Welcome to our dedicated page for Capitol Federal news (Ticker: CFFN), a resource for investors and traders seeking the latest updates and insights on Capitol Federal stock.
Overview of Capitol Federal Financial, Inc.
Capitol Federal Financial, Inc. (CapFed), headquartered in Topeka, Kansas, is a prominent regional bank holding company that operates through its wholly-owned subsidiary, Capitol Federal Savings Bank. Established in 1893, the company has over a century of experience in providing reliable and community-focused financial services. With a steadfast commitment to promoting the American dream of homeownership, CapFed has positioned itself as a leading residential lender in Kansas and Missouri.
Business Model and Revenue Streams
CapFed’s core business revolves around traditional banking services, including deposit-taking activities and lending. The bank primarily invests its deposit base into first-lien residential mortgages, which constitute the majority of its loan portfolio. In addition to residential lending, the bank engages in construction loans, consumer loans, and selective participation in commercial real estate lending. CapFed also invests in securities to diversify its income streams. The bank’s primary source of revenue is net interest income, derived from the difference between interest earned on loans and securities and interest paid on deposits.
Retail Banking Services
Capitol Federal offers a comprehensive suite of retail banking products to meet the diverse needs of its customers. These include checking accounts, savings accounts, money market accounts, Individual Retirement Accounts (IRAs), and certificates of deposit. Its conservative and customer-centric approach ensures safety in savings and sound lending practices, which have become hallmarks of its operations.
Geographic Footprint and Accessibility
With a robust network of 35 traditional branches and 10 in-store locations, CapFed serves metropolitan and suburban areas across Kansas and Missouri. Its physical presence is complemented by digital banking solutions, ensuring accessibility for a wide range of customers. The bank’s regional focus allows it to maintain deep community ties and offer personalized financial solutions tailored to local needs.
Commitment to Community and Stability
Capitol Federal has built a reputation for trust and stability over its 115+ years of operation. It is dedicated to fostering financial security through conservative lending policies and quality customer service. As an Equal Housing Lender and a Member of the FDIC, CapFed underscores its commitment to regulatory compliance and ethical banking practices.
Competitive Landscape
Operating within the competitive regional banking sector, CapFed differentiates itself through its focus on residential lending, community engagement, and a strong deposit base. While it faces competition from larger national banks and other regional players, its niche expertise in one- to four-family real estate loans and its conservative financial philosophy provide a competitive edge. The bank’s long-standing history and reputation for stability further strengthen its position in the market.
Conclusion
Capitol Federal Financial, Inc. exemplifies the principles of community banking, with a clear focus on safety, stability, and customer service. Its dedication to supporting homeownership and providing comprehensive financial services makes it a key player in its regional market. For investors and customers alike, CapFed represents a reliable and well-managed financial institution with a strong legacy of trust.
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.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) announced that a slide presentation for its annual meeting of stockholders will be available on its website at 10:00 a.m. central time on January 24, 2023. The Company, through its subsidiary Capitol Federal Savings Bank, operates 54 branches in Kansas and Missouri, ranking as one of the largest residential lenders in Kansas. The release contains forward-looking statements about operational risks including impacts from COVID-19, regulatory changes, interest rate fluctuations, and competition, which could influence future earnings and dividend policies.
Capitol Federal Financial, Inc. (CFFN) has authorized $44.7 million for stock repurchases under an existing plan. As of September 30, 2022, the company holds $104.0 million in cash at Capitol Federal Savings Bank. The repurchase will commence soon, depending on market prices. The bank operates 54 branches across Kansas and Missouri and is a leading residential lender in Kansas.
Capitol Federal Financial (CFFN) reported a fiscal year net income of $84.5 million for the year ending September 30, 2022, translating to $0.62 earnings per share. The net interest margin was 1.79%, with loan growth at 5.4% and dividends totaling $0.76 per share. In Q4, net income was $19.5 million ($0.14 per share), down from $21.2 million in Q3, attributed to increased non-interest expenses. Total assets grew by 6.3% to $9.62 billion, while stockholders' equity decreased by 12.5% to $1.10 billion.
Capitol Federal Financial, Inc. (CFFN) declared a cash true-up dividend of $0.28 per share for fiscal year 2022, totaling $0.62 in dividends for the year. This reflects the company's commitment to distribute 100% of its $84.5 million earnings. The dividend will be payable on December 2, 2022, to stockholders of record as of November 18, 2022. For fiscal year 2023, the company plans to maintain a similar payout strategy, distributing regular dividends of $0.085 per share and a true-up dividend.
Capitol Federal Financial, Inc. (CFFN) has declared a quarterly cash dividend of $0.085 per share on outstanding common stock. This dividend will be payable on November 18, 2022, to stockholders of record as of November 4, 2022. CFFN will also announce its financial results for the quarter and year ending September 30, 2022, on October 26, 2022, before market opens. The Bank operates 54 branches in Kansas and Missouri and is among the largest residential lenders in Kansas.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) has announced its annual meeting of stockholders will take place on January 24, 2023, with a voting record date set for December 2, 2022. The company, which serves as the holding entity for Capitol Federal Savings Bank, operates 54 branches across Kansas and Missouri, positioning itself as one of the largest residential lenders in Kansas. Shareholders can find further information on the company's website.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) reported Q2 2022 net income of $21.2 million ($0.16 per share), slightly down from $21.6 million in Q1 2022. The bank's net interest margin improved to 1.79% from 1.69%, aided by a 7.2% annualized loan growth. The company paid $38.7 million in dividends, including a $0.20 special dividend. Notable increases were seen in non-interest income (up 12.9%) and borrowings (up 72.3%). However, a provision for credit losses of $937,000 was noted, reflecting economic uncertainties.
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