Capitol Federal Financial (NASDAQ:CFFN) First Quarter 2023 Results

Key Financial Results

• Revenue: US$47.5m (down 13% from 1Q 2022).

• Net income: US$16.2m (down 27% from 1Q 2022).

• Profit margin: 34% (down from 41% in 1Q 2022). The decrease in margin was driven by lower revenue.

• EPS: US$0.12 (down from US$0.16 in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Capitol Federal Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) also missed analyst estimates by 4.0%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 7.2% growth forecast for the Mortgage industry in the US.

Performance of the American Mortgage industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Capitol Federal Financial (1 is a bit unpleasant!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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