Brief: Capitol Federal Financial Inc Reports Q3 Fiscal Year 2023 Results

Capitol Federal Financial

26/07/2023 15:40

July 26 (Reuters) - Capitol Federal Financial Inc
 CFFN.O :
    * CAPITOL FEDERAL FINANCIAL, INC.® REPORTS THIRD QUARTER
FISCAL
YEAR 2023 RESULTS
    * CAPITOL FEDERAL FINANCIAL INC - INTENDS TO IMPLEMENT A NEW
CORE
PROCESSING SYSTEM ("DIGITAL TRANSFORMATION") FOR BANK BY
SEPTEMBER 2023
    * CAPITOL FEDERAL FINANCIAL INC SEES INFORMATION TECHNOLOGY
AND
RELATED EXPENSES ABOUT $5 MILLION HIGHER IN 2023 VERSUS 2022 DUE
TO DIGITAL TRANSFORMATION
    * CAPITOL FEDERAL FINANCIAL INC - ANTICIPATES EFFECTIVE TAX
RATE
FOR FISCAL YEAR 2023 WILL BE ABOUT 18%
    * CAPITOL FEDERAL FINANCIAL INC - NET INTEREST MARGIN
COMPRESSION
IS ANTICIPATED TO CONTINUE, AND MARGIN IS EXPECTED TO COMPRESS
MORE IN NEAR TERM

Source text for Eikon:  ID:nBw5rjvk3a 
Further company coverage:  CFFN.O 

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