Capitol Federal Financial, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Provides Effective Tax Rate Guidance for the Fiscal Year 2015; Announces Net Charge-Offs for the First Quarter Ended December 31, 2014
January 29, 2015 at 07:30 pm IST
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Capitol Federal Financial, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported total interest and dividend income of $74,900,000 against $72,234,000 a year ago. Net interest income was $48,036,000 against $44,245,000 a year ago. Income before income tax expense was $29,978,000 against $26,443,000 a year ago. Net income was $20,472,000 against $17,813,000 a year ago. Diluted net earnings per share were $0.15 against $0.12 a year ago. Net income available to common stockholders was $20,430,000 against $17,763,000 a year ago. Return on average assets was 0.73% and return on average equity was 5.50%.
For the quarter, the company reported net charge-offs of $103,000 against $418,000 a year ago.
The company anticipates the effective tax rate for fiscal year 2015 will be approximately 32% to 33%, based on fiscal year 2015 estimates as of December 31, 2014.
Capitol Federal Financial, Inc. is a unitary savings and loan holding company. The Company provides a full range of retail banking services through its subsidiary, Capitol Federal Savings Bank (the Bank), a federal savings bank, which has 46 traditional and five in-store banking offices serving primarily the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia and Salina, Kansas and portions of the Kansas City metropolitan area. The Bank attracts deposits primarily from the general public and from businesses and invests those funds primarily in permanent loans secured by first mortgages on owner-occupied, one-to four-family residences and in commercial loans. It offers an array of retail and business deposit products and services. These products include checking, savings, money market, certificates of deposit, and retirement accounts. The Bankâs deposit services are provided through its network of traditional branches and retail in-store locations, its call center.
Capitol Federal Financial, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014; Provides Effective Tax Rate Guidance for the Fiscal Year 2015; Announces Net Charge-Offs for the First Quarter Ended December 31, 2014