NASB Financial Grows Loan Book, Boosts Net Interest Income and Quarterly Earnings

Kansas City thrift grows loan book as net interest income strengthens

NASB Financial is showing modest growth in earnings driven by a larger loan portfolio and stable net interest margins. The company reports net income of $8.3 million, or $1.15 per share, for the quarter ended Dec. 31, 2025, up 3% sequentially and 4.3% year-over-year. Net interest income totals $20.96 million for the quarter, rising $1.396 million (7.1%) from the year-ago quarter even as it slips $202,000 (1.0%) from the prior quarter, reflecting a mix of lending growth and funding cost dynamics.

A key aspect of the quarter is the absence of a provision for credit losses; NASB records no provision versus a $66,000 charge in the year-ago quarter. That aligns with continued asset quality and underwriting in its mortgage franchise. Non-interest income is $1.89 million and non-interest expense is $11.84 million, with an income tax expense of $2.71 million, producing the quarter’s net result. Management’s operating profile shows steady fee income and controlled expenses supporting profitability amid a competitive mortgage environment.

Balance-sheet expansion underpins the operating performance. Total assets rise to $2.967 billion, up $33.6 million (1.1%) from the prior quarter, while loans held for investment and mortgage-backed securities net stand at $2.209 billion. Customer and brokered deposits increase $51.1 million (2.8%) to $1.874 billion, sustaining funding for the loan book. Stockholders’ equity grows to $436.6 million, lifting book value per share to $60.36 from $59.78, which signals incremental capital accumulation from retained earnings.

Roots in Kansas City, nationwide mortgage reach

NASB Financial is the unitary thrift holding company for North American Savings Bank, F.S.B., serving customers in the Kansas City metro area since 1927 while offering residential and commercial mortgages nationwide. The company emphasizes the safety of a federal institution and a dual focus on local banking and broader mortgage origination and servicing.

Regulatory and contact details

NASB trades on OTCQX under the ticker NASB and directs interested parties to nasb.com for further corporate and regulatory information. The firm’s quarterly disclosures highlight its lending-centric strategy and conservative credit posture as it navigates the U.S. mortgage and deposit markets.