Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT, ITEMS 2.02, 5.07, 7.01, 8.01, AND 9.01 - Capitol Federal Financial, Inc. | annualmeeting8k0117.htm |
| EX-99.4 - PRESS RELEASE ANNOUNCING EARNINGS - Capitol Federal Financial, Inc. | earningsrelease1216.htm |
| EX-99.3 - PRESS RELEASE ANNOUNCING WARD RETIREMENT, COLE ELECTED - Capitol Federal Financial, Inc. | wardcolerelease0117.htm |
| EX-99.2 - PRESS RELEASE ANNOUNCING DIVIDEND - Capitol Federal Financial, Inc. | regulardividendrelease0117.htm |
Board of Directors
John B. Dicus, Chairman, President & CEO
Morris J. Huey, II
Jeffrey M. Johnson
Michael T. McCoy, M.D.
James G. Morris
Reginald L. Robinson
Jeffrey R. Thompson
Marilyn S. Ward
Management
John B. Dicus, Chairman, President & CEO
Natalie G. Haag, Executive Vice President
& Corporate Secretary
Rick C. Jackson, Executive Vice President
Daniel L. Lehman, Executive Vice President
Carlton A. Ricketts, Executive Vice President
Kent G. Townsend, Executive Vice President
Tara D. Van Houweling, First Vice President
James D. Wempe, VP - Investor Relations
Safe Harbor Disclosure
Except for the historical information contained in this presentation, the
matters discussed may be deemed to be forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of 1995, that
involve risks and uncertainties, including changes in economic conditions in
Capitol Federal Financial, Inc.’s market area, changes in policies by
regulatory agencies and other governmental initiatives affecting the financial
services industry, fluctuations in interest rates, demand for loans in Capitol
Federal Financial, Inc.’s market area, the future earnings and capital levels of
Capitol Federal Savings Bank, which would affect the ability of Capitol
Federal Financial, Inc. to pay dividends in accordance with its dividend
policies, competition, and other risks detailed from time to time in documents
filed or furnished by Capitol Federal Financial, Inc. with the SEC. Actual
results may differ materially from those currently expected. These forward-
looking statements represent Capitol Federal Financial, Inc.’s judgment as of
the date of this presentation. Capitol Federal Financial, Inc. disclaims,
however, any intent or obligation to update these forward-looking
statements.
Selected Balance Sheet Data
September 30,
2016 2015
(in thousands)
Total Assets $ 9,267,247 $ 9,844,161
Total Loans $ 6,958,024 $ 6,625,027
Total Deposits $ 5,164,018 $ 4,832,520
Total Borrowings $ 2,572,389 $ 3,470,521
Total Stockholders' Equity $ 1,392,964 $ 1,416,226
Financial Performance FY 2016
Net Income (in thousands) $83,494
Earnings Per Share (basic & diluted) $0.63
Net Interest Margin* 2.10%
Return on Average Assets* 0.88%
Return on Average Equity* 5.78%
*Adjusted to exclude the effects of the daily leverage strategy
Efficiency Ratio 43.76%
Operating Expense Ratio 0.84%
Non-performing Assets to
Total Assets 0.35%
Equity to Total Assets 15.0%
Financial Performance FY 2016
Calendar Year 2016 Dividends
(in thousands)
Regular quarterly dividends* $ 45,305
True Blue® Capitol dividend (June) 33,274
True-up dividend (December) 38,835
Total cash dividends paid in 2016 $ 117,414
*Paid in February, May, August, and November.
Calendar Year Dividend History
$0
$25,000
$50,000
$75,000
$100,000
$125,000
$150,000
2012 2013 2014 2015 2016
(in thousands)
Calendar Year Dividend History
$0
$25,000
$50,000
$75,000
$100,000
2012 2013 2014 2015 2016
Regular Dividends (includes true-up dividends)
Named Capital Dividends
(in thousands)
Cumulative Cash Returned to Stockholders
†Includes named capital dividends paid
(in millions)
$1,126.0
Share Repurchases
Stockholder Dividends
$368.0
31,009,944 Shares
Avg. Price of $11.87
$5.26 per Share
$0.0
$250.0
$500.0
$750.0
$1,000.0
$1,250.0
Since 2nd Step Corporate Reorganization
$758.0
†
Payment of Dividends
•CFFN declared a regular quarterly dividend of
$0.085 per share on January 24, 2017.
•For fiscal year 2017, it is the intent of our
Board and management to pay out 100% of our
net income.
•Dividends will be paid in a combination of
quarterly and true-up cash dividends.
Strength and Value
•Single-Family Portfolio Lender
•Retail Financial Services
•Excellent Asset Quality
•Strong Cost Controls
•Interest Rate Risk Management
•Strong Capital Position
•Stockholder Value
•Continued strategy of making the balance
sheet more efficient by increasing the balance
of loans and deposits while decreasing the
balance of securities and borrowings.
•Balance of correspondent loans grew to $2.21
billion at September 30, 2016 by utilizing
correspondent lending relationships in 28 states.
•Continued growth of our commercial real estate
loan portfolio primarily through loan participations
with our correspondent lending relationships.
Strength and Value
•Continued the daily leverage strategy during
fiscal year 2016, which added $2.3 million to net
income.
•Continued focus on cost controls through
technology efficiencies and enhancements.
•Cash dividends attributed to our fiscal year 2016
earnings were $0.63 per share, representing a $0.05
per share increase over the previous fiscal year.
•Paid out 100% of our earnings for the sixth
consecutive year.
Strength and Value
Daniel Lehman, Executive Vice President
Chief Retail Operations Officer
Executive Management
Questions & Answers
Director Marilyn Ward, who has served as a director of
Capitol Federal Savings since 1977 and of the Company's
predecessor since its inception in March 1999, will retire
from the Board of Directors upon the conclusion of her
current term following this meeting. The Company thanks
Ms. Ward for her guidance and 39 years of dedicated
service.
Marilyn S. Ward, Director
Ms. Cole has served as Westar Energy’s Vice President,
Corporate Communications and Public Affairs, since 2014.
Ms. Cole is responsible for all communication, media,
branding, philanthropy and government relations matters
for Westar Energy. From 2003 to 2014, Ms. Cole served as
Vice President, Corporate Communications and Brand
Strategy, for Security Benefit Corporation. Ms. Cole is an
Accredited Business Communicator (ABC) with the
International Association of Business Communicators. Ms.
Cole’s extensive background in all aspects of corporate
communications brings to the Board knowledge and
experience that enhances the Board’s oversight of those
aspects of the Company’s operations that work to maintain
and enhance value and ensure appropriate
communications both inside and outside of the Company.
Michel’ Philipp Cole, Director
Thank you for attending