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NASB Financial

OTCPK:NASB
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NASB
OTCPK
$294M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

NASB Financial, Inc. operates as the unitary thrift holding company for North American Savings Bank, F.S.B. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • NASB Financial has significant price volatility in the past 3 months.
NASB Share Price and Events
7 Day Returns
-0.5%
OTCPK:NASB
-12.6%
US Mortgage
-2%
US Market
1 Year Returns
-1.5%
OTCPK:NASB
-35.8%
US Mortgage
-15.1%
US Market
NASB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NASB Financial (NASB) -0.5% -20.4% -9.5% -1.5% 3.6% 49.3%
US Mortgage -12.6% -37% -41.1% -35.8% -32.8% -20.3%
US Market -2% -19.7% -23.2% -15.1% 3.7% 14.4%
1 Year Return vs Industry and Market
  • NASB outperformed the Mortgage industry which returned -35.8% over the past year.
  • NASB outperformed the Market in United States of America which returned -15.1% over the past year.
Price Volatility
NASB
Industry
5yr Volatility vs Market

Value

 Is NASB Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of NASB Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for NASB Financial.

OTCPK:NASB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $31.37 * 12.7%
$3.98
Book Value of Equity per Share Median Book Value from the past 5 years. $31.37
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:NASB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (90.37%))
0.958
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.958 * 5.44%)
6.95%

Discounted Cash Flow Calculation for OTCPK:NASB using Excess Returns Model Model

The calculations below outline how an intrinsic value for NASB Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:NASB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.7% – 6.95%) * $31.37)
$1.80
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.80 / (6.95% - 1.74%)
$34.56
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $31.37 + $34.56
$65.93
OTCPK:NASB Discount to Share Price
Calculation Result
Value per share (USD) From above. $65.93
Current discount Discount to share price of $39.80
= -1 x ($39.80 - $65.93) / $65.93
39.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price NASB Financial is available for.
Intrinsic value
40%
Share price is $39.8 vs Future cash flow value of $65.93
Current Discount Checks
For NASB Financial to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NASB Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NASB Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for NASB Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NASB Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:NASB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $6.74
OTCPK:NASB Share Price ** OTCPK (2020-04-02) in USD $39.8
United States of America Mortgage Industry PE Ratio Median Figure of 120 Publicly-Listed Mortgage Companies 10.04x
United States of America Market PE Ratio Median Figure of 2,947 Publicly-Listed Companies 12.4x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of NASB Financial.

OTCPK:NASB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:NASB Share Price ÷ EPS (both in USD)

= 39.8 ÷ 6.74

5.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NASB Financial is good value based on earnings compared to the US Mortgage industry average.
  • NASB Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does NASB Financial's expected growth come at a high price?
Raw Data
OTCPK:NASB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Mortgage Industry PEG Ratio Median Figure of 46 Publicly-Listed Mortgage Companies 0x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.89x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for NASB Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NASB Financial's assets?
Raw Data
OTCPK:NASB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $31.37
OTCPK:NASB Share Price * OTCPK (2020-04-02) in USD $39.8
United States of America Mortgage Industry PB Ratio Median Figure of 132 Publicly-Listed Mortgage Companies 0.76x
United States of America Market PB Ratio Median Figure of 5,144 Publicly-Listed Companies 1.2x
OTCPK:NASB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:NASB Share Price ÷ Book Value per Share (both in USD)

= 39.8 ÷ 31.37

1.27x

* Primary Listing of NASB Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • NASB Financial is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess NASB Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. NASB Financial has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is NASB Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NASB Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2%
Expected Mortgage industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NASB Financial expected to grow at an attractive rate?
  • Unable to compare NASB Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NASB Financial's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare NASB Financial's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:NASB Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:NASB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:NASB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 153 50
2019-09-30 137 43
2019-06-30 124 38
2019-03-31 113 32
2018-12-31 110 31
2018-09-30 113 77 29
2018-06-30 114 28
2018-03-31 116 27
2017-12-31 117 26
2017-09-30 123 97 29
2017-06-30 128 30
2017-03-31 126 28

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NASB Financial is high growth as no earnings estimate data is available.
  • Unable to determine if NASB Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:NASB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from NASB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NASB Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 6.74
2019-09-30 5.85
2019-06-30 5.10
2019-03-31 4.31
2018-12-31 4.13
2018-09-30 3.94
2018-06-30 3.77
2018-03-31 3.66
2017-12-31 3.47
2017-09-30 3.98
2017-06-30 4.08
2017-03-31 3.80

