NASB Financial, Inc. Announces Financial Results

GRANDVIEW, Mo., Dec. 15, 2017

Net income for the year ended September 30, 2017 increased $7.0 million, or 31.3%, to $29.4 million or $3.98 per share, compared to net income of $22.4 million  or $3.02 per share for the twelve months ended September 30, 2016. 

The decline in earnings for the three months ended September 30, 2017, as compared to the same period in the prior year, was primarily attributable to a decrease in non-interest income resulting from a lower volume of mortgage loans sold during the current fiscal quarter.  This decline was largely offset by higher interest income due to growth in the average portfolio of loans held for investment of $168.9 million, or 12.3%, from the prior year, anda decrease in non-interest expense resulting from lower loan origination volume in the Company's mortgage banking division.  The improved earnings for the year ended September 30, 2017, as compared to the year ended September 30, 2016, were primarily attributable to the increase in average portfolio loan balances of $268.3 million, or 22.3%.

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)