Capitol Federal Financial, Inc.® Reports Fourth Quarter and Fiscal Year 2025 Results

TOPEKA, Kan.--(BUSINESS WIRE)-- Capitol Federal Financial, Inc.^® (NASDAQ: CFFN) (the "Company," "we" or "our"), the parent company of Capitol Federal Savings Bank (the "Bank"), announced preliminary results today for the quarter and fiscal year ended September 30, 2025. For best viewing results, please view this release in Portable Document Format (PDF) on our website, https://ir.capfed.com.

Capitol Federal Financial, Inc. closed fiscal year 2025 with total assets of $9.78 billion, stockholders' equity of $1.05 billion and net income of $68.0 million. Each of these amounts grew from our previous fiscal year. This growth and improvement is a direct result of the strategic operational changes that the Board and management have implemented in recent years.

These results have been enhanced by our thoughtful approach to value-creating opportunities. Capital City Bank was acquired to facilitate the expansion of the Company's product and service offerings, as well as to diversify our asset and deposit bases, thereby expanding our revenue opportunities. Since that transaction, our commercial loan portfolio and non-retail deposits have grown from $319.1 million to $2.12 billion and $194.8 million to $508.2 million, respectively. Using the strength of the Company's brand, new core operating system, and selective additions to staff, we plan to continue growing our commercial loan portfolio through redeploying funds received from the repayment of correspondent loans. We expect that growth in the commercial deposit base will continue to lower our cost of funds.

We are also still benefiting from our October 2023 securities restructuring whereby we sold $1.30 billion of securities at a yield of 1.22%, purchased $632.0 million of securities yielding 5.75%, and paid down $500.0 million of Bank Term Funding debt at 4.70%, all of which led to an increase in our net interest margin by approximately 60 basis points in fiscal year 2024, a nearly 50% increase from our net interest margin for fiscal year 2023. Our net interest margin has further improved in fiscal year 2025.

John B. Dicus, Chairman and CEO, stated that, "We are delivering value to stockholders through a more diversified balance sheet, expanded income streams, and diligent credit risk management. We expect the pace of the past two years to continue as we roll out more products and services and add to an already seasoned team of professionals focused on driving our commercial business lines. We are proud of our disciplined capital management approach which has resulted in our returning $2.01 billion to stockholders through share repurchases and dividends since our second-step conversion in 2010, and we will continue to focus on capital management decisions that drive long-term value for stockholders."

Highlights for the current quarter include:

• net income of $18.8 million, up from $18.4 million for the prior quarter;
• net interest margin increased 11 basis points to 2.09% from 1.98% the prior quarter;
• basic and diluted earnings per share of $0.14;
• an efficiency ratio of 56.84%, down from 58.26% the prior quarter;
• an operating expense ratio of 1.27%; and
• repurchased 618,260 shares of common stock at an average price of $6.23 per share.

Highlights for the fiscal year include:

• net income of $68.0 million compared to $38.0 million one year ago;
• net interest margin of 1.96%, an increase of 19 basis points from 1.77% one year ago;
• basic and diluted earnings per share of $0.52 compared to $0.29 per share one year ago;
• an efficiency ratio of 58.33% compared to 66.91% one year ago; and
• paid cash dividends of $0.34 per share.

Balance sheet highlights include:

• total assets of $9.78 billion;
• tangible book value per share of $7.85;
• commercial loan growth of $607.0 million, or 40.2%, during the fiscal year;
• commercial deposits growth of $190.2 million, or 59.8%, from September 30, 2024;
• distributed $14.0 million from the Bank to the Company due to attaining a positive balance of earnings and profit; and
• on October 28, 2025, the Company announced a cash dividend of $0.085 per share, payable on November 21, 2025 to stockholders of record as of the close of business on November 7, 2025.

Strategic Banking Initiatives

The Company is committed to the ongoing development of a full-service commercial bank and is investing in technology, people, products and services to make that happen. Our investments in technology to date have allowed the Company to launch new services and products, while the addition of seasoned and well-connected commercial bankers and trust and wealth advisors give us access to an exciting new customer group. Expanding our product suite of treasury management services enables us to service this new customer group, and expanded marketing and business development has increased the depth of customer relationships. As we complete the second year since embarking on our digital transformation, we have seen our efforts bear fruit and expect progress to accelerate going forward.

Mr. Dicus stated, "While Capitol Federal has deep roots in our retail banking markets, we are focused and committed to prudently growing our commercial banking operations as we transform our business to provide a full-service community oriented commercial bank for our customers. We believe that by doing so, we are delivering long-term sustainable value to our stockholders."

Strategic Actions. The long-term success of this transformation is predicated on management's continued focus on deepening relationships with consumer and commercial customers. Management and the Board have committed resources through the growth of talented and skilled bankers, investments in technology, expanding marketing and outreach, as well as the development and increased internal monitoring of performance metrics that ensure we are on the path to achieve our performance objectives. Through our experienced relationship managers, we deliver customized solutions using advanced digital platforms and sophisticated cash management tools. Additionally, we are leveraging our centralized organizational structure to respond quickly to customers. We are actively pursuing opportunities to expand our non-interest-bearing deposit base and diversify fee-based revenue streams through strategic growth in treasury management services, trust and wealth management services, insurance, and small business banking.

Commercial Lending. During the current fiscal year, we closed on $901.9 million in commercial loans compared to $350.6 million in the prior fiscal year and commercial loans continue to grow as a percentage of our overall loan portfolio. As of September 30, 2025, commercial loans comprised 26% of our loan portfolio compared to 19% at the prior fiscal year end. Maintaining strong credit quality remains a top priority as we expand our commercial loan portfolio. To accomplish this, in addition to disciplined underwriting and ongoing credit administration, we monitor concentration levels by collateral types, geographic location and borrowing relationships. During the current fiscal year, the Bank implemented commercial loan pricing and profitability software that provides pricing and profitability insights based on the full customer banking relationship. We also implemented software that provides market insight regarding competitor pricing to assist loan officers when preparing a loan offering. This has increased our ability to profitably compete with other banks in our markets as well as financial institutions outside of our markets.

Treasury Management. The Bank services commercial customers through a competitive suite of treasury management products and an experienced team of treasury management officers. This team is focused on the deposit and cash management needs of commercial customers and growing this line of business through acquisition of new customers located both in our immediate market areas, and those who we lend to outside of our local market areas. Additionally, this fiscal year, the Bank deployed a team of business development officers tasked with growing the deposit base within the small business customer segment, focused on serving small businesses in our market areas with a dedicated line of products specifically designed for these customers. The Bank expects to introduce digital onboarding for small business customers using industry-leading risk management and screening tools, which will replace many manual verification tasks. Additionally, as we add more sophisticated commercial clients, we are evaluating new technology in order to capture a larger share of their business with additional products and services. Within calendar year 2026, we expect to implement new technology for lockbox services, integrated accounts receivables, purchase cards and corporate cards. While the majority of our commercial deposit growth in fiscal year 2025 resulted from commercial loan covenants and provisions, our treasury management officers and business development officers often land depository relationships independent of a lending relationship. This will be a focus area for our sales teams as the Bank continues to diversify funding sources and seeks to increase fee revenue tied to depository accounts.

Digital Banking. We are advancing towards a seamless digital banking experience for all customers, enhancing the Bank's ability to attract and retain deposits. This strategy includes a new deposit account onboarding platform that was implemented in November 2024 and digital banking enhancements for debit cardholders which will allow customers to begin using their card immediately online and in digital wallets without waiting for the delivery of a physical card. These enhancements are projected to be implemented in the second quarter of fiscal year 2026. Since changing core and digital providers in August 2023, the Bank has taken advantage of our open-source platforms through the evaluation of add-on technologies that will integrate into our digital banking experience for consumers, small businesses, and commercial customers.

Private Banking, Trust and Wealth Management. We are preparing to implement a comprehensive suite of private banking products and services which is a new line of business for the Bank. During the current quarter, the Bank added several seasoned and well-connected wealth management professionals to focus on these products and services. Their expertise in private banking and related areas will support our new private banking efforts and is expected to transform our trust and wealth management business. Private banking relationships are defined as customers with $5 million or more in personal relationships with the Bank by way of loans, deposits, or assets under management. Private banking customers are expected to begin onboarding in the first quarter of fiscal year 2026. We believe that our private banking line of business will be a gateway to driving off-balance sheet revenue and bridge the gap between high-net-worth depository customers, small business owners or key commercial customers, and corporate trustee opportunities for the Bank.

Stockholder Value. Delivering long-term sustainable stockholder value will continue to be our North Star while also maintaining a strong capital position. As part of our historically robust and disciplined approach to capital management, our approach continues to generate returns to stockholders through dividend payments and share repurchases. Total dividends declared and paid during fiscal year 2025 were $44.3 million. The Company repurchased 618,260 shares for $3.9 million during fiscal year 2025, all of which occurred in the last quarter of the fiscal year. Since completing our second-step conversion in December 2010, we have returned $2.01 billion to stockholders through $1.57 billion in cash dividends and $439.9 million of share repurchases. For fiscal year 2026, it is the intention of the Board of Directors to continue the regular quarterly cash dividend of $0.085 per share and to seek further opportunities for value-enhancing share repurchases.

Comparison of Operating Results for the Three Months Ended September 30, 2025 and June 30, 2025

For the quarter ended September 30, 2025, the Company recognized net income of $18.8 million, or $0.14 per share, compared to net income of $18.4 million, or $0.14 per share, for the quarter ended June 30, 2025. The increase in net income in the current quarter was due primarily to higher net interest income, partially offset by higher non-interest expense, income tax expense and provision for credit losses. The net interest margin increased 11 basis points, from 1.98% for the prior quarter to 2.09% for the current quarter due mainly to growth in the higher yielding commercial loan portfolio.

Interest and Dividend Income

The following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent.

		For the Three Months Ended
		September 30,				June 30,				Change Expressed in:
		2025				2025				Dollars				Percent
		(Dollars in thousands)
INTEREST AND DIVIDEND INCOME:
Loans receivable		$	87,343			$	82,914			$	4,429			5.3	%
Mortgage-backed securities ("MBS")			11,808				12,163				(355	)		(2.9	)
Federal Home Loan Bank Topeka ("FHLB") stock			2,163				2,197				(34	)		(1.5	)
Cash and cash equivalents			2,148				1,620				528			32.6
Investment securities			582				784				(202	)		(25.8	)
Total interest and dividend income		$	104,044			$	99,678			$	4,366			4.4

The increase in interest income on loans receivable was due mainly to increases in the average balance and yield of the commercial loan portfolio compared to the prior quarter. The decrease in interest income on MBS was due primarily to a lower average balance compared to the prior quarter, resulting from principal repayments that were not reinvested into the portfolio. The increase in interest income on cash and cash equivalents was due to an increase in the average balance. The decrease in interest income on investment securities was due mainly to a lower average balance compared to the prior quarter, resulting primarily from investments that were called and not replaced. Cash flows from MBS and investment securities and deposit growth during the current quarter were mainly used to fund commercial loan growth. Cash inflows from the securities portfolios not used for immediate commercial loan funding needs were retained in cash and cash equivalents in anticipation of future commercial loan funding and operational needs.

Interest Expense

The following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent.

		For the Three Months Ended
		September 30,				June 30,				Change Expressed in:
		2025				2025				Dollars				Percent
		(Dollars in thousands)
INTEREST EXPENSE:
Deposits		$	37,204			$	35,860			$	1,344			3.7	%
Borrowings			18,057				18,360				(303	)		(1.7	)
Total interest expense		$	55,261			$	54,220			$	1,041			1.9

Interest expense on deposits was higher during the current quarter, due mainly to continued growth of the Bank's high yield savings account offering, along with an increase in the average balance of retail certificates of deposit and the cost of money market accounts due to an increase in the average balance of higher tier money market accounts. Management has continued to focus on retaining and growing deposits through its high yield savings account product. See additional discussion in "Financial Condition as of September 30, 2025" below. The decrease in borrowings expense was due to a decrease in the average balance, due mainly to FHLB borrowings that matured between periods and were not replaced. Cash flows from the increase in the deposit portfolio were used to repay these borrowings.

Provision for Credit Losses

The Company recorded a provision for credit losses of $519 thousand during the current quarter compared to a release of provision for credit losses of $451 thousand for the prior quarter. The provision for credit losses in the current quarter was comprised of a $1.3 million increase in the allowance for credit losses ("ACL") for loans, partially offset by a $778 thousand decrease in the reserve for off-balance sheet credit exposures. The $1.3 million increase in the ACL was mainly related to commercial loan growth and commercial commitment fundings during the current quarter. The $778 thousand decrease in the reserve for off-balance sheet credit exposures was due mainly to a decrease in commercial off-balance sheet credit exposures as several large dollar commitments from the prior quarter were funded.

Non-Interest Income

The following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent.

		For the Three Months Ended
		September 30,				June 30,				Change Expressed in:
		2025				2025				Dollars				Percent
		(Dollars in thousands)
NON-INTEREST INCOME:
Deposit service fees		$	2,873			$	2,867			$	6			0.2	%
Insurance commissions			1,018				884				134			15.2
Other non-interest income			1,900				1,537				363			23.6
Total non-interest income		$	5,791			$	5,288			$	503			9.5

During the current quarter, insurance commissions increased due primarily to the receipt of commissions that exceeded accruals. Other non-interest income increased compared to the prior quarter, due mainly to higher income from bank-owned life insurance ("BOLI") due to changes in rates and an increase in the crediting rate as a result of updates to certain policies that were executed during the current quarter.

Non-Interest Expense

The following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent.

		For the Three Months Ended
		September 30,				June 30,				Change Expressed in:
		2025				2025				Dollars				Percent
		(Dollars in thousands)
NON-INTEREST EXPENSE:
Salaries and employee benefits		$	15,936			$	15,277			$	659			4.3	%
Information technology and related expense			5,053				5,163				(110	)		(2.1	)
Occupancy, net			3,292				3,270				22			0.7
Regulatory and outside services			1,590				1,261				329			26.1
Advertising and promotional			1,915				1,453				462			31.8
Federal insurance premium			1,114				1,072				42			3.9
Deposit and loan transaction costs			658				715				(57	)		(8.0	)
Office supplies and related expense			490				370				120			32.4
Other non-interest expense			970				983				(13	)		(1.3	)
Total non-interest expense		$	31,018			$	29,564			$	1,454			4.9

The increase in salaries and employee benefits compared to the prior quarter was due mainly to compensation and compensation-related accruals. The increase in regulatory and outside services was due mainly to higher consulting expenses and the usage of outside services in the current quarter. The increase in advertising and promotional expense was due primarily to the timing of seasonal sponsorships and campaigns compared to the prior quarter.

The Company's efficiency ratio was 56.84% for the current quarter compared to 58.26% for the prior quarter. The improvement in the efficiency ratio was due to higher net interest income during the current quarter, partially offset by higher non-interest expense. The efficiency ratio is a measure of a financial institution's total non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. A lower value generally indicates that it is costing the financial institution less money to generate revenue. The Company's operating expense ratio (annualized) for the current quarter was 1.27% compared to 1.23% for the prior quarter. The operating expense ratio was higher in the current quarter due to higher non-interest expense. The operating expense ratio is a measure of a financial institution's total non-interest expense as a percentage of average assets, providing insight into how efficiently the Company is managing its expenses in relation to its assets and does not take into consideration changes in interest rates.

Income Tax Expense

The following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent and the effective tax rate.

		For the Three Months Ended
		September 30,				June 30,				Change Expressed in:
		2025				2025				Dollars				Percent
		(Dollars in thousands)
Income before income tax expense		$	23,037			$	21,633			$	1,404			6.5	%
Income tax expense			4,224				3,251				973			29.9
Net income		$	18,813			$	18,382			$	431			2.3
Effective Tax Rate			18.3	%			15.0	%

During the prior quarter, a change in Kansas tax law was enacted that is effective October 1, 2027 for the Company and the Bank. The State of Kansas is changing the way it attributes taxable income to the state, specifically, moving from a three-factor apportionment (property, payroll and receipts) method to a single receipts method. Most of the Bank's property and payroll are located in Kansas, though a large amount of its revenue-generating activities, predominantly loan interest income, are conducted outside of Kansas. The Bank is expecting a decrease in income apportioned to Kansas starting in fiscal year 2028 due to the tax law change. As a result, as of June 30, 2025, the Bank remeasured its state deferred tax assets and liabilities expected as of October 1, 2027. The Bank recorded an $857 thousand reduction in net state income tax expense related to this law change, which is the primary reason for the lower effective tax rate and income tax expense for the prior quarter.

Comparison of Operating Results for the Years Ended September 30, 2025 and 2024

The Company recognized net income of $68.0 million, or $0.52 per share, for the current year, compared to net income of $38.0 million, or $0.29 per share, for the prior year. The increase in net income was due mainly to higher net interest and non-interest income, partially offset by higher non-interest expense. Non-interest income was lower in the prior year due mainly to the net losses on the sale of securities associated with the securities strategy. See additional discussion regarding the securities strategy in the "Securities Strategy to Improve Earnings" section below. The securities associated with the securities strategy were sold in the prior year, and in that period the Company incurred $13.3 million ($10.0 million net of tax) of net losses related to the sale of those securities. Excluding the effects of the net loss associated with the securities strategy, earnings per share would have been $0.37 for the prior year. The increase in earnings per share excluding the effects of the net loss associated with the securities strategy was due primarily to higher net interest income in the current year.

The net interest margin increased 19 basis points, from 1.77% for the prior year to 1.96% for the current year. The increase was due mainly to higher yields on the loan portfolio due to the continued shift of loan balances from the one- to four-family loan portfolio to the higher yielding commercial loan portfolio, which outpaced the increase in the cost of deposits.

Securities Strategy to Improve Earnings

In October 2023, the Company initiated a securities strategy (the "securities strategy") by selling $1.30 billion of securities, representing 94% of its securities portfolio. Since the Company did not have the intent to hold the $1.30 billion of securities to maturity at September 30, 2023, the Company recognized an impairment loss on those securities of $192.6 million which was reflected in the Company's financial statements for the quarter and fiscal year ended September 30, 2023. The securities strategy allowed the Company to improve its earnings stream going forward, beginning in the quarter ended December 31, 2023, by redeploying most of the proceeds into then-current market rate securities. The Company utilized the remaining proceeds to deleverage the balance sheet. During the quarter ended December 31, 2023, the Company completed the sale of securities and recognized $13.3 million ($10.0 million net of tax), or $0.08 per share, of additional loss. See additional information regarding the impact of the securities strategy on our financial measurements in "Supplemental Financial Information - Average Balance Sheets" below. The $1.30 billion of securities sold had a weighted average yield of 1.22% and an average duration of 3.6 years. With the proceeds from the sale of the securities, the Company purchased $632.0 million of securities yielding 5.75%, paid down $500.0 million of borrowings with a weighted average cost of 4.70%, and held the remaining cash at the Federal Reserve Bank of Kansas City ("FRB") earning interest at the reserve balance rate until such time as it could be used to fund commercial lending activities or for other Bank operations.

Interest and Dividend Income

The following table presents the components of interest and dividend income for the time periods presented, along with the change measured in dollars and percent.

		For the Year Ended
		September 30,								Change Expressed in:
		2025				2024				Dollars				Percent
		(Dollars in thousands)
INTEREST AND DIVIDEND INCOME:
Loans receivable		$	332,518			$	308,707			$	23,811			7.7	%
MBS			46,259				33,650				12,609			37.5
FHLB stock			8,997				10,009				(1,012	)		(10.1	)
Cash and cash equivalents			8,368				15,728				(7,360	)		(46.8	)
Investment securities			3,377				8,749				(5,372	)		(61.4	)
Total interest and dividend income		$	399,519			$	376,843			$	22,676			6.0

The increase in interest income on loans receivable was due primarily to the continued shift of loan balances from the one- to four-family loan portfolio to higher yielding commercial loans. See additional discussion regarding the composition of the loan portfolio in the "Financial Condition as of September 30, 2025" section below. The increase in interest income on MBS was due mainly to an increase in the average balance of the portfolio, due mainly to securities purchases between periods. Interest income on cash and cash equivalents decreased due largely to a decrease in the average balance, along with a decrease in the weighted average yield compared to the prior year due to lower FRB interest rates. The decrease in the average balance was mainly a result of the securities strategy in the prior year, as not all proceeds from the sale of securities were immediately redeployed. The decrease in interest income on investment securities was due to a decrease in average balance, due primarily to the securities purchased as part of the securities strategy being called or maturing during fiscal year 2024 and not being replaced in their entirety. The cash flows from the investment securities portfolio that were not reinvested were generally invested in the MBS portfolio.

Interest Expense

The following table presents the components of interest expense for the time periods presented, along with the change measured in dollars and percent.

		For the Year Ended
		September 30,								Change Expressed in:
		2025				2024				Dollars				Percent
		(Dollars in thousands)
INTEREST EXPENSE:
Deposits		$	146,262			$	139,549			$	6,713			4.8	%
Borrowings			72,946				75,233				(2,287	)		(3.0	)
Total interest expense		$	219,208			$	214,782			$	4,426			2.1

The increase in interest expense on deposits was due primarily to growth in the high yield savings account, and to a lesser extent, an increase in the average balance of retail certificates of deposits. The increases were partially offset by a decrease in the weighted average rate paid on, and in the average balance of, money market accounts. See additional discussion regarding high yield savings in the "Financial Condition as of September 30, 2025" section below.

The decrease in interest expense on borrowings was due to a decrease in the average balance, which was partially offset by a higher weighted average interest rate. The decrease in the average balance of borrowings was due mainly to FHLB borrowings that matured between periods and were not renewed, along with a decrease in borrowings under the Federal Reserve's Bank Term Funding Program ("BTFP"), which were repaid during the prior year using a portion of the proceeds from the securities strategy. Cash flows from the deposit portfolio were generally used to pay off maturing FHLB borrowings. The increase in the weighted average interest rate was due primarily to higher market interest rates on FHLB borrowings that matured and were renewed between periods.

Provision for Credit Losses

The Company recorded a provision for credit losses of $745 thousand during the current year compared to a provision for credit losses of $1.3 million for the prior year. The provision for credit losses in the current year was comprised of a $1.2 million increase in the ACL for loans, partially offset by a $457 thousand decrease in the reserve for off-balance sheet credit exposures. The increase in ACL for loans was due to commercial loan growth during the current year, partially offset by an update to the ACL model's regression analyses implemented during the current year which largely impacted the commercial loan portfolio. See additional details in the "Supplemental Financial Information - Allowance for Credit Losses" discussion below. The decrease in the reserve for off-balance sheet credit exposures was due mainly to a decrease in commercial off-balance sheet credit exposures.

Non-Interest Income

The following table presents the components of non-interest income for the time periods presented, along with the change measured in dollars and percent.

		For the Year Ended
		September 30,								Change Expressed in:
		2025				2024				Dollars				Percent
		(Dollars in thousands)
NON-INTEREST INCOME:
Deposit service fees		$	11,043			$	10,562			$	481			4.6	%
Insurance commissions			3,605				3,257				348			10.7
Net loss from securities transactions			—				(13,345	)			13,345			100.0
Other non-interest income			6,077				4,770				1,307			27.4
Total non-interest income		$	20,725			$	5,244			$	15,481			295.2

The increase in deposit service fees was due mainly to growth in treasury management service fees. The increase in insurance commissions was due primarily to the receipt of commissions exceeding accrued amounts. The net loss from securities transactions in the prior year was related to the securities strategy. Other non-interest income was higher in the current year due mainly to an increase in BOLI income primarily from an increase in the crediting rate as a result of updates made to certain existing policies that were executed during the current year. Additionally, in the prior year there was a net loss on a financial derivative related to a commercial lending relationship and no such loss in the current year due to the related loan being paid off in the prior year.

Non-Interest Expense

The following table presents the components of non-interest expense for the time periods presented, along with the change measured in dollars and percent.

