NASB Financial, Inc. Announces Financial Results

Feb 04, 2016, 17:11 ET from NASB Financial, Inc.

GRANDVIEW, Mo., Feb. 4, 2016 /PRNewswire/ -- NASB Financial, Inc. (OTCQX: NASB) announced today net income for the quarter ended December 31, 2015, of $5,769,000 or $0.78 per share. This compares to net income of $4,111,000 or $0.55 per share for the quarter ended September 30, 2015, and compares to net income of $4,260,000 or $0.57 per share for the quarter ended December 31, 2014. 

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"), a regional bank headquartered in Grandview, Missouri.  Since 1927, NASB has been serving the financial needs of customers by providing an array of personal banking, investment 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.  NASB is designated as a Top 100 Mortgage Lender by Inside Mortgage Finance. 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




12/31/15

9/30/15

12/31/14

EARNINGS DATA:







Net interest income


$

13,871

13,281

11,242


Provision for loan losses



550

--

--


Non-interest income



12,170

10,163

10,566


Non-interest expense



16,431

17,154

15,254


Income tax expense



3,291

2,179

2,294


     Net income


$

5,769

4,111

4,260







FINANCIAL CONDITION DATA:






Total assets


$

1,598,898

1,530,637

1,300,256


Total loans and mortgage-backed securities



1,248,242

1,207,649

1,046,855


Customer and brokered deposit accounts



 

1,045,414

 

982,259

 

787,853


Stockholders' equity



200,898

197,613

201,068







FINANCIAL RATIOS AND PER SHARE DATA:


Book value per share


$

27.10

26.66

27.03


Earnings (loss) per share



0.78

0.55

0.57


Cash dividends paid per share



0.20

0.20

0.10




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


 

1.47%

 

1.11%

 

1.38%


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


11.58%

 

8.38%

 

8.50%




Weighted average shares outstanding


7,413,009

7,413,009

7,444,157

 

SOURCE NASB Financial, Inc.