Capitol Federal Financial, Inc. (CFFN) 10-K Annual Report Wed Nov 29 2017

Topeka, KS - Capitol Federal Financial, Inc. (NASDAQ: CFFN) (the "Company") announced results today for the fiscal year ended September 30, 2017. Detailed results will be available in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2017, which will be filed with the Securities and Exchange Commission ("SEC") on or about November 29, 2017 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 fourth quarter include:


•	net income of $20.6 million;


•	basic and diluted earnings per share of $0.15;


•	net interest margin of 1.84% (2.21% excluding the effects of the leverage strategy); and


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

Highlights for the fiscal year include:


•	net income of $84.1 million;


•	basic and diluted earnings per share of $0.63;


•	net interest margin of 1.79% (2.15% excluding the effects of the leverage strategy);


•	dividends paid of $118.0 million, or $0.88 per share; and


•	declared a fiscal year 2017 cash true-up dividend of $0.29 per share, payable on December 1, 2017.

Comparison of Operating Results for the Years Ended September 30, 2017 and 2016

For fiscal year 2017, the Company recognized net income of $84.1 million, or $0.63 per share, compared to net income of $83.5 million, or $0.63 per share, for fiscal year 2016. The increase in net income was due primarily to a $3.2 million increase in net interest income, partially offset by a $1.1 million decrease in non-interest income. Additionally, no provision for credit losses was recorded in fiscal year 2017, compared to a negative provision for credit losses of $750 thousand in fiscal year 2016.

The net interest margin increased four basis points, from 1.75% for the prior fiscal year to 1.79% for the current fiscal year. Excluding the effects of the leverage strategy, the net interest margin would have increased five basis points, from 2.10% for the prior fiscal year to 2.15% for the current fiscal year. The increase in the net interest margin was due mainly to a shift in the mix of interest-earning assets from relatively lower yielding securities to higher yielding loans, partially offset by a decrease in the weighted average yield on loans. The positive impact of the decrease in interest expense on borrowings not related to the leverage strategy was offset by an increase in interest expense on deposits.

The following information was filed by Capitol Federal Financial, Inc. (CFFN) on Friday, October 27, 2017 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 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: 0001490906-17-000061
Submitted to the SEC: Wed Nov 29 2017 9:40:26 AM EST
Accepted by the SEC: Wed Nov 29 2017
Period: Saturday, September 30, 2017
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 Saturday, September 30, 2017

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