NASB Financial Inc
NASB Financial, Inc. operates as a holding company for North American Savings Bank, F.S.B. and Nor-Am Service Corporation that provides various banking products and services in the United States. The company offers demand deposit, savings, money market, and certificate of deposit accounts, as well as brokered accounts. It also provides mortgages and refinancing products, including conventional, v… Read more
NASB Financial Inc (NASB) - Net Assets
Latest net assets as of December 2025: $436.62 Million USD
Based on the latest financial reports, NASB Financial Inc (NASB) has net assets worth $436.62 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.97 Billion) and total liabilities ($2.53 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $436.62 Million |
| % of Total Assets | 14.72% |
| Annual Growth Rate | 6.78% |
| 5-Year Change | 9.56% |
| 10-Year Change | 101.02% |
| Growth Volatility | 8.67 |
NASB Financial Inc - Net Assets Trend (2000–2025)
This chart illustrates how NASB Financial Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NASB Financial Inc (2000–2025)
The table below shows the annual net assets of NASB Financial Inc from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $430.94 Million | +4.29% |
| 2024-09-30 | $413.20 Million | +7.02% |
| 2023-09-30 | $386.11 Million | +1.91% |
| 2022-09-30 | $378.88 Million | -3.68% |
| 2021-09-30 | $393.35 Million | +12.26% |
| 2020-09-30 | $350.38 Million | +33.60% |
| 2019-09-30 | $262.27 Million | +13.20% |
| 2018-09-30 | $231.68 Million | -0.55% |
| 2017-09-30 | $232.97 Million | +8.67% |
| 2016-09-30 | $214.38 Million | +8.49% |
| 2015-09-30 | $197.61 Million | -1.14% |
| 2014-09-30 | $199.89 Million | +2.24% |
| 2013-09-30 | $195.52 Million | +14.00% |
| 2012-09-30 | $171.50 Million | +14.05% |
| 2011-09-30 | $150.38 Million | -10.36% |
| 2010-09-30 | $167.76 Million | +0.83% |
| 2009-09-30 | $166.39 Million | +9.17% |
| 2008-09-30 | $152.41 Million | +2.02% |
| 2007-09-30 | $149.39 Million | -4.59% |
| 2006-09-30 | $156.57 Million | +5.16% |
| 2005-09-30 | $148.89 Million | +7.12% |
| 2004-09-30 | $138.99 Million | +9.07% |
| 2003-09-30 | $127.43 Million | +16.44% |
| 2002-09-30 | $109.45 Million | +14.61% |
| 2001-09-30 | $95.50 Million | +14.15% |
| 2000-09-30 | $83.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NASB Financial Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 495.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $479.99 Million | 111.38% |
| Total Equity | $430.94 Million | 100.00% |
NASB Financial Inc Competitors by Market Cap
The table below lists competitors of NASB Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MIZUHO FIN GROUP - Dusseldorf Stock Exchang
DU:MZ8
|
$337.62K |
|
FEC Resources Inc
PINK:FECOF
|
$337.77K |
|
H&K AG
PA:MLHK
|
$337.93K |
|
Hire Technologies Inc
OTCQB:HIRRF
|
$338.31K |
|
Power One Inc
NASDAQ:PWER
|
$337.16K |
|
TREND MICRO
BE:TMI
|
$336.94K |
|
SEALED AIR - Dusseldorf Stock Exchang
DU:SDA
|
$336.91K |
|
CMO GROUP PLC LS -01
F:5FE
|
$336.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NASB Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 413,204,000 to 430,942,000, a change of 17,738,000 (4.3%).
- Net income of 28,723,000 contributed positively to equity growth.
- Dividend payments of 9,747,000 reduced retained earnings.
- Share repurchases of 1,013,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $28.72 Million | +6.67% |
| Dividends Paid | $9.75 Million | -2.26% |
| Share Repurchases | $1.01 Million | -0.24% |
| Other Changes | $-225.00K | -0.05% |
| Total Change | $- | 4.29% |
Book Value vs Market Value Analysis
This analysis compares NASB Financial Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.61x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.16x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-09-30 | $31.55 | $36.50 | x |
| 2018-09-30 | $31.37 | $36.50 | x |
| 2019-09-30 | $35.56 | $36.50 | x |
| 2020-09-30 | $47.42 | $36.50 | x |
| 2021-09-30 | $53.13 | $36.50 | x |
| 2022-09-30 | $51.15 | $36.50 | x |
| 2023-09-30 | $52.28 | $36.50 | x |
| 2024-09-30 | $57.18 | $36.50 | x |
| 2025-09-30 | $59.78 | $36.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NASB Financial Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.25%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 6.81x
- Recent ROE (6.67%) is below the historical average (12.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 17.60% | 16.66% | 0.09x | 11.77x | $6.35 Million |
| 2001 | 17.12% | 17.55% | 0.10x | 10.17x | $6.80 Million |
| 2002 | 18.16% | 23.49% | 0.09x | 8.94x | $8.93 Million |
| 2003 | 18.81% | 26.97% | 0.08x | 8.69x | $11.23 Million |
| 2004 | 18.10% | 26.50% | 0.07x | 9.80x | $11.26 Million |
| 2005 | 17.35% | 23.00% | 0.07x | 10.45x | $10.94 Million |
| 2006 | 13.26% | 16.79% | 0.08x | 9.74x | $5.11 Million |
| 2007 | 10.25% | 12.25% | 0.08x | 10.08x | $379.80K |
| 2008 | 6.10% | 8.16% | 0.08x | 9.95x | $-5.95 Million |
| 2009 | 11.24% | 14.36% | 0.08x | 9.37x | $2.07 Million |
| 2010 | 3.77% | 4.87% | 0.09x | 8.55x | $-10.45 Million |
| 2011 | -10.82% | -59.71% | 0.02x | 8.34x | $-31.31 Million |
| 2012 | 10.56% | 15.17% | 0.10x | 7.24x | $959.70K |
| 2013 | 14.13% | 24.02% | 0.10x | 5.85x | $8.08 Million |
| 2014 | 8.35% | 18.92% | 0.08x | 5.84x | $-3.31 Million |
| 2015 | 10.91% | 21.58% | 0.07x | 7.75x | $1.79 Million |
| 2016 | 10.45% | 23.75% | 0.05x | 9.09x | $954.70K |
| 2017 | 12.62% | 27.36% | 0.05x | 8.85x | $6.10 Million |
| 2018 | 12.57% | 29.06% | 0.05x | 8.89x | $5.96 Million |
| 2019 | 16.46% | 36.69% | 0.05x | 9.93x | $16.94 Million |
| 2020 | 29.54% | 46.58% | 0.09x | 7.28x | $68.47 Million |
| 2021 | 18.74% | 39.56% | 0.08x | 6.00x | $34.37 Million |
| 2022 | 8.47% | 24.81% | 0.05x | 6.98x | $-5.80 Million |
| 2023 | 5.61% | 23.61% | 0.03x | 7.29x | $-16.96 Million |
| 2024 | 6.84% | 33.10% | 0.03x | 6.92x | $-13.06 Million |
| 2025 | 6.67% | 32.25% | 0.03x | 6.81x | $-14.37 Million |
Industry Comparison
This section compares NASB Financial Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NASB Financial Inc (NASB) | $436.62 Million | 17.60% | 5.79x | $337.59K |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |