NASB Financial, Inc. Announces Financial Results

KANSAS CITY, Mo., Feb. 5, 2025 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended December 31, 2024, of $8.0 million or $1.10 per share. This compares to net income of $6.1 million or $0.84 per share for the quarter ended September 30, 2024, and compares to net income of $7.6 million or $1.03 per share for the quarter ended December 31, 2023.

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
									12/31/24		9/30/24				12/31/23
EARNINGS DATA:
		Net interest income						$	19,564		19,904				18,877
		Provision for credit losses							66		(71)				(1,468)
		Non-interest income							3,124		873				1,125
		Non-interest expense							12,073		13,071				12,016
		Income tax expense							2,595		1,633				1,817
		Net income						$	7,954		6,144				7,637
FINANCIAL CONDITION DATA:
	Total assets							$	2,919,263		2,860,399				2,752,294
	Total loans held for investment and mortgage-backed securities, net								2,186,076		2,170,905				2,163,559
	Customer and brokered deposit accounts								1,800,419		1,729,642				1,699,188
	Stockholders' equity								413,891		413,204				398,966
FINANCIAL RATIOS AND PER SHARE DATA:
	Book value per share							$	57.20		57.18				53.93
	Earnings per share								1.10		0.84				1.03
	Cash dividends paid per share								0.25		0.25				0.25
	Return on assets (annualized net income divided by total average assets)								1.10 %		0.87 %				1.10 %
	Return on equity (annualized net income divided by average stockholders' equity)								7.69 %		5.99 %				7.78 %
	Weighted average shares outstanding								7,232,473		7,327,387				7,392,679

SOURCE NASB Financial, Inc.