This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NASB Financial, Inc. Announces Financial Results

NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended December 31, 2009, of $1,329,000 or $0.17 per share. This compares to net income of $6,088,000 or $0.77 per share for the quarter ended September 30, 2009, and compares to net income of $3,648,000 or $0.46 per share for the quarter ended December 31, 2008.

The Company recorded an impairment charge of $2 million ($1.2 million, net of tax, or $0.16 per share) on its investment in LLCs during the quarter ended December 31, 2009.

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 Lee’s Summit and Springfield, Missouri as well as Overland Park, Kansas.

NASB Financial, Inc.
Financial Highlights
(Dollars in thousands, except per share data)
Three Months Ended
12/31/09   9/30/09   12/31/08
Net interest income $ 13,805 13,629 10,582
Provision for loan losses 9,000 6,000 250
Non-interest income 10,200 13,323 5,199
Non-interest expense 13,657 11,541 9,599
Income tax expense 19   3,323   2,284
Net income $ 1,329   6,088   3,648
Total assets $ 1,527,170 1,559,562 1,526,454

Total loans and mortgage-backed and

 related securities




Customer and brokered deposit




Stockholders' equity 164,852 166,388 154,397
Book value per share $ 20.95 21.15 19.62
Earnings per share 0.17 0.77 0.46
Cash dividends paid per share 0.225 0.225 0.225

Return on assets (annualized net income

 divided by total average assets)




Return on equity (annualized net income

 divided by average stockholders' equity)



Weighted average shares outstanding 7,867,614 7,867,614 7,867,614

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NASB $28.40 0.00%
AAPL $117.81 0.00%
FB $105.45 0.00%
GOOG $750.26 0.00%
TSLA $231.61 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs