Capitol Federal Financial, Inc (CFFN) has reported 0.72 percent rise in profit for the quarter ended Sep. 30, 2016. The company has earned $20.70 million, or $0.16 a share in the quarter, compared with $20.55 million, or $0.15 a share for the same period last year.
Revenue during the quarter went up marginally by 1.53 percent to $54.17 million from $53.36 million in the previous year period. Non-interest income for the quarter rose 4.83 percent over the last year period to $5.69 million.
Capitol Federal Financial has made negative provision of $0.75 million for loan losses during the quarter, compared with a positive provision of $0.77 million in the same period last year.
Assets, liabilities fall
Total assets stood at $9,267.25 million as on Sep. 30, 2016, down 5.86 percent compared with $9,844.16 million on Sep. 30, 2015. On the other hand, total liabilities stood at $7,874.28 million as on Sep. 30, 2016, down 6.57 percent from $8,427.94 million on Sep. 30, 2015.
Loans outpace deposit growth
Net loans stood at $6,958.02 million as on Sep. 30, 2016, up 5.03 percent compared with $6,625.03 million on Sep. 30, 2015. Deposits stood at $5,164.02 million as on Sep. 30, 2016, up 6.86 percent compared with $4,832.52 million on Sep. 30, 2015.
Investments stood at $1,628.18 million as on Sep. 30, 2016, down 19.77 percent or $401.12 million from year-ago. Shareholders equity stood at $1,392.96 million as on Sep. 30, 2016, down 1.64 percent or $23.26 million from year-ago.
Average equity to average assets ratio was 12.45 percent for the quarter, down from 13.11 percent for the previous year quarter.
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