NASB Financial Q3 profit rises on higher net interest income
NASB Financial Q3 profit rises on higher net interest income
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
Outlook
Company did not provide specific guidance or outlook for future quarters or full yr in the press release
Result Drivers
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
Company press release: ID:nPn9CGKpka
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| $1.48 |
|
Q3 Net Income |
| $10.56 mln |
|
Q3 Net Interest Income |
| $22.54 mln |
|
Q3 Credit Loss Provision |
| $250,000 |
|
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Aug 4 - Cornerstone Bancorp Q2 profit rises on net interest margin improvement
Aug 3 - Oxford Bank's Q2 net income dips on higher noninterest expense
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)