Welcome to our dedicated page for Nasb Finl news (Ticker: NASB), a resource for investors and traders seeking the latest updates and insights on Nasb Finl stock.
NASB Financial, Inc. (OTCQX: NASB) is a unitary thrift holding company for North American Savings Bank, F.S.B., a federally regulated savings institution. Company news releases describe NASB as serving the financial needs of customers since 1927 through personal banking and lending products in the Kansas City metro area, and through residential and commercial mortgage offerings on a nationwide basis.
This news page aggregates NASB Financial, Inc. updates that focus on its financial performance and capital actions. Regular announcements provide details on net income for specific quarters and fiscal periods, along with information on net interest income, non-interest income, non-interest expense, and income tax expense. These releases also highlight balance sheet items such as total assets, total loans held for investment and mortgage-backed securities, customer and brokered deposit accounts, and stockholders’ equity.
In addition to earnings-related updates, NASB Financial, Inc. frequently announces decisions by its Board of Directors regarding cash dividends on common stock. News items describe regular quarterly cash dividends and, at times, special cash dividends, including the dividend amount per share, the payment date, and the record date for stockholders.
Investors and observers can use this news feed to follow NASB’s reported profitability, changes in key financial ratios such as return on assets and return on equity, and the company’s approach to shareholder distributions through cash dividends. By reviewing these recurring announcements, readers gain insight into how NASB Financial, Inc. presents its operating results and capital management over time.
On September 6, 2022, NASB Financial, Inc. (OTCQX: NASB) declared a quarterly cash dividend of $0.85 per share. This dividend will be paid on September 30, 2022, to stockholders of record on September 16, 2022. NASB Financial, a unitary thrift holding company for North American Savings Bank, has been operating since 1927, offering personal banking and lending services in the Kansas City area, and providing competitive residential and commercial mortgages nationwide.
NASB Financial, Inc. reported a net income of $10.1 million or $1.37 per share for the quarter ended June 30, 2022, representing an increase from $8.8 million or $1.19 per share in the previous quarter but a decrease from $11.2 million or $1.51 per share year-over-year. For the nine months ending June 30, 2022, the net income stood at $27.6 million or $3.72 per share, significantly lower than $63.8 million or $8.62 per share for the same period in 2021.
NASB Financial reported net income of $8.8 million or $1.19 per share for the quarter ending March 31, 2022, a slight increase from $8.6 million or $1.16 per share in the previous quarter. However, this represents a significant decrease compared to $26.0 million or $3.51 per share for the same quarter in 2021. For the first six months of 2022, net income totaled $17.4 million or $2.35 per share, down from $52.6 million or $7.11 per share in 2021. The company continues to operate as a prominent thrift holding company in the Kansas City area.
On March 28, 2022, NASB Financial, Inc. (OTCQX: NASB) announced the resignation of CEO Paul Thomas, effective March 25, 2022. He will assist during the transition until April 30, 2022. Thomas B. Wagers, Sr., previously Executive VP and Chief Risk Officer, has been appointed as the new CEO and President. Board Chairman David Hancock praised Thomas's contributions since 2013 and expressed confidence in Wagers's 30+ years of banking experience to support NASB's ongoing growth, especially in mortgage banking.
On March 2, 2022, NASB Financial, Inc. declared a quarterly cash dividend of $0.85 per share, scheduled for payment on March 25, 2022, to stockholders of record by March 14, 2022. Operating since 1927, NASB is a leading financial institution serving the Kansas City area, offering a range of personal banking and lending services. The company is recognized for providing competitive residential and commercial mortgages, ensuring safety and financial security for its customers.
NASB Financial, Inc. reported a net income of $8.6 million or $1.16 per share for Q4 2021, a decline from $9.9 million or $1.34 per share in Q3 2021 and $26.7 million or $3.61 per share in Q4 2020. The total assets decreased to $2.19 billion from $2.36 billion in the previous quarter. The net interest income slightly fell to $22.35 million, while non-interest income dropped to $22.34 million, compared to previous quarters. The earnings outlook shows a decrease, indicating potential challenges ahead.
NASB Financial, Inc. (OTCQX: NASB) reported a net income of $9.9 million or $1.34 per share for Q4 FY2021, down from $11.2 million or $1.51 per share sequentially and $39.2 million or $5.30 year-over-year. Full-year net income was $73.7 million or $9.96 per share, a decline from $103.5 million or $14.02 in 2020. The decrease was mainly due to lower mortgage banking profits.
NASB Financial, Inc. (OTCQX: NASB) declared a quarterly cash dividend of $0.75 per share on December 3, 2021. The dividend will be paid on December 27, 2021 to shareholders of record on December 13, 2021. This announcement underscores NASB's commitment to returning income to its shareholders while continuing to serve the financial needs of customers in the Kansas City metro area and beyond, through competitive residential and commercial mortgages.
On September 2, 2021, NASB Financial declared a special cash dividend of $1.25 per share and a regular quarterly cash dividend of $0.75 per share, totaling $2.00 per share. Both dividends will be paid on September 24, 2021, to stockholders of record as of September 13, 2021. This announcement reflects NASB's commitment to returning value to its shareholders and underlines its stable financial position.
NASB Financial reported a net income of $11.2 million or $1.51 per share for the quarter ended June 30, 2021, down from $26.0 million or $3.51 per share in the previous quarter and $40.5 million or $5.48 per share a year earlier. The decline in earnings is primarily due to reduced mortgage banking profits. For the nine-month period, net income was $63.8 million, slightly lower than $64.3 million for the same period last year.