Capitol Federal Financial, Inc. (CFFN) has reported a marginal increase of 0.28 percent in profit for the quarter ended Mar. 31, 2017. The company has earned $21.59 million, or $0.16 a share, compared with $21.53 million or $0.16 a share, a year ago. Revenue during the quarter went down marginally by 0.97 percent to $54.63 million from $55.16 million in the previous year period. Non-interest income for the quarter fell 15.89 percent over the last year period to $5.57 million.
Net interest margin was at 1.80 percent in the quarter. Efficiency ratio was at 40.16 percent in the quarter.
Total assets stood at $9,246.39 million as on Mar. 31, 2017, down 0.75 percent compared with $9,316.68 million on Mar. 31, 2016. On the other hand, total liabilities stood at $7,864.10 million as on Mar. 31, 2017, down 0.62 percent from $7,913.28 million on Mar. 31, 2016.
Loans outpace deposit growthNet loans stood at $7,193.72 million as on Mar. 31, 2017, up 6.27 percent compared with $6,769.19 million on Mar. 31, 2016. Deposits stood at $5,269.23 million as on Mar. 31, 2017, up 2.92 percent compared with $5,119.83 million on Mar. 31, 2016. Investments stood at $1,419.19 million as on Mar. 31, 2017, down 27.16 percent or $529.07 million from year-ago. Shareholders equity stood at $1,382.29 million as on Mar. 31, 2017, down 1.50 percent or $21.12 million from year-ago.
Return on average assets was at 0.77 percent in the quarter. At the same time, return on average equity was at 6.26 percent in the quarter.
Average equity to average assets ratio was 12.31 percent for the quarter.
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