Welcome to our dedicated page for NASB FINCL news (Ticker: NASB), a resource for investors and traders seeking the latest updates and insights on NASB FINCL stock.
North American Savings Bank Financial, Inc. (NASB) has been a beacon of financial leadership since its inception in 1927. Headquartered in the Kansas City metropolitan area, NASB Financial, Inc. operates as a unitary thrift holding company for North American Savings Bank, F.S.B. (NASB). With a conservative approach, NASB has built a robust financial foundation, boasting over $1 billion in assets.
NASB offers a comprehensive range of retail banking products and services. Their portfolio includes personal banking, commercial banking, and a wide array of lending solutions. As one of the nation's premier home mortgage lenders, NASB has funded more than $8.0 billion in home loans since 2008, demonstrating their commitment to providing secure and competitive mortgage options nationwide.
The bank operates nine deposit branch locations, three residential loan origination offices, and one residential construction loan origination office, primarily serving the Kansas City area. They are dedicated to meeting the financial needs of their community while maintaining the security and reliability expected of a federal institution.
Recent financial performance highlights include:
- For the quarter ended September 30, 2023, NASB reported a net income of $6.6 million or $0.90 per share.
- For the quarter ended December 31, 2023, net income increased to $7.6 million or $1.03 per share.
- For the quarter ended March 31, 2024, the company reported a net income of $7.7 million or $1.04 per share.
These results reflect NASB's consistent financial growth and strategic adjustments, such as their exit from the consumer direct lending business, which incurred pre-tax charges but ultimately strengthened their focus on core operations.
For those interested in a career with NASB, the bank prides itself on being a great place to work, offering a supportive and dynamic work environment. More information can be found on their careers page.
With a strong emphasis on community involvement and customer-focused services, NASB continues to be a reliable financial partner for individuals and businesses alike. For further details, visit their official website at nasb.com.
NASB Financial (OTCQX: NASB) reported net income of $6.1 million ($0.84 per share) for Q4 2024, compared to $6.8 million ($0.92 per share) in Q3 2024 and $6.6 million ($0.90 per share) in Q4 2023. For the full fiscal year 2024, net income reached $28.3 million ($3.83 per share), up from $21.6 million ($2.92 per share) in FY2023.
The company's total assets stood at $2.86 billion, with net loans and mortgage-backed securities at $2.17 billion. Customer and brokered deposits were $1.73 billion, while stockholders' equity reached $413.2 million. The book value per share increased to $57.18, and the company maintained a quarterly dividend of $0.25 per share.
NASB Financial (OTCQX: NASB) has announced a quarterly cash dividend of $0.25 per share. The dividend will be paid on December 27, 2024, to stockholders of record as of December 16, 2024. North American Savings Bank, operating since 1927, serves customers in the Kansas City metro area with personal banking and lending products, while offering nationwide competitive residential and commercial mortgages as a Federal financial institution.
NASB Financial, Inc. (OTCQX: NASB) has announced the upcoming retirement of its Chief Executive Officer, Thomas B. Wagers, following the annual stockholders meeting in January 2025. Enrique Venegas has been appointed as the new CEO and President of both NASB Financial, Inc. and North American Savings Bank, F.S.B., effective October 1, 2024. Mr. Venegas, previously NASB's Executive Vice-President and Chief Lending Officer, brings over twenty years of banking experience to the role.
Mr. Wagers will continue to serve on the Board of Directors for both entities after his retirement. NASB Chairman David Hancock praised Wagers' leadership through challenging times and his role in positioning the company for future success. The Board expressed confidence in Venegas' ability to lead the company forward and achieve its mission.
NASB Financial, Inc. (OTCQX: NASB) has announced a quarterly cash dividend of $0.25 per share. The dividend will be paid on September 27, 2024, to stockholders of record on September 13, 2024. NASB Financial is the holding company for North American Savings Bank, F.S.B., which has been serving customers' financial needs since 1927. The bank offers personal banking and lending products in the Kansas City metro area, as well as competitive residential and commercial mortgages nationwide. NASB operates as a Federal financial institution, providing safety and security for its customers.
NASB Financial, Inc. (OTCQX: NASB) reported net income of $6.8 million or $0.92 per share for the quarter ended June 30, 2024. This represents a decrease from $7.7 million ($1.04 per share) in the previous quarter and $8.4 million ($1.14 per share) in the same quarter last year. For the nine months ended June 30, 2024, net income was $22.1 million or $2.99 per share, up from $15.0 million ($2.03 per share) in the same period last year. The company's total assets stood at $2.79 billion, with total loans and mortgage-backed securities at $2.16 billion. Customer and brokered deposits were $1.70 billion, while stockholders' equity reached $407.1 million. The book value per share increased to $55.06, and the company maintained a quarterly dividend of $0.25 per share.
NASB Financial, which trades under the symbol NASB on OTCQX, has announced a new stock repurchase program authorized by its Board of Directors. This program allows for the repurchase of up to $25 million worth of the company's common stock and will run until June 1, 2027, unless terminated earlier. Shares can be bought back in various ways, including open market transactions and privately negotiated deals. The program's execution will depend on several factors, such as stock price, market conditions, and legal requirements. The company is not obligated to acquire any specific amount of stock and can suspend the program at any time.
NASB Financial, a thrift holding company, announced a quarterly cash dividend of $0.25 per share. The dividend will be paid on June 28, 2024, to shareholders on record by June 14, 2024. This announcement underlines NASB's continued commitment to providing value to its investors.
NASB Financial, through its subsidiary North American Savings Bank, offers a wide range of personal banking and lending products, including competitive residential and commercial mortgages. The company has been serving the Kansas City metro area since 1927 and benefits from the safety and security of being a Federal financial institution.
NASB Financial, Inc. reported net income of $7.7 million or $1.04 per share for the quarter ended March 31, 2024. This is a slight increase from the previous quarter and a significant improvement from the same period last year. The company's earnings for the six months ended March 31, 2024, were $15.3 million or $2.07 per share, showing a strong performance. NASB Financial, Inc. is the holding company for North American Savings Bank, F.S.B., offering personal banking and lending products. The company has competitive residential and commercial mortgage offerings nationwide.
FAQ
What is the current stock price of NASB FINCL (NASB)?
What is the market cap of NASB FINCL (NASB)?
What does NASB Financial, Inc. (NASB) do?
How long has NASB been in operation?
Where is NASB located?
What types of loans does NASB offer?
How has NASB performed financially in recent quarters?
What significant changes have occurred at NASB recently?
How much in assets does NASB manage?
What is the total amount of home loans funded by NASB since 2008?
Is NASB a member of any federal institutions?
How can I learn more about career opportunities at NASB?
