Capitol Federal Financial of Topeka, Kan., announced Thursday that its second-quarter earnings were $17.5 million, 82% more than a year earlier.
Diluted earnings per share rose 77%, to 24 cents, meeting analysts' expectations.
Net income for the six months that ended March 31 was $36.1 million, 153% more than a year earlier.
The $8.6 billion-asset company attributed the increase to a 41% jump in net interest income, to $40.9 million. That increase was due mainly to a 21% reduction in interest expense on Federal Home Loan Bank advances, to $35 million.
This refinancing also helped to push the company's efficiency ratio down to 38.94%, from 53.66% a year earlier. Interest expenses fell 12%, to $59 million.
Noninterest income fell 3%, to $5.5 million, and noninterest expenses fell 2%, to $18 million.
