Quarterly earnings for Capitol Federal increase

The holding company for Capitol Federal Savings Bank announced Thursday an increase in income for the first quarter of the 2016 fiscal year, according to a news release.

Capitol Federal Financial reported an increase in net income of $1.9 million — or 10.3 percent — to $20.7 million for the period that ended Dec. 31, the release said. The earnings report showed an increase of 16 cents per share for the quarter.

The increase in income was “due primarily to a decrease in non-interest expense, along with a the benefit of a lower effective income tax rate” during the quarter, according to the release. The Topeka-based bank paid dividends during the most-recent quarter of $44.6 million, or about 33 cents per share, according to the release.

This story was originally published January 28, 2016 at 10:24 AM with the headline "Quarterly earnings for Capitol Federal increase."