NASB Financial, Inc. Announces Financial Results

GRANDVIEW, Mo., Aug. 10, 2017

Net income for the nine months ended June 30, 2017, was $22,176,000 or $3.00 per share.  This compares to net income of $14,365,000 or $1.94 per share for the nine months ended June 30, 2016.

The improved earnings for the nine months ended June 30, 2017, as compared to the nine months ended June 30, 2016, were primarily attributable to higher interest income due to growth in the portfolio of loans held for investment of approximately 27% from the prior year, and, to a lesser degree, an increase in non-interest income resulting from a higher volume of mortgage loans sold during the first quarter of the current fiscal year.  These increases in earnings were partially offset by an increase in non-interest expense, as mortgage origination costs increased in line with higher loan origination volumes in the Company's mortgage banking division.  The improved earnings for the three months ended June 30, 2017, as compared to the same period in the prior fiscal year, were primarily attributable to loan growth.

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"), a community bank headquartered in Grandview, Missouri.  Since 1927, NASB has been serving the financial needs of customers by providing an array of personal banking, investment and lending products in the Kansas City metro area.  Nationwide, NASB offers competitive residential and commercial mortgages with the safety and security of a Federal institution.  For more information, visit nasb.com.

(Financial Highlights Schedule Attached)