NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended March 31, 2012, of $375,000 or $0.05 per share. This compares to net income of $4,939,000 or $0.63 per share for the quarter ended December 31, 2011, and compares to a net loss of $24,507,000 or $(3.11) per share for the quarter ended March 31, 2011.
Net income for the six months ended March 31, 2012, was $5,314,000 or $0.68 per share, compared to a net loss of $27,542,000 or $(3.50) per share for the six months ended March 31, 2011.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (“North American” or the “Bank”). North American operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri. The Bank also has loan origination offices in Kansas City, Lee’s Summit and Springfield, Missouri.
|NASB Financial, Inc.|
|(Dollars in thousands, except per share data)|
|Three Months Ended||Six Months Ended|
|Net interest income||$||12,097||14,119||12,695||26,216||25,735|
|Provision for loan losses||5,000||2,500||38,800||7,500||49,326|
|Income tax expense (benefit)||240||3,092||(15,342||)||3,332||(17,242||)|
|Net income (loss)||$||375||4,939||(24,507||)||5,314||(27,542||)|
|FINANCIAL CONDITION DATA:|
Total loans and mortgage-backed and related securities
Customer and brokered deposit accounts
|FINANCIAL RATIOS AND PER SHARE DATA:|
|Book value per share||$||19.90||19.75||17.83||19.90||17.83|
|Earnings (loss) per share||0.05||0.63||(3.11||)||0.68||(3.50||)|
|Cash dividends paid per share||0.00||0.00||0.00||0.00||0.00|
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||7,867,614||7,867,614|
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