Capitol Federal Financial of Topeka, Kan., announced Thursday that it had earned $16.2 million in the quarter that ended June 30, 70% more than a year earlier.
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Diluted earnings per share for the quarter, the third of its fiscal year, rose 69%, to 22 cents, missing the average of analysts' forecasts by a penny. Nine-month earnings rose about 120%, to $52.2 million.
The $8.4 billion-asset company attributed its improvement to higher net interest income and lower interest expenses. In the quarter, net interest income rose 43%, to $38.8 million, as the cost of Federal Home Loan bank advances dipped 18%, to $36.5 million. For the nine months, net interest income rose 56%, to $121.2 million, as the cost of the advances declined 23%.
