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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.
On September 6, 2022, NASB Financial, Inc. (OTCQX: NASB) declared a quarterly cash dividend of $0.85 per share. This dividend will be paid on September 30, 2022, to stockholders of record on September 16, 2022. NASB Financial, a unitary thrift holding company for North American Savings Bank, has been operating since 1927, offering personal banking and lending services in the Kansas City area, and providing competitive residential and commercial mortgages nationwide.
NASB Financial, Inc. reported a net income of $10.1 million or $1.37 per share for the quarter ended June 30, 2022, representing an increase from $8.8 million or $1.19 per share in the previous quarter but a decrease from $11.2 million or $1.51 per share year-over-year. For the nine months ending June 30, 2022, the net income stood at $27.6 million or $3.72 per share, significantly lower than $63.8 million or $8.62 per share for the same period in 2021.
NASB Financial reported net income of $8.8 million or $1.19 per share for the quarter ending March 31, 2022, a slight increase from $8.6 million or $1.16 per share in the previous quarter. However, this represents a significant decrease compared to $26.0 million or $3.51 per share for the same quarter in 2021. For the first six months of 2022, net income totaled $17.4 million or $2.35 per share, down from $52.6 million or $7.11 per share in 2021. The company continues to operate as a prominent thrift holding company in the Kansas City area.
On March 28, 2022, NASB Financial, Inc. (OTCQX: NASB) announced the resignation of CEO Paul Thomas, effective March 25, 2022. He will assist during the transition until April 30, 2022. Thomas B. Wagers, Sr., previously Executive VP and Chief Risk Officer, has been appointed as the new CEO and President. Board Chairman David Hancock praised Thomas's contributions since 2013 and expressed confidence in Wagers's 30+ years of banking experience to support NASB's ongoing growth, especially in mortgage banking.
On March 2, 2022, NASB Financial, Inc. declared a quarterly cash dividend of $0.85 per share, scheduled for payment on March 25, 2022, to stockholders of record by March 14, 2022. Operating since 1927, NASB is a leading financial institution serving the Kansas City area, offering a range of personal banking and lending services. The company is recognized for providing competitive residential and commercial mortgages, ensuring safety and financial security for its customers.
NASB Financial, Inc. reported a net income of $8.6 million or $1.16 per share for Q4 2021, a decline from $9.9 million or $1.34 per share in Q3 2021 and $26.7 million or $3.61 per share in Q4 2020. The total assets decreased to $2.19 billion from $2.36 billion in the previous quarter. The net interest income slightly fell to $22.35 million, while non-interest income dropped to $22.34 million, compared to previous quarters. The earnings outlook shows a decrease, indicating potential challenges ahead.
NASB Financial, Inc. (OTCQX: NASB) reported a net income of $9.9 million or $1.34 per share for Q4 FY2021, down from $11.2 million or $1.51 per share sequentially and $39.2 million or $5.30 year-over-year. Full-year net income was $73.7 million or $9.96 per share, a decline from $103.5 million or $14.02 in 2020. The decrease was mainly due to lower mortgage banking profits.
NASB Financial, Inc. (OTCQX: NASB) declared a quarterly cash dividend of $0.75 per share on December 3, 2021. The dividend will be paid on December 27, 2021 to shareholders of record on December 13, 2021. This announcement underscores NASB's commitment to returning income to its shareholders while continuing to serve the financial needs of customers in the Kansas City metro area and beyond, through competitive residential and commercial mortgages.
On September 2, 2021, NASB Financial declared a special cash dividend of $1.25 per share and a regular quarterly cash dividend of $0.75 per share, totaling $2.00 per share. Both dividends will be paid on September 24, 2021, to stockholders of record as of September 13, 2021. This announcement reflects NASB's commitment to returning value to its shareholders and underlines its stable financial position.
NASB Financial reported a net income of $11.2 million or $1.51 per share for the quarter ended June 30, 2021, down from $26.0 million or $3.51 per share in the previous quarter and $40.5 million or $5.48 per share a year earlier. The decline in earnings is primarily due to reduced mortgage banking profits. For the nine-month period, net income was $63.8 million, slightly lower than $64.3 million for the same period last year.
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