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                             March 5, 2024

       Kent G. Townsend
       Chief Financial Officer
       Capitol Federal Financial, Inc.
       700 South Kansas Avenue
       Topeka, Kansas 66603

                                                        Re: Capitol Federal
Financial, Inc.
                                                            Form 10-K for the
Fiscal Year Ended September 30, 2023
                                                            File No. 001-34814

       Dear Kent G. Townsend:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. Please respond to this
letter within ten business
       days by providing the requested information or advise us as soon as
possible when you will
       respond. If you do not believe a comment applies to your facts and
circumstances, please tell us
       why in your response. After reviewing your response to this letter, we
may have additional
       comments.

       Form 10-K filed for the Fiscal Year Ended September 30, 2023

       Management's Discussion and Analysis of Financial Condition and Results
of Operations
       Average Balance Sheets, page 42

   1.                                                   We note your
presentation of various Non-GAAP financial measures on page 43, and
                                                        elsewhere, excluding
the impact of the securities and leverage strategies. Please address
                                                        the following:
                                                            For each Non-GAAP
measure presented, revise your disclosures to include a more
                                                             fulsome discussion
of what each measure represents, how it is defined, how it is used
                                                             and why it is
meaningful to investors.
                                                            Tell us and revise
your disclosures to disaggregate and explain each of the individual
                                                             adjustments
comprising the securities and leverage strategies. Your response and
                                                             revised disclosure
should include a reconciliation and calculation of each component
                                                             to these measures
(e.g., numerator and denominator) to the nearest GAAP financial
                                                             measure and
identify the financial statement line items and amounts excluded for
                                                             each period.
                                                            Tell us if you
intend to continue using and disclosing these Non-GAAP measures in
                                                             your future
filings.
                                                            Provide us with an
analysis explaining how you considered the nature of the Non-
 Kent G. Townsend
Capitol Federal Financial, Inc.
March 5, 2024
Page 2
              GAAP adjustments relating to your leverage strategy, and whether
it results in
              individually tailored accounting. Refer to Question 100.04 of the
Division of
              Corporation Finance   s Compliance & Disclosure Interpretations
on Non-GAAP
              Financial Measures.
Comparison of Operating Results for the Years Ended September 2023 and 2022,
page 44

2.       Please revise your disclosures, in future filings, to provide a more
specific definition and
         thorough discussion of the    leverage strategy    including the
factors considered when
         utilizing the strategy. If material, your disclosure should discuss
and identify the specific
         types of assets and liabilities utilized in exercising the strategy in
each period presented
         and the specific impact the strategy had on these identified assets
and liabilities as well as
         any related impact on revenues, expenses and capital ratios. In
addition, expand your
         liquidity and capital resources discussion for additional details,
thresholds for suspension,
         quantification and information on your leverage strategy.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       Please contact Marc Thomas at 202-551-3452 or Robert Klein at
202-551-3847 with any
questions.



FirstName LastNameKent G. Townsend                              Sincerely,
Comapany NameCapitol Federal Financial, Inc.
                                                                Division of
Corporation Finance
March 5, 2024 Page 2                                            Office of
Finance
FirstName LastName