Capitol Federal Financial, Inc. (CFFN) 10-K Annual Report November 2015

Topeka, KS - Capitol Federal® Financial, Inc. (NASDAQ: CFFN) (the "Company") announced results today for the fiscal year ended September 30, 2015. Detailed results will be available in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2015, which will be filed with the Securities and Exchange Commission ("SEC") on or about November 25, 2015 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 $18.8 million, including $669 thousand from the daily leverage strategy;


•	basic and diluted earnings per share of $0.14;


•	net interest margin of 1.75% (2.10% excluding the effects of the daily leverage strategy);


•	paid dividends of $11.4 million, or $0.085 per share; and


•	announced a $70.0 million stock repurchase plan.

Highlights for the fiscal year include:


•	net income of $78.1 million, including $2.8 million from the daily leverage strategy;


•	basic and diluted earnings per share of $0.58;


•	net interest margin of 1.73% (2.07% excluding the effects of the daily leverage strategy);


•	loan portfolio growth of 6%; and


•	declared a fiscal year 2015 cash true-up dividend of $0.25 per share payable on December 4, 2015.

Comparison of Operating Results for the Years Ended September 30, 2015 and 2014

For fiscal year 2015, the Company recognized net income of $78.1 million, or $0.58 per share, compared to net income of $77.7 million, or $0.56 per share, for fiscal year 2014. The increase in earnings per share was due mainly to the repurchase of shares pursuant to the Company's recently completed $175.0 million stock repurchase plan. The $399 thousand, or 0.5%, increase in net income was due primarily to the daily leverage strategy. Net income attributable to the daily leverage strategy was $2.8 million during the current fiscal year, compared to $501 thousand for the prior fiscal year.

Net interest income increased $5.6 million, or 3.1%, from the prior fiscal year to $189.8 million for the current fiscal year due primarily to the daily leverage strategy. The net interest margin decreased 27 basis points, from 2.00% for the prior fiscal year, to 1.73% for the current fiscal year as a result of the daily leverage strategy. Excluding the effects of the daily leverage strategy, the net interest margin would have been 2.07% for the current fiscal year and the prior fiscal year. The positive impact on the net interest margin resulting from the shift in the mix of interest-earning assets from relatively lower yielding securities to higher yielding loans was offset by a decrease in market interest rates.

The following information was filed by Capitol Federal Financial, Inc. (CFFN) on Thursday, October 29, 2015 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

Material Contracts, Statements, Certifications & more

Capitol Federal Financial, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 10.6: Cffn Exhibit 10.6 Named Executive Officers Salary And Bonus

Exhibit 21: Cffn Exhibit 21 Subsidiaries Of The Registrant

Exhibit 23: Cffn Exhibit 23 Consent Of Auditors

Exhibit 31.1: Cffn Exhibit 31.1 Certification

Exhibit 31.2: Cffn Exhibit 31.2 Certification

Exhibit 32: Cffn Exhibit 32 Certification Section 1350

Ticker: CFFN
CIK: 1490906
Form Type: 10-K Annual Report
Accession Number: 0001490906-15-000058
Submitted to the SEC: Wed Nov 25 2015 10:25:08 AM EST
Accepted by the SEC: Wed Nov 25 2015
Period: Wednesday, September 30, 2015
Industry: Savings Institution Federally Chartered

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Capitol Federal Financial Inc (CFFN) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, September 30, 2015

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