NASB Financial, Inc. Announces Financial Results

Rhea-AI Summary

NASB Financial reported a decline in quarterly earnings with net income of $5.8 million ($0.80 per share) for Q1 2025, down from $8.0 million ($1.10 per share) in Q4 2024 and $7.7 million ($1.04 per share) in Q1 2024. Six-month earnings reached $13.8 million ($1.90 per share), lower than $15.3 million ($2.07 per share) in the same period last year. The company's total assets grew to $3.03 billion, with customer deposits increasing to $1.92 billion. Key metrics showed deterioration with Return on Assets falling to 0.78% from 1.10% and Return on Equity declining to 5.57% from 7.69% quarter-over-quarter. Book value per share improved to $58.18, while maintaining a quarterly dividend of $0.25 per share.

Positive

• Total assets increased to $3.03 billion from $2.92 billion in previous quarter
• Customer and brokered deposits grew to $1.92 billion from $1.80 billion quarter-over-quarter
• Book value per share improved to $58.18 from $57.20 in previous quarter
• Maintained steady quarterly dividend of $0.25 per share

Negative

• Net income declined 25% to $5.8 million from $8.0 million in previous quarter
• Earnings per share decreased to $0.80 from $1.10 quarter-over-quarter
• Return on Assets fell to 0.78% from 1.10% in previous quarter
• Return on Equity declined to 5.57% from 7.69% quarter-over-quarter
• Non-interest income dropped significantly to $518,000 from $3.12 million in previous quarter

KANSAS CITY, Mo., May 7, 2025 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB) 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 nasb.com.

(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

 

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SOURCE NASB Financial, Inc.

FAQ

What was NASB Financial's (NASB) earnings per share for Q1 2025?

NASB Financial reported earnings of $0.80 per share for Q1 2025, down from $1.10 in Q4 2024 and $1.04 in Q1 2024.

How much did NASB Financial's net income decrease in Q1 2025?

NASB Financial's net income decreased to $5.8 million in Q1 2025, down from $8.0 million in Q4 2024, representing a 25% decline.

What is NASB Financial's current quarterly dividend payment?

NASB Financial maintains a quarterly dividend payment of $0.25 per share.

How did NASB's total assets change in Q1 2025?

NASB's total assets increased to $3.03 billion in Q1 2025, up from $2.92 billion in Q4 2024.

What was NASB Financial's Return on Equity (ROE) in Q1 2025?

NASB Financial's Return on Equity (ROE) was 5.57% in Q1 2025, down from 7.69% in the previous quarter.