Welcome to our dedicated page for Great Southn Bancorp news (Ticker: GSBC), a resource for investors and traders seeking the latest updates and insights on Great Southn Bancorp stock.
Overview of Great Southn Bancorp Inc (GSBC)
Great Southn Bancorp Inc is a publicly traded bank holding company that operates through its subsidiary, Great Southern Bank. Serving communities across Missouri, Arkansas, Iowa, Kansas, Nebraska, and Minnesota, the company provides a comprehensive range of banking products and services. Built on the foundation of financial strength and stability, GSBC offers innovative and creative financial solutions that cater to the distinct needs of residential, commercial, and consumer clients.
Core Business and Services
The company is principally engaged in the business of originating and servicing residential and commercial real estate loans, construction loans, commercial business loans, and consumer loans. GSBC also provides an array of services such as:
- Business Banking: Customized financial products tailored for small to mid-sized businesses.
- Merchant Services: Payment and transaction processing solutions to support business operations.
- Card Services: Debit and credit card solutions that enable convenient transactions.
- Digital Banking: Online and mobile banking platforms that offer secure access to banking services.
- VIP and Overdraft Protection: Enhanced services designed to meet specific client needs.
Market Position and Competitive Landscape
Great Southn Bancorp Inc positions itself as a significant community-focused regional bank within an industry that demands precise risk management and customer trust. Operating in competitive, evolving local markets, the company differentiates itself through its commitment to offering personalized financial solutions, maintaining robust risk management measures and fostering long-term relationships with customers. Its operational strategy is rooted in enhancing customer service, financial stability, and tailored banking solutions which support both individual consumers and businesses within its served regions.
Operational Excellence and Business Model
The company generates revenue primarily from interest income on an extensive portfolio of loans and fees from a variety of banking services. Its diversified approach to revenue ensures stability by balancing traditional lending with modern digital banking services. In addition to its core lending operations, GSBC also leverages fee-based income from merchant services and digital transaction solutions. The structure of its operations emphasizes:
- Diversification: A balanced mix of loan products and ancillary financial services that cater to a wide customer base.
- Risk Management: Advanced risk assessment techniques to safeguard asset quality and maintain a strong capital position.
- Customer-Centric Approach: Focused on meeting unique financial needs with creative and responsible solutions.
Financial Stability and Service Commitment
GSBC is renowned for its financial resilience and operational discipline. The company is committed to safeguarding its capital and liquidity, ensuring that its customers have continuous access to secure and reliable banking services. This stability is enhanced by a dedicated team of professionals who bring deep expertise in banking operations, risk management, and customer relations, fostering an environment of trust and reliability.
Community Engagement and Workforce Excellence
Beyond its core financial operations, Great Southn Bancorp Inc is known for its strong community ties and a workforce that is both dynamic and highly motivated. The company places a high priority on employee development, offering a wide array of career opportunities and competitive benefits. This investment in human capital not only strengthens internal operations but also enhances the quality of service provided to its diverse clientele.
Conclusion
In summary, Great Southn Bancorp Inc (GSBC) blends a robust lending portfolio with innovative banking services to meet the financial needs of a varied customer base across multiple states. Its commitment to strong risk management, operational efficiency, and community engagement positions it as a reputable and stable institution within the regional banking sector. Investors and analysts looking for an in-depth understanding of a bank with a comprehensive range of services will find GSBC's approach to prudent financial management and tailored customer solutions both informative and illustrative of its longstanding market significance.
Great Southern Bancorp (NASDAQ:GSBC) has announced its schedule for first quarter 2025 preliminary earnings release and conference call. The company will report earnings after market close on April 16, 2025, followed by a conference call on April 17, 2025 at 2:00 p.m. Central Time (3:00 p.m. Eastern Time).
Investors can access the call live or in recorded format through the company's Investor Relations website. Participants are encouraged to register and join 10 minutes before the event. The earnings results will be published through a news release, posted on the company's Investor Relations website, and filed with the SEC as a Form 8-K.
Great Southern Bancorp (NASDAQ:GSBC) has declared a quarterly dividend of $0.40 per common share for the first quarter of 2025. The dividend will be distributed to stockholders of record on March 31, 2025, with the payment date set for April 14, 2025.
This marks the company's 141st consecutive quarterly dividend payment to common stockholders, demonstrating a consistent track record of shareholder returns.
Great Southern Bancorp (NASDAQ:GSBC) has announced its 36th Annual Meeting of Stockholders, which will be held virtually on May 7, 2025, at 10 a.m. CDT. The meeting will be conducted exclusively through a live webcast, allowing stockholders to participate online.
Shareholders who own GSBC common stock as of the record date, March 4, 2025, will be eligible to vote either during the live webcast or by proxy. The company will provide detailed information about accessing the virtual meeting in its Notice of Annual Meeting and Proxy Statement. All presentation materials will be made available on Great Southern Bank's website before the meeting begins.
Great Southern Bancorp (NASDAQ:GSBC) reported Q4 2024 earnings of $1.27 per diluted share ($14.9 million net income), up from $1.11 per share ($13.1 million) in Q4 2023. The company achieved an annualized return on average equity of 9.76% and return on average assets of 1.00%.
Net interest income increased 9.7% to $49.5 million, with net interest margin improving to 3.49%. Asset quality remained strong with non-performing assets decreasing to $9.6 million (0.16% of total assets). The company maintained strong capital ratios with a Tier 1 Leverage Ratio of 11.4% and Total Capital Ratio of 15.4%.
Notable items include a $2.0 million expense related to a litigation/contract dispute matter, which decreased earnings per share by $0.13. Gross loans grew by $100.5 million (2.2%) to $4.76 billion, driven by multi-family residential and commercial real estate lending.
Great Southern Bancorp (NASDAQ:GSBC) has announced it will release its fourth quarter 2024 preliminary earnings after market close on Tuesday, January 21, 2025. The company will host a conference call to discuss the results on Wednesday, January 22, 2025, at 2:00 p.m. Central Time (3:00 p.m. Eastern Time).
The earnings call will be accessible live and in recorded format through the company's Investor Relations website. Participants are encouraged to register and join 10 minutes before the event. The earnings release will be available on the company's website and filed with the SEC as an exhibit to Form 8-K.
Great Southern Bancorp (NASDAQ:GSBC) has declared a quarterly dividend of $0.40 per common share for Q4 2024. The dividend will be paid on January 14, 2025, to shareholders of record as of December 30, 2024. This marks the company's 140th consecutive quarterly dividend payment to common stockholders, demonstrating a consistent track record of shareholder returns.
Great Southern Bancorp (NASDAQ:GSBC) reported preliminary Q3 2024 earnings of $1.41 per diluted share ($16.5 million net income), up from $1.33 per share in Q3 2023. For the nine months ended September 30, 2024, earnings were $3.99 per share, down from $4.52 in the same period of 2023. Key Q3 2024 results include:
- Net interest income increased 2.6% to $48.0 million
- Net interest margin was 3.42%, down slightly from 3.43% in Q3 2023
- Total loans increased 2.7% to $4.71 billion since December 31, 2023
- Non-performing assets decreased to $7.7 million (0.13% of total assets)
- Capital position remained strong with Tier 1 Leverage Ratio at 11.0%
The company reduced non-performing assets by $12.7 million in Q3 2024, primarily through the sale of three non-performing assets. Total stockholders' equity increased $40.3 million in the first nine months of 2024.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) has announced a quarterly dividend of $0.40 per common share for the third quarter of 2024. The dividend will be payable on October 15, 2024, to stockholders of record on September 30, 2024. This marks the 139th consecutive quarterly dividend paid by the company to common stockholders.
Great Southern Bancorp, with total assets of $6.0 billion, operates as the holding company for Great Southern Bank. The bank provides a wide range of services to commercial and consumer customers through 89 retail banking centers across six states and commercial loan production offices in seven major cities.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) has announced its schedule for releasing third quarter 2024 preliminary earnings. The company plans to report earnings after market close on Wednesday, October 16, 2024, followed by a conference call on Thursday, October 17, 2024, at 2:00 p.m. Central Time. Investors can access the call live or later in a recorded version at the company's Investor Relations website. Great Southern Bancorp, with total assets of $6.0 billion, operates 89 retail banking centers across six states and has commercial loan production offices in seven major cities. The company's stock is listed on the NASDAQ Global Select Market under the ticker GSBC.
Great Southern Bancorp (NASDAQ: GSBC) reported preliminary Q2 2024 earnings of $1.45 per diluted share, down from $1.52 in Q2 2023. Net income for the quarter was $17 million, a decrease from $18.3 million year-over-year. For the six months ended June 30, 2024, earnings per share were $2.58 compared to $3.19 in the same period of 2023. Net interest income dropped by $1.3 million YoY to $46.8 million, while net interest margin fell to 3.43% from 3.56%. Non-interest income increased by $2.1 million, driven by the termination of a core banking platform agreement. Total loans grew by $44 million, but non-performing assets rose by $8.6 million to $20.4 million. The company's capital and liquidity positions remained strong, with a Tier 1 Leverage Ratio of 11.0% and available secured funding lines totaling $2 billion.
FAQ
What is the current stock price of Great Southn Bancorp (GSBC)?
What is the market cap of Great Southn Bancorp (GSBC)?
What is the primary business of Great Southn Bancorp Inc (GSBC)?
Which geographic regions does GSBC serve?
What types of loans does GSBC originate?
How does GSBC generate revenue?
What makes GSBC distinct in the regional banking market?
What digital banking services does GSBC offer?
How does GSBC manage risk and maintain asset quality?
What types of career opportunities are available at GSBC?
