NASB Financial, Inc. Announces Financial Results

GRANDVIEW, Mo.--(Business Wire)--
NASB Financial, Inc. (NASDAQ: NASB) announced today net income for
the quarter ended June 30, 2008, of $3,610,000 or $0.46 per share.
This compares to net income of $2,806,000 or $0.36 per share for the
quarter ended March 31, 2008, and compares to net income of $3,786,000
or $0.47 per share for the quarter ended June 30, 2007.

Net income for the nine months ended June 30, 2008, was $8,285,000
or $1.05 per share, compared to net income of $12,129,000 or $1.48 per
share for the nine months ended June 30, 2007.

NASB Financial, Inc. is a unitary thrift holding company for North
American Savings Bank, F.S.B. ("North American" or the "Bank"). 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 Lee's Summit and
Springfield, Missouri as well as Overland Park, Kansas.

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*T
NASB Financial, Inc.
Financial Highlights
(Dollars in thousands, except per share data)

Three Months Ended Nine Months Ended
----------------------------- -------------------
6/30/08 3/31/08 6/30/07 6/30/08 6/30/07
----------------------------- -------------------
EARNINGS DATA:
Net interest
income $ 9,858 9,052 10,436 28,999 31,436
Provision for loan
losses 1,600 700 175 3,000 934
Non-interest
income 6,772 5,390 5,858 14,450 16,764
Non-interest
expense 9,908 9,145 9,961 27,691 27,539
Income tax expense 1,512 1,791 2,372 4,473 7,598
----------------------------- -------------------
Net income $ 3,610 2,806 3,786 8,285 12,129
============================= ===================

FINANCIAL CONDITION
DATA:
Total assets $1,571,172 1,547,377 1,535,846 1,571,172 1,535,846
Total loans and
mortgage-backed and
related securities 1,450,957 1,443,355 1,420,192 1,450,957 1,420,192
Customer and
brokered deposit
accounts 831,534 815,882 849,372 831,534 849,372
Stockholders'
equity 152,771 151,147 149,191 152,771 149,191

FINANCIAL RATIOS AND PER SHARE DATA:
Book value per
share $ 19.42 19.21 18.81 19.42 18.81
Earnings per share 0.46 0.36 0.47 1.05 1.48
Cash dividends
paid per share 0.225 0.225 0.225 0.675 0.675

Return on assets
(annualized net
income
divided by total
average assets) 0.93% 0.73% 0.98% 0.72% 1.06%
Return on equity
(annualized net
income
divided by average
stockholders'
equity) 9.50% 7.46% 10.09% 7.31% 10.58%

Weighted average
shares
outstanding 7,867,614 7,867,614 7,986,967 7,867,614 8,169,670
*T

NASB Financial, Inc.
Rhonda Nyhus, 816-765-2200

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