Capitol Federal Financial, Inc., known by its acronym CFFN, has announced its net income for the quarter ending on March 31, 2024. The company made a profit of $13.8 million, which amounts to $0.11 per share. Over the same quarter, the total interest and dividend income reached a substantial $93.3 million. Furthermore, the company's net interest income stood at $41.32 million.
Regarding the Bank's provision for credit losses, an amount of $301 thousand was recorded for the same quarter. The total non-interest income for the period was $4.64 million.
As for the company's monetary reserves, Capitol Federal Financial, Inc. had $46.3 million in cash deposited at the Bank as of March 31, 2024. For the financial year of 2024, the board intends to distribute a regular quarterly cash dividend of $0.085 per share, culminating in a total of $0.34 per share for the year. Furthermore, if the earnings for the fiscal year of 2024 surpass $0.34 per share, the board will contemplate disbursing additional dividends.
