Capitol Federal Financial, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds See "Liquidity and Capital Resources - Limitations on Dividends and Other Capital Distributions" in "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations" regarding OCC restrictions on dividends from the Bank to the Company. The following table summarizes our stock repurchase activity during the three months ended March 31, 2024 and additional information regarding our stock repurchase program. As of March 31, 2024, the Company had $2.0 million of common stock authorized under its existing stock repurchase plan. There is no expiration for this repurchase plan; however, the Federal Reserve Bank's existing approval for the Company to repurchase shares is through August 2024. In February 2024, the Company notified the FRB of its intent to authorize the repurchase of up to $75 million in additional common stock over a period of time, depending upon market conditions, cash balances at the Company level, and after the completion of the Company's existing share repurchase program. This plan has no expiration date; however, the FRB's new approval for the Company to repurchase shares expires in February 2025. Shares may be repurchased from time to time in the open market or in privately negotiated transactions based upon market conditions and available liquidity. Total Number of Approximate Dollar Total Shares Purchased as Value of Shares Number of Average Part of Publicly that May Yet Be Shares Price Paid Announced Plans Purchased Under the Purchased per Share or Programs Plans or Programs January 1, 2024 through January 31, 2024 199,400 $ 6.53 199,400 $ 8,138,109 February 1, 2024 through February 29, 2024 572,289 5.99 572,289 4,707,647 March 1, 2024 through March 31, 2024 474,421 5.78 474,421 1,964,729 Total 1,246,110 6.00 1,246,110 1,964,729 Item 3. Defaults Upon Senior Securities Not applicable. Item 4. Mine Safety Disclosures Not applicable.