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if NASB Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether NASB Financial is trading at NASB Financial'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. NASB Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access NASB Financial's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess NASB Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
NASB Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has NASB Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare NASB Financial's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • NASB Financial's year on year earnings growth rate has been positive over the past 5 years.
  • NASB Financial's 1-year earnings growth exceeds its 5-year average (62.9% vs 16.3%)
  • NASB Financial's earnings growth has exceeded the US Mortgage industry average in the past year (62.9% vs 10.9%).
Earnings and Revenue History
NASB Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from NASB Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:NASB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 152.56 49.72
2019-09-30 137.21 43.17
2019-06-30 123.50 37.64 56.68
2019-03-31 112.59 31.84 56.68
2018-12-31 109.52 30.53 56.68
2018-09-30 112.60 29.13 56.68
2018-06-30 114.12 27.88
2018-03-31 116.26 27.05
2017-12-31 117.39 25.65
2017-09-30 123.00 29.40 60.37
2017-06-30 128.49 30.20
2017-03-31 125.60 28.12
2016-12-31 123.06 27.09
2016-09-30 111.27 22.39
2016-06-30 99.17 18.48
2016-03-31 104.04 23.00
2015-12-31 103.56 23.06
2015-09-30 99.88 21.56
2015-06-30 98.40 21.36 47.74
2015-03-31 88.76 16.79 47.74
2014-12-31 90.22 18.94 47.04
2014-09-30 86.60 16.68 47.74
2014-06-30 91.26 19.29 47.73
2014-03-31 90.54 16.47 49.44
2013-12-31 101.54 21.31 48.93
2013-09-30 115.03 27.63 48.96
2013-06-30 118.85 28.85 48.26

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst NASB Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Unable to establish if NASB Financial has efficiently used its assets last year compared to the US Mortgage industry average (Return on Assets) as past financial data has not been reported.
  • Unable to establish if NASB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess NASB Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
NASB Financial has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is NASB Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of NASB Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from NASB Financial Company Filings, last reported 3 months ago.

OTCPK:NASB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31
2019-09-30
2019-06-30
2019-03-31
2018-12-31 231.68 265.77 5.50
2018-09-30 231.68 265.77 5.50
2018-06-30
2018-03-31
2017-12-31
2017-09-30 232.97 508.77 43.31
2017-06-30
2017-03-31
2016-12-31
2016-09-30
2016-06-30
2016-03-31
2015-12-31
2015-09-30
2015-06-30
2015-03-31 201.07 295.77 14.19
2014-12-31 201.07 295.77 14.19
2014-09-30 199.89 175.77 8.54
2014-06-30 205.53 240.77 8.63
2014-03-31 200.37 216.77 6.35
2013-12-31 191.99 235.77 6.03
2013-09-30 195.52 180.77 6.35
2013-06-30 190.58 125.77 28.07
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if NASB Financial has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if NASB Financial's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • NASB Financial reports no customer deposits, loans are made up entirely of borrowed funds.
  • Unable to establish if NASB Financial's level of assets compared to its equity is high without balance sheet data.
  • Unable to establish if NASB Financial has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if NASB Financial has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess NASB Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. NASB Financial has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is NASB Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.53%
Current annual income from NASB Financial dividends.
If you bought $2,000 of NASB Financial shares you are expected to receive $111 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • NASB Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (2.05%).
  • NASB Financial's dividend is below the markets top 25% of dividend payers in United States of America (5.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:NASB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 88 Stocks 5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1938 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2.1%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:NASB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-06 2.200 5.254
2019-12-06 2.000 4.305
2019-09-06 2.000 4.617
2019-06-10 2.000 4.860
2019-03-05 2.000 4.911
2018-12-04 2.000 5.093
2018-08-21 2.000 4.951
2018-05-29 2.000 4.806
2018-03-06 2.000 4.782
2017-11-27 1.280 3.317
2017-09-12 1.280 3.495
2017-05-26 1.280 3.531
2017-02-24 1.280 3.457
2016-12-05 1.040 2.763
2016-09-06 1.040 3.116
2016-05-31 1.040 3.242
2016-03-03 3.040 10.067
2015-12-03 2.800 9.354
2015-08-28 2.800 9.679
2015-05-28 2.800 10.468
2015-02-27 2.800 10.244
2014-12-23 0.400 1.527
2014-10-02 0.400 1.648
2014-07-01 0.400 1.743
2014-04-25 0.400 1.781
2012-02-09 0.000 0.000
2012-02-08 0.000 0.000
2011-12-14 0.000 0.000
2011-12-13 0.000 0.000
2011-08-09 0.000 0.000
2011-07-19 0.000 0.000
2011-06-30 0.000 0.000
2011-02-09 0.000 0.000
2010-12-14 0.000 0.000
2010-12-07 0.000 0.000
2010-08-09 0.000 0.000
2010-08-06 0.000 0.000
2010-01-26 0.900 4.869
2009-10-28 0.900 3.842
2009-07-21 0.900 3.247
2009-04-24 0.900 3.558

