Capitol Federal earnings fall 8 percent, loans grew

Capitol Federal Financial Inc. reported an 8.3 percent drop in first quarter earnings.

The $17.7 million profit, equal to 12 cents a share, compared with a $19.3 million profit, also 12 cents a share, in the first three months of 2012.

During the quarter, earnings were pinched by a narrower spread between the interest Capitol Federal earns on loans and securities and the interest it pays for deposits and other funding.

Loans at the parent of Capitol Federal Savings Bank grew from a year ago to $5.7 billion, which is an increase of 9.4 percent.

Total assets were $9.4 billion at the end of March, down from $9.6 billion a year earlier.

Shares of the Topeka-based company gained 2 cents to close at $11.90 after the morning announcement.

To reach Mark Davis, call 816-234-4372 or send email to mdavis@kcstar.com.