Fri. Jan 24th, 2020

NASB Financial, Inc. Announces Fiscal Results

5 min read

NASB Financial, Inc. (the “Company”) (OTCQX: NASB) declared today that net income for the quarter finished September 30, 2k19, of $14,004,000.00 or $1.900 for each share.  This compares to net income of $13,328,000.00 or $1.800 for each share for the quarter finished June 30, 2k19, and $8,477,000.00 or $1.150 for each share for the quarter finished September 30, 2k18.

Net income for the year finished September 30, 2k19, was $43,167,000.00 or $5.850 for each share.  This compares to net income of $29,131,000.00 or $3.940 for each share for the year finished September 30, 2k18.  The incline in earnings for the current year was primarily attributable to higher asset balances, inclined mortgage banking activity, and a one-time gain from the sale of real estate owned by the Company.

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