NASB Financial, Inc. Announces Financial Results

2025-05-07 07:46:44

(MENAFN- PR Newswire)

KANSAS CITY, Mo., May 7, 2025 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB ) announced today net income for the quarter ended March 31, 2025, of $5.8 million or $0.80 per share. This compares to net income of $8.0 million or $1.10 per share for the quarter ended December 31, 2024, and compares to net income of $7.7 million or $1.04 per share for the quarter ended March 31, 2024.

Net income for the six months ended March 31, 2025, was $13.8 million or $1.90 per share. This compares to net income of $15.3 million or $2.07 per share for the six months ended March 31, 2024.

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"). Since 1927, NASB has been serving the financial needs of customers by providing an array of personal banking and lending products in the Kansas City metro area. NASB offers competitive residential and commercial mortgages nationwide with the safety and security of a Federal institution. For more information, visit nasb .

(Financial Highlights Schedule Attached)

NASB Financial, Inc.
Financial Highlights
(Dollars in thousands, except per share data)

			Three Months Ended		Six Months Ended
			3/31/25	12/31/24	3/31/24	3/31/25	3/31/24
EARNINGS DATA:
	Net interest income	$	19,560	19,564	19,356	39,124	38,233
	Provision for credit losses		135	66	14	201	(1,454)
	Non-interest income		518	3,124	2,931	3,642	4,056
	Non-interest expense		12,240	12,073	12,535	24,313	24,551
	Income tax expense		1,895	2,595	2,045	4,490	3,862
	Net income	$	5,808	7,954	7,693	13,762	15,330

FINANCIAL CONDITION DATA:
	Total assets	$	3,033,963	2,919,263	2,862,808	3,033,963	2,862,808
	Total loans held for investments and mortgage-backed securities, net		2,155,237	2,186,076	2,166,975	2,155,237	2,166,975
	Customer and brokered deposit accounts		1,917,821	1,800,419	1,776,611	1,917,821	1,776,611
	Stockholders' equity		420,814	413,891	402,393	420,814	402,393

FINANCIAL RATIOS AND PER SHARE DATA:
	Book value per share		$ 58.18	57.20	54.43	58.18	54.43
	Earnings per share		0.80	1.10	1.04	1.90	2.07
	Cash dividends paid per share		0.25	0.25	0.25	0.50	0.50

	Return on assets (annualized net income divided by total average assets)		0.78 %	1.10 %	1.10 %	0.93 %	1.08 %
	Return on equity (annualized net income divided by average stockholders' equity)		5.57 %	7.69 %	7.68 %	6.60 %	7.78 %

	Weighted average shares outstanding		7,234,733	7,232,473	7,395,810	7,233,591	7,394,236

SOURCE NASB Financial, Inc.

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