NASB Financial, Inc. Announces Financial Results

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NASB Financial reported a decline in quarterly earnings with net income of $5.8 million ($0.80 per share) for Q1 2025, down from $8.0 million ($1.10 per share) in Q4 2024 and $7.7 million ($1.04 per share) in Q1 2024. Six-month earnings reached $13.8 million ($1.90 per share), lower than $15.3 million ($2.07 per share) in the same period last year. The company's total assets grew to $3.03 billion, with customer deposits increasing to $1.92 billion. Key metrics showed deterioration with Return on Assets falling to 0.78% from 1.10% and Return on Equity declining to 5.57% from 7.69% quarter-over-quarter. Book value per share improved to $58.18, while maintaining a quarterly dividend of $0.25 per share.

Positive

Total assets increased to $3.03 billion from $2.92 billion in previous quarter
Customer and brokered deposits grew to $1.92 billion from $1.80 billion quarter-over-quarter
Book value per share improved to $58.18 from $57.20 in previous quarter
Maintained steady quarterly dividend of $0.25 per share

Negative

Net income declined 25% to $5.8 million from $8.0 million in previous quarter
Earnings per share decreased to $0.80 from $1.10 quarter-over-quarter
Return on Assets fell to 0.78% from 1.10% in previous quarter
Return on Equity declined to 5.57% from 7.69% quarter-over-quarter
Non-interest income dropped significantly to $518,000 from $3.12 million in previous quarter

05/07/2025 - 07:31 PM

KANSAS CITY, Mo., May 7, 2025 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended March 31, 2025, of $5.8 million or $0.80 per share.听 This compares to net income of $8.0 million or $1.10 per share for the quarter ended December 31, 2024, and compares to net income of $7.7 million or $1.04 per share for the quarter ended March 31, 2024. 听

Net income for the six months ended March 31, 2025, was $13.8 million or $1.90 per share.听 This compares to net income of $15.3 million or $2.07 per share for the six months ended March 31, 2024.听

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB").听 Since 1927, NASB has been serving the financial needs of customers by听providing听an array of personal banking and lending products听in the Kansas City metro area.听 NASB offers competitive residential and commercial mortgages听nationwide with the safety and security of a Federal institution.听 For more information, visit .

(Financial Highlights Schedule Attached)

NASB Financial, Inc.
Financial Highlights
(Dollars in thousands, except per share data)

					Three Months Ended				Six Months Ended
					3/31/25	12/31/24		3/31/24	听 3/31/25	听 3/31/24
EARNINGS DATA:
		Net interest income	$		19,560	19,564		19,356	39,124	38,233
		Provision for credit losses			135	66		14	201	(1,454)
		Non-interest income			518	3,124		2,931	3,642	4,056
		Non-interest expense			12,240	12,073		12,535	24,313	24,551
		Income tax expense			1,895	2,595		2,045	4,490	3,862
		听听听听 Net income	$		5,808	7,954		7,693	13,762	15,330

FINANCIAL CONDITION DATA:
	Total assets		$		3,033,963	2,919,263	2,862,808		3,033,963	2,862,808
	Total loans held for investments and 听听听听听听 mortgage-backed securities, net				2,155,237	2,186,076	2,166,975		2,155,237	2,166,975
	Customer and brokered deposit听听听听听听听听听听听accounts			1,917,821		1,800,419	1,776,611		1,917,821	1,776,611
	Stockholders' equity			420,814		413,891	402,393		420,814	402,393

FINANCIAL RATIOS AND PER SHARE DATA:
	Book value per share			$听听听听听听 58.18		57.20	54.43		58.18	54.43
	Earnings per share			0.80		1.10	1.04		1.90	2.07
	Cash dividends paid per share			0.25		0.25	0.25		0.50	0.50

	Return on assets (annualized net income听听听听听听听divided by total average assets)			0.78听%		1.10听%	1.10听%		0.93听%	1.08听%
	Return on equity (annualized net income听听听听听听听divided by average stockholders' equity)			5.57听%		7.69听%	7.68听%		6.60听%	7.78听%

	Weighted average shares outstanding			7,234,733		7,232,473	7,395,810		7,233,591	7,394,236

听

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SOURCE NASB Financial, Inc.

FAQ

What was NASB Financial's (NASB) earnings per share for Q1 2025?

NASB Financial reported earnings of $0.80 per share for Q1 2025, down from $1.10 in Q4 2024 and $1.04 in Q1 2024.

How much did NASB Financial's net income decrease in Q1 2025?

NASB Financial's net income decreased to $5.8 million in Q1 2025, down from $8.0 million in Q4 2024, representing a 25% decline.

What is NASB Financial's current quarterly dividend payment?

NASB Financial maintains a quarterly dividend payment of $0.25 per share.

How did NASB's total assets change in Q1 2025?

NASB's total assets increased to $3.03 billion in Q1 2025, up from $2.92 billion in Q4 2024.

What was NASB Financial's Return on Equity (ROE) in Q1 2025?

NASB Financial's Return on Equity (ROE) was 5.57% in Q1 2025, down from 7.69% in the previous quarter.

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