Welcome to our dedicated page for Capitol Federal Financial news (Ticker: CFFN), a resource for investors and traders seeking the latest updates and insights on Capitol Federal Financial stock.
Capitol Federal Financial, Inc. (symbol: CFFN) is a steadfast financial institution headquartered in Topeka, Kansas. With a history spanning over 115 years, Capitol Federal has committed itself to supporting the American dream of homeownership and maintaining a corporate philosophy focused on safety in savings, sound lending policies, and exceptional customer service. As the premier residential lender in Kansas, Capitol Federal boasts an impressive portfolio of over $8 billion in assets.
Operating through its wholly-owned subsidiary, Capitol Federal Savings Bank, the company provides a wide range of financial services. These include single-family residential lending, construction loans, and various consumer loans. Customers can also take advantage of an array of retail deposit accounts such as checking, savings, money market, IRA, and certificates of deposit.
Capitol Federal's extensive branch network comprises 35 traditional branches and 10 in-store locations, serving communities throughout Kansas and Missouri. The bank primarily operates in metropolitan areas, providing traditional banking services like deposit-taking and investing in first-lien residential mortgages. Capitol Federal also engages in commercial real estate loans and invests in various securities, although the majority of its loan portfolio consists of originated one- to four-family real estate loans.
The primary source of Capitol Federal's income is net interest income. The company prides itself on its commitment to quality customer service, ensuring every interaction upholds the high standards set by its long-standing tradition. As an Equal Housing Lender and a member of the FDIC, Capitol Federal Financial, Inc. continues to be a reliable and trusted choice for its customers.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) reported its financial results for the quarter ending March 31, 2023, revealing a net income of $14.2 million or $0.11 per share, compared to $16.2 million or $0.12 per share in the previous quarter. The decline in net income is attributed to a decrease in net interest income, with a net interest margin of 1.56% for the quarter. The bank achieved an annualized loan growth of 9.0% and declared a cash dividend of $0.085 per share, payable on May 19, 2023. Despite these gains, challenges persist, including rising deposit and borrowing costs impacting net interest margins. Liquidity remains stable with access to substantial credit facilities.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) has declared a quarterly cash dividend of $0.085 per share on its common stock. The dividend is set to be paid on May 19, 2023, to stockholders of record as of the close of business on May 5, 2023. The company will announce its financial results for the quarter ending March 31, 2023 on April 26, 2023, before market opening. Capitol Federal Savings Bank, the primary institution under the company, operates 50 branches across Kansas and Missouri, making it a significant player in residential lending in Kansas.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) reported a net income of $16.2 million for the quarter ending December 31, 2022, translating to $0.12 per share. This marks a decrease from $19.5 million, or $0.14 per share, in the previous quarter due to a decline in net interest income. The net interest margin fell to 1.61% from 1.71%. Despite a 17.1% annualized loan growth, the company anticipates continued margin pressures amid rising costs of borrowings and deposits. Additionally, a provision for credit losses increased to $3.7 million, impacting overall profitability.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) has declared a quarterly cash dividend of $0.085 per share on outstanding common stock. The dividend is scheduled for payment on February 17, 2023 to stockholders on record as of February 3, 2023. Additionally, the company will release its financial results for the quarter ended December 31, 2022 on January 25, 2023, before market opening. Capitol Federal Savings Bank operates 54 branches in Kansas and Missouri.
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