		For the Year Ended
		September 30,								Change Expressed in:
		2025				2024				Dollars				Percent
		(Dollars in thousands)
NON-INTEREST EXPENSE:
Salaries and employee benefits		$	60,383			$	52,272			$	8,111			15.5	%
Information technology and related expense			19,690				20,324				(634	)		(3.1	)
Occupancy, net			13,397				13,558				(161	)		(1.2	)
Regulatory and outside services			5,433				5,743				(310	)		(5.4	)
Advertising and promotional			4,950				4,264				686			16.1
Federal insurance premium			4,319				6,052				(1,733	)		(28.6	)
Deposit and loan transaction costs			2,843				2,719				124			4.6
Office supplies and related expense			1,696				1,691				5			0.3
Other non-interest expense			4,559				5,320				(761	)		(14.3	)
Total non-interest expense		$	117,270			$	111,943			$	5,327			4.8

The increase in salaries and employee benefits was mainly attributable to an increase in the number of employees between periods, merit increases and salary adjustments to remain market competitive, and a higher accrual of incentive compensation during the current year than the prior year related to the Bank's short-term performance plan. The decrease in information technology and related expense was due mainly to a decrease in usage of third-party professional services along with a decrease in depreciation expense during the current year. The decrease in regulatory and outside services was due to a reduction in usage of certain outside services compared to the prior year. The increase in advertising and promotional expense was due to timing of campaigns, including campaigns from the prior fiscal year that were delayed until the current fiscal year. The decrease in the federal insurance premium was due primarily to a decrease in the Federal Deposit Insurance Corporation ("FDIC") assessment rate as a result of the way the assessment rate was adjusted in fiscal year 2024 for the occurrence of the Bank's net loss during the quarter ended September 30, 2023. The decrease in other non-interest expense was due mainly to higher customer fraud losses in the prior year and the maturity of an interest rate swap agreement during the current year which reduced the expense associated with the collateral held in relation to the interest rate swap.

The Company's efficiency ratio was 58.33% for the current year compared to 66.91% for the prior year. Excluding the net losses from the securities strategy, the efficiency ratio would have been 61.97% for the prior year. The improvement in the efficiency ratio, excluding the net losses from the securities strategy, was due primarily to higher net interest income compared to the prior year, partially offset by higher non-interest expense. The Company's operating expense ratio for the current year was 1.22% compared to 1.17% for the prior year. The operating expense ratio was higher in the current year due mainly to higher non-interest expense.

Income Tax Expense

The following table presents pretax income, income tax expense, and net income for the time periods presented, along with the change measured in dollars and percent and effective tax rate.

		For the Year Ended
		September 30,								Change Expressed in:
		2025				2024				Dollars				Percent
		(Dollars in thousands)
Income before income tax expense		$	83,021			$	54,103			$	28,918			53.4	%
Income tax expense			14,996				16,093				(1,097	)		(6.8	)
Net income		$	68,025			$	38,010			$	30,015			79.0
Effective Tax Rate			18.1	%			29.7	%

Income tax expense was lower in the current year compared to the prior year, due mainly to income tax associated with the pre-1988 bad debt recapture in the prior fiscal year, partially offset by higher pretax income in the current year. Management anticipates the effective tax rate for fiscal year 2026 will be 19% to 20%.

Fiscal Year 2026 Outlook

Salary and employee benefit expense is anticipated to increase approximately 9% from fiscal year 2025 due to the expected hiring of additional professionals, merit increases, continued staff compensation alignment with market compensation levels, and the impact of the first full year of compensation for recently hired sales professionals. Information technology expense in fiscal year 2025 was less than anticipated due primarily to projects being postponed to fiscal year 2026. It is anticipated that information technology expense will increase approximately 15% from fiscal year 2025 due to project postponements to fiscal year 2026, along with several new initiatives that are anticipated to be implemented during fiscal year 2026. Overall, non-interest expense is projected to increase 7% in fiscal year 2026 from the fiscal year 2025 amount. Management anticipates the FRB will continue to reduce rates during our 2026 fiscal year, which should allow a reduction in our deposit interest expense while our loan portfolio yield is expected to remain stable or increase due to the ongoing remixing of our loan portfolio. As a result of the strategic initiatives previously discussed, it is likely the Company will grow past $10 billion in total assets in the coming fiscal years.

Financial Condition as of September 30, 2025

The following table summarizes the Company's financial condition at the dates indicated.

										Annualized
		September 30,				June 30,				Percent			September 30,				Percent
		2025				2025				Change			2024				Change
		(Dollars and shares in thousands)
Total assets		$	9,778,701			$	9,692,739			3.5	%		$	9,527,608			2.6	%
Available-for-sale ("AFS") securities			867,216				956,229			(37.2	)			856,266			1.3
Loans receivable, net			8,111,961				8,023,554			4.4				7,907,338			2.6
Deposits			6,591,448				6,431,137			10.0				6,129,982			7.5
Borrowings			1,950,770				2,071,585			(23.3	)			2,179,564			(10.5	)
Stockholders' equity			1,047,677				1,046,158			0.6				1,032,270			1.5
Equity to total assets at end of period			10.7	%			10.8	%						10.8	%
Average number of basic shares outstanding			129,874				130,081			(0.6	)			129,918			—
Average number of diluted shares outstanding			129,874				130,081			(0.6	)			129,918			—

Securities decreased $89.0 million from June 30, 2025 to September 30, 2025, due primarily to calls and principal repayments during the current quarter that were not reinvested into the portfolio. The loan portfolio increased $88.4 million during the current quarter as cash flows from the securities portfolio were used to fund loan growth. The loan portfolio mix continued to shift from one- to four-family loans to commercial loans during the current quarter, with commercial loan growth of $204.2 million, partially offset by a $113.9 million decrease in one- to four-family loans. The growth in commercial loans was due mainly to a $148.3 million increase in the commercial real estate loan portfolio during the quarter. As of September 30, 2025, the Bank expects to fund approximately $76 million of undisbursed amounts on existing commercial real estate and commercial construction loans and approximately $40 million of commercial real estate and commercial construction loan commitments during the December 31, 2025 quarter. Additionally, the Bank expects to fund approximately $26 million of undisbursed amounts and commitments related to commercial and industrial loans during the December 31, 2025 quarter.

As a result of continued high interest rates and a lack of housing inventory, which has reduced housing market transactions, our one- to four-family origination and refinance activity has slowed, directly impacting the Bank's one- to four-family loan portfolio. The Bank suspended its one- to four-family correspondent lending channels during fiscal year 2024 for the foreseeable future. Management expects the Bank's one- to four-family originated loan portfolio will continue to decrease as the affordability of housing remains challenging, there is a limited supply of homes for sale and we compete with nationwide online mortgage originators. It is expected that cash flows generated from the repayments of our one- to four-family portfolio will continue to be used to fund commercial loan growth. Maintaining strong credit quality remains a top priority as we expand our commercial loan portfolio. The weighted average debt service coverage ratio ("DSCR") for commercial loan originations and purchases during the current fiscal year was 1.68x and the weighted average loan-to-value ("LTV") for commercial real estate and construction loans originated and purchased was 74%. The weighted average DSCR and LTV for our commercial real estate and construction loans was 1.65x and 61%, respectively, at September 30, 2025.

Deposits increased $160.3 million during the current quarter due mainly to retail certificates of deposit, commercial deposits, and the Bank's high yield savings account offering. Borrowings decreased $120.8 million due to the maturity of $100.0 million in borrowings during the current quarter that were not replaced, along with principal payments made on the Bank's amortizing FHLB advances.

Total assets increased $251.1 million from September 30, 2024, due to growth in the loan portfolio, which was largely funded with deposit growth, mainly through the Bank's high yield savings account offering. The commercial loan portfolio increased $607.0 million during the current year, due primarily to commercial real estate loan growth, partially offset by a decrease of $400.0 million in one- to four-family loans.

Deposits increased $461.5 million from September 30, 2024, due mainly to the Bank's high yield savings account offering, which increased $364.5 million during the current year. Management has continued to focus on retaining and growing deposits through the Bank's high yield savings account product, which, as of September 30, 2025, had an annual percentage yield of 4.00% for accounts that meet the $10 thousand balance minimum.

Borrowings decreased $228.8 million during the current year due to principal payments made on the Bank's amortizing advances, along with borrowings that matured but were not replaced. Management estimates that the Bank had $2.92 billion in liquidity available at September 30, 2025, based on the Bank's blanket collateral agreement with FHLB and unencumbered securities.

The following table summarizes loan originations and purchases, deposit activity, and borrowing activity, along with certain related weighted average rates, during the periods indicated. The borrowings presented in the table have original contractual terms of one year or longer.

		For the Three Months Ended							For the Year Ended
		September 30, 2025							September 30, 2025
		Amount				Rate			Amount				Rate
		(Dollars in thousands)
Loan originations, purchases, and participations
One- to four-family and consumer:
Originated		$	88,055			6.61	%		$	352,003			6.52	%
Commercial:
Originated			251,192			6.58				797,466			6.93
Participations/Purchased			11,952			6.85				104,431			7.10
		$	351,199			6.60			$	1,253,900			6.83
Deposit Activity
Non-maturity deposits		$	69,212						$	414,096
Retail/Commercial certificates of deposit			85,893							1,986
Borrowing activity
Maturities and repayments			(121,168	)		3.30				(879,672	)		3.39
New borrowings			—			—				650,000			4.13

Stockholders' Equity

Stockholders' equity totaled $1.05 billion at September 30, 2025, an increase of $15.4 million from September 30, 2024. Consistent with our goal to operate a sound and profitable financial organization that delivers long-term stockholder value, we actively seek to maintain a well-capitalized status for the Bank in accordance with regulatory standards. As of September 30, 2025, the Bank's capital ratios exceeded the well-capitalized requirements, and the Bank exceeded internal policy thresholds for sensitivity to changes in interest rates. As of September 30, 2025, the Bank's community bank leverage ratio was 9.6%.

During the year ended September 30, 2025, the Company paid regular quarterly cash dividends totaling $44.3 million, or $0.34 per share. On October 28, 2025, the Company announced a regular quarterly cash dividend of $0.085 per share, or approximately $11.0 million, payable on November 21, 2025 to stockholders of record as of the close of business on November 7, 2025. For fiscal year 2026, it is the intention of the Company's Board of Directors to pay out a regular quarterly cash dividend of $0.085 per share, totaling $0.34 per share for the year.

The Board of Directors continues to evaluate various alternatives for capital allocation to enhance stockholder value, including the repurchase of stock, the payment of additional cash dividends, or retaining earnings to support future growth. Since our second-step conversion in December 2010, we have returned $2.01 billion in capital to stockholders through dividends totaling $1.57 billion and stock repurchases totaling $439.9 million. This is supported by our holistic approach to managing the balance sheet through continuous modeling of the Bank's performance, risk management, our commitment to credit quality and periodic stress testing.

Dividend payments depend upon a number of factors, including the Company's financial condition and results of operations, regulatory capital requirements, regulatory limitations on the Bank's ability to make capital distributions to the Company, the Bank's current tax earnings and accumulated earnings and profits, and the amount of cash at the holding company level. Through the payment of the True Blue dividend in prior years, the Company was able to provide stockholder value by reducing its excess capital. The last True Blue dividend occurred in fiscal year 2022. Management and the Board of Directors believe that a tier 1 leverage ratio of about 9% is appropriate to manage the risk profile of the Company.

At September 30, 2025, Capitol Federal Financial, Inc., at the holding company level, had $17.6 million in cash on deposit at the Bank. During the current quarter, the Bank distributed $14.0 million from the Bank to the Company. This represented the only distribution from the Bank to the Company during fiscal year 2025. Distributions from the Bank to the Company during fiscal year 2025 were limited due to the tax associated with the pre-1988 bad debt recapture which is related to the Bank's tax accumulated earnings and profits. During the current quarter, the Bank reached a point that there was sufficient taxable income earned to replenish the Bank's tax accumulated earnings and profits to a positive level, allowing the Bank to make a distribution to the Company and not have that distribution subject to the pre-1988 bad debt recapture tax. Due to the Bank's expected continuing positive tax accumulated earnings and profit balance, it is anticipated that the Bank will be in a position to make earnings distributions to the Company during fiscal year 2026. Earnings distributions from the Bank to the Company will be limited to the extent necessary to prevent the Bank from re-entering a negative accumulated earnings and profit position and have to pay the pre-1988 bad debt recapture tax on earnings moved from the Bank to the Company.

During the current quarter, the Company repurchased 618,260 shares of common stock at an average price of $6.23 per share. The Company currently has $71.1 million remaining authorized under its existing stock repurchase plan. Shares may be repurchased from time to time based upon market conditions, available liquidity and other factors. Although our existing repurchase plan has no expiration date we are required to annually seek the FRB's non-objection for the buyback amount. The FRB's current non-objection for the Company to repurchase up to $75 million of stock expires in February 2026.

The following table presents a reconciliation of total to net shares outstanding as of September 30, 2025.

Total shares outstanding		132,204,305
Less unallocated Employee Stock Ownership Plan ("ESOP") shares and unvested restricted stock		(2,644,392	)
Net shares outstanding		129,559,913

Capitol Federal Financial, Inc. is the holding company for the Bank. As of September 30, 2025, the Bank had 46 branch locations in Kansas and Missouri and is one of the largest residential lenders in the State of Kansas. News and other information about the Company can be found at the Bank's website, http://www.capfed.com.

Forward-Looking Statements

Except for the historical information contained in this press release, the matters discussed herein may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about our beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions. The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties, including: changes in policies or the application or interpretation of laws and regulations by regulatory agencies and tax authorities; other governmental initiatives affecting the financial services industry; changes in accounting principles, policies or guidelines; fluctuations in interest rates and the effects of inflation or a potential recession, whether caused by Federal Reserve action or otherwise; the potential imposition of new or increased tariffs or changes to existing trade policies that could affect economic activity or specific industry sectors; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor or depositor sentiment; demand for loans in the Company's market areas; the future earnings and capital levels of the Bank and the impact of potential pre-1988 bad debt recapture, which could affect the ability of the Company to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by the Company with the Securities and Exchange Commission. Actual results may differ materially from those currently expected. These forward-looking statements represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.

SUPPLEMENTAL FINANCIAL INFORMATION

CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY
CONSOLIDATED BALANCE SHEETS (Unaudited)
(Dollars in thousands, except per share amounts)
		September 30,				June 30,				September 30,
		2025				2025				2024
ASSETS:
Cash and cash equivalents (includes interest-earning deposits of $229,566, $150,552 and $192,138)		$	252,443			$	174,965			$	217,307
AFS securities, at estimated fair value (amortized cost of $847,369, $933,360 and $829,852)			867,216				956,229				856,266
Loans receivable, net (ACL of $24,039, $22,808 and $23,035)			8,111,961				8,023,554				7,907,338
FHLB stock, at cost			90,662				98,225				101,175
Premises and equipment, net			89,314				88,967				91,463
Income taxes receivable, net			220				1,070				359
Deferred income tax assets, net			23,826				21,399				21,978
Other assets			343,059				328,330				331,722
TOTAL ASSETS		$	9,778,701			$	9,692,739			$	9,527,608
LIABILITIES:
Deposits		$	6,591,448			$	6,431,137			$	6,129,982
Borrowings			1,950,770				2,071,585				2,179,564
Advances by borrowers			65,416				38,857				61,801
Deferred income tax liabilities, net			2,056				—				—
Other liabilities			121,334				105,002				123,991
Total liabilities			8,731,024				8,646,581				8,495,338
STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value; 100,000,000 shares authorized, no shares issued or outstanding			—				—				—
Common stock, $0.01 par value; 1,400,000,000 shares authorized, 132,204,305, 132,800,865 and 132,735,565 shares issued and outstanding as of September 30, 2025, June 30, 2025, and September 30, 2024, respectively			1,322				1,328				1,327
Additional paid-in capital			1,142,711				1,146,648				1,146,851
Unearned compensation, ESOP			(24,780	)			(25,193	)			(26,431	)
Accumulated deficit			(87,331	)			(95,078	)			(111,104	)
Accumulated other comprehensive income, net of tax			15,755				18,453				21,627
Total stockholders' equity			1,047,677				1,046,158				1,032,270
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	9,778,701			$	9,692,739			$	9,527,608

CAPITOL FEDERAL FINANCIAL, INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)
(Dollars in thousands)
		For the Three Months Ended								For the Year Ended
		September 30,				June 30,				September 30,
		2025				2025				2025				2024
INTEREST AND DIVIDEND INCOME:
Loans receivable		$	87,343			$	82,914			$	332,518			$	308,707
MBS			11,808				12,163				46,259				33,650
FHLB stock			2,163				2,197				8,997				10,009
Cash and cash equivalents			2,148				1,620				8,368				15,728
Investment securities			582				784				3,377				8,749
Total interest and dividend income			104,044				99,678				399,519				376,843
INTEREST EXPENSE:
Deposits			37,204				35,860				146,262				139,549
Borrowings			18,057				18,360				72,946				75,233
Total interest expense			55,261				54,220				219,208				214,782
NET INTEREST INCOME			48,783				45,458				180,311				162,061
PROVISION FOR CREDIT LOSSES			519				(451	)			745				1,259
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES			48,264				45,909				179,566				160,802
NON-INTEREST INCOME:
Deposit service fees			2,873				2,867				11,043				10,562
Insurance commissions			1,018				884				3,605				3,257
Net loss from securities transactions			—				—				—				(13,345	)
Other non-interest income			1,900				1,537				6,077				4,770
Total non-interest income			5,791				5,288				20,725				5,244
NON-INTEREST EXPENSE:
Salaries and employee benefits			15,936				15,277				60,383				52,272
Information technology and related expense			5,053				5,163				19,690				20,324
Occupancy, net			3,292				3,270				13,397				13,558
Regulatory and outside services			1,590				1,261				5,433				5,743
Advertising and promotional			1,915				1,453				4,950				4,264
Federal insurance premium			1,114				1,072				4,319				6,052
Deposit and loan transaction costs			658				715				2,843				2,719
Office supplies and related expense			490				370				1,696				1,691
Other non-interest expense			970				983				4,559				5,320
Total non-interest expense			31,018				29,564				117,270				111,943
INCOME BEFORE INCOME TAX EXPENSE			23,037				21,633				83,021				54,103
INCOME TAX EXPENSE			4,224				3,251				14,996				16,093
NET INCOME		$	18,813			$	18,382			$	68,025			$	38,010

Average Balance Sheets

The following tables present the average balances of our assets, liabilities, and stockholders' equity, and the related annualized weighted average yields and rates on our interest-earning assets and interest-bearing liabilities for the periods indicated, as well as selected performance ratios and other information for the periods shown. Weighted average yields are derived by dividing annualized income by the average balance of the related assets, and weighted average rates are derived by dividing annualized expense by the average balance of the related liabilities, for the periods shown. Average outstanding balances are derived from average daily balances. The weighted average yields and rates include amortization of fees, costs, premiums and discounts, which are considered adjustments to yields/rates. Weighted average yields on tax-exempt securities are not calculated on a fully taxable equivalent basis.

		For the Three Months Ended
		September 30, 2025											June 30, 2025
		Average				Interest							Average				Interest
		Outstanding				Earned/				Yield/			Outstanding				Earned/				Yield/
		Amount				Paid				Rate			Amount				Paid				Rate
		(Dollars in thousands)
Assets:
Interest-earning assets:
One- to four-family loans:
Originated		$	3,794,781			$	36,521			3.85	%		$	3,838,361			$	36,340			3.79	%
Purchased			2,167,994				17,668			3.26				2,232,868				18,454			3.31
Total one- to four-family loans			5,962,775				54,189			3.63				6,071,229				54,794			3.61
Commercial loans:
Commercial real estate			1,670,205				24,317			5.70				1,496,569				20,669			5.46
Commercial and industrial			196,992				3,515			6.98				143,479				2,478			6.83
Commercial construction			182,855				3,050			6.53				174,407				2,778			6.30
Total commercial loans			2,050,052				30,882			5.89				1,814,455				25,925			5.65
Consumer loans			113,979				2,272			7.91				110,809				2,195			7.95
Total loans receivable(1)			8,126,806				87,343			4.27				7,996,493				82,914			4.13
MBS(2)			860,833				11,808			5.49				884,321				12,163			5.50
Investment securities(2)(3)			45,467				582			5.13				60,319				784			5.19
FHLB stock			94,288				2,163			9.10				96,564				2,197			9.13
Cash and cash equivalents			192,755				2,148			4.36				145,579				1,620			4.40
Total interest-earning assets			9,320,149				104,044			4.43				9,183,276				99,678			4.33
Other non-interest-earning assets			468,378											455,441
Total assets		$	9,788,527										$	9,638,717
Liabilities and stockholders' equity:
Interest-bearing liabilities:
Checking		$	869,328				497			0.23			$	883,428				497			0.23
High yield savings			427,416				4,229			3.93				352,815				3,606			4.10
Other savings			428,106				81			0.07				438,821				77			0.07
Money market			1,244,320				4,037			1.29				1,220,567				3,700			1.22
Retail certificates			2,787,294				26,596			3.79				2,739,886				26,481			3.88
Commercial certificates			60,637				553			3.62				59,586				557			3.75
Wholesale certificates			118,066				1,211			4.07				91,645				942			4.12
Total deposits			5,935,167				37,204			2.49				5,786,748				35,860			2.49
Total interest-bearing liabilities			7,962,253				55,261			2.75				7,872,444				54,220			2.76
Non-interest-bearing deposits			587,128											564,913
Other non-interest-bearing liabilities			189,471											159,035
Stockholders' equity			1,049,675											1,042,325
Total liabilities and stockholders' equity		$	9,788,527										$	9,638,717
Net interest income(4)						$	48,783										$	45,458
Net interest-earning assets		$	1,357,896										$	1,310,832
Net interest margin(5)										2.09											1.98
Ratio of interest-earning assets to interest-bearing liabilities										1.17x											1.17x
Selected performance ratios:
Return on average assets (annualized)(6)(10)										0.77	%										0.76	%
Return on average equity (annualized)(7)(10)										7.17											7.05
Average equity to average assets										10.72											10.81
Operating expense ratio (annualized)(8)										1.27											1.23
Efficiency ratio(9)(10)										56.84											58.26

		For the Year Ended September 30,
		2025											2024
		Average				Interest							Average				Interest
		Outstanding				Earned/				Yield/			Outstanding				Earned/				Yield/
		Amount				Paid				Rate			Amount				Paid				Rate
		(Dollars in thousands)
Assets:
Interest-earning assets:
One- to four-family loans:
Originated		$	3,859,371			$	145,552			3.77	%		$	3,984,971			$	142,011			3.56	%
Purchased			2,256,624				73,932			3.28				2,473,301				79,492			3.21
Total one- to four-family loans			6,115,995				219,484			3.59				6,458,272				221,503			3.43
Commercial loans:
Commercial real estate			1,452,288				82,426			5.60				1,074,424				59,154			5.42
Commercial and industrial			151,126				10,396			6.78				119,156				7,897			6.52
Commercial construction			176,620				11,333			6.33				184,841				10,991			5.85
Total commercial loans			1,780,034				104,155			5.77				1,378,421				78,042			5.57
Consumer loans			111,402				8,879			7.97				107,357				9,162			8.53
Total loans receivable(1)			8,007,431				332,518			4.13				7,944,050				308,707			3.87
MBS(2)			834,345				46,259			5.54				619,521				33,650			5.43
Investment securities(2)(3)			63,650				3,377			5.31				180,640				8,749			4.84
FHLB stock			97,054				8,997			9.27				106,064				10,009			9.44
Cash and cash equivalents			185,052				8,368			4.46				286,988				15,728			5.39
Total interest-earning assets			9,187,532				399,519			4.33				9,137,263				376,843			4.11
Other non-interest-earning assets			460,405											460,278
Total assets		$	9,647,937										$	9,597,541
Liabilities and stockholders' equity:
Interest-bearing liabilities:
Checking		$	874,377				2,010			0.23			$	873,097				1,978			0.23
High yield savings			283,605				11,492			4.05				31,345				1,297			4.14
Other savings			437,766				335			0.08				462,111				529			0.11
Money market			1,237,612				15,643			1.26				1,302,817				22,333			1.71
Retail certificates			2,782,181				110,813			3.98				2,680,003				106,204			3.96
Commercial certificates			58,675				2,318			3.95				54,484				2,247			4.12
Wholesale certificates			86,457				3,651			4.22				109,217				4,961			4.54
Total deposits			5,760,673				146,262			2.54				5,513,074				139,549			2.53
Borrowings			2,108,626				72,946			3.46				2,338,222				75,233			3.21
Total interest-bearing liabilities			7,869,299				219,208			2.78				7,851,296				214,782			2.73
Non-interest-bearing deposits			562,084											533,821
Other non-interest-bearing liabilities			177,178											180,979
Stockholders' equity			1,039,376											1,031,445
Total liabilities and stockholders' equity		$	9,647,937										$	9,597,541
Net interest income(4)						$	180,311										$	162,061
Net interest-earning assets		$	1,318,233										$	1,285,967
Net interest margin(5)										1.96											1.77
Ratio of interest-earning assets to interest-bearing liabilities										1.17x											1.16x
Selected performance ratios:
Return on average assets(6)(10)										0.71	%										0.40	%
Return on average equity(7)(10)										6.54											3.69
Average equity to average assets										10.77											10.75
Operating expense ratio(8)										1.22											1.17
Efficiency ratio(9)(10)										58.33											66.91

(1)		Balances are adjusted for unearned loan fees and deferred costs. Loans that are 90 or more days delinquent are included in the loans receivable average balance with a yield of zero percent.
(2)		AFS security yields are based upon amortized cost which is adjusted for premiums and discounts.
(3)		There were no nontaxable securities included in the average balance of investment securities for the quarters ended September 30, 2025 and June 30, 2025, or for the year ended September 30, 2025. The average balance of investment securities includes an average balance of nontaxable securities of $51 thousand for the year ended September 30, 2024.
(4)		Net interest income represents the difference between interest income earned on interest-earning assets and interest paid on interest-bearing liabilities. Net interest income depends on the average balance of interest-earning assets and interest-bearing liabilities, and the interest rates earned or paid on them.
(5)		Net interest margin represents annualized net interest income as a percentage of average interest-earning assets. Management believes the net interest margin is important to investors as it is a profitability measure for financial institutions.
(6)		Return on average assets represents annualized net income as a percentage of total average assets. Management believes that the return on average assets is important to investors as it shows the Company's profitability in relation to the Company's average assets.
(7)		Return on average equity represents annualized net income as a percentage of total average equity. Management believes that the return on average equity is important to investors as it shows the Company's profitability in relation to the Company's average equity.
(8)		The operating expense ratio represents annualized non-interest expense as a percentage of average assets. Management believes the operating expense ratio is important to investors as it provides insight into how efficiently the Company is managing its expenses in relation to its assets. It is a financial measurement ratio that does not take into consideration changes in interest rates.
(9)		The efficiency ratio represents non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. Management believes the efficiency ratio is important to investors as it is a measure of a financial institution's total non-interest expense as a percentage of the sum of net interest income (pre-provision for credit losses) and non-interest income. A lower value generally indicates that it is costing the financial institution less money to generate revenue, related to its net interest margin and non-interest income.
(10)		The table below provides a reconciliation between performance measures presented in accordance with accounting standards generally accepted in the United States of America ("GAAP") and the same performance measures excluding the impact of the net loss on the securities transactions associated with the securities strategy, which are not presented in accordance with GAAP. The securities strategy was non-recurring in nature; therefore, management believes it is meaningful to investors to present certain financial measures excluding the securities strategy to better evaluate the Company's core operations. See information regarding the securities strategy in "Comparison of Operating Results for the Years Ended September 30, 2025 and 2024 - Securities Strategy to Improve Earnings".

						For the Year Ended September 30, 2024
														Excluding
														Securities
						Actual				Securities				Strategy
						(GAAP)				Strategy				(Non-GAAP)
				Return on average assets			0.40	%			(0.10	%)			0.50	%
				Return on average equity			3.69				(0.97	)			4.66
				Efficiency Ratio			66.91				4.94				61.97
				Earnings per share(11)		$	0.29			$	(0.08	)		$	0.37

(11)

Earnings per share is calculated as net income divided by average shares outstanding. Management believes earnings per share is an important measure to investors as it shows the Company's earnings in relation to the Company's outstanding shares.

Loan Portfolio

The following table presents information related to the composition of our loan portfolio in terms of dollar amounts, weighted average rates, and percentage of total as of the dates indicated.

		September 30, 2025										June 30, 2025										September 30, 2024
									% of										% of										% of
		Amount				Rate			Total			Amount				Rate			Total			Amount				Rate			Total
		(Dollars in thousands)
One- to four-family:
Originated		$	3,774,134			3.78	%		46.4	%		$	3,828,171			3.74	%		47.6	%		$	3,941,952			3.60	%		49.8	%
Purchased			2,114,447			3.49			26.0				2,175,455			3.48			27.0				2,339,748			3.44			29.5
Construction			16,054			6.17			0.2				14,860			6.27			0.2				22,970			6.05			0.3
Total			5,904,635			3.68			72.6				6,018,486			3.65			74.8				6,304,670			3.55			79.6
Commercial:
Commercial real estate			1,709,990			5.82			21.0				1,561,691			5.76			19.4				1,191,624			5.43			15.0
Commercial and industrial			210,119			6.92			2.6				184,390			6.94			2.3				129,678			6.66			1.6
Commercial construction			195,886			6.42			2.4				165,760			6.39			2.1				187,676			6.40			2.4
Total			2,115,995			5.98			26.0				1,911,841			5.93			23.8				1,508,978			5.65			19.0
Consumer loans:
Home equity			104,809			8.15			1.3				103,564			8.17			1.3				99,988			8.90			1.3
Other			8,436			5.55			0.1				9,109			5.83			0.1				9,615			5.72			0.1
Total			113,245			7.96			1.4				112,673			7.99			1.4				109,603			8.62			1.4
Total loans receivable			8,133,875			4.34			100.0	%			8,043,000			4.25			100.0	%			7,923,251			4.02			100.0	%
Less:
ACL			24,039										22,808										23,035
Deferred loan fees/discounts			31,268										31,159										30,336
Premiums/deferred costs			(33,393	)									(34,521	)									(37,458	)
Total loans receivable, net		$	8,111,961									$	8,023,554									$	7,907,338

Loan Activity: The following table summarizes activity in the loan portfolio, along with weighted average rates where applicable, for the periods indicated, excluding changes in ACL, deferred loan fees/discounts, and premiums/deferred costs. Loans that were paid off as a result of refinances are included in repayments. Loan endorsements are not included in the activity in the following table because a new loan is not generated at the time of the endorsement. The endorsed balance and rate are included in the ending loan portfolio balance and rate. Commercial loan renewals are not included in the activity presented in the following table unless new funds are disbursed at the time of renewal. The renewal balance and rate are included in the ending loan portfolio balance and rate.

		For the Three Months Ended							For the Year Ended
		September 30, 2025							September 30, 2025
		Amount				Rate			Amount				Rate
		(Dollars in thousands)
Beginning balance		$	8,043,000			4.25	%		$	7,923,251			4.02	%
Originated and refinanced			339,247			6.59				1,149,469			6.80
Purchased and participations			11,952			6.85				104,431			7.10
Change in undisbursed loan funds			11,760							(14,556	)
Repayments			(271,802	)						(1,026,401	)
Principal (charge-offs)/recoveries, net			(66	)						(198	)
Other			(216	)						(2,121	)
Ending balance		$	8,133,875			4.34			$	8,133,875			4.34

One- to Four-Family Loans: The following table presents, for our portfolio of one- to four-family loans, the amount, percent of total, weighted average rate, weighted average credit score, weighted average LTV ratio, and average balance per loan as of September 30, 2025. Credit scores were updated in September 2025 from a nationally recognized consumer rating agency. The LTV ratios were based on the current loan balance and either the lesser of the purchase price or original appraisal, or the most recent Bank appraisal, if available. In most cases, the most recent appraisal was obtained at the time of origination.

						% of						Credit						Average
		Amount				Total			Rate			Score			LTV			Balance
		(Dollars in thousands)
Originated		$	3,774,134			63.9	%		3.78	%		770			58	%		$	170
Purchased			2,114,447			35.8			3.49			768			60				382
Construction			16,054			0.3			6.17			775			45				334
		$	5,904,635			100.0			3.68			769			59				213

The following table presents origination and refinance activity for our one- to four-family loan portfolio, excluding endorsement activity, along with the weighted average rate, weighted average LTV and weighted average credit score for the time periods presented. As of September 30, 2025, the Bank had one- to four-family loan and refinance commitments totaling $42.0 million at a weighted average rate of 6.29%.

For the Three Months Ended													For the Year Ended
September 30, 2025													September 30, 2025
										Credit													Credit
Amount				Rate			LTV			Score			Amount				Rate			LTV			Score
(Dollars in thousands)
$	69,577			6.26	%		74	%		771			$	291,266			6.17	%		74	%		768

Commercial Loans: The table below presents commercial loan origination and participation activity for the time periods presented, along with weighted average LTV and weighted average DSCR. For commercial real estate and commercial construction loans, the LTV ratio is calculated using the gross loan amount (composed of unpaid principal and undisbursed amounts) and the collateral value at the time of origination. For existing real estate, the "as is" value is used. If the property is to be constructed, the "as completed" value of the collateral is utilized. The DSCR is calculated based on historical borrower performance, or projected borrower performance for newly formed entities with no performance history.

		For the Three Months Ended September 30, 2025
		Originated							Participation							Total							Weighted			Weighted
		Amount				Rate			Amount				Rate			Amount				Rate			LTV			DSCR
		(Dollars in thousands)
Commercial real estate		$	187,667			6.45	%		$	—			—	%		$	187,667			6.45	%		74	%		1.62	x
Commercial and industrial			31,903			6.88				—			—				31,903			6.88			N/A			2.71
Commercial construction			31,622			7.04				11,952			6.85				43,574			6.99			72			1.20
		$	251,192			6.58			$	11,952			6.85			$	263,144			6.59			74			1.68

		For the Year Ended September 30, 2025
		Originated							Participation							Total							Weighted			Weighted
		Amount				Rate			Amount				Rate			Amount				Rate			LTV			DSCR
		(Dollars in thousands)
Commercial real estate		$	493,115			6.74	%		$	35,726			7.02	%		$	528,841			6.76	%		62	%		1.66	x
Commercial and industrial			176,964			7.26				900			7.25				177,864			7.26			N/A			2.32
Commercial construction			127,387			7.22				67,805			7.14				195,192			7.19			75			1.50
		$	797,466			6.93			$	104,431			7.10			$	901,897			6.95			65			1.76

The following table presents commercial loan disbursements, excluding lines of credit, during the year ended September 30, 2025.

		Amount				Rate
		(Dollars in thousands)
Commercial real estate		$	533,719			6.64	%
Commercial and industrial			107,841			7.31
Commercial construction			211,824			6.68
		$	853,384			6.73

The following table presents the Bank's commercial real estate and commercial construction loans by type of primary collateral as of the dates indicated. Management anticipates fully funding the majority of the undisbursed amounts, as most are not cancellable by the Bank.

		September 30, 2025															June 30, 2025				September 30, 2024
					Unpaid				Undisbursed				Gross Loan				Gross Loan				Gross Loan
		Count			Principal				Amount				Amount				Amount				Amount
					(Dollars in thousands)
Hotel		28			$	545,782			$	57,342			$	603,124			$	585,080			$	323,396
Senior housing		52				464,611				19,348				483,959				357,573				332,334
Multi-family		34				262,414				102,902				365,316				356,347				359,707
Retail building		134				285,159				49,506				334,665				320,377				316,261
Office building		75				131,316				4,742				136,058				129,297				127,961
One- to four-family property		316				66,112				4,308				70,420				70,648				63,416
Warehouse/manufacturing		45				55,181				3,672				58,853				56,987				34,656
Land		25				34,829				776				35,605				34,728				32,943
Single use building		26				33,456				262				33,718				34,109				43,438
Other		34				27,016				1,176				28,192				26,709				29,070
		769			$	1,905,876			$	244,034			$	2,149,910			$	1,971,855			$	1,663,182
Weighted average rate						5.88	%			6.90	%			5.99	%			5.96	%			5.77	%

The following table presents the unpaid principal balance of non-owner occupied and owner occupied loans within the Bank's commercial real estate loan portfolio as of the dates indicated.

		September 30, 2025			June 30, 2025			September 30, 2024
		(Dollars in thousands)
Non-owner occupied		$ 1,271,905			$ 1,135,243			$ 886,101
Owner occupied		$ 167,925			$ 163,745			165,334

The following table presents management's funding expectations for the Bank's commercial real estate and commercial construction undisbursed amounts and commitments outstanding as of September 30, 2025. Due to the nature of a revolving line of credit, management is unable to project funding expectations for those balances, so those amounts are presented separately.

		Projected Disbursements for the Quarters Ending
		December 31, 2025				March 31, 2026				June 30, 2026				Thereafter				Revolving Lines of Credit				Total
		(Dollars in thousands)
Undisbursed amounts		$	75,856			$	61,735			$	50,395			$	48,684			$	7,364			$	244,034
Commitments			39,606				9,250				27,000				85,038				—				160,894
		$	115,462			$	70,985			$	77,395			$	133,722			$	7,364			$	404,928
Weighted average rate			6.71	%			6.97	%			6.94	%			6.89	%			7.32	%			6.87	%

The following table summarizes the Bank's commercial real estate and commercial construction loans by the state in which the collateral is located, as of the dates indicated.

