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Article Excerpt
Capitol Federal Financial today announced results for the December 31, 2004 quarter. Detailed results of the quarter are available on Form 10-Q which will be filed today and on our web-site, http://www.capfed.com/html/relations.html . Points for the quarter include:
-- net income of $18.6 million, up from $4.6 million one year ago, -- diluted earnings per share of $0.25 and -- efficiency ratio of 37.25%.
In addition, the Board of Directors declared a $0.50 per share dividend on January 25, 2005 to holders of record on February 4, 2005, payable on February 18, 2005, and announced an enhancement to its current dividend policy.
Results of Operations for the Quarter Ended December 31, 2004
Capitol Federal Financial (the "Company") reported net income of $18.6 million, up from $4.6 million for the same period one year ago. The increase in net income was primarily due to an increase in the net interest margin of 96 basis points between periods.
The increase in the net interest margin was primarily due to a decrease in the rate paid on Federal Home Loan Bank ("FHLB") advances. The average rate on FHLB advances decreased...
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