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08.08.2018 00:17:00

NASB Financial, Inc. Announces Financial Results

NASB Financial, Inc. Announces Financial ResultsPR NewswireGRANDVIEW, Mo., Aug. 7, 2018GRANDVIEW, Mo., Aug. 7, 2018 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX:NASB) announced today net income for the quarter ended June 30, 2018, of $7,531,000 or $1.02 per share.  This compares to net income of $6,408,000 or $0.87 per share for the quarter ended March 31, 2018, and compares to net income of $6,707,000 or $0.91 per share for the quarter ended June 30, 2017.During the quarter ended March 31, 2018, the Company reduced its estimated federal income tax rate to 24.5%, as a result of the Tax Cuts and Jobs Act, which was enacted on December 22, 2017.  For periods prior to March 31, 2018, the Company's federal income tax rate was 35%.  Although the resulting reduction in corporate tax rates was not effective until January 1, 2018, the Company recorded a $1.2 million impairment of its deferred tax asset during the quarter ended December 31, 2017, upon enactment of the legislation. Net income for the nine months ended June 30, 2018, was $20,654,000 or $2.80 per share.  This compares to net income of $22,176,000 or $3.00 per share for the nine months ended June 30, 2017. 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 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.NASB Financial, Inc.Financial Highlights(Dollars in thousands, except per share data)Three Months EndedNine Months Ended    6/30/18    3/31/18   6/30/17   6/30/18   6/30/17EARNINGS DATA:Full story available on Benzinga.com
Weiter zum vollständigen Artikel bei "Benzinga"