NASB Financial : February 9, 2022 NASB Financial Inc. Announces Financial Results

NASB Financial, Inc.

NEWS RELEASE

Contact: Rhonda Nyhus

Vice President

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 (February 9, 2022) - NASB Financial, Inc. (the "Company") (OTCQX: NASB) announced today net income for the quarter ended December 31, 2021, of $8.6 million or $1.16 per share. This compares to net income of $9.9 million or $1.34 per share for the quarter ended September 30, 2021, and compares to net income of $26.7 million or $3.61 per share for the quarter ended December 31, 2020.

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
			12/31/21	9/30/21	12/31/20
EARNINGS DATA:
Net interest income	$		22,348	22,629	25,698
Provision for loan losses			--	--	--
Non-interest income			22,339	24,358	46,689
Non-interest expense			33,345	34,884	37,238
Income tax expense			2,720	2,196	8,471
Net income	$		8,622	9,907	26,678
FINANCIAL CONDITION DATA:
Total assets	$		2,186,808	2,359,371	2,599,116
Total loans held for sale			360,836	576,927	675,383
Total loans held for investment and
mortgage-backed securities, net			1,381,376	1,392,783	1,535,963
Customer and brokered deposit
accounts			1,348,531	1,351,337	1,683,992
Stockholders' equity			394,943	393,346	374,189
FINANCIAL RATIOS AND PER SHARE DATA:
Book value per share	$		53.29	53.13	50.51
Earnings (loss) per share			1.16	1.34	3.61
Cash dividends paid per share			0.75	2.00	0.55
Return on assets (annualized net income
divided by total average assets)			1.52%	1.70%	4.14%
Return on equity (annualized net income
divided by average stockholders' equity)			8.75%	10.01%	29,46%
Weighted average shares outstanding			7,408,720	7,402,738	7,400,089