NASB Financial (NASB) 8-K NASB Financial, Inc. Announces Financial Results

Exhibit 99.1

NASB Financial, Inc.

NEWS RELEASE

Contact:	Rhonda Nyhus
	Vice President and Treasurer
	NASB Financial, Inc.
	12498 South 71 Highway
	Grandview, MO 64030
	Phone (816) 765-2200

FOR IMMEDIATE RELEASE:

NASB Financial, Inc. Announces Financial Results

Grandview, Missouri (December 13, 2012)—NASB Financial, Inc. (NASDAQ: NASB) announced today net income for the quarter ended September 30, 2012, of $7,741,000 or $0.98 per share. This compares to net income of $5,055,000 or $0.64 per share for the quarter ended June 30, 2012, and compares to net income of $6,885,000 or $0.87 per share for the quarter ended September 30, 2011.

Net income for the twelve months ended September 30, 2012, was $18,110,000 or $2.30 per share, compared to a net loss of $16,268,000 or $(2.07) per share for the twelve months ended September 30, 2011.

NASB Financial, Inc. is a unitary thrift holding company for North American Savings Bank, F.S.B. (“North American” or the “Bank”). As of September 30, 2012, the Bank’s tier 1 leverage ratio and total risk-based capital ratio was 14.06% and 18.22%, respectively. These ratios exceed the tier 1 leverage and total risk-based individual minimum capital ratios of 10% and 13%, respectively, that are prescribed in a consent order that the Bank signed with the Office of the Comptroller of the Currency on May 22, 2012.

North American operates six offices in greater Kansas City, Missouri and others in Harrisonville, St. Joseph, and Excelsior Springs, Missouri. The Bank also has loan origination offices in Kansas City, Lee’s Summit and Springfield, Missouri.

(Financial Highlights Schedule Attached)

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NASB Financial, Inc.

Financial Highlights

(Dollars in thousands, except per share data)

	Three Months Ended									Twelve Months Ended
	9/30/12			6/30/12			9/30/11			9/30/12			9/30/11
EARNINGS DATA:
Net interest income	$	11,547			11,716			13,255			49,479			52,166
Provision for loan losses		—			3,000			—			10,500			49,394
Non-interest income		18,896			15,561			10,756			53,295			24,474
Non-interest expense		17,856			16,063			12,816			62,827			53,698
Income tax expense		4,846			3,159			4,310			11,337			(10,184	)
Net income	$	7,741			5,055			6,885			18,110			(16,268	)
FINANCIAL CONDITION DATA:
Total assets	$	1,240,826			1,220,569			1,253,584			1,240,826			1,253,584
Total loans and mortgage-backed and related securities, net		925,081			925,279			1,072,429			925,081			1,072,429
Customer and brokered deposit accounts		892,313			865,416			809,675			892,313			809,675
Stockholders’ equity		171,503			161,209			150,378			171,503			150,378
FINANCIAL RATIOS AND PER SHARE DATA:
Book value per share	$	21.80			20.49			19.11			21.80			19.11
Earnings per share		0.98			0.64			0.87			2.30			(2.07	)
Cash dividends paid per share		0.00	��		0.00			0.00			0.00			0.00
Return on assets (annualized net income divided by total average assets)		2.52	%		1.68	%		2.19	%		1.45	%		(1.21	)%
Return on equity (annualized net income divided by average stockholders’ equity)		18.61	%		12.73	%		18.67	%		11.25	%		(10.23	)%
Weighted average shares outstanding		7,867,614			7,867,614			7,867,614			7,867,614			7,867,614