NASB Financial, Inc. Announces Financial Results
Net income for the six months ended
(Financial Highlights Schedule Attached)
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Three Months Ended |
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Six Months Ended |
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EARNINGS DATA: |
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Net interest income |
$ |
19,356 |
18,877 |
21,508 |
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38,233 |
43,585 |
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Provision for credit losses |
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14 |
(1,468) |
-- |
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(1,454) |
-- |
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Non-interest income |
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2,931 |
1,125 |
1,156 |
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4,056 |
2,300 |
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Non-interest expense |
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12,535 |
12,016 |
15,233 |
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24,551 |
29,105 |
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Income tax expense |
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2,045 |
1,817 |
1,828 |
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3,862 |
4,128 |
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Income (loss) from discontinued operations, net of tax |
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-- |
-- |
(3,702) |
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-- |
(6,059) |
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Net income |
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$ |
7,693 |
7,637 |
1,901 |
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15,330 |
6,593 |
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FINANCIAL CONDITION DATA: |
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Total assets |
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$ |
2,862,808 |
2,752,294 |
2,761,904 |
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2,862,808 |
2,761,904 |
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Total loans held for investments and mortgage-backed securities, net |
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2,166,975 |
2,163,559 |
2,144,966 |
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2,166,975 |
2,144,966 |
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Customer and brokered deposit accounts |
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1,776,611 |
1,699,188 |
1,729,421 |
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1,776,611 |
1,729,421 |
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Stockholders' equity |
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402,393 |
398,966 |
382,170 |
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402,393 |
382,170 |
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FINANCIAL RATIOS AND PER SHARE DATA: |
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Book value per share |
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$ |
54.43 |
53.93 |
51.59 |
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54.43 |
51.59 |
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Earnings per share |
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1.04 |
1.03 |
0.26 |
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2.07 |
0.89 |
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Cash dividends paid per share |
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0.25 |
0.25 |
0.25 |
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0.50 |
1.10 |
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Return on assets (annualized net income divided by total average assets) |
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1.10 % |
1.10 % |
0.29 % |
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1.08 % |
0.49 % |
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Return on equity (annualized net income divided by average stockholders' equity) |
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7.68 % |
7.78 % |
2.00 % |
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7.78 % |
3.47 % |
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Weighted average shares outstanding |
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7,395,810 |
7,392,679 |
7,412,861 |
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7,394,236 |
7,412,823 |
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