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of NASB Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess NASB Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can NASB Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NASB Financial has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of NASB Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Thomas
COMPENSATION $846,729
AGE 51
TENURE AS CEO 6.9 years
CEO Bio

Mr. Paul L. Thomas has been the Chief Executive Officer of NASB Financial, Inc. since May 1, 2013. Mr. Thomas serves as Chief Executive Officer of North American Savings Bank, F.S.B. He served as the Chief Credit Officer and an Executive Vice President at NASB Financial, Inc. Mr. Thomas served as the Chief Credit Officer and Executive Vice President of North American Savings Bank F.S.B. since 2003. From October 2000 to December 2002, he served as the Chairman of the Board and Chief Executive Officer of Community Bank of Excelsior Springs, which merged with North American Savings Bank on December 19, 2002. He served as Vice President of NASB Financial Inc. He served as Vice President of Commercial Real Estate lending for North American Savings Bank. He served as the Chief Executive Officer of CBES BanCorp. Inc. since May 2001. As Chief Executive Officer, he had been responsible for overseeing the day-to-day operations of CBES Bancorp, Inc. and Community Bank. He joined Community Bank in October 2000 as Chief Operating Officer and Chief Lending Officer. He was Chairman of the Board of CBES Bancorp, Inc. He has been a Director of Nasb Financial Inc. since July 29, 2005. He serves as a Director of North American Savings Bank F.S.B. He served as a Director of CBES BanCorp. Inc. and Community Bank of Excelsior Springs since 2001.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Insufficient data for Paul to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Paul Thomas

TITLE
CEO & Director
COMPENSATION
$847K
AGE
51
TENURE
6.9 yrs

Rhonda Nyhus

TITLE
VP & Treasurer
COMPENSATION
$407K
AGE
54

Tom Wagers

TITLE
President & Director
AGE
62

Brian Zoellner

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the NASB Financial board of directors in years:

7.6
Average Tenure
62
Average Age
  • The tenure for the NASB Financial board of directors is about average.
Board of Directors

David Hancock

TITLE
Chairman of the Board
COMPENSATION
$708K
AGE
74
TENURE
22.3 yrs

Paul Thomas

TITLE
CEO & Director
COMPENSATION
$847K
AGE
51
TENURE
14.8 yrs

Tom Wagers

TITLE
President & Director
AGE
62
TENURE
3.4 yrs

Laura Brady

TITLE
Independent Director
COMPENSATION
$51K
AGE
43
TENURE
11.8 yrs

Linda Hancock

TITLE
Director
COMPENSATION
$28K
AGE
69
TENURE
22.3 yrs

Russ Welsh

TITLE
Independent Director
COMPENSATION
$41K
AGE
70
TENURE
23.3 yrs

Tom Dreyer

TITLE
Independent Director
AGE
52
TENURE
2.8 yrs

Alex Hancock

TITLE
External Director
AGE
42
TENURE
3.4 yrs

Rich Agar

TITLE
Independent Director
TENURE
0.2 yrs

Fred Arbanas

TITLE
Director Emeritus
COMPENSATION
$32K
AGE
80
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess NASB Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. NASB Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

NASB Financial, Inc. operates as the unitary thrift holding company for North American Savings Bank, F.S.B. that provides various banking products and services in the United States. The company offers checking, savings, certificate of deposit, and money market accounts. It also provides home loans, mortgage loans and mortgage refinance products, and IRA loans; commercial real estate loans, such as multifamily, construction, land development, industrial warehouse, office, retail, single-purpose restaurant, single family, and hotel loans; and construction and development loans. The company operates 11 branch offices, 50 ATMs, and 3 mortgage loan offices. NASB Financial, Inc. was founded in 1927 and is headquartered in Grandview, Missouri.

Details
Name: NASB Financial, Inc.
NASB
Exchange: OTCPK
Founded: 1927
$294,095,732
7,389,340
Website: http://www.nasb.com
Address: NASB Financial, Inc.
12498 South 71 Highway,
Grandview,
Missouri, 64030,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK NASB Common Stock Pink Sheets LLC US USD 02. Oct 1985
Number of employees
Current staff
Staff numbers
0
NASB Financial employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 05:23
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/04
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.