL FINANCIAL, INC.®
REPORTS FISCAL YEAR 2021 RESULTS

Topeka, KS - Capitol Federal Financial, Inc.® (NASDAQ: CFFN) (the "Company"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced results today for the fiscal year ended September 30, 2021. The Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2021 will be filed with the Securities and Exchange Commission ("SEC") on or about November 24, 2021 and posted on our website, http://ir.capfed.com. For best viewing results, please view this release in Portable Document Format (PDF) on our website.

Highlights for the quarter include:
net income of $18.6 million;
basic and diluted earnings per share of $0.14;
net interest margin of 1.97%;
paid dividends of $11.5 million, or $0.085 per share; and
on October 19, 2021, announced a cash dividend of $0.085 per share, payable on November 19, 2021 to stockholders of record as of the close of business on November 5, 2021.

Highlights for the fiscal year include:
net income of $76.1 million;
basic and diluted earnings per share of $0.56;
net interest margin of 1.90%;
deposit growth of 6.6%;
paid dividends of $117.9 million, or $0.87 per share; and
on October 28, 2021, announced a fiscal year 2021 cash true-up dividend of $0.22 per share, payable on December 3, 2021 to stockholders of record as of the close of business on November 19, 2021.

Comparison of Operating Results for the Three Months Ended September 30, 2021 and June 30, 2021

For the quarter ended September 30, 2021, the Company recognized net income of $18.6 million, or $0.14 per share, compared to net income of $18.2 million, or $0.13 per share, for the quarter ended June 30, 2021. The net interest margin increased 13 basis points, from 1.84% for the prior quarter to 1.97% for the current quarter, due mainly to a higher loan portfolio average yield.

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The following information was filed by Capitol Federal Financial, Inc. (CFFN) on Thursday, October 28, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Capitol Federal Financial, Inc.'s management team is paid from their Annual Proxy

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Capitol Federal Financial, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

  • Voting Procedures
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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Capitol Federal Financial, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Details)
Accumulated Other Comprehensive Income (Tables)
Commitments And Contingencies
Commitments And Contingencies (Commitments Outstanding To Originate, Purchase, Or Participate In Loans) (Details)
Commitments And Contingencies (Narrative) (Details)
Commitments And Contingencies (Tables)
Deposits And Borrowed Funds
Deposits And Borrowed Funds (Fhlb Advances) (Details)
Deposits And Borrowed Funds (Maturity Of Borrowed Funds And Certificates Of Deposit) (Details)
Deposits And Borrowed Funds (Narrative) (Details)
Deposits And Borrowed Funds (Tables)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Employee Stock Ownership Plan
Employee Stock Ownership Plan (Narrative) (Details)
Employee Stock Ownership Plan (Summary Of Shares Held In The Esop Trust) (Details)
Employee Stock Ownership Plan (Tables)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Narrative) (Details)
Fair Value Of Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values Of Financial Instruments) (Details)
Fair Value Of Financial Instruments (Schedule Of Fair Value Assets Measured On A Recurring Basis) (Details)
Fair Value Of Financial Instruments (Tables)
Income Taxes
Income Taxes (Components Of Net Deferred Income Tax (Liabilities) Assets) (Details)
Income Taxes (Differences Between Effective Rates And Statutory Federal Income Tax Rate Computed On Income Before Income Tax Expense) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Schedule Of Income Tax Expense) (Details)
Income Taxes (Tables)
Intangible Assets
Intangible Assets (Narrative) (Details)
Intangible Assets (Schedule Of Goodwill And Intangible Assets) (Details)
Intangible Assets (Tables)
Intangible Assets Intangible Assets (Schedule Of Core Deposit And Other Intangible Assets, Future Amortization Expense) (Details)
Loans Receivable And Allowance For Credit Losses
Loans Receivable And Allowance For Credit Losses (Allowance For Credit Losses) (Details)
Loans Receivable And Allowance For Credit Losses (Classified Loans) (Details)
Loans Receivable And Allowance For Credit Losses (Delinquent Loans) (Details)
Loans Receivable And Allowance For Credit Losses (Impaired Loans By Class, Duration Related Disclosures) (Details)
Loans Receivable And Allowance For Credit Losses (Impaired Loans By Class, Instant Related Disclosures) (Details)
Loans Receivable And Allowance For Credit Losses (Loans, Nonaccrual) (Details)
Loans Receivable And Allowance For Credit Losses (Loans, Past Due Aging Analysis) (Details)
Loans Receivable And Allowance For Credit Losses (Narrative) (Details)
Loans Receivable And Allowance For Credit Losses (Reserve For Off-Balance Sheet Credit Exposures) (Details)
Loans Receivable And Allowance For Credit Losses (Summary Of Loan Portfolio Segment Disaggregated By The Company's Impairment Method) (Details)
Loans Receivable And Allowance For Credit Losses (Summary Of Loans Receivable) (Details)
Loans Receivable And Allowance For Credit Losses (Tables)
Loans Receivable And Allowance For Credit Losses (Troubled Debt Restructurings On Financing Receivables That Subsequently Defaulted) (Details)
Loans Receivable And Allowance For Credit Losses (Troubled Debt Restructurings On Financing Receivables) (Details)
Low Income Housing Partnerships
Low Income Housing Partnerships (Narrative) (Details)
Parent Company Financial Information (Parent Company Only)
Parent Company Financial Information (Parent Company Only) (Schedule Of Balance Sheets) (Details)
Parent Company Financial Information (Parent Company Only) (Schedule Of Statements Of Cash Flows) (Details)
Parent Company Financial Information (Parent Company Only) (Schedule Of Statements Of Income) (Details)
Parent Company Financial Information (Parent Company Only) (Tables)
Premises, Equipment And Leases
Premises, Equipment And Leases (Narrative) (Details)
Premises, Equipment And Leases (Schedule Of Future Minimum Payments For Operating Leases) (Details)
Premises, Equipment And Leases (Schedule Of Lease Expenses And Cash Flow Information) (Details)
Premises, Equipment And Leases (Summary Of The Carrying Value Of Banking Premises And Equipment) (Details)
Premises, Equipment And Leases (Tables)
Regulatory Capital Requirements
Regulatory Capital Requirements (Summary Of Capital And Total Risk-Based Capital Ratios) (Details)
Regulatory Capital Requirements (Tables)
Regulatory Capital Requirements Regulatory Capital Requirements (Narrative) (Details)
Revenue Recognition
Revenue Recognition (Narrative) (Details)
Securities
Securities (Amortized Cost, Estimated Fair Value, And Gross Unrealized Gains And Losses Of Afs And Htm Securities) (Details)
Securities (Narrative) (Details)
Securities (Schedule Of Carrying Value Of Securities Pledged As Collateral) (Details)
Securities (Schedule Of Contractual Maturities) (Details)
Securities (Schedule Of Estimated Fair Value And Gross Unrealized Losses Of Securities In Continuous Unrealized Loss Position) (Details)
Securities (Schedule Of Taxable And Non-Taxable Components Of Interest Income) (Details)
Securities (Tables)
Stock-Based Compensation
Stock-Based Compensation (Narrative) (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Cumulative-Effect Adjustment) (Details)
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Ticker: CFFN
CIK: 1490906
Form Type: 10-K Annual Report
Accession Number: 0001490906-21-000065
Submitted to the SEC: Wed Nov 24 2021 3:10:12 PM EST
Accepted by the SEC: Wed Nov 24 2021
Period: Thursday, September 30, 2021
Industry: Savings Institution Federally Chartered

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