Cap Fed reports profit increase

Capitol Federal Financial on Monday reported a profit of about $20 million in its third quarter, up about $2 million from the same period in 2013.

The Topeka-based company said its profits were higher largely because of decreases in income tax expenses and borrowing costs from the Federal Home Loan Bank.

The Topeka-based company noted that earnings increased 1.5 percent from the second quarter.

For the first nine months of its fiscal year, Capitol Federal earned $57.5 million, up from $53.3 million for the nine months that ended June 30, 2013.

At the end of the third quarter, Capitol Federal had total assets of $9.03 billion.

The Star

This story was originally published July 28, 2014 at 9:38 AM with the headline "Cap Fed reports profit increase."