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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

NASB Financial, Inc. Announces Financial Results

NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended September 30, 2012, of $7,741,000 or $0.98 per share. This compares to net income of $5,055,000 or $0.64 per share for the quarter ended June 30, 2012, and compares to net income of $6,885,000 or $0.87 per share for the quarter ended September 30, 2011.

Net income for the twelve months ended September 30, 2012, was $18,110,000 or $2.30 per share, compared to a net loss of $16,268,000 or $(2.07) per share for the twelve months ended September 30, 2011.

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (“North American” or the “Bank”). As of September 30, 2012, the Bank’s tier 1 leverage ratio and total risk-based capital ratio was 14.06% and 18.22%, respectively. These ratios exceed the tier 1 leverage and total risk-based individual minimum capital ratios of 10% and 13%, respectively, that are prescribed in a consent order that the Bank signed with the Office of the Comptroller of the Currency on May 22, 2012.

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
9/30/12     6/30/12     9/30/11 9/30/12     9/30/11
EARNINGS DATA:
Net interest income $ 11,547 11,716 13,255 49,479 52,166
Provision for loan losses -- 3,000 -- 10,500 49,394
Non-interest income 18,896 15,561 10,756 53,295 24,474
Non-interest expense 17,856 16,063 12,816 62,827 53,698
Income tax expense 4,846     3,159     4,310 11,337     (10,184)
Net income $ 7,741     5,055     6,885 18,110     (16,268)
 
FINANCIAL CONDITION DATA:
Total assets $ 1,240,826 1,220,569 1,253,584 1,240,826 1,253,584

Total loans and mortgage-backed and  related securities, net

 

 

925,081

925,279

1,072,429

925,081

1,072,429

Customer and brokered deposit accounts 892,313 865,416 809,675 892,313 809,675
Stockholders' equity 171,503 161,209 150,378 171,503 150,378
 
FINANCIAL RATIOS AND PER SHARE DATA:
Book value per share $ 21.80 20.49 19.11 21.80 19.11
Earnings per share 0.98 0.64 0.87 2.30 (2.07)
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)

 

 

2.52%

1.68%

2.19%

1.45%

(1.21)%

Return on equity (annualized net income  divided by average stockholders' equity)

 

 

18.61%

12.73%

18.67%

11.25%

(10.23)%

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




1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,035.41 -4.08 -0.02%
S&P 500 1,988.42 -3.95 -0.20%
NASDAQ 4,523.9760 -8.1280 -0.18%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs