NASB Financial, Inc. Announces Financial Results

KANSAS CITY, Mo., Dec. 14, 2020 /PRNewswire/ -- NASB Financial, Inc. (the "Company") NASB announced today net income for the quarter ended September 30, 2020, of $39.2 million or $5.30 per share.  This compares to net income of $40.5 million or $5.48 per share for the quarter ended June 30, 2020, and $14.0 million or $1.90 per share for the quarter ended September 30, 2019. 

Net income for the year ended September 30, 2020, was $103.5 million or $14.02 per share.  This compares to net income of $43.2 million or $5.85 per share for the year ended September 30, 2019.  The increase in earnings was primarily attributable to higher volumes of mortgage banking activity in the current year. 

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.  Nationwide, NASB offers competitive residential and commercial mortgages 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



Twelve Months Ended









  9/30/20

 6/30/20

  9/30/19



9/30/20

9/30/19

EARNINGS DATA:



















Net interest income



$

24,577

23,923

22,378



94,231

82,672



Provision for loan losses





7,500

1,900

--



10,150

1,750



Non-interest income





75,095

66,584

20,826



174,544

56,286



Non-interest expense





39,160

34,223

24,532



119,332

79,652



Income tax expense





13,818

13,868

4,668



35,788

14,389



     Net income



$

39,194

40,516

14,004



103,505

43,167





















FINANCIAL CONDITION DATA:



















Total assets

`

$

2,552,198

2,600,212

2,605,225



2,552,198

2,605,225



Total loans held for sale





493,212

486,077

420,428



493,212

420,428



Total loans held for investment and mortgage-backed securities, net





1,646,143

1,742,954

1,911,521



1,646,143

1,911,521



Customer and brokered deposit accounts





1,752,768

1,824,617

1,828,972



1,752,768

1,828,972



Stockholders' equity





350,382

314,883

262,267



350,382

262,267





















FINANCIAL RATIOS AND PER SHARE DATA:





Book value per share



$

47.42

42.62



35.56



47.42

35.56



Earnings per share





5.30

5.48



1.90



14.02

5.85



Cash dividends paid per share





0.55

0.55



0.50



2.15

2.00























Return on assets (annualized net income divided by total average assets)





6.09%

6.20%



2.22%



4.01%

1.85%



Return on equity (annualized net income divided by average stockholders' equity)





47.13%

55.15%



21.80%



33.79%

17.48%























Weighted average shares outstanding





7,388,493

7,389,089



7,381,378



7,384,118

7,383,976















































Cision View original content:http://www.prnewswire.com/news-releases/nasb-financial-inc-announces-financial-results-301192418.html

SOURCE NASB Financial, Inc.

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