Capitol Federal Financial, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported total interest and dividend income of $80,644,000 compared to $75,322,000 a year ago. Net interest income was $49,374,000 compared to $47,306,000 a year ago. Income before income tax expense was $32,696,000 compared to $30,977,000 a year ago. Net income was $31,836,000 compared to $20,578,000 a year ago. Net income available to common stockholders was $31,823,000 or $0.24 per basic and diluted share compared to $20,565,000 or $0.15 per basic and diluted share a year ago. Return on average assets (annualized) was 1.15% compared to 0.73% a year ago. Return on average equity (annualized) was 9.33% compared to 5.91% a year ago. The increase in net income was due primarily to a decrease in income tax expense resulting from the enactment of the Tax Act on December 22, 2017, the impact of which was an increase in basic and diluted earnings per share of $0.08 for the current quarter.

For the quarter, the company reported net loan charge-offs of $28,000 compared to $88,000 in the prior quarter.