NASB Financial, Inc. Announces Financial Results

KANSAS CITY, Mo., May 7, 2025 NASB Financial, Inc. (the "Company") (OTCQX: ) announced today net income for the quarter ended March 31, 2025, of $5.8 million or $0.80 per share.  This compares to net income of $8.0 million or $1.10 per share for the quarter ended December 31, 2024, and compares to net income of $7.7 million or $1.04 per share for the quarter ended March 31, 2024.  

Net income for the six months ended March 31, 2025, was $13.8 million or $1.90 per share.  This compares to net income of $15.3 million or $2.07 per share for the six months ended March 31, 2024. 

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 .

(Financial Highlights Schedule Attached)

NASB Financial, Inc.

Financial Highlights

(Dollars in thousands, except per share data)

Three Months Ended

Six Months Ended

3/31/25

12/31/24

3/31/24

  3/31/25

  3/31/24

EARNINGS DATA:

Net interest income

$

19,560

19,564

19,356

39,124

38,233

Provision for credit losses

135

66

14

201

(1,454)

Non-interest income

518

3,124

2,931

3,642

4,056

Non-interest expense

12,240

12,073

12,535

24,313

24,551

Income tax expense

1,895

2,595

2,045

4,490

3,862

     Net income

$

5,808

7,954

7,693

13,762

15,330

FINANCIAL CONDITION DATA:

Total assets

$

3,033,963

2,919,263

2,862,808

3,033,963

2,862,808

Total loans held for investments and          mortgage-backed securities, net

2,155,237

2,186,076

2,166,975

2,155,237

2,166,975

Customer and brokered deposit               accounts

1,917,821

1,800,419

1,776,611

1,917,821

1,776,611

Stockholders' equity

420,814

413,891

402,393

420,814

402,393

FINANCIAL RATIOS AND PER SHARE DATA:

Book value per share

$            58.18

57.20

54.43

58.18

54.43

Earnings per share

0.80

1.10

1.04

1.90

2.07

Cash dividends paid per share

0.25

0.25

0.25

0.50

0.50

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

0.78 %

1.10 %

1.10 %

0.93 %

1.08 %

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

5.57 %

7.69 %

7.68 %

6.60 %

7.78 %

Weighted average shares outstanding

7,234,733

7,232,473

7,395,810

7,233,591

7,394,236

SOURCE NASB Financial, Inc.