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capfed.com

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About Capitol Federal Financial

Capitol Federal Financial engages in residential lending in Kansas and Missouri.

Capitol Federal Financial Headquarter Location

Topeka, Kansas,

United States

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Latest Capitol Federal Financial News

Capitol Federal Financial : Annual Report - 2021

Dec 14, 2021

11/24 12/14/2021 | 11:28am EST Message : DEAR STOCKHOLDERS, Capitol Federal® Financial, Inc. (the "Company") completed fiscal year 2021 with earnings higher than the previous year, a continued strong capital position, and continued strong asset quality. We achieved these successful results during fiscal year 2021 while dealing with the COVID-19 pandemic and the working environment it created for our daily operations. The adaptability of our employees allowed us to continue to serve our customers through every delivery channel. We find ourselves at the end of fiscal year 2021 in full swing and competitive in all aspects of our business. In fiscal year 2021 the Company earned $76.1 million, compared to $64.5 million the prior fiscal year. Earnings increased primarily because of the reversal of some of the allowance for credit loss we booked in fiscal year 2020 when asset quality was uncertain. This was offset by a decreased net interest margin as a lower rate environment allowed home owners to purchase homes with a lower cost to borrow and allowed existing borrowers to refinance loans to lower rates. The lower net interest margin resulted in lower net interest income. During calendar year 2021 we paid $0.96 per share in cash dividends compared to $0.47 per share in calendar year 2020. The increase in dividends was due not only to an increase in earnings but also to reinstating the True Blue® dividend in June of 2021. In fiscal year 2020 we deferred the dividend when considering the uncertainty of the effects of the pandemic on the financial condition of Capitol Federal. When we reinstated the dividend, we paid $0.20 per share for fiscal year 2020 and $0.20 per share for fiscal year 2021 as we reset the level of the True Blue dividend. We ended the fiscal year at $9.6 billion in total assets, an increase of $144 million from the prior year. This was driven largely by increases in deposits that resulted from economic assistance from the U.S. Government and a higher savings rate among our depositors. Deposits increased from $6.2 billion at the end of fiscal year 2020 to $6.6 billion at the end of fiscal year 2021. The decrease in our loan portfolio from $7.2 billion to $7.1 billion was a result of a decrease in our correspondent loans. Asset quality remained strong despite economic headwinds for many borrowers. Almost all of our single- family borrowers who took a deferral on mortgage payments came through that deferral period with their loans still current. Our commercial customers who took deferral options are performing equally strong. Our loans 90 days or more delinquent were just $12 million, or 0.16% of total loans at the end of our fiscal year. Capital remained strong with an equity to total assets ratio of 12.9% at September 30, 2021. The decrease from the prior year was due to both an increase in total assets and the payment of the True Blue dividend in June 2021. The Capitol Federal Foundation® continued to focus its support of organizations in our communities funding grants totaling just over $4.9 million during fiscal year 2021. These gifts bring total giving by the Foundation since 1999 to $83.2 million. At September 30, 2021 the Foundation had total assets of approximately $105.8 million. The Company's board and management wish to thank our employees for their continuing hard work and dedication during the past several years. It is because of their ability to adapt that we have been able to meet our customers' expectations for services and products. We want to thank our stockholders for their continued commitment to Capitol Federal. Sincerely,

Capitol Federal Financial Acquisitions

1 Acquisition

Capitol Federal Financial acquired 1 company. Their latest acquisition was Capital City Bancshares on April 30, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/30/2018

$99M

Acquired

1

Date

4/30/2018

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Capitol Federal Financial Service Providers

1 Service Provider

Capitol Federal Financial has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

Service Provider

Associated Rounds

Acquired

Provider Type

Investment Bank

Service Type

Financial Advisor

Partnership data by VentureSource

Capitol Federal Financial Team

1 Team Member

Capitol Federal Financial has 1 team member, including former Chief Information Officer, Bob Roth.

Name

Work History

Title

Status

Bob Roth

Chief Information Officer

Former

Name

Bob Roth

Work History

Title

Chief Information Officer

Status

Former

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