		September 30, 2025															June 30, 2025				September 30, 2024
					Unpaid				Undisbursed				Gross Loan				Gross Loan				Gross Loan
		Count			Principal				Amount				Amount				Amount				Amount
					(Dollars in thousands)
Kansas		562			$	738,887			$	60,940			$	799,827			$	723,192			$	713,437
Missouri		125				305,078				49,694				354,772				310,569				313,146
Texas		21				289,481				23,324				312,805				318,484				348,066
Arizona		6				105,934				16,495				122,429				122,434				15,452
New York		2				109,828				—				109,828				110,000				60,000
California		5				90,256				6,592				96,848				95,318				15,040
Colorado		13				58,341				25,858				84,199				60,920				50,017
Tennessee		4				41,495				15,286				56,781				40,439				35,973
Nebraska		7				17,068				27,139				44,207				38,366				32,422
Other		24				149,508				18,706				168,214				152,133				79,629
		769			$	1,905,876			$	244,034			$	2,149,910			$	1,971,855			$	1,663,182

The following table presents the Bank's commercial real estate and commercial construction loans by unpaid principal balance, aggregated by type of primary collateral and state, along with weighted average LTV and weighted average DSCR as of September 30, 2025. The LTV is calculated using the gross loan amount (composed of unpaid principal and undisbursed amounts) as of September 30, 2025 and the most current collateral value available, which is most often the value at origination/purchase. The DSCR is calculated at the time of origination and is updated at the time of subsequent loan renewals, financial reviews (for applicable loans and lending relationships), and any other time management is aware of changes that may impact the DSCR. The DSCR presented in the table below is based on the DSCR at the time of origination unless an updated DSCR has been calculated or the loan has reached the end of its stabilization period. In general, commercial borrowers with total loans of $2.5 million or more are reviewed at least annually to monitor financial performance.

		Kansas				Missouri				Texas				New York				Arizona				California				Other				Total
		(Dollars in thousands)
Hotel		$	41,385			$	18,059			$	141,960			$	109,828			$	102,093			$	85,935			$	46,522			$	545,782
Senior housing			249,912				142,168				—				—				—				—				72,531				464,611
Retail building			91,574				44,050				66,714				—				—				—				82,821				285,159
Multi-family			185,815				48,318				20,000				—				—				—				8,281				262,414
Office building			57,441				7,945				59,907				—				142				—				5,881				131,316
One- to four-family property			44,922				4,592				—				—				3,325				1,620				11,653				66,112
Warehouse/manufacturing			35,269				16,729				—				—				—				—				3,183				55,181
Land			7,039				153				900				—				—				—				26,737				34,829
Single use building			12,126				18,255				—				—				374				2,701				—				33,456
Other			13,404				4,809				—				—				—				—				8,803				27,016
		$	738,887			$	305,078			$	289,481			$	109,828			$	105,934			$	90,256			$	266,412			$	1,905,876
Weighted LTV			66	%			68	%			52	%			47	%			51	%			50	%			66	%			61	%
Weighted DSCR		1.84x				1.54x				1.41x				1.55x				1.44x				1.49x				1.69x				1.65x

The following table presents the unpaid principal balance of the Bank's commercial real estate and commercial construction loans aggregated by type of primary collateral, along with weighted average rate, LTV, and DSCR as of September 30, 2025.

					Unpaid				Weighted			Weighted			Weighted
		Count			Principal				Rate			LTV			DSCR
		(Dollars in thousands)
Hotel		28			$	545,782			6.46	%		52	%		1.32	x
Senior housing		52				464,611			5.11			73			1.52
Retail building		134				285,159			5.32			60			2.02
Multi-family		34				262,414			6.09			64			1.27
Office building		75				131,316			6.44			53			1.94
One- to four-family property		316				66,112			6.08			57			2.42
Warehouse/manufacturing		45				55,181			6.28			65			2.40
Land		25				34,829			6.53			68			3.95
Single use building		26				33,456			6.17			62			1.94
Other		34				27,016			5.84			54			2.05
		769			$	1,905,876			5.88			61			1.65

The following table presents the Bank's commercial real estate and construction loans, including unpaid principal and undisbursed amounts, along with outstanding loan commitments as of September 30, 2025, categorized by aggregate gross loan and commitment amount, along with average loan amount, and weighted average rate, LTV, and DSCR. For loans over $50.0 million, there were $266.5 million related to hotels in Arizona, California, New York, and Texas, $143.1 million related to multi-family properties in Kansas, and $59.5 million related to an office building in Texas.

					Gross Loan
					and Commitment				Average				Weighted			Weighted			Weighted
		Count			Amounts				Amount				Rate			LTV			DSCR
		(Dollars in thousands)
Greater than $50 million		7			$	469,057			$	67,008			6.31	%		54	%		1.37	x
>$30 to $50 million		11				415,669				37,788			6.10			63			1.34
>$20 to $30 million		16				384,413				24,026			6.22			66			1.30
>$15 to $20 million		11				188,214				17,110			6.39			66			1.26
>$10 to $15 million		15				183,798				12,253			6.24			70			1.77
>$5 to $10 million		36				255,724				7,103			5.52			70			1.76
$1 to $5 million		126				295,633				2,346			5.38			59			2.02
Less than $1 million		556				118,296				213			6.29			53			3.20
		778			$	2,310,804				2,970			6.05			62			1.60

The following table summarizes the Bank's commercial and industrial loans by loan purpose as of the dates indicated. Of the $301.9 million of commercial and industrial loans at September 30, 2025, 63%, or $190.2 million, had a gross loan balance of $5 million or more. The largest commercial and industrial lending relationship at September 30, 2025 had a gross loan balance of $81.7 million, which represented 27% of the gross commercial and industrial loan balance at September 30, 2025. In addition, the Bank had four commercial and industrial loan commitments totaling $15.7 million, with a weighted average rate of 7.03%, at September 30, 2025. No commitments are presented in the table below. The recent growth in this portfolio aligns with the Bank's strategy to grow all aspects of commercial banking. Management anticipates growth will continue in the commercial and industrial loan portfolio but it will likely fluctuate over time due to the nature of these loans.

		September 30, 2025															June 30, 2025				September 30, 2024
					Unpaid				Undisbursed				Gross Loan				Gross Loan				Gross Loan
		Count			Principal				Amount				Amount				Amount				Amount
					(Dollars in thousands)
Working capital		193			$	79,264			$	74,703			$	153,967			$	151,642			$	74,097
Purchase equipment		64				47,043				7,158				54,201				55,646				15,457
Purchase/refinance business assets		47				45,579				4,226				49,805				40,145				37,950
Finance/lease vehicle		190				33,631				2,775				36,406				26,769				28,318
Other		20				4,602				2,906				7,508				6,993				7,735
		514			$	210,119			$	91,768			$	301,887			$	281,195			$	163,557
Weighted average rate						6.92	%			7.10	%			6.97	%			7.03	%			6.89	%

The following table summarizes the Bank's commercial and industrial loans by the state in which the borrower is located, as of September 30, 2025.

		Unpaid				Undisbursed				Gross Loan
		Principal				Amount				Amount
		(Dollars in thousands)
Kansas		$	122,547			$	82,061			$	204,608
Missouri			37,788				170				37,958
Arizona			12,099				—				12,099
Ohio			5,865				4,135				10,000
California			7,882				2,000				9,882
Other			23,938				3,402				27,340
		$	210,119			$	91,768			$	301,887

The following table presents the Bank's commercial and industrial loan portfolio, including unpaid principal and undisbursed amounts, along with outstanding loan commitments as of September 30, 2025, categorized by aggregate gross loan and commitment amounts and average loan amount. For loans over $15.0 million, there was $54.7 million related to working capital loans in Kansas and $29.9 million related to a loan to purchase equipment in Missouri.

					Gross Loan
					and Commitment				Average
		Count			Amounts				Amount				DSCR
		(Dollars in thousands)
Greater than $15 million		3			$	84,619			$	28,206			1.56	x
>$10 to $15 million		3				36,325				12,108			2.37
>$5 to $10 million		10				79,288				7,929			1.46
>$1 to $5 million		24				55,827				2,326			9.38
>$500 thousand to $1 million		30				21,983				733			4.75
Less than $500 thousand		448				39,574				88			3.87
		518			$	317,616				613			3.51

Asset Quality

The following tables present loans 30 to 89 days delinquent, non-performing loans, and other real estate owned ("OREO") as of the dates indicated. The amounts in the table represent the unpaid principal balance of the loans less related charge-offs, if any. Of the loans 30 to 89 days delinquent at September 30, 2025, approximately 49% were 59 days or less delinquent. Nonaccrual loans are loans that are 90 or more days delinquent or in foreclosure and other loans required to be reported as nonaccrual pursuant to accounting and/or regulatory reporting requirements and/or internal policies, even if the loans are current. Non-performing assets include nonaccrual loans and OREO. The increase in nonaccrual commercial real estate loans from March 31, 2025 to June 30, 2025 and September 30, 2025 was due primarily to two participation loans related to the same borrowing relationship that were moved to substandard during the June 30, 2025 quarter. See the asset classification discussion below for additional information regarding these loans.

		Loans Delinquent for 30 to 89 Days at:
		September 30, 2025							June 30, 2025							March 31, 2025							December 31, 2024							September 30, 2024
		Number			Amount				Number			Amount				Number			Amount				Number			Amount				Number			Amount
		(Dollars in thousands)
One- to four-family:
Originated		68			$	7,338			77			$	9,617			73			$	8,072			79			$	9,768			69			$	8,884
Purchased		13				3,221			15				2,958			12				3,107			12				3,020			14				3,117
Commercial:
Commercial real estate		7				1,236			6				1,654			5				2,472			7				18,373			11				2,996
Commercial and industrial		1				32			8				1,166			2				348			1				125			4				391
Consumer		22				520			27				634			24				441			35				679			35				642
		111			$	12,347			133			$	16,029			116			$	14,440			134			$	31,965			133			$	16,030
30 to 89 days delinquent loans to total loans receivable, net						0.15	%						0.20	%						0.18	%						0.40	%						0.20	%

		Non-Performing Loans and OREO at:
		September 30, 2025							June 30, 2025							March 31, 2025							December 31, 2024							September 30, 2024
		Number			Amount				Number			Amount				Number			Amount				Number			Amount				Number			Amount
		(Dollars in thousands)
Loans 90 or More Days Delinquent or in Foreclosure:
One- to four-family:
Originated		29			$	2,754			23			$	2,168			30			$	2,814			26			$	2,338			29			$	2,274
Purchased		6				1,524			6				1,875			10				2,585			12				5,099			13				5,559
Commercial:
Commercial real estate		11				3,123			12				3,387			11				3,315			7				2,038			7				1,163
Commercial and industrial		2				210			5				412			4				376			3				309			2				82
Consumer		10				94			12				176			19				473			22				356			20				436
		58				7,705			58				8,018			74				9,563			70				10,140			71				9,514
Loans 90 or more days delinquent or in foreclosure as a percentage of total loans						0.09	%						0.10	%						0.12	%						0.13	%						0.12	%
Nonaccrual loans less than 90 Days Delinquent:(1)
Commercial:
Commercial real estate		3			$	40,249			3			$	40,338			5			$	1,128			6			$	1,096			3			$	326
Commercial and industrial		2				109			1				97			2				142			1				125			2				252
		5				40,358			4				40,435			7				1,270			7				1,221			5				578
Total nonaccrual loans		63				48,063			62				48,453			81				10,833			77				11,361			76				10,092
Nonaccrual loans as a percentage of total loans						0.59	%						0.60	%						0.14	%						0.14	%						0.13	%
OREO:
One- to four-family:
Originated(2)		1			$	62			1			$	92			—			$	—			—			$	—			1			$	55
Consumer		1				135			—				—			—				—			—				—			—				—
		2				197			1				92			—				—			—				—			1				55
Total non-performing assets		65			$	48,260			63			$	48,545			81			$	10,833			77			$	11,361			77			$	10,147
Non-performing assets as a percentage of total assets						0.49	%						0.50	%						0.11	%						0.12	%						0.11	%

(1)		Includes loans required to be reported as nonaccrual pursuant to internal policies even if the loans are current.
(2)		Real estate-related consumer loans where we also hold the first mortgage are included in the one- to four-family category as the underlying collateral is one- to four-family property.

