NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended September 30, 2011, of $6,885,000 or $0.87 per share. This compares to net income of $4,389,000 or $0.56 per share for the quarter ended June 30, 2011, and compares to net income of $2,235,000 or $0.28 per share for the quarter ended September 30, 2010.
The net loss for the twelve months ended September 30, 2011, was $16,268,000 or $(2.07) per share, compared to net income of $6,323,000 or $0.80 per share for the twelve months ended September 30, 2010.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (“North American” or the “Bank”). North American operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri. The Bank also has loan origination offices in Kansas City, Lee’s Summit and Springfield, Missouri.
|NASB Financial, Inc. Financial Highlights(Dollars in thousands, except per share data)|
|Three Months Ended||Twelve Months Ended|
|Net interest income||$||13,255||13,176||12,994||52,166||53,848|
|Provision for loan losses||--||68||5,000||49,394||30,500|
|Income tax expense||4,310||2,748||1,522||(10,184||)||2,938|
|FINANCIAL CONDITION DATA:|
|Total loans and mortgage-backed and related securities, net||1,072,429||1,074,187||1,268,073||1,072,429||1,268,073|
|Customer and brokered deposit accounts||809,675||881,987||933,453||809,675||933,453|
|FINANCIAL RATIOS AND PER SHARE DATA:|
|Book value per share||$||19.11||18.38||21.32||19.11||21.32|
|Earnings per share||0.87||0.56||0.28||(2.07||)||0.80|
|Cash dividends paid per share||0.00||0.00||0.225||0.00||0.45|
|Return on assets (annualized net income divided by total average assets)||2.19||%||1.39||%||0.63||%||(1.21||)%||0.42||%|
|Return on equity (annualized net income divided by average stockholders' equity)||18.67||%||12.33||%||5.37||%||(10.23||)%||3.78||%|
|Weighted average shares outstanding||7,867,614||7,867,614||7,867,614||7,867,614||7,867,614|
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV