NASB Financial, Inc. Announces Financial Results

Dienstag, 04.08.20 23:40
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PR Newswire





GRANDVIEW, Mo., Aug. 4, 2020 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended June 30, 2020, of $40.5 million or $5.48 per share.  This compares to net income of $9.1 million or $1.24 per share for the quarter ended March 31, 2020, and compares to net income of $13.3 million or $1.80 per share for the quarter ended June 30, 2019.  The increase in earnings for the current quarter was primarily attributable to increased mortgage banking activity.

Net income for the nine months ended June 30, 2020, was $64.3 million or $8.71 per share.  This compares to net income of $29.2 million or $3.95 per share for the nine months ended June 30, 2019. 

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"), a community bank headquartered in Grandview, Missouri.  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

Nine Months Ended








6/30/203/31/206/30/19

  6/30/20  6/30/19
EARNINGS DATA:

















Net interest income

$23,92322,38220,795

69,65460,294


Provision for loan losses



1,900750--

2,6501,750


Non-interest income



66,58413,23517,627

99,44935,460


Non-interest expense



34,22322,61720,651

80,17255,120


Income tax expense (benefit)



13,8683,1254,443

21,9709,721


     Net income (loss)

$40,5169,12513,328

64,31129,163




















FINANCIAL CONDITION DATA:


Total assets

$2,600,2122,631,2962,451,353

2,600,2122,451,353


Total loans held for sale



486,077390,635289,818

486,077289,818


Total loans held for investments and

    mortgage-backed securities, net




1,742,9541,837,6321,900,404

1,742,9541,900,404


Customer and brokered deposit    

     accounts




1,824,6171,725,2711,709,492

1,824,6171,709,492


Stockholders' equity



314,883272,877251,681

314,883251,681


FINANCIAL RATIOS AND PER SHARE DATA:



Book value per share

$42.6236.9334.08

42.6234.08


Earnings per share



5.481.241.80

8.713.95


Cash dividends paid per share



0.550.550.50

1.601.50






















Return on assets (annualized net income

     divided by total average assets)




6.20%1.42%2.25%

3.29%1.72%


Return on equity (annualized net income

     divided by average stockholders' equity)




55.15%13.36%21.66%

29.71%16.09%






















Weighted average shares outstanding



7,389,0897,383.8367,384,851

7,382,6447,384,851


Cision View original content:http://www.prnewswire.com/news-releases/nasb-financial-inc-announces-financial-results-301106111.html

SOURCE NASB Financial, Inc.





Quelle: PR Newswire




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