The following table presents the amortized cost of loans classified as special mention or substandard at the dates presented. See below for further discussion on the changes in commercial real estate loan classifications across periods.

		September 30, 2025								June 30, 2025								September 30, 2024
		Special Mention				Substandard				Special Mention				Substandard				Special Mention				Substandard
		(Dollars in thousands)
One- to four-family		$	13,055			$	20,616			$	12,583			$	21,524			$	17,528			$	22,715
Commercial:
Commercial real estate			59,993				45,550				8,111				84,771				16,169				2,302
Commercial and industrial			399				473				882				1,201				413				335
Consumer			326				322				365				323				326				487
		$	73,773			$	66,961			$	21,941			$	107,819			$	34,436			$	25,839

Special Mention: The increase in commercial real estate special mention loans at September 30, 2025 compared to June 30, 2025 was due mainly to a $36.3 million hotel participation loan that moved from substandard at June 30, 2025 to special mention at September 30, 2025, as well as to a $15.3 million Community Reinvestment Act ("CRA") loan that was classified as special mention at September 30, 2025.

The $36.3 million hotel participation loan improved from substandard to special mention during the current quarter due to actions taken by the borrower to strengthen the credit, along with continued improvement in the occupancy and cashflow of the related property. As of September 30, 2025, the loan was not delinquent and the Bank's LTV was 44% based on an appraisal completed approximately two years ago. The $15.3 million CRA loan was classified as special mention during the current quarter because the underlying property has been slow to stabilize and the borrower was delinquent on payments during the current fiscal year; however, the loan has not been 90 or more days delinquent since origination and was not delinquent at September 30, 2025. Based on the original appraisal completed approximately four years ago, the Bank's LTV was 76% as of September 30, 2025.

Substandard: The increase in substandard commercial real estate loans at September 30, 2025 compared to September 30, 2024 was due mainly to two participation loans related to the same borrowing relationship, for $40.2 million as of September 30, 2025 and secured by a hotel. The borrower is working on a recapitalization plan which is anticipated to be completed later in calendar year 2025 or early in calendar year 2026. During the previous quarter, the Bank entered into an agreement with the borrower which allows the borrower to not make payments until later in calendar year 2025 to allow time to complete the recapitalization process. As a result, the loans were considered nonaccrual and classified as substandard as of September 30, 2025 and June 30, 2025. The loans were not delinquent at September 30, 2025 or June 30, 2025 due to the terms of the agreement. As of September 30, 2025, the combined Bank LTV on the loans was 45% based on an appraisal completed in the past six months. The Bank has had a participation relationship with the lead bank of these two loans for over ten years, and the Bank holds the same percentage interest in the loans as the lead bank. Both loans are recourse with a personal guaranty and have strong LTVs. The borrower group (developer, owner and guarantors) are seasoned commercial real estate developers with over 40 years of experience. There have been no charge-offs, nor has management set aside a specific valuation allowance associated with these loans as of September 30, 2025, due to the strong LTVs.

Allowance for Credit Losses: The Bank utilizes a discounted cash flow model for estimating expected credit losses for pooled loans and loan commitments. Expected credit losses are determined by calculating projected future loss rates which are dependent upon forecasted economic indices and applying qualitative factors when deemed appropriate by management. At September 30, 2025, management applied qualitative factors to account for large dollar commercial real estate loan concentrations and potential risk of loss in market value for newer one- to four-family loans. These qualitative factors were applied to account for credit risks not fully reflected in the discounted cash flow model.

In order to model the probabilities of default used in the discounted cash flow model, the model pairs the results of a regression analysis with an economic forecast for each loan pool in the model. The regression analyses are determined by comparing historical loss rates to related economic indices. The historical loss rates are determined by using the Company's historical loss experience, or peer data when the Company's own historical loss rates are not reflective of future loss expectations. During the current year, the Company updated the regression analyses used in the model which resulted in some changes to the amounts and levels of ACL calculated by the model for commercial loans. See additional discussion below. The regression analyses were updated in order to assist management in estimating expected credit losses in the commercial loan portfolio due to growth in this portfolio, including growth in market areas outside of the Bank's local market footprint.

Management applied a qualitative factor for large dollar commercial real estate loan concentrations. The Company's commercial real estate loans generally have low LTVs and strong DSCRs which serve as indicators that losses in the commercial real estate loan portfolios might be unlikely; however, because there is uncertainty surrounding the nature, timing and amount of expected losses, management believes that in the event of a realized loss within the large dollar commercial real estate loan pool, the magnitude of such a loss could be significant. The large dollar commercial real estate loan concentration qualitative factor addresses the risk associated with a large dollar relationship deteriorating due to a loss event. As part of its analysis, management considered external data including historical commercial real estate price index trending information from a variety of sources to help determine the amount of this qualitative factor.

For one- to four-family loans, management believes there is a risk of loss in market value in an economic downturn related to, in particular, newer originations where property values have not experienced price appreciation like more seasoned loans in our portfolio and applied a qualitative factor to account for this risk. To determine the appropriate amount of the one- to four-family loan qualitative factor as of September 30, 2025, management considered external historical home price index trending information, along with historical loan loss experience and portfolio balance trending, the one- to four-family loan portfolio composition with regard to loan size, and management's knowledge of the Bank's loan portfolio and the one- to four-family lending industry.

The distribution of our ACL and the ratio of ACL to loans receivable, by loan type, at the dates indicated is summarized below.

		Distribution of ACL												Ratio of ACL to Loans Receivable
		September 30,				June 30,				September 30,				September 30,			June 30,			September 30,
		2025				2025				2024				2025			2025			2024
		(Dollars in thousands)
One- to four-family		$	3,046			$	3,532			$	3,673			0.05	%		0.06	%		0.06	%
Commercial:
Commercial real estate			15,809				14,362				15,719			0.92			0.92			1.32
Commercial and industrial			2,499				2,441				1,186			1.19			1.32			0.91
Commercial construction			2,468				2,236				2,249			1.26			1.35			1.20
Total commercial			20,776				19,039				19,154			0.98			1.00			1.27
Consumer			217				237				208			0.19			0.21			0.19
Total		$	24,039			$	22,808			$	23,035			0.30			0.28			0.29

The increase in the ratio of the ACL to total loans as of September 30, 2025 from June 30, 2025 and September 30, 2024 was due mainly to changes in the loan portfolio mix due to continued growth in commercial loans which have a higher ACL to total loan ratio than one- to four-family loans. The ratio increase between September 30, 2024 and September 30, 2025 was partially offset by the regression analyses update discussed above. Based on management's evaluation of the credit risk within the Bank's commercial real estate loan portfolio, taking into consideration DSCRs and LTVs, management believes the Bank's ACL ratio for commercial real estate loans is appropriate for the credit risk. See additional discussion regarding the Bank's commercial real estate loan DSCRs and LTVs in the "Loan Portfolio - Commercial Loans" section above.

Historically, the Bank has maintained very low delinquency ratios and net charge-off rates. Over the past two years, the Bank's highest ratio of commercial loans 90 days or more delinquent to total commercial loans at a quarter end was 0.22%. The highest such ratio for one- to four-family originated and correspondent loans, combined, was 0.12%. The amount of total net charge-offs during the current quarter and current fiscal year was $66 thousand and $198 thousand, respectively. The majority of the net charge-offs during the current fiscal year related to one single-family bulk purchased loan. During the 10-year period ended September 30, 2025, the Bank recognized $999 thousand of total net charge-offs. As of September 30, 2025, the ACL balance was $24.0 million and the reserve for off-balance sheet credit exposures totaled $5.5 million, which management believes is adequate for the credit risk characteristics in our loan portfolio.

The following table presents ACL activity and related ratios at the dates and for the periods indicated. The $1.3 million provision for credit losses related to the ACL for the three months ended September 30, 2025 was partially offset by a $778 thousand release of provision for credit losses on the reserve for off-balance sheet credit exposures, which resulted in a provision for credit losses of $519 thousand for the current quarter. On October 1, 2023, the Bank adopted Accounting Standards Update ("ASU") 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures ("ASU 2022-02"), which eliminated the accounting guidance for troubled debt restructurings by creditors. The Company applied a modified retrospective approach when adopting ASU 2022-02, resulting in a cumulative-effect adjustment which is reflected in the table below ("ASU 2022-02 Adoption").

		For the Three Months Ended				For the Year Ended
		September 30, 2025				September 30, 2025				September 30, 2024
		(Dollars in thousands)
Balance at beginning of period		$	22,808			$	23,035			$	23,759
ASU 2022-02 Adoption			—				—				20
Charge-offs:
One- to four-family			(3	)			(116	)			—
Commercial			(62	)			(62	)			(80	)
Consumer			(37	)			(93	)			(80	)
Total charge-offs			(102	)			(271	)			(160	)
Recoveries:
One- to four-family			12				19				28
Commercial			23				46				5
Consumer			1				8				16
Total recoveries			36				73				49
Net (charge-offs) recoveries			(66	)			(198	)			(111	)
Provision for credit losses			1,297				1,202				(633	)
Balance at end of period		$	24,039			$	24,039			$	23,035
Ratio of net charge-offs during the period to average loans outstanding during the period			—	%			—	%			—	%
Ratio of net charge-offs (recoveries) during the period to average non-performing assets			0.14				0.68				1.12
ACL to non-performing loans at end of period			50.02				50.02				228.25
ACL to loans receivable at end of period			0.30				0.30				0.29
ACL to net charge-offs (annualized)		90x				121x				207x

The balance of the reserve for off-balance sheet credit exposures was $5.5 million at September 30, 2025, compared to $6.3 million at June 30, 2025. The decrease of $778 thousand from June 30, 2025 was due primarily to a decrease in commercial off-balance sheet credit exposures. As noted above, the decrease in the reserve for off-balance sheet credit exposures was entirely offset by a $1.3 million provision for credit losses related to the ACL for loans, resulting in a provision for credit losses of $519 thousand for three months ended September 30, 2025.

Securities Portfolio

The following table presents the distribution of our securities portfolio, at amortized cost, at September 30, 2025. Overall, fixed-rate securities comprised 91% of our securities portfolio at September 30, 2025. The weighted average life ("WAL") is the estimated remaining maturity (in years) after three-month historical prepayment speeds and projected call option assumptions have been applied. Weighted average yields on tax-exempt securities are not calculated on a fully tax-equivalent basis.

		Amount				Yield			WAL
		(Dollars in thousands)
MBS		$	843,369			5.45	%		4.8
Corporate bonds			4,000			5.12			6.6
		$	847,369			5.45			4.8

The following table summarizes the activity in our securities portfolio for the periods presented. The weighted average yields for the beginning and ending balances are as of the first and last days of the periods presented and are generally derived from recent prepayment activity on the securities in the portfolio. The beginning and ending WALs are the estimated remaining principal repayment terms (in years) after the most recent three-month historical prepayment speeds and projected call option assumptions have been applied.

		For the Three Months Ended										For the Year Ended
		September 30, 2025										September 30, 2025
		Amount				Yield			WAL			Amount				Yield			WAL
		(Dollars in thousands)
Beginning balance - carrying value		$	956,229			5.47	%		4.6			$	856,266			5.63	%		5.2
Maturities and repayments			(86,796	)									(233,986	)
Net amortization of (premiums)/discounts			805										3,296
Purchases			—			—			—				248,207			4.97			7.5
Change in valuation on AFS securities			(3,022	)									(6,567	)
Ending balance - carrying value		$	867,216			5.45			4.8			$	867,216			5.45			4.8

Deposit Portfolio

The following table presents the amount, weighted average rate, and percent of total for the components of our deposit portfolio at the dates presented. The decrease in the deposit portfolio rate at September 30, 2025 compared to September 30, 2024 was due mainly to lower rates on retail certificates of deposit.

