Cap Fed sees earnings decline for the year

10/30/2013 10:07 AM

10/30/2013 10:09 AM

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.

Wichita Top Jobs

View All Top Jobs

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