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.
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