		September 30, 2025										June 30, 2025										September 30, 2024
									% of										% of										% of
		Amount				Rate			Total			Amount				Rate			Total			Amount				Rate			Total
		(Dollars in thousands)
Non-interest-bearing checking		$	601,371			—	%		9.1	%		$	579,595			—	%		9.0	%		$	549,596			—	%		9.0	%
Interest-bearing checking			859,256			0.21			13.0				884,838			0.24			13.8				847,542			0.23			13.8
High yield savings			460,712			3.88			7.0				408,018			3.88			6.4				96,241			4.09			1.6
Other savings			423,942			0.07			6.5				433,188			0.07			6.7				444,331			0.11			7.2
Money market			1,233,487			1.29			18.7				1,203,917			1.22			18.7				1,226,962			1.46			20.0
Certificates of deposit			3,012,680			3.74			45.7				2,921,581			3.81			45.4				2,965,310			4.25			48.4
		$	6,591,448			2.26			100.0	%		$	6,431,137			2.24			100.0	%		$	6,129,982			2.45			100.0	%

The following table presents the amount, weighted average rate, and percent of total for the components of our deposit portfolio, split between retail non-maturity deposits, commercial non-maturity deposits, and certificates of deposit at the dates presented.

		September 30, 2025										June 30, 2025										September 30, 2024
									% of										% of										% of
		Amount				Rate			Total			Amount				Rate			Total			Amount				Rate			Total
		(Dollars in thousands)
Retail non-maturity deposits:
Non-interest-bearing checking		$	409,722			—	%		6.2	%		$	415,066			—	%		6.5	%		$	418,790			—	%		6.8	%
Interest-bearing checking			790,783			0.08			12.0				810,027			0.09			12.6				799,407			0.10			13.0
High yield savings			460,712			3.88			7.0				408,018			3.88			6.4				96,241			4.09			1.6
Other savings			420,330			0.07			6.4				429,778			0.07			6.6				441,265			0.11			7.2
Money market			1,050,841			1.07			15.9				1,088,623			1.07			16.9				1,149,212			1.37			18.7
Total			3,132,388			0.96			47.5				3,151,512			0.91			49.0				2,904,915			0.73			47.4
Commercial non-maturity deposits:
Non-interest-bearing checking			191,649			—			2.9				164,529			—			2.5				130,806			—			2.1
Interest-bearing checking			68,473			1.72			1.0				74,811			1.89			1.2				48,135			2.40			0.8
Savings			3,612			0.05			0.1				3,410			0.05			0.1				3,066			0.05			0.1
Money market			182,646			2.52			2.8				115,294			2.58			1.8				77,750			2.72			1.3
Total			446,380			1.29			6.8				358,044			1.23			5.6				259,757			1.26			4.2
Certificates of deposit:
Retail certificates of deposit			2,828,982			3.73			43.0				2,745,213			3.80			42.7				2,830,579			4.23			46.2
Commercial certificates of deposit			61,819			3.64			0.9				59,695			3.69			0.9				58,236			4.40			1.0
Public unit certificates of deposit			121,879			4.06			1.8				116,673			4.12			1.8				76,495			4.62			1.2
Total			3,012,680			3.74			45.7				2,921,581			3.81			45.4				2,965,310			4.25			48.4
		$	6,591,448			2.26			100.0	%		$	6,431,137			2.24			100.0	%		$	6,129,982			2.45			100.0	%

The following table presents the amount, weighted average rate, and percent of total for total retail deposits, commercial deposits, and public unit certificates of deposit at the dates noted.

		September 30, 2025										June 30, 2025										September 30, 2024
									% of										% of										% of
		Amount				Rate			Total			Amount				Rate			Total			Amount				Rate			Total
		(Dollars in thousands)
Total retail deposits		$	5,961,370			2.28	%		90.5	%		$	5,896,725			2.25	%		91.7	%		$	5,735,494			2.46	%		93.6	%
Total commercial deposits			508,199			1.58			7.7				417,739			1.58			6.5				317,993			1.84			5.2
Public unit certificates of deposit			121,879			4.06			1.8				116,673			4.12			1.8				76,495			4.62			1.2
Total		$	6,591,448			2.26			100.0	%		$	6,431,137			2.24			100.0	%		$	6,129,982			2.45			100.0	%

As of September 30, 2025, approximately $990.2 million (or approximately 15%) of the Bank's Call Report deposit balance was uninsured, of which approximately $567.3 million (or approximately 8% of the Bank's Call Report deposit balance) related to commercial and retail deposit accounts, with the remainder mainly comprised of fully collateralized public unit deposits and intercompany accounts. The uninsured amounts are estimates based on the methodologies and assumptions used for the Bank's regulatory reporting requirements.

Borrowings

The following table presents the maturity of term borrowings, which consist of FHLB advances, along with associated weighted average contractual and effective rates as of September 30, 2025. Amortizing FHLB advances are presented based on their maturity dates versus their quarterly scheduled repayment dates.

Maturity by						Contractual			Effective
Fiscal Year		Amount				Rate			Rate(1)
		(Dollars in thousands)
2026		$	425,000			2.11	%		2.30	%
2027			742,500			3.49			3.56
2028			565,984			4.32			4.12
2029			132,500			4.45			4.45
2030			85,000			4.20			4.20
		$	1,950,984			3.53			3.54

(1)

The effective rate includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid.

The following table presents borrowing activity for the period shown. The borrowings presented in the table have original contractual terms of one year or longer or are tied to interest rate swaps with original contractual terms of one year or longer. Line of credit borrowings and finance leases are excluded from the table. The effective rate is shown as a weighted average and includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The weighted average maturity ("WAM") is the remaining weighted average contractual term in years. The beginning and ending WAMs represent the remaining maturity as of the first and last days of the period presented. During the current year, the Bank prepaid fixed-rate FHLB advances with a weighted average remaining term of 0.6 years totaling $200.0 million with a weighted average contractual interest rate of 4.70% and replaced these advances with $200.0 million of fixed-rate FHLB advances with a weighted average contractual interest rate of 3.83% and a weighted average term of 2.5 years. The weighted average effective interest rate of the new advances was 3.93%, which includes the impact of deferred prepayment penalties being recognized over the life of the new advances. This activity is reflected in the table below.

		For the Three Months Ended										For the Year Ended
		September 30, 2025										September 30, 2025
						Effective										Effective
		Amount				Rate			WAM			Amount				Rate			WAM
		(Dollars in thousands)
Beginning balance		$	2,072,152			3.52	%		1.7			$	2,180,656			3.29	%		1.6
Maturities and repayments			(121,168	)		3.30							(879,672	)		3.39
New FHLB borrowings			—			—			—				650,000			4.13			2.9
Ending balance		$	1,950,984			3.54			1.5			$	1,950,984			3.54			1.5

In October 2025, the Bank refinanced a $50.0 million fixed-rate advance with a weighted average effective rate of 4.03% and a WAL of 0.5 years, and replaced it with a $50.0 million fixed-rate advance with a weighted average effective rate of 3.64% and a WAL of 2.0 years. This transaction resulted in prepayment fees of $11 thousand which will be recognized in interest expense over the life of the new FHLB advance. Following the refinance, the Bank's FHLB advance portfolio totaled $1.95 billion with a weighted average effective rate of 3.53% and a WAL of 1.5 years. Management will continue to monitor opportunities for wholesale funding and may pay down FHLB advances in future periods. The Bank may also renew certain fixed-rate advances in the future using adjustable-rate advances in order to better match the repricing characteristics of its increasing commercial loan portfolio.

Maturities of Interest-Bearing Liabilities

The following table presents the maturity and weighted average repricing rate, which is also the weighted average effective rate, of certificates of deposit, split between retail/commercial and public unit amounts, and non-amortizing FHLB advances for the next four quarters as of September 30, 2025.

		December 31,				March 31,				June 30,				September 30,
		2025				2026				2026				2026				Total
		(Dollars in thousands)
Retail/Commercial Certificates:
Amount		$	624,804			$	403,612			$	593,431			$	463,792			$	2,085,639
Repricing Rate			3.94	%			3.66	%			3.82	%			3.66	%			3.79	%
Public Unit Certificates:
Amount		$	14,476			$	43,772			$	9,001			$	16,380			$	83,629
Repricing Rate			3.87	%			4.11	%			4.22	%			3.94	%			4.05	%
Non-Amortizing FHLB Advances:
Amount		$	100,000			$	100,000			$	100,000			$	125,000			$	425,000
Repricing Rate			1.09	%			1.60	%			2.51	%			3.66	%			2.30	%
Total
Amount		$	739,280			$	547,384			$	702,432			$	605,172			$	2,594,268
Repricing Rate			3.55	%			3.32	%			3.64	%			3.67	%			3.55	%

The following table sets forth the WAM information for our certificates of deposit, in years, as of September 30, 2025.

Retail certificates of deposit				0.8
Commercial certificates of deposit				0.7
Public unit certificates of deposit				0.8
Total certificates of deposit				0.8

Average Rates and Lives

At September 30, 2025, the gap between the amounts of the Bank's interest-earning assets and interest-bearing liabilities projected to reprice within one year was $(983.6) million, or (10.1)% of total assets, compared to $(963.3) million, or (9.9)% of total assets, at June 30, 2025. The change in the one-year gap amount was due primarily to a net increase in the amount of projected interest-bearing liability cash flows coming due in one year. The increase in liability cash flows was primarily related to the certificate of deposit portfolio as customer balances scheduled to mature within one year increased. The increase in projected asset cash flows was primarily in the Bank's loan portfolio as well as an increase in the balance of cash between the two periods.

The amount of interest-bearing liabilities expected to reprice in a given period is not typically significantly impacted by changes in interest rates because the Bank's borrowings and certificate of deposit portfolios have contractual maturities and generally cannot be terminated early without a prepayment penalty. If interest rates were to increase 200 basis points, as of September 30, 2025, the Bank's one-year gap would have been projected to be $(1.19) billion, or (12.2)% of total assets. If interest rates were to decrease 200 basis points, as of September 30, 2025, the Bank's one-year gap would have been projected to be $(570.8) million, or (5.8)% of total assets. The changes in the gap amounts compared to when there is no change in rates was due to changes in the anticipated net cash flows primarily as a result of projected prepayments on mortgage-related assets in each rate environment. In higher rate environments, prepayments on mortgage-related assets are projected to be lower, and in lower rate environments, prepayments are projected to be higher.

The following table presents the weighted average yields/rates and WALs (in years), after applying prepayment, call assumptions, and decay rates for our interest-earning assets and interest-bearing liabilities as of September 30, 2025. Yields presented for interest-earning assets include the amortization of fees, costs, premiums and discounts, which are considered adjustments to the yield. The interest rate presented for term borrowings is the effective rate, which includes the impact of interest rate swaps and the amortization of deferred prepayment penalties resulting from FHLB advances previously prepaid. The WAL presented for term borrowings includes the effect of interest rate swaps.

		Amount				Yield/Rate			WAL			% of Category			% of Total
		(Dollars in thousands)
Securities		$	867,216			5.45	%		3.4						9.3	%
Loans receivable:
Fixed-rate one- to four-family			5,000,714			3.51			6.7			61.5	%		53.4
Fixed-rate commercial			652,018			5.42			2.0			8.0			7.0
All other fixed-rate loans			34,356			7.14			7.1			0.4			0.4
Total fixed-rate loans			5,687,088			3.75			6.2			69.9			60.8
Adjustable-rate one- to four-family			887,867			4.48			4.0			10.9			9.5
Adjustable-rate commercial			1,463,977			6.03			3.5			18.0			15.7
All other adjustable-rate loans			94,943			7.91			3.2			1.2			1.0
Total adjustable-rate loans			2,446,787			5.54			3.7			30.1			26.2
Total loans receivable			8,133,875			4.29			5.4			100.0	%		87.0
FHLB stock			90,662			9.22			1.8						1.0
Cash and cash equivalents			252,443			3.77			—						2.7
Total interest-earning assets		$	9,344,196			4.43			5.0						100.0	%
Non-maturity deposits		$	2,977,397			1.21			5.2			49.7	%		37.5	%
Retail certificates of deposit			2,828,982			3.73			0.8			47.2			35.6
Commercial certificates of deposit			61,819			3.61			0.7			1.0			0.8
Public unit certificates of deposit			121,879			4.06			0.8			2.1			1.5
Total interest-bearing deposits			5,990,077			2.48			3.0			100.0	%		75.4
Term borrowings			1,952,047			3.53			1.5						24.6
Total interest-bearing liabilities		$	7,942,124			2.74			2.6						100.0	%

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20251029696812/en/

For further information contact:



Kent Townsend

Executive Vice President, Chief Financial Officer and Treasurer

(785) 231-6360

ktownsend@capfed.com



Investor Relations

(785) 270-6055

investorrelations@capfed.com

Source: Capitol Federal Financial, Inc.