NASB Financial, Inc. Announces Financial Results

Core Viewpoint - NASB Financial, Inc. reported a net income of $6.9 million for the quarter ended June 30, 2025, reflecting an increase from the previous quarter and a slight increase year-over-year [1][2]. Financial Performance - For the quarter ended June 30, 2025, net income was $6.9 million or $0.96 per share, compared to $5.8 million or $0.80 per share for the quarter ended March 31, 2025, and $6.8 million or $0.92 per share for the quarter ended June 30, 2024 [1]. - For the nine months ended June 30, 2025, net income totaled $20.7 million or $2.86 per share, down from $22.1 million or $2.99 per share for the same period in 2024 [2]. Financial Highlights - Net interest income for the quarter was $19.957 million, compared to $19.560 million in the previous quarter and $19.802 million in the same quarter last year [4]. - Provision for credit losses was $370 thousand for the quarter, up from $135 thousand in the previous quarter and a recovery of $9 thousand in the same quarter last year [4]. - Non-interest income increased to $2.4 million from $518 thousand in the previous quarter and $1.174 million in the same quarter last year [4]. - Non-interest expense was $12.833 million, slightly up from $12.240 million in the previous quarter and $12.399 million in the same quarter last year [4]. - Total assets as of June 30, 2025, were $2.939 billion, a decrease from $3.034 billion in the previous quarter and an increase from $2.787 billion year-over-year [4]. - Total loans held for investments and mortgage-backed securities were $2.162 billion, consistent with the previous quarter and slightly up from $2.161 billion year-over-year [4]. - Customer and brokered deposit accounts totaled $1.835 billion, down from $1.918 billion in the previous quarter and up from $1.700 billion year-over-year [4]. - Stockholders' equity increased to $423.572 million from $420.814 million in the previous quarter and $407.079 million year-over-year [4]. Financial Ratios - Book value per share was $58.70, up from $58.18 in the previous quarter and $55.06 year-over-year [4]. - Earnings per share for the quarter was $0.96, compared to $0.80 in the previous quarter and $0.92 year-over-year [4]. - Return on assets (annualized) was 0.92%, up from 0.78% in the previous quarter and down from 0.96% year-over-year [4]. - Return on equity (annualized) was 6.54%, up from 5.57% in the previous quarter and down from 6.70% year-over-year [4].