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NASB Financial, Inc. Announces Financial Results
KANSAS CITY, Mo., May 8, 2024 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX:NASB) announced today net income for the quarter ended March 31, 2024, of $7.7 million or $1.04 per share. This compares to net income of $7.6 million or $1.03 per share for the quarter ended December 31, 2023, and compares to net income of $1.9 million or $0.26 per share for the quarter ended March 31, 2023. Earnings for the quarter ended March 31, 2023, included pre-tax charges of $4.6 million, or $0.47 per share, related to the Company's exit of its consumer direct lending business.
Net income for the six months ended March 31, 2024, was $15.3 million or $2.07 per share. This compares to net income of $6.6 million or $0.89 per share for the six months ended March 31, 2023.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"). Since 1927, NASB has been serving the financial needs of customers by providing an array of personal banking and lending products in the Kansas City metro area. NASB offers competitive residential and commercial mortgages nationwide with the safety and security of a Federal institution. For more information, visit nasb.com.
(Financial Highlights Schedule Attached)
NASB Financial, Inc.Financial Highlights(Dollars in thousands, except per share data)
Three Months Ended
Six Months Ended
3/31/24
12/31/23
3/31/23
3/31/24
3/31/23
EARNINGS DATA:
Net interest income
$
19,356
18,877
21,508
38,233
43,585
Provision for credit losses
14
(1,468)
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