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) announced that its annual stockholders' meeting will take place on January 25, 2022. The record date for voting is set for December 3, 2021. The company operates 54 branches in Kansas and Missouri and is a leading residential lender in Kansas. Forward-looking statements in the release hint at potential risks, including changes in economic conditions and regulatory environments that could impact the company's dividend policies and capital levels.
Capitol Federal Financial, Inc. (CFFN) reported net income of $18.2 million for Q2 2021, down from $20.4 million in Q1 2021, with earnings per share at $0.13. The net interest margin slightly decreased to 1.84%. Total assets stood at $9.65 billion and total loans increased by $60.3 million to $7.03 billion, mainly in the one- to four-family correspondent loan portfolio. The company paid $65.7 million in dividends, maintaining strong shareholder returns amidst challenges in non-interest income.
Capitol Federal Financial has declared a quarterly cash dividend of $0.085 per share on its common stock, payable on August 20, 2021, to stockholders of record as of August 6, 2021. The Company will release its financial results for the quarter ending June 30, 2021, on July 29, 2021, before market opens. Capitol Federal Savings Bank, the Company's subsidiary, operates 54 branches in Kansas and Missouri, being a major residential lender in Kansas.
Capitol Federal Financial (NASDAQ: CFFN) declared a True Blue Capitol dividend of $0.40 per share for outstanding common stock, payable on June 25, 2021, to stockholders of record as of June 11, 2021. This dividend follows the company's decision to defer dividends in 2020 due to economic uncertainty. A capital distribution of $56.0 million from Capitol Federal Savings Bank enables this payout. For fiscal year 2021, the Board intends to distribute 100% of earnings as dividends, which includes quarterly payments of $0.085 per share, totaling $0.34 for the year.
Capitol Federal Financial, Inc. (CFFN) reported net income of $20.4 million or $0.15 per share for Q1 2021, compared to $18.9 million or $0.14 per share in Q4 2020. The net interest margin decreased to 1.88% due to lower yields on loans and securities. Notably, a $7.4 million gain was realized from the sale of Visa Class B shares, while a $4.8 million loss was incurred from terminating interest rate swaps. The Bank also recorded a $3.0 million negative provision for credit losses, reflecting an improved economic outlook. A dividend of $0.085 per share was declared for distribution on May 21, 2021.
Capitol Federal Financial, Inc. (CFFN) has declared a quarterly cash dividend of $0.085 per share on outstanding common stock. The dividend is payable on May 21, 2021 to stockholders of record as of May 7, 2021. Furthermore, the Company plans to announce its financial results for the quarter ended March 31, 2021 on April 29, 2021, prior to market opening. Capitol Federal Savings Bank operates 54 branch locations in Kansas and Missouri, establishing itself as a significant player in residential lending in Kansas.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) reported strong quarterly results for the period ending December 31, 2020. Net income rose to $18.9 million, or $0.14 per share, up from $18.3 million the previous quarter. Key highlights also include a net interest margin of 1.92% and annualized deposit growth of approximately 14%. However, interest income decreased 4.7% due to lower loan portfolio yields. The Company adopted the CECL standard, resulting in a $2.3 million adjustment to retained earnings. A cash dividend of $0.085 per share was declared, payable February 19, 2021.
Capitol Federal Financial (NASDAQ: CFFN) has announced a quarterly cash dividend of $0.085 per share on outstanding common stock. This dividend is scheduled for payment on February 19, 2021, to stockholders of record as of the close of business on February 5, 2021.
The company will release financial results for the quarter ending December 31, 2020, on January 28, 2021, before market opening.
Capitol Federal Financial (NASDAQ: CFFN) will present its annual meeting of stockholders on January 26, 2021, at 10:00 a.m. Central time, available on its website. The Company, which operates Capitol Federal Savings Bank, has 54 branch locations in Kansas and Missouri, making it a leading residential lender in Kansas. The press release includes forward-looking statements regarding potential risks such as economic changes, regulatory alterations, interest rate fluctuations, and competitive dynamics, with actual outcomes that may differ from projections.
Capitol Federal Financial, Inc. (NASDAQ: CFFN) declared a cash true-up dividend of $0.13 per share for fiscal year 2020, raising total dividends to $0.47 per share. This reflects the Board's commitment to distribute 100% of 2020 earnings, totaling $64.5 million, exceeding prior dividends of $46.9 million. The dividend is payable on December 4, 2020. For fiscal year 2021, the Board aims to continue this trend with expected quarterly dividends of $0.085 per share, totaling $0.34, and a future cash true-up dividend.
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