Capitol Federal profit down 4.5 percent for the quarter

Capitol Federal Financial Inc. said Friday that it had profit of $20.6 million in the quarter ending June 30, down 4.5 percent from the previous quarter.

The Topeka-based bank attributed the lower profit to a fall in non-interest income. In the first quarter, it received death benefits on insurance policies and it also received annual commissions from certain insurance providers.

It grew its loan portfolio by 4 percent.

It paid dividends of $44.6 million, or about 33 cents per share; and its earnings per share was 15 cents.

This story was originally published July 29, 2016 at 11:18 AM with the headline "Capitol Federal profit down 4.5 percent for the quarter."