Welcome to our dedicated page for Great Southern Bancorp news (Ticker: GSBC), a resource for investors and traders seeking the latest updates and insights on Great Southern Bancorp stock.
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. (NASDAQ: GSBC) will announce its third quarter 2021 preliminary earnings on October 20, 2021, after market close, and hold a conference call on October 21, 2021, at 2:00 p.m. CT. Interested parties can join the call at 1.833.832.5121 with passcode 7698748. The earnings report will be accessible on the Company’s Investor Relations website and the SEC’s website as well. With total assets of $5.6 billion, Great Southern operates 94 banking centers across six states and offers a wide range of commercial and consumer banking services.
Great Southern Bancorp (GSBC) reported strong preliminary earnings for Q2 2021, with a net income of $20.1 million ($1.46 per diluted share), up from $13.2 million ($0.93 per diluted share) in Q2 2020. Total loans decreased by $40 million (0.8%) from December 31, 2020, primarily due to declines in construction and commercial loans. CECL adoption resulted in a negative provision for credit losses of $1.0 million. Net interest income rose to $44.7 million, while non-interest income increased to $9.6 million driven by loan sales and transaction fees. Asset quality improved as non-performing assets decreased.
The Board of Directors of Great Southern Bancorp (NASDAQ: GSBC) declared a $0.34 per common share dividend for Q2 2021, payable on July 13, 2021 to shareholders of record on June 28, 2021. This marks the 126th consecutive quarterly dividend. With total assets of $5.6 billion, Great Southern provides a variety of banking services across multiple states, operating 94 retail banking centers.
Great Southern Bancorp (NASDAQ:GSBC) announces its intention to report preliminary earnings for Q2 2021 on July 21, 2021, followed by a conference call on July 22, 2021, at 2:00 p.m. CT. Listeners can access the call at 1.833.832.5121 using passcode 9585774. The bank, with total assets of $5.6 billion, operates 94 branches across seven states. The earnings release will be published through a news release and made available on its Investor Relations website and the SEC’s site.
Great Southern Bancorp (NASDAQ:GSBC) reported preliminary earnings of $1.36 per diluted share for Q1 2021, up from $1.04 a year ago, totaling $18.9 million in net income. The adoption of the CECL standard increased the allowance for credit losses by $11.6 million, impacting retained earnings by $14.2 million. Net interest income decreased by approximately 1.9% to $44.1 million, with a net interest margin of 3.41%. Non-interest income rose to $9.7 million, driven by gains in mortgage loan sales. The capital position remains strong with a Tier 1 capital ratio of 13.0%.
Great Southern Bank, headquartered in Springfield, Missouri, has been named the top bank in the U.S. and second worldwide in Forbes’ 2021 World’s Best Banks list. This recognition, based on feedback from 43,000 banking customers across 28 countries, highlights the bank's commitment to customer service and relationship-building. Great Southern Bank operates 94 retail locations in multiple states and has total assets of $5.6 billion. The award, announced on April 13, 2021, reinforces the bank's mission of providing essential financial services to its customers.
Great Southern Bank launched its Financial Education Center to promote financial literacy during April's Financial Literacy Month. This free online resource offers personalized courses to enhance personal money management skills, featuring over 50 modules on various topics including homeownership and retirement planning. The initiative, developed in partnership with EVERFI, aims to address gaps in financial literacy and is available on multiple devices. Great Southern Bank operates across several states, boasting $5.5 billion in assets, and is a subsidiary of Great Southern Bancorp, ticker GSBC.
Great Southern Bancorp (NASDAQ:GSBC) declared a $0.34 per common share dividend for Q1 2021, marking the 125th consecutive quarterly dividend. This dividend will be payable on April 13, 2021, to shareholders on record as of March 29, 2021. The company's assets total $5.5 billion, providing a broad range of banking services across multiple states, including Missouri, Iowa, and Kansas.
Great Southern Bancorp (NASDAQ:GSBC) announced that it will report its preliminary earnings for the first quarter of 2021 on April 21, 2021, after the market closes. A conference call will be held on April 22, 2021, at 2:00 PM CT to discuss the earnings report. The company has total assets of $5.5 billion and operates 94 retail banking centers across multiple states. The earnings release will be available on its Investor Relations website and filed with the SEC.
Great Southern Bancorp, the holding company for Great Southern Bank, will hold its 32nd Annual Meeting of Stockholders virtually on May 12, 2021, at 10 a.m. CDT due to the COVID-19 pandemic. Stockholders can participate via a live webcast and vote during the meeting or by proxy. The record date for voting is March 3, 2021. With total assets of $5.5 billion, Great Southern operates 94 retail banking centers across multiple states and has a strong presence in various markets. For more details, visit Great Southern Bank.
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