NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the
quarter ended December 31, 2011, of $4,939,000 or $0.63 per share. This
compares to net income of $6,885,000 or $0.87 per share for the quarter
ended September 30, 2011, and compares to a net loss of $3,035,000 or
$(0.39) per share for the quarter ended December 31, 2010.
NASB Financial, Inc. is a unitary thrift holding company for North
American Savings Bank, F.S.B. ("North American” or the "Bank”). North
American operates six offices in greater Kansas City, Missouri and
others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri.
The Bank also has loan origination offices in Kansas City, Lee’s Summit,
and Springfield, Missouri.
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NASB Financial, Inc. Financial Highlights (Dollars
in thousands, except per share data)
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Three Months Ended
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12/31/11
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9/30/11
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12/31/10
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EARNINGS DATA:
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Net interest income
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$
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14,119
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13,255
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13,040
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Provision for loan losses
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2,500
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--
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10,526
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Non-interest income
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10,549
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10,756
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9,086
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Non-interest expense
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14,137
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12,816
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16,535
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Income tax expense (benefit)
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3,092
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4,310
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(1,900
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)
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Net income (loss)
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$
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4,939
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6,885
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(3,035
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)
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FINANCIAL CONDITION DATA:
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Total assets
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$
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1,205,525
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1,253,584
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1,332,129
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Total loans and mortgage-backed and related securities
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1,026,190
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1,072,429
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1,180,298
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Customer and brokered deposit accounts
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882,551
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809,675
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898,646
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Stockholders' equity
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155,349
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150,378
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164,762
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FINANCIAL RATIOS AND PER SHARE DATA:
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Book value per share
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$
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19.75
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19.11
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20.94
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Earnings (loss) per share
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0.63
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0.87
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(0.39
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)
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Cash dividends paid per share
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--
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--
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--
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Return on assets (annualized net income divided by total average
assets)
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1.61
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%
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2.19
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%
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(0.88
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)%
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Return on equity (annualized net income divided by average
stockholders' equity)
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12.92
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%
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18.67
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%
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(7.30
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)%
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Weighted average shares outstanding
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7,867,614
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7,867,614
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7,867,614
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