NASB Financial : February 8, 2023 NASB Financial Inc. Announces Financial Results
February 08, 2023 at 03:57 pm EST
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NASB Financial, Inc.
NEWS RELEASE
Contact: Rhonda Nyhus
Vice President
NASB Financial, Inc.
903 E. 104th Street, Suite 400
Kansas City, MO 64131
Phone (816) 765-2200
FOR IMMEDIATE RELEASE:
NASB Financial, Inc. Announces Financial Results
Kansas City, Missouri (February 8, 2023) - NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended December 31, 2022, of $4.7 million or $0.63 per share. This compares to net income of $4.5 million or $0.61 per share for the quarter ended September 30, 2022, and compares to net income of $8.6 million or $1.16 per share for the quarter ended December 31, 2021.
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
12/31/22
9/30/22
12/31/21
EARNINGS DATA:
Net interest income
$
22,436
23,964
22,348
Provision for loan losses
--
750
--
Non-interest income
4,264
6,420
22,339
Non-interest expense
20,477
23,912
33,345
Income tax expense
1,531
1,197
2,720
Net income
$
4,692
4,525
8,622
FINANCIAL CONDITION DATA:
Total assets
$
2,520,202
2,644,364
2,186,808
Total loans held for sale
77,864
129,281
360,836
Total loans held for investment and
mortgage-backed securities, net
2,132,757
2,033,849
1,381,376
Customer and brokered deposit
accounts
1,633,934
1,496,041
1,348,531
Stockholders' equity
378,445
378,878
394,943
FINANCIAL RATIOS AND PER SHARE DATA:
Book value per share
$
51.03
51.15
53.29
Earnings (loss) per share
0.63
0.61
1.16
Cash dividends paid per share
0.85
0.85
0.75
Return on assets (annualized net income
divided by total average assets)
0.73%
0.71%
1.52%
Return on equity (annualized net income
divided by average stockholders' equity)
4.96%
4.71%
8.75%
Weighted average shares outstanding
7,412,785
7,407,279
7,408,720
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NASB Financial Inc. published this content on 08 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 February 2023 20:56:02 UTC.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (the Bank). The Bank is engaged in providing an array of personal banking, investment and lending products in the Kansas City metro area. The Bank offers residential and commercial mortgages. It offers banking solutions including checking accounts, savings accounts, certificates of deposits (CDs), money market accounts, mortgage loans and commercial loans. Its lending activities include home loans, mortgage refinances, mortgage programs and mortgage customer service. Its investment real estate lending includes commercial real estate loans, construction and development loans, individual retirement account lending and investment property loan. Its branches are located in Grandview, Lee's Summit, Independence, Harrisonville, Kansas City, Platte City, Excelsior Springs, St. Joseph and Lexington, Missouri.