Capitol Federal Financial Inc (CFFN) has reported 0.68 percent fall in profit for the quarter ended Dec. 31, 2016. The company has earned $20.58 million, or $0.15 a share in the quarter, compared with $20.72 million, or $0.16 a share for the same period last year. Revenue during the quarter went down marginally by 1.82 percent to $52.57 million from $53.55 million in the previous year period. Non-interest income for the quarter fell 5.35 percent over the last year period to $5.27 million.
Efficiency ratio for the quarter improved to 41.08 percent from 44.05 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.
Assets, liabilities remain almost stableTotal assets were almost flat at $9,139.51 million as on Dec. 31, 2016, when compared with the last year period. On the other hand, total liabilities stood at $7,771.34 million as on Dec. 31, 2016, up 0.37 percent from $7,742.59 million on Dec. 31, 2015.
Loans outpace deposit growthNet loans stood at $7,071.41 million as on Dec. 31, 2016, up 6.10 percent compared with $6,665.13 million on Dec. 31, 2015. Deposits stood at $5,192.67 million as on Dec. 31, 2016, up 4.43 percent compared with $4,972.48 million on Dec. 31, 2015. Investments stood at $1,522.01 million as on Dec. 31, 2016, down 17.14 percent or $314.94 million from year-ago. Shareholders equity stood at $1,368.18 million as on Dec. 31, 2016, down 1.63 percent or $22.66 million from year-ago.
Return on average assets moved down 1 basis points to 0.73 percent in the quarter from 0.74 percent in the last year period. At the same time, return on average equity increased 5 basis points to 5.91 percent in the quarter from 5.86 percent in the last year period.
Average equity to average assets ratio was 12.41 percent for the quarter, down from 12.55 percent for the previous year quarter.
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