Investing.com - Financial Markets Worldwide
💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

NASB Financial, Inc. Announces Financial Results

Published 2024-02-07, 12:10 p/m
NASB
-

KANSAS CITY,  Mo., Feb. 7, 2024 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended December 31, 2023, of $7.6 million or $1.03 per share.   This compares to net income of $6.6 million or $0.90 per share for the quarter ended September 30, 2023, and compares to net income of $4.7 million or $0.63 per share for the quarter ended December 31, 2022.  

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.com.

(Financial Highlights Schedule Attached)

NASB Financial, Inc.


Financial Highlights


(Dollars in thousands, except per share data)














Three Months Ended






12/31/23

9/30/23

12/31/22


EARNINGS DATA:








Net interest income


$

18,877

19,403

22,077



Provision for credit losses



(1,468)

--

--



Non-interest income



1,125

2,230

1,144



Non-interest expense



12,016

12,806

13,872



Income tax expense



1,817

2,172

2,300



Income (loss) from discontinued








    operations, net of tax



--

(18)

(2,357)



        Net income


$

7,637

6,637

4,692










FINANCIAL CONDITION DATA:








Total assets


$

2,752,294

2,814,082

2,520,202



Total loans held for investment and  

        mortgage-backed securities, net

 

2,163,559

 

2,126,420

 

2,132,757



Customer and brokered deposit

        accounts



 

1,699,188

 

1,794,430

 

1,633,934



Stockholders' equity



398,966

386,106

378,445










FINANCIAL RATIOS AND PER SHARE DATA:



Book value per share


$

53.93

52.28

51.03



Earnings per share



1.03

0.90

0.63



Cash dividends paid per share



0.25

0.25

0.85











Return on assets (annualized net income

        divided by total average assets)



1.10  %

0.96  %

0.73  %



Return on equity (annualized net income

    divided by average stockholders' equity)



7.78  %

6.86  %

4.96  %











Weighted average shares outstanding



7,392,679

7,402,071

7,412,785


View original content:https://www.prnewswire.com/news-releases/nasb-financial-inc-announces-financial-results-302056390.html

SOURCE NASB Financial, Inc.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.