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July 2026 QUARTERLY INVESTOR PRESENTATION
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2 Safe Harbor Disclosure 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; 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 Capitol Federal Financial, Inc.'s market areas; the future earnings and capital levels of Capitol Federal Savings Bank and the impact of potential pre-1988 bad debt recapture, which could affect the ability of Capitol Federal Financial, Inc. to pay dividends in accordance with its dividend policies; competition; and other risks detailed from time to time in documents filed or furnished by Capitol Federal Financial, Inc. with the Securities and Exchange Commission. Actual results may differ materially from those currently expected. These forward-looking statements represent Capitol Federal Financial, Inc.'s judgment as of the date of this release. Capitol Federal Financial, Inc. disclaims, however, any intent or obligation to update these forward- looking statements.
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3 Capitol Federal Financial, Inc. (CFFN) at a glance For over 130 years, Capitol Federal® has been a leader in financial stability and trust in the communities we serve. We will continue the tradition we have held since 1893 as a community-oriented financial institution, offering a variety of financial services to meet the needs of the communities we serve, currently through 43 traditional and two in-store branches. Ticker Market Capitalization Nasdaq: CFFN $1.1 billion Commercial Business Deposit Accounts Business and Corporate Cards Treasury Management Commercial and Business Loans Wealth Management Insurance Assets Loans $9.7 billion $8.2 billion Deposits $6.9 billion Local communities served Selected Product Offerings Consumer Deposit Accounts Mortgages and Loans Digital Banking Private Banking Trust Services Wealth Management Insurance Credit Cards Corporate Offices Topeka, Kansas
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4 Uniquely positioned, deeply experienced and fully aligned to deliver on our strategic roadmap Our leadership team combines deep industry expertise with a proven track record of operational excellence. We have architected the current strategic plan and possess the unique institutional knowledge required to execute it seamlessly. No other team is better equipped to navigate the complexities of our market and deliver on our long-term value creation goals. Executive leadership The right team to execute Experienced board Appropriate skills to oversee strategy 7 Member board 88% Independent Financial Industry knowledge Executive leadership Technology / Data security Compliance / Regulatory Community engagement Human capital management Risk / Operations Marketing / Public relations Small business / Entrepreneurship John B. Dicus CEO Kent Townsend CFO & Treasurer Rick Jackson CLO Natalie Haag General Counsel Tony Barry Chief Corporate Services Officer Billy Skrobacz Jr. Chief Retail Operations Officer ü üü ü ü ü ü ü ü ü ü ü
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5 CFFN investment rationale Uniquely focused on delivering long- term, sustainable stockholder value while maintaining a strong capital position Banking expertise strengthened by a deep understanding of the communities we serve 1 Robust balance sheet, stable portfolios, long history of disciplined capital returns 2 Strategic banking initiatives in place to become a full-service commercial bank 3
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6 Strategic Initiatives Deliver long-term value to stockholders through the disciplined execution of our strategic initiatives Enhancing stockholder value while upholding sound asset quality and a strong capital position. Strategic Actions Commercial Lending Treasury Management Disciplined Capital Returns Wealth Management Digital Banking Focus on Value Adding Investments in People and Technology
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7 Deposit base and customer solution expansion Treasury Management • Competitive suite of treasury management products • Experienced team of treasury management officers • Focus area for our sales teams to diversify funding sources and increase fee revenue tied to depository accounts • New deposit account onboarding platform • Digital banking enhancements for debit cardholders • Fintech plug-in technologies to integrate into our digital banking experience • Bringing together wealth management, private banking and insurance to provide a comprehensive suite of products and services • Private banking line of business, a gateway to driving off-balance sheet revenue Digital Banking Wealth Management
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8 Balance sheet repositioning continues to drive improvements • Net interest margin continues to improve: Our net interest margin has continued to expand since the completion of a securities restructuring in October 2023, increasing over 100 basis points from our net interest margin of 1.21% for fiscal year 2023 to 2.31% for the quarter ended June 30, 2026. The more recent improvement was due mainly to the continued growth in our commercial loan portfolio, and, to a lesser extent, a reduction in borrowings. Net interest margin (quarter ended) 1.21% 1.80% 2.09% 2.31% 9/23 9/24 9/25 6/26
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9 Strong capital position supports capital returns via disciplined framework 10.2% 10.1% 10.0% 10.0% 10.0% 17.1% 16.8% 16.5% 16.2% 16.0% Tier 1 LeverageCET1 6/25 9/25 12/25 3/26 6/26 The Company has paid $0.295 per share in cash dividends during the current fiscal year, including three regular quarterly dividends totaling $0.255 and a $0.040 special dividend in Q2 2026. The Company repurchased 6,369,946 shares of common stock for $45.9 million at an average price of $7.21 during the nine months ended June 30, 2026. CFFN had $10.7 million in cash on deposit at the Bank at June 30, 2026. The Bank has distributed $78.0 million from the Bank to the Company during the current year period.
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10 (in millions) $1,968.7 $2,033.1 $2,089.2 $436.0 $456.2 $485.8 $1,532.7 $1,576.9 $1,603.4 2024 2025 2026 YTD$— $500.0 $1,000.0 $1,500.0 $2,000.0 $2,500.0 Long history of disciplined capital returns Over $2.09 billion of cumulative capital returned to shareholders since 2010 Stockholder dividends $11.53/sh Share repurchases 46,980,513 shares Avg. Price of $10.34 For the remainder of 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.
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11 Growing our commercial loan portfolio • Positive mix-shift into commercial lending, out of single-family lending, is our primary growth-oriented strategic initiative • Growth driven through investments in technology, people, products, and services • Active in commercial lending markets even when the opportunity is outside of our local footprint $0.8B $1.0B $1.3B $1.5B $2.1B $2.5B 9/21 9/22 9/23 9/24 9/25 6/26 Includes commercial real estate, commercial construction and C&I loans
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12 70% 30% One- to four-family and consumerCommercial 88% 12% Transition to a commercial loan portfolio $2.3B $1.8B $1.6B $0.7B $1.3B $1.0B One- to four-family and consumerCommercial 2021 2022 2023 2024 2025 2026 YTD * Loan CompositionFiscal Year Loan Activity September 30, 2021 June 30, 2026 * For the nine months ended June 30, 2026
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13 CComm Using our expertise to serve borrowers where they are We offer both commercial and one- to four- family loan products to our customers. We offer commercial lending options and participate in commercial loans with other lenders, both locally and outside our market areas. Commercial loans are generally made to companies domiciled in Kansas and Missouri and include properties located throughout the country. 40% 15%9% 6% 6% 5% 19% Kansas Missouri Texas Arizona California New York Other 65%4% 31% Kansas Missouri Other Commercial Real Estate (“CRE”) & Commercial Construction Loans At June 30, 2026, the CRE and Commercial Construction loan portfolio included properties located in Kansas and Missouri and 23 other states. Commercial & Industrial Loans At June 30, 2026, the Commercial & Industrial loan portfolio included loans made to borrowers in Kansas, Missouri and 21 other states.
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14 Consistent deposit growth to remix funding sources (in billions) $6.37B $6.43B $6.59B $6.76B $6.92B $6.85B Checking High Yield Savings Other Savings Money Market Certificates of Deposit 3/25 6/25 9/25 12/25 3/26 6/26$– $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00
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15 Q3 2026 Financial Highlights Net Income $23.6 million 2.31% net interest margin Capital Ratios 9.57% CBLR Deposits $6.85 billion Loans $8.17 billion ACL / Loans 0.32% Expense Management 52.10% efficiency ratio 1.29% operating expense ratio • Net interest margin was 2.31%, an increase of seven basis points from 2.24% for the quarter ended March 31, 2026 (the "prior quarter"); • An efficiency ratio of 52.10%, an improvement from 52.45% the prior quarter; • An operating expense ratio of 1.29%, unchanged from the prior quarter; • Paid dividends of $10.6 million, or $0.085 per share, including a $0.040 per share special dividend in Q2 2026; • Repurchased 1,837,832 shares of common stock at an average price of $7.73 per share; • Tangible book value per share of $8.04 at June 30, 2026. • Commercial loan growth of $357.0 million, or 22.5% annualized, since September 30, 2025; • Commercial deposit growth of $24.3 million, or 6.4% annualized, since September 30, 2025; • Distributed $78.0 million from the Bank to the Company during the current year period; and • Announced a cash dividend of $0.085 per share, payable on August 21, 2026 to stockholders of record as of the close of business on August 7, 2026.
