Capitol Federal Financial, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013; Provides Effective Tax Rate Guidance for the Year 2014
January 29, 2014 at 07:30 pm IST
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Capitol Federal Financial, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2013. For the quarter, the company's total interest and dividend income was $72,234,000 compared to $77,676,000 for the same period of last year. Net interest income was $44,245,000 compared to $45,630,000 for the same period of last year. Income before income tax expense was $26,443,000 compared to $26,424,000 for the same period of last year. Net income available to common stockholders was $17,763,000 compared to $17,503,000 for the same period of last year. Net income available to common stockholders per diluted share was $0.12 compared to $0.12 for the same period of last year.
The company's management anticipates the effective tax rate for fiscal year 2014 will be approximately 33% to 34%, based on fiscal year 2014 estimates as of December 31, 2013.
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. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2013; Provides Effective Tax Rate Guidance for the Year 2014