NASB Financial Q3 profit rises on higher net interest income - NASB News | RalliesNASB Financial Q3 profit rises on higher net interest income
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NASB• Overview
- US thrift holding company's Q3 net income and EPS rose yr/yr and quarter-over-quarter
- Net interest income for Q3 increased compared to both prior periods
- Book value per share and return on equity improved yr/yr
Key details
| Metric | Actual |
|---|
| Q3 EPS | $1.48 |
| Q3 Net Income | $10.56 mln |
| Q3 Net Interest Income | $22.54 mln |
| Q3 Credit Loss Provision | $250,000 |
Outlook and result drivers
- Company did not provide specific guidance or outlook for future quarters or full year in the press release
- Net interest income - Higher net interest income in Q3 compared to prior periods supported earnings
- Non-interest expense - Lower non-interest expense yr/yr contributed to improved profitability
- Credit loss provision - Reduced provision for credit losses yr/yr helped net income
