NASB Financial, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
May 12, 2022 at 01:53 pm EDT
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NASB Financial, Inc. reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported net interest income was USD 20.94 million compared to USD 24.63 million a year ago. Net income was USD 8.82 million compared to USD 25.97 million a year ago. Basic earnings per share from continuing operations was USD 1.19 compared to USD 3.51 a year ago.
For the six months, net interest income was USD 43.29 million compared to USD 50.33 million a year ago. Net income was USD 17.44 million compared to USD 52.65 million a year ago. Basic earnings per share from continuing operations was USD 2.35 compared to USD 7.11 a year ago.
NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (the Bank). The Bank is engaged in providing an array of personal banking, investment and lending products in the Kansas City metro area. The Bank offers residential and commercial mortgages. It offers banking solutions including checking accounts, savings accounts, certificates of deposits (CDs), money market accounts, mortgage loans and commercial loans. Its lending activities include home loans, mortgage refinances, mortgage programs and mortgage customer service. Its investment real estate lending includes commercial real estate loans, construction and development loans, individual retirement account lending and investment property loan. Its branches are located in Grandview, Lee's Summit, Independence, Harrisonville, Kansas City, Platte City, Excelsior Springs, St. Joseph and Lexington, Missouri.