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16 Financial highlights (dollars in thousands) At or for the Three Months Ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Net income $ 23,570 $ 20,148 $ 20,304 $ 18,813 $ 18,382 Earnings per share 0.19 0.16 0.16 0.14 0.14 Tangible book value per share 8.04 7.96 7.95 7.85 7.80 Net interest margin 2.31% 2.24% 2.19% 2.09% 1.98% Return on average assets 0.97 0.82 0.83 0.77 0.76 Return on average equity 9.21 7.74 7.72 7.17 7.05 Commercial loans / Total loans 30.18 28.48 27.79 26.01 23.77 Deposits / Total assets 70.90 70.45 69.12 67.41 66.35 Borrowings / Total assets 16.93 17.37 18.71 19.95 21.37
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17 Financial Highlights Condensed Consolidated Income Statement (dollars in thousands) For the Three Months Ended 6/30/2026 3/31/2026 12/31/2025 9/30/2025 6/30/2025 Interest income $ 105,119 $ 104,560 $ 105,989 $ 104,044 $ 99,678 Interest expense 51,636 52,294 54,672 55,261 54,220 Net interest income 53,483 52,266 51,317 48,783 45,458 Provision for credit losses (433) 2,372 1,106 519 (451) Non-interest income 6,668 5,459 5,479 5,791 5,288 Non-interest expense 31,342 30,274 30,476 31,018 29,564 Income tax expense 5,672 4,931 4,910 4,224 3,251 Net income $ 23,570 $ 20,148 $ 20,304 $ 18,813 $ 18,382 Efficiency ratio 52.10% 52.45% 53.66% 56.84% 58.26% Operating expense ratio 1.29 1.24 1.24 1.27 1.23 Basic and diluted earnings per share $ 0.19 $ 0.16 $ 0.16 $ 0.14 $ 0.14
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18 Financial Highlights Condensed Consolidated Balance Sheet (dollars in thousands) At Qtr Avg Yield/Cost for Qtr Ended 6/30/2026 9/30/2025 6/30/2026 3/31/2026 6/30/2026 3/31/2026 ASSETS: Cash and cash equivalents $ 136,098 $ 252,443 $ 215,292 $ 271,032 3.65% 3.65% Securities 783,559 867,216 792,182 793,899 5.45 5.49 Loans receivable, net 8,166,762 8,111,961 8,164,532 8,170,299 4.42 4.37 FHLB Stock 76,115 90,662 77,904 82,855 9.10 9.10 Other assets 499,650 456,419 499,604 486,394 N/A N/A Total assets $ 9,662,184 $ 9,778,701 $ 9,749,514 $ 9,804,479 4.53 4.49 LIABILITIES AND STOCKHOLDERS' EQUITY: Non-maturity deposits $ 3,289,361 $ 2,977,397 $ 3,254,165 $ 3,154,466 1.26 1.22 Retail/comm certificates 2,822,410 2,890,801 2,881,474 2,906,513 3.53 3.61 Wholesale certificates 67,082 121,879 72,425 95,699 3.95 3.98 Total interest-bearing deposits 6,178,853 5,990,077 6,208,064 6,156,678 2.34 2.39 Borrowings 1,636,246 1,950,770 1,677,426 1,782,567 3.67 3.64 Non-interest-bearing deposits 671,852 601,371 672,513 647,305 N/A N/A Other liabilities 153,913 188,806 168,254 176,382 N/A N/A Total liabilities 8,640,864 8,731,024 8,726,257 7,939,245 2.63 2.67 Total stockholders' equity 1,021,320 1,047,677 1,023,257 1,041,547 Total liabilities and stockholders' equity $ 9,662,184 $ 9,778,701 $ 9,749,514 $ 9,804,479
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19 $15.4M $18.4M$18.8M$20.3M$20.1M $23.6M 3/25 6/25 9/25 12/25 3/26 6/26 Financial Highlights $0.12 $0.14 $0.14 $0.16 $0.16 $0.19 3/25 6/25 9/25 12/25 3/26 6/26 0.64% 0.76% 0.77% 0.83% 0.82% 0.97% 3/25 6/25 9/25 12/25 3/26 6/26 5.96% 7.05% 7.17% 7.72% 7.74% 9.21% 3/25 6/25 9/25 12/25 3/26 6/26 1.92% 1.98% 2.09% 2.19% 2.24% 2.31% 3/25 6/25 9/25 12/25 3/26 6/26 60.54%58.26%56.84%53.66%52.45%52.10% 3/25 6/25 9/25 12/25 3/26 6/26 At or For the Three Months Ended Net Income Return on Average Equity Net Interest Margin Earnings Per Share Return on Average Assets Efficiency Ratio
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20 (in millions) $29.5M $29.6M $31.0M $30.5M $30.3M $31.3M Salaries and employee benefits Information technology and related expense Occupancy, net Professional and other services Advertising and promotional Other 3/25 6/25 9/25 12/25 3/26 6/26$— $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 Non-interest Expense and Operating Expense Ratio (quarterly) Financial Highlights 1.24% 1.29%1.24%1.27%1.23%1.23%
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21 Efficiency Ratio Trends (quarterly) Financial Highlights 61% 58% 57% 54% 52% 52% Salaries and employee benefits Information technology and related expenseOccupancy, net Professional and other services Advertising and promotional Other 3/25 6/25 9/25 12/25 3/26 6/26 % 20% 40% 60%
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22 Financial Highlights Balance Sheet Trends 21% 24% 26% 28% 28% 30% 3/25 6/25 9/25 12/25 3/26 6/26 124%125%123%121%118%120% 3/25 6/25 9/25 12/25 3/26 6/26 22% 21% 20% 19% 17% 17% 3/25 6/25 9/25 12/25 3/26 6/26 Commercial loans / Total loans Loans / Deposits Borrowings / Total assets
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23 Financial Highlights Loan Portfolio Trends $6.12B $6.02B $5.90B $5.81B $5.71B $5.60B 3.61% 3.65% 3.68% 3.71% 3.73% 3.77% Originated Purchased Rate 3/25 6/25 9/25 12/25 3/26 6/26 $1.67B $1.91B $2.12B $2.28B $2.32B $2.47B5.67% 5.93% 5.98% 5.93% 5.97% 5.98% CRE Construction C&I Rate 3/25 6/25 9/25 12/25 3/26 6/26 One- to four-family loans Commercial loans
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24 Financial Highlights Hotel, 29% Senior housing 25% Multi-family 14% Retail building 13% Office building, 5% Other 14% $2.2B Total CRE and Construction Loans by Property Type as of June 30, 2026 (Unpaid Principal Balance) • At June 30, 2026, CRE and commercial construction loans made up 89% of the commercial loan portfolio and 27% of total loans. • Maintaining strong credit quality remains a top priority as we expand our commercial loan portfolio. • Weighted average LTV of 63% at June 30, 2026 • Weighted average DSCR of 1.77x at June 30, 2026
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25 Financial Highlights Non-owner occupied CRE as of June 30, 2026 (Unpaid Principal Balance) • Non-owner occupied CRE loans made up 64% of the CRE loan portfolio and 17% of total loans at June 30, 2026. • Hotel: ▪ Weighted average LTV of 54% ▪ Weighted average DSCR of 1.44x • Senior housing: ▪ Weighted average LTV of 72% ▪ Weighted average DSCR of 1.77x • Retail building: ▪ Weighted average LTV of 62% ▪ Weighted average DSCR of 1.95x Hotel, 43% Senior housing, 36% Retail building, 12% Office building, 5% Warehouse/ manufacturing, 2% Other, 2%
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26 Financial Highlights Owner occupied CRE as of June 30, 2026 (Unpaid Principal Balance) • Owner occupied CRE loans made up 8% of the CRE loan portfolio and 2% of total loans at June 30, 2026. • Retail building: ▪ Weighted average LTV of 53% ▪ Weighted average DSCR of 1.97x • Office building: ▪ Weighted average LTV of 61% ▪ Weighted average DSCR of 8.38x • Single use building: ▪ Weighted average LTV of 66% ▪ Weighted average DSCR of 1.57x Retail building, 39% Office building, 21% Warehouse/ manufacturing, 19% Single use building, 17% Other, 4%
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27 Financial Highlights C&I Loans by Loan Purpose as of June 30, 2026 (Unpaid Principal Balance) • C&I loans made up and 3% of total loans at June 30, 2026. • Working capital: ▪ Weighted average DSCR of 5.09x • Purchase/refinance business assets: ▪ Weighted average DSCR of 1.98x • Finance/lease vehicle: ▪ Weighted average DSCR of 2.29x Working capital, 42% Purchase/refinance business assets, 37% Finance/lease vehicle, 10% Purchase equipment, 6% Other, 5% $274M Total
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28 Financial Highlights Asset Quality • Underwriting standards designed to limit exposure to credit risk • Complete documentation required for all loans • Ongoing monitoring of loan concentrations and credit quality 30 to 89 days delinquent loans to total loans receivable, net Non-performing loans to total loans receivable, net ACL / Total loans, net 3/25 6/25 9/25 12/25 3/26 6/26—% 0.20% 0.40% 0.60% 0.80% Loan-to-value ("LTV") ratio Debt service coverage ratio ("DSCR") LTV on CRE PortfolioDSCR on CRE Portfolio 3/25 6/25 9/25 12/25 3/26 6/2650% 55% 60% 65% 70% 1.50x 1.60x 1.70x 1.80x
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29 Checking Other savings High yield savingsMoney market Rate 3/25 6/25 9/25 12/25 3/26 6/26 $—B $0.80B $1.60B $2.40B $3.20B $4.00B —% 0.25% 0.50% 0.75% 1.00% 1.25% Non-int checking Int checking Savings Money market Rate 3/25 6/25 9/25 12/25 3/26 6/26 $—B $0.10B $0.20B $0.30B $0.40B $0.50B —% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% Retail Commercial Public Rate 3/25 6/25 9/25 12/25 3/26 6/26 $—B $0.80B $1.60B $2.40B $3.20B $4.00B —% 1.00% 2.00% 3.00% 4.00% 5.00% Financial Highlights Deposit Portfolio Retail non-maturity deposits Commercial non-maturity deposits Certificates of deposit
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30 Dividend and Share Information (in millions) Regular dividends True-up dividends Special dividends Share repurchases 2021 2022 2023 2024 2025 2026$— $25.0 $50.0 $75.0 $100.0 $125.0 $150.0 2021 2022 2023 2024 2025 2026*100,000,000 110,000,000 120,000,000 130,000,000 140,000,000 150,000,000 Calendar Year Dividends Shares Outstanding at Fiscal Year End * As of June 30, 2026
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31 Financial Highlights Interest Rate Risk Sensitivity (dollars in thousands) As of June 30, 2026 More than More Than Within One Year to Three Years One Year Three Years to Five Years Interest-earning assets: Loans receivable $ 2,521,472 $ 1,819,115 $ 1,287,109 Securities 186,847 273,744 160,045 Other interest-earning assets 116,331 — — 2,824,650 2,092,859 1,447,154 Interest-bearing liabilities: Non-maturity deposits 1,123,444 746,141 531,748 Certificates of deposit 2,370,489 485,057 33,805 Borrowings 461,316 1,167,588 17,573 3,955,249 2,398,786 583,126 Net Cash Flow $ (1,130,599) $ (305,927) $ 864,028 Cumulative gap / Total assets (11.70%) (14.87%) (5.93%) MVPE Rate Sensitivity MVPE Ratio Post Shock MVPE Ratio (+200bp)Rate Sensitivity Ratio 6/25 9/25 12/25 3/26 6/264.00% 6.00% 8.00% 10.00% 12.00% 14.00% —% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50%