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NASB - North American Savings Bank Poised For More Gains
NASB Financial Inc
North American Savings Bank (NASB) released their 2019 Annual Report on December 16. As stated above in the heading notes, the bank continues to show improvement in all aspects. From the report:
Net income in fiscal 2019 was $43.2 million, a 48% increase from the previous year. We paid common stock dividends of $14.8 million, and increased shareholders’ equity by $30.6 million. Since NASB was reorganized in 1990, our compounded return on capital, based solely on earnings, has been 12.3%. As in previous years, future dividends will be determined by our net income