NASB Financial : August 10, 2022 NASB Financial Inc. Announces Financial Results

NASB Financial, Inc.

NEWS RELEASE

Contact: Rhonda Nyhus

NASB Financial, Inc.

903 E. 104th Street, Suite 400

Kansas City, MO 64131

Phone [phone]

FOR IMMEDIATE RELEASE:

NASB Financial, Inc. Announces Financial Results

Kansas City, Missouri (August 10, 2022) - NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended June 30, 2022, of $10.1 million or $1.37 per share. This compares to net income of $8.8 million or $1.19 per share for the quarter ended March 31, 2022, and compares to net income of $11.2 million or $1.51 per share for the quarter ended June 30, 2021.

Net income for the nine months ended June 30, 2022, was $27.6 million or $3.72 per share. This compares to net income of $63.8 million or $8.62 per share for the nine months ended June 30, 2021.

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. ("NASB"). Since 1927, NASB has been serving the financial needs of customers by providing an array of personal banking 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)

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NASB Financial, Inc.

Financial Highlights

(Dollars in thousands, except per share data)

		Three Months Ended
		6/30/22	3/31/22	6/30/21
EARNINGS DATA:
Net interest income	$	21,914	20,942	24,891
Provision for loan losses		--	--	--
Non-interest income		16,276	18,153	26,521
Non-interest expense		25,041	27,677	37,654
Income tax expense (benefit)		3,025	2,599	2,604
Net income (loss)	$	10,124	8,819	11,154
FINANCIAL CONDITION DATA:
Total assets	$	2,478,684	2,206,699	2,310,047
Total loans held for sale		220,131	166,625	459,896
Total loans held for investments and
mortgage-backed securities, net		1,784,758	1,531,834	1,345,211
Customer and brokered deposit
accounts		1,354,561	1,357,520	1,425,946
Stockholders' equity		389,106	391,895	398,321

FINANCIAL RATIOS AND PER SHARE DATA:

Nine Months Ended

6/30/22 6/30/21

65,204	75,220
--	--
56,768	121,256
86,063	114,164
8,344	18,513
27,565	63,799

2,478,684 2,310,047

220,131 459,896

1,784,758 1,354,211

1,354,561 1,425,946

389,106 398,321

Book value per share	$
Earnings per share
Cash dividends paid per share

Return on assets (annualized net income divided by total average assets)

Return on equity (annualized net income divided by average stockholders' equity)

52.53	52.90	53.81
1.37	1.19	1.51
0.85	0.85	0.75
1.73%	1.61%	1.86%
10.37%	8.97%	11.31%

52.53 53.81

3.72 8.62

2.45 2.05

1.52% 3.50%

9.39% 22.72%

Weighted average shares outstanding	7,407,884	7,409,460	7,402,969

7,408,853 7,403,021