Securities and Exchange Commission
                         Washington, DC  20549

                                FORM 8-K

                              CURRENT REPORT

                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934


  Date of report (Date of earliest event reported): October 24, 2006



                            NASB FINANCIAL, INC.
           (Exact Name of Registrant as Specified in Its Charter)



                                  MISSOURI
               (State or Other Jurisdiction of Incorporation)


         0-24033                               43-1805201
 (Commission File Number)       (I. R. S, Employer Identification No.)


                          12498 South 71 Highway
                         Grandview, Missouri 64030
           (Address of Principal Executive offices)(Zip Code)


                              (816) 765-2200
           (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))





Item 8.01 Other Events

     On October 24, 2006, the Board of Directors of NASB Financial,
Inc. (the "Company") declared a quarterly cash dividend of $0.225 per
share payable on November 24, 2006, to shareholder's of record as of
November 3, 2006.

     Also on October 24, 2006, the Company's Board of Directors
approved spending up to $4 million to buy-back shares of the Company's
common stock on the open market.  Such repurchases will be made at
management's discretion and whenever management deems market conditions
as favorable.

     The Registrant's press release dated October 24, 2006, announcing
the quarterly cash dividend and the stock buy-back, is attached hereto
as Exhibit 99.1, and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits

(c) Exhibits

Exhibit 99.1 - Press Release dated October 24, 2006.

                                   1





                               SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.

                                           NASB FINANCIAL, INC.

October 24, 2006                        By:  /s/ Rhonda Nyhus
                                             Rhonda Nyhus
                                             Vice President and
                                                Treasurer