FX.co ★ Capitol Federal Financial Reports Net Income In Q2

Capitol Federal Financial, Inc., known by its acronym CFFN, has announced its net income for the quarter ending on March 31, 2024. The company made a profit of $13.8 million, which amounts to $0.11 per share. Over the same quarter, the total interest and dividend income reached a substantial $93.3 million. Furthermore, the company's net interest income stood at $41.32 million.

Regarding the Bank's provision for credit losses, an amount of $301 thousand was recorded for the same quarter. The total non-interest income for the period was $4.64 million.

As for the company's monetary reserves, Capitol Federal Financial, Inc. had $46.3 million in cash deposited at the Bank as of March 31, 2024. For the financial year of 2024, the board intends to distribute a regular quarterly cash dividend of $0.085 per share, culminating in a total of $0.34 per share for the year. Furthermore, if the earnings for the fiscal year of 2024 surpass $0.34 per share, the board will contemplate disbursing additional dividends.