Capitol Federal Financial Reports Q1 EPS of $(0.07) vs. $0.04

Capitol Federal Financial, Inc. CFFN announced results today for the quarter ended December 31, 2010. In December 2010, Capitol Federal Financial completed its conversion from a mutual holding company form of organization to a stock form of organization. Capitol Federal Financial, which owned 100% of Capitol Federal Savings Bank, was succeeded by Capitol Federal Financial, Inc., a new Maryland corporation. For the quarter ended December 31, 2010, the Company recognized a net loss of $11.3 million, compared to net income of $21.0 million for the same period in the prior fiscal year. The net loss was due to the $40.0 million ($26.0 million, net of income tax benefit) contribution to the Foundation made in connection with the corporate reorganization. Excluding the contribution to the Foundation and related income tax benefit, net income for the quarter was $14.7 million, which was a decrease of $6.3 million compared to the same quarter in the prior year. The decrease between the two quarters, excluding the contribution, was the result of a $6.8 million decrease in other income due primarily to no gains on the sale of securities in the current year quarter, and a $4.9 million decrease in net interest income before provision for loan losses, partially offset by a $2.5 million decrease in provision for loan losses. The net interest margin for the current quarter was 1.88% compared to 2.19% for the same period in the prior fiscal year. Diluted (loss) earnings per share $(0.07)