NASB Financial, Inc. Announces Financial Results
Net income for the six months ended
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
(Financial Highlights Schedule Attached)
NASB Financial, Inc. | ||||||||||||||||||||||||||
Financial Highlights | ||||||||||||||||||||||||||
(Dollars in thousands, except per share data) | ||||||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||||||
| | |||||||||||||||||||||||||
EARNINGS DATA: | ||||||||||||||||||||||||||
Net interest income | $ | 21,746 | 20,960 | 19,560 | 42,706 | 39,124 | ||||||||||||||||||||
Provision for credit losses | 100 | -- | 135 | 100 | 201 | |||||||||||||||||||||
Non-interest income | 2,545 | 1,889 | 518 | 4,434 | 3,642 | |||||||||||||||||||||
Non-interest expense | 11,709 | 11,844 | 12,240 | 23,553 | 24,313 | |||||||||||||||||||||
Income tax expense | 3,071 | 2,707 | 1,895 | 5,778 | 4,490 | |||||||||||||||||||||
Net income | $ | 9,411 | 8,298 | 5,808 | 17,709 | 13,762 | ||||||||||||||||||||
FINANCIAL CONDITION DATA: | ||||||||||||||||||||||||||
Total assets | $ | 3,156,241 | 2,966,618 | 3,033,963 | 3,156,241 | 3,033,963 | ||||||||||||||||||||
Total loans held for investments and mortgage-backed securities, net | 2,202,682 | 2,208,550 | 2,155,237 | 2,202,682 | 2,155,237 | |||||||||||||||||||||
Customer and brokered deposit accounts | 1,875,016 | 1,874,438 | 1,917,821 | 1,875,016 | 1,917,821 | |||||||||||||||||||||
Stockholders' equity | 440,065 | 436,622 | 420,814 | 440,065 | 420,814 | |||||||||||||||||||||
FINANCIAL RATIOS AND PER SHARE DATA: | ||||||||||||||||||||||||||
Book value per share | $ 61.32 | 60.36 | 58.18 | 61.32 | 58.18 | |||||||||||||||||||||
Earnings per share | 1.30 | 1.15 | 0.80 | 2.45 | 1.90 | |||||||||||||||||||||
Cash dividends paid per share | 0.35 | 0.35 | 0.25 | 0.70 | 0.50 | |||||||||||||||||||||
Return on assets (annualized net income divided by total average assets) | 1.23 % | 1.13 % | 0.78 % | 1.16 % | 0.93 % | |||||||||||||||||||||
Return on equity (annualized net income divided by average stockholders' equity) | 8.59 % | 7.65 % | 5.57 % | 8.13 % | 6.60 % | |||||||||||||||||||||
Weighted average shares outstanding | 7,222,560 | 7,225,644 | 7,234,733 | 7,224,119 | 7,233,591 | |||||||||||||||||||||
View original content:https://www.prnewswire.com/news-releases/nasb-financial-inc-announces-financial-results-302764510.html
SOURCE NASB Financial, Inc.
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