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Capitol Federal Financial Inc (CFFN) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 30, 2017

Capitol Federal Financial, Inc.

CIK: 1490906 Ticker: CFFN



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NEWS RELEASE
FOR IMMEDIATE RELEASE
October 27, 2017
CAPITOL FEDERAL® FINANCIAL, INC.
REPORTS FISCAL YEAR 2017 RESULTS

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.


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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

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)
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 (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 (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, 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 (ltv And Credit Score Information For Originated, Correspondent Purchased, And Bulk 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 In Loans, Nonaccrual) (details)
Loans Receivable And Allowance For Credit Losses (recorded Investment In 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)
Low Income Housing Partnerships
Low Income Housing Partnerships (narrative) (details)
Other Comprehensive Income
Other Comprehensive Income (details)
Other Comprehensive Income (tables)
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 And Equipment
Premises And Equipment (narrative) (details)
Premises And Equipment (schedule Of Future Minimum Rental Commitments) (details)
Premises And Equipment (summary Of The Carrying Value Of Banking Premises And Equipment) (details)
Premises And Equipment (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)
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)
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited) (summary Of Quarterly Data) (details)
Selected Quarterly Financial Data (unaudited) (tables)
Stock-based Compensation
Stock-based Compensation (narrative) (details)
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: 0001490906-17-000061
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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