Lower expenses bump Cap Fed’s first-quarter earnings

01/29/2014 10:19 AM

01/29/2014 10:19 AM

Capitol Federal Financial said Wednesday that it saw a slight increase in net income in its first quarter earnings.

The Topeka-based parent of Capitol Federal Savings said net income for its first quarter, which ended Dec. 31, was $17.8 million compared, with $17.6 million in the first quarter of 2012.

Capitol Federal’s fiscal year ends on Sept. 30.

The company said the increase was due largely to a decrease in expenses related to its employee stock ownership plan.

Its assets were $9.1 billion at the end of the quarter.

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