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Capitol Federal Financial Inc (CFFN) SEC Filing 10-K Annual report for the fiscal year ending Sunday, September 30, 2012

Capitol Federal Financial, Inc.

CIK: 1490906 Ticker: CFFN

 

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NEWS RELEASE

FOR IMMEDIATE RELEASE

October 31, 2012

CAPITOL FEDERAL FINANCIAL, INC. 
REPORTS FISCAL YEAR 2012 RESULTS

 

Topeka, KS - Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the “Company”) announced results today for the year ended September 30, 2012.  Detailed results will be available in the Company’s Annual Report on Form 10-K for the year ended September 30, 2012, which will be filed with the Securities and Exchange Commission (“SEC”) on or about November 29, 2012 and posted on our website, http://ir.capfed.com. 

 

Highlights for fiscal year 2012 include:

·

net income of $74.5 million, 

·

basic and diluted earnings per average share outstanding of $0.47 during the current fiscal year,

·

net interest margin of 2.01%,

·

repurchased 12,642,502 shares of common stock at an average price of $11.78 per share,

·

declared a special year-end dividend of $0.18 per share based on shares outstanding as of October 30, 2012.

 

Comparison of Operating Results for the Fiscal Years Ended September 30, 2012 and 2011

 

Net income for fiscal year 2012 was $74.5 million, compared to $38.4 million for fiscal year 2011.  The $36.1 million, or 94.0%, increase for the current year was due primarily to the prior year including a $40.0 million ($26.0 million, net of income tax benefit) contribution to the Capitol Federal Foundation (the “Foundation”) in connection with the second step conversion and stock offering completed in December 2010 (the “corporate reorganization”).    Additionally, net interest income increased $16.2 million, or 9.6%, from $168.7 million for the prior year to $184.9 million for the current year.  The increase in net interest income was due primarily to a decrease in interest expense of $34.9 million, or 19.6%, partially offset by a decrease in interest income of $18.8 million, or 5.4%. 

 

The net interest margin increased 17 basis points to 2.01% for the current year, up from 1.84% for the prior year.  The increase was largely due to a decrease in the cost of the certificate of deposit portfolio, along with a decrease in costs on Federal Home Loan Bank (“FHLB”) advances and other borrowings, partially offset by a decrease in interest income on loans receivable.

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The following information was filed by Capitol Federal Financial, Inc. (CFFN) on Wednesday, October 31, 2012 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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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 Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (parenthetical)
Borrowed Funds
Borrowed Funds (fhlb Advances) (details)
Borrowed Funds (maturity Of Borrowed Funds) (details)
Borrowed Funds (narrative) (details)
Borrowed Funds (tables)
Commitments And Contingencies
Commitments And Contingencies (commitments Outstanding To Originate, Refinance, Purchase And Participate In Loans) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (tables)
Deposits
Deposits (narrative) (details)
Deposits (summary Of Certificate Of Deposit Maturity) (details)
Deposits (summary Of Deposits) (details)
Deposits (summary Of Interest Expense On Deposits) (details)
Deposits (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans (narrative) (details)
Employee Benefit Plans (summary Of Shares Held In The Esop Trust) (details)
Employee Benefit Plans (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 Nonrecurring Basis) (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) (details)
Income Taxes (deferred Income Tax Expense Results From Temporary Differences In Recognition Of Revenue And Expenses For Tax) (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 (reconciliation Of Beginning And Ending Amounts Of Unrecognized Tax Benefits) (details)
Income Taxes (schedule Of Income Tax Expense) (details)
Income Taxes (tables)
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 (impaired Loans By Class) (details)
Loans Receivable And Allowance For Credit Losses (ltv And Credit Score Information For Originated And Purchased One-to Four-family Loans And Originated Consumer Home Equity Loans) (details)
Loans Receivable And Allowance For Credit Losses (narrative) (details)
Loans Receivable And Allowance For Credit Losses (recorded Investment In Classified Loans) (details)
Loans Receivable And Allowance For Credit Losses (recorded Investment Of Loans, Past Due) (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)
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)
Performance Based Compensation
Performance Based Compensation (details)
Premises And Equipment, Net
Premises And Equipment, Net (narrative) (details)
Premises And Equipment, Net (schedule Of Future Minimum Rental Commitments) (details)
Premises And Equipment, Net (summary Of The Carrying Value Of Banking Premises And Equipment) (details)
Premises And Equipment, Net (tables)
Regulatory Capital Requirements
Regulatory Capital Requirements (reconciliation Of The Bank's Equity Under Gaap To Regulatory Capital Amounts) (details)
Regulatory Capital Requirements (summary Of Capital And Total Risk-based Capital Ratios) (details)
Regulatory Capital Requirements (tables)
Securities
Securities (amortized Cost, Estimated Fair Value, And Gross Unrealized Gains And Losses Of Afs And Htm Securities) (details)
Securities (carrying Value Of Mortgage Backed Securities In Portfolio) (details)
Securities (narrative) (details)
Securities (schedule Of Amortized Cost And Estimated Fair 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)
Selected Quarterly Financial Data
Selected Quarterly Financial Data (summary Of Quarterly Data) (details)
Selected Quarterly Financial Data (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
Stock-based Compensation (schedule Of Stock-based Compensation Weighted Average Assumptions Used To Value Stock Option Grants) (details)
Stock-based Compensation (summary Of Option Activity) (details)
Stock-based Compensation (summary Of Restricted Stock Activity) (details)
Stock-based Compensation (summary Of Stock Options Outstanding And Exercisable) (details)
Stock-based Compensation (tables)
Subsequent Events
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (narrative) (details)
Summary Of Significant Accounting Policies (policies)
Ticker: CFFN
CIK: 1490906
Form Type: 10-K Annual Report
Accession Number: 0001490906-12-000068
Submitted to the SEC: Thu Nov 29 2012 4:33:52 PM EST
Accepted by the SEC: Thu Nov 29 2012
Period: Sunday, September 30, 2012
Industry: Savings Institution Federally Chartered

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