Cap Fed sees net income rise

07/28/2014 9:58 AM

08/08/2014 4:31 PM

The holding company of Capitol Federal Savings said Monday its net income for the first nine months of fiscal year 2014 increased nearly 8 percent from a year ago.

Topeka-based Capitol Federal Financial said in a news release that net income for the nine months ended June 30 was $57.5 million compared with $53.3 million in the same period in 2013.

It attributed the higher net income to lower income taxes and a decrease in interest expense on lower Federal Home Loan Bank borrowings.

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

Capitol Federal Savings operates eight branches in the Wichita area.

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