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Great Southern Bancorp Inc. (NASDAQ: GSBC) is a prominent bank holding company headquartered in Springfield, Missouri. The company is the parent entity of Great Southern Bank, which serves its customers through 107 banking centers located across Missouri, Arkansas, Iowa, Kansas, Nebraska, and Minnesota. The bank is known for offering a wide array of financial services including residential and commercial real estate loans, construction loans, commercial business loans, and consumer loans.
Great Southern Bank provides a comprehensive range of services aimed at meeting the diverse financial needs of its customers. These services include Business Banking, Merchant Services, Debit and Credit Cards, Online and Mobile Banking, VIP Banking, and Overdraft Protection. The bank prides itself on financial strength and stability, the ability to devise creative solutions, and a commitment to ethical practices.
The company's success can be attributed to its dynamic and motivated team of associates who are provided with competitive benefits and numerous opportunities for career growth. Great Southern Bank's financial performance has been robust, as evidenced by the recent earnings reports. For the quarter ending June 30, 2023, the bank reported earnings of $1.52 per diluted common share with a net income of $18.3 million, an improvement from the previous year. The bank's annualized return on average common equity was 13.11%, and annualized return on average assets was 1.28% for the quarter.
Despite industry challenges such as higher deposit costs and competitive pressure, Great Southern Bank has managed to maintain strong liquidity and capital positions. The bank's borrowing capacity at the Federal Home Loan Bank increased significantly, ensuring ample liquidity through secured funding lines. As of June 30, 2023, stockholders' equity rose to $546.3 million, up from $533.1 million at the end of 2022.
Great Southern Bank continues to innovate and upgrade its services. In early 2023, the bank began preparations to convert to a new core banking platform to enhance customer service and operational efficiency. Additionally, the bank is developing new technological solutions like Interactive Teller Machines (ITMs) to provide customers with extended banking hours and improved service.
Latest News: In recent updates, Great Southern Bancorp reported preliminary earnings for the third quarter of 2023, showing solid performance amidst a challenging environment. The company also highlighted its continued focus on managing rising deposit costs and maintaining strong credit quality metrics.
With a strong focus on community banking and a firm commitment to financial excellence, Great Southern Bancorp remains a significant player in the regional banking sector.
Great Southern Bancorp, Inc. (GSBC) reported preliminary earnings of $1.30 per diluted share for Q1 2022, totaling $17 million for common shareholders. This reflects a decrease from $1.36 per share in Q1 2021.
Interest income dropped to $415,000 from $1.2 million due to reduced PPP loan fees. Total loans grew by $103.7 million (2.5%) to $4.18 billion, bolstered by multifamily and commercial loans. Non-performing assets decreased to $5.2 million (0.10% of total assets). Capital ratios remain strong, with a Tier 1 Capital Ratio of 12.5%.
The Board of Directors of Great Southern Bancorp (NASDAQ:GSBC) has declared a $0.36 per share dividend for Q1 2022, payable on April 11, 2022, to shareholders of record by March 28, 2022. This marks the 129th consecutive quarterly dividend paid to shareholders. Great Southern Bancorp has total assets of $5.4 billion and operates 93 retail banking centers across several states. The company focuses on providing a wide range of banking services to both commercial and consumer clients.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) will report its first quarter 2022 preliminary earnings after the market closes on April 20, 2022. A conference call is scheduled for April 21, 2022, at 2:00 p.m. CT (3:00 p.m. ET) for interested parties to discuss the results. Great Southern, with total assets of $5.4 billion, operates 93 retail banking centers across multiple states, offering a range of commercial and consumer banking services. Earnings details will be available on their Investor Relations website and on the SEC website.
Great Southern Bank has announced the opening of a new loan production office (LPO) in Phoenix, Arizona, marking its seventh LPO. Banking veteran Justin Lutz has been hired as market manager to enhance commercial lending in the area. With over 16 years of lending experience, Lutz previously served as a senior commercial lender at Bankers Trust Company. The new LPO will offer a range of commercial lending services, including real estate loans and competitive construction financing. Great Southern Bank, headquartered in Springfield, Mo., has total assets of $5.4 billion and operates multiple banking centers across several states.
Great Southern Bancorp, Inc. (NASDAQ:GSBC) will hold its 33rd Annual Meeting of Stockholders on May 11, 2022, at 10 a.m. CDT via a virtual platform due to the COVID-19 pandemic. Stockholders on record as of March 2, 2022, can participate through live webcast or proxy voting. The company, with total assets of $5.4 billion, operates 93 retail banking centers across several states. Additional information regarding the meeting and materials will be available on the company’s website, GreatSouthernBank.com.
Great Southern Bancorp reported preliminary earnings of $1.14 per diluted share for Q4 2021, down from $1.28 in Q4 2020. Total net income for the quarter was $15.3 million, compared to $17.8 million in the same period last year. For the full year 2021, earnings were $5.46 per share, up from $4.21 in 2020. The bank adopted the CECL accounting standard, impacting credit loss calculation. Total loans increased by 4.3% in Q4 2021, but decreased by 0.04% year-over-year. The company saw a negative provision for credit losses of $3.0 million, reflecting a stable economic outlook.
The Board of Directors of Great Southern Bancorp, Inc. (NASDAQ:GSBC) has declared a $0.36 per common share dividend for the fourth quarter of 2021. This dividend, representing the 128th consecutive quarterly dividend, will be payable on January 11, 2022, to shareholders of record on December 27, 2021. With total assets of $5.5 billion, Great Southern provides a range of banking services across multiple states, operating 93 retail banking centers and loan production offices in key locations.
Great Southern Bancorp (NASDAQ:GSBC) anticipates releasing its preliminary earnings for the fourth quarter of 2021 after market close on January 24, 2022. A conference call will be held on January 25, 2022, at 2:00 PM CT to discuss these results. Interested participants can join by calling 1.833.832.5121 with passcode 3989279. With total assets of $5.5 billion, Great Southern offers a wide range of banking services across several states and operates 93 retail banking centers.
Great Southern Bancorp (NASDAQ:GSBC) reported preliminary earnings of $20.4 million, or $1.49 per diluted share, for Q3 2021, up from $13.5 million ($0.96 per share) in Q3 2020. For the first nine months, earnings were $59.3 million ($4.32 per share), compared to $41.5 million ($2.93 per share) last year. Despite a decrease in total loans by $271.1 million to $4.03 billion, the company benefited from a negative provision for credit losses of $3.0 million. Net interest income rose to $44.9 million, driven by lower deposit costs. The capital ratios remained strong, exceeding regulatory thresholds.
The Board of Directors of Great Southern Bancorp (NASDAQ:GSBC) declared a $0.36 per common share dividend for Q3 2021, marking a 6% increase from the previous quarter's $0.34. The dividend will be payable on October 12, 2021, to shareholders of record on September 27, 2021, representing the 127th consecutive quarterly dividend paid by the company. Great Southern Bank, with total assets of $5.6 billion, operates 94 retail banking centers across several states, offering a range of banking services.
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