Cap Fed reports higher profit in first half

04/28/2014 9:31 AM

04/28/2014 9:31 AM

The holding company of Capitol Federal Savings said Monday its net income in the first half ended March 31 increased 6 percent from a year ago.

Topeka-based Capitol Federal Financial said earnings were $37.5 million for the first six months of its fiscal year, compared with $35.3 million in the same period a year ago.

The company attributed the higher profit to a decrease in non-interest expense over the period.

Its assets were $9.15 billion on March 31.

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