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Cap Fed sees earnings decline for the year

  • The Wichita Eagle
  • Published Wednesday, Oct. 30, 2013, at 10:09 a.m.

The holding company of Capitol Federal Savings said Wednesday it ended its fiscal year with a 7 percent decrease in net income.

Capitol Federal Financial said earnings for its fiscal year, which ended Sept. 30, were $69.3 million, compared with $74.5 million in the same period a year ago.

The Topeka-based company attributed the drop in net income to a decline in net interest income, including interest income on its investment securities, and higher non-interest expense, such as salaries and employee benefits.

Its assets were $9.19 billion compared with $9.38 billion a year ago.

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