Cap Fed reports quarterly earnings decline

01/29/2013 10:58 AM

01/29/2013 10:59 AM

The holding company of Capitol Federal Savings said Tuesday its net income for the first quarter 2013 was down compared to a year ago.

Capitol Federal Financial said its net income was down by $1.2 million to $17.6 million for the quarter that ended Dec. 31. That compares to net income of $18.8 million in the same quarter a year ago.

The Topeka-based company said in a news release that earnings declined because of increased expenses in such areas as salaries and benefits, as well as deposit and loan transaction costs, all of which were partially offset by a decrease in income tax expense.

The company’s assets were at $9.2 billion at the end of the quarter.

Join the Discussion

The Wichita Eagle is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service