Capitol Federal profits jump 11.9 percent

Capitol Federal Financial on Thursday reported an 11.9 percent jump in earnings during the first three months of 2016, which cover the second quarter of the company’s fiscal year.

The $21.5 million profit equaled 16 cents a share, compared with $19.2 million, or 14 cents a share, a year ago.

Higher interest income on loans and securities, after paying interest on deposits and other funding sources, added to the increase in profits. Capitol Federal also reported $6.77 billion in loans at the end of March, up from $6.37 billion a year earlier.

The Topeka-based company owns Capitol Federal Savings, which operates 47 branches in Kansas and Missouri.

This story was originally published April 28, 2016 at 9:55 AM with the headline "Capitol Federal profits jump 11.9 percent."