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 $(2.07) per share for the twelve months ended September 30, 2011.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (“North American” or the “Bank”). As of September 30, 2012, the Bank’s tier 1 leverage ratio and total risk-based capital ratio was 14.06% and 18.22%, respectively. These ratios exceed the tier 1 leverage and total risk-based individual minimum capital ratios of 10% and 13%, respectively, that are prescribed in a consent order that the Bank signed with the Office of the Comptroller of the Currency on May 22, 2012.
North American operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri. The Bank also has loan origination offices in Kansas City, Lee’s Summit and Springfield, Missouri.
|NASB Financial, Inc.|
|(Dollars in thousands, except per share data)|
|Three Months Ended||Twelve Months Ended|
|Net interest income||$||11,547||11,716||13,255||49,479||52,166|
|Provision for loan losses||--||3,000||--||10,500||49,394|
|Income tax expense||4,846||3,159||4,310||11,337||(10,184)|
|FINANCIAL CONDITION DATA:|
|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|
|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|
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