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Capitol Federal sees profit rebound

  • The Wichita Eagle
  • Published Monday, Jan. 30, 2012, at 10:12 a.m.

— The holding company of Capitol Federal Savings said today that it reversed a year-ago loss in the first quarter ending Dec. 31.

Capitol Federal Financial said its net income for the quarter was $18.8 million compared with a net loss of $11.3 million in the same quarter a year ago. The company attributed its loss last year to a $26 million contribution made to the Capitol Federal Financial as a result of its stock conversion.

The Topeka-based company said higher net income in 2011 was due in part to the completion of the stock conversion as well as a $5.4 million increase in net interest income.

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