What factors drove CFFN's consistent EPS surprises in 2024?

Capitol Federal Financial (CFFN) has experienced consistent EPS surprises in 2024, driven by several key factors:

1. **Revenue Growth**: CFFN's revenue has shown significant growth, which has contributed to its EPS surprises. For instance, in Q1 2025, the company's total interest and dividend income reached $97.6 million, surpassing the estimated revenue of $46.22 million. This substantial increase in revenue has directly impacted the company's net income and, consequently, its EPS.
2. **Efficient Cost Management**: The company's ability to manage costs effectively has also played a role in its EPS surprises. For example, in Q1 2025, CFFN achieved a net income of $15.4 million, marking a $3.4 million increase from the previous quarter. This increase in net income, despite revenue growth, suggests that the company is managing its expenses efficiently, which can lead to higher EPS.
3. **Strong Profit Margins**: CFFN has demonstrated an improvement in profit margins, which has further boosted its EPS. In Q1 2025, the company's profit margin was 33%, up from 8.3% in the same quarter of the previous year. This significant improvement in profit margins indicates that the company is not only growing its revenue but also managing to convert a larger portion of its revenue into net income.
4. **Strategic Financial Decisions**: The company's strategic financial decisions have likely contributed to its EPS surprises. For example, the company's decision to invest in higher-yielding assets or to manage its loan portfolio more effectively could have led to higher interest income and, subsequently, higher EPS.

In conclusion, CFFN's consistent EPS surprises in 2024 can be attributed to a combination of revenue growth, efficient cost management, strong profit margins, and strategic financial decisions. These factors have collectively contributed to the company's financial performance and EPS outcomes.