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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 (NASDAQ:GSBC) reported preliminary financial results for the quarter and year ended December 31, 2020. Earnings per diluted share for Q4 were $1.28, up from $1.24 year-over-year. Annual earnings decreased to $4.21 per share from $5.14. Total loans rose by $202 million or 4.1%, but net interest income fell by 0.8% to $44.6 million. The bank plans to adopt the CECL accounting standard in 2021, anticipating an increase in reserves of $10-13 million. Capital ratios remain strong, exceeding regulatory thresholds.
The Board of Directors of Great Southern Bancorp (NASDAQ:GSBC) declared a $0.34 per common share dividend for Q4 2020, marking the 124th consecutive quarterly dividend. This dividend is payable on January 12, 2021, to shareholders on record as of December 28, 2020. Great Southern Bancorp, with total assets of $5.4 billion, provides a variety of banking services through 94 retail banking centers across six states, further establishing its strong presence in the financial sector.
Great Southern Bancorp (NASDAQ:GSBC) announces it will report preliminary earnings for Q4 2020 on January 25, 2021, after market close. The earnings call is scheduled for January 26, 2021, at 2:00 p.m. CT. The bank, with total assets of $5.4 billion, operates 94 retail locations across multiple states. Earnings and financial results will be available on its Investor Relations site and SEC's website. Forward-looking statements indicate potential uncertainties due to the COVID-19 pandemic and other factors affecting financial performance.
Great Southern Bancorp (NASDAQ:GSBC) reported preliminary Q3 2020 earnings of $0.96 per diluted share, down from $1.38 a year prior, with net income available to common shareholders at $13.5 million. Total gross loans increased by $229.6 million year-to-date but fell by $11.4 million in Q3. The net interest income decreased to $44.2 million, marking a 3.8% decline, with a net interest margin of 3.36%. Non-performing assets declined to $5.5 million, indicating improved asset quality. The company remains focused on employee well-being, issuing a second special bonus due to COVID-19.
The Board of Directors of Great Southern Bancorp (NASDAQ: GSBC) announced a quarterly dividend of $0.34 per common share, payable on October 13, 2020. This dividend marks the 123rd consecutive dividend paid to common shareholders. As of now, the company manages total assets of $5.6 billion and operates 94 retail banking centers across six states. Investors should note the economic uncertainties posed by the COVID-19 pandemic, which may impact the company's financial performance.
Great Southern Bancorp, Inc. (NASDAQ: GSBC) plans to announce its preliminary earnings for Q3 2020 on October 21, 2020, after market close. A conference call is scheduled for October 22, 2020, at 2:00 p.m. Central Time. The bank, with total assets of $5.6 billion, operates 94 branches across six states. The call will be accessible through a dedicated phone line and the Investor Relations website. Earnings results will be disseminated via a news release and are expected to be filed with the SEC. The company continues to face uncertainties due to the COVID-19 pandemic.
Great Southern Bancorp (NASDAQ: GSBC) reported preliminary financial results for Q2 2020, with earnings of $0.93 per diluted share, down from $1.28 a year earlier. Total gross loans rose by $241 million (4.9%) to $4.4 billion, driven mainly by residential and commercial loans. However, net interest income decreased by 3.3% to $43.5 million, attributed to lower yields and increased cash equivalents. Asset quality remained strong with non-performing assets at $7.6 million (0.14% of total assets). The company's capital position is robust, bolstered by $75 million in subordinated notes, maintaining regulatory compliance.
Great Southern Bank, a subsidiary of Great Southern Bancorp (NASDAQ: GSBC), has been honored in Forbes' annual list of the World鈥檚 Best Banks 2020, ranking sixth in the U.S. This recognition highlights the bank's commitment to customer service as evaluated by feedback from 40,000 bank customers across 23 countries. Great Southern Bank operates 97 retail banking centers across several states and holds total assets of $5.1 billion. The award underscores the bank's efforts to build trustworthy relationships with its customers.
Great Southern Bancorp (NASDAQ:GSBC) announced a dividend of $0.34 per common share for Q2, payable on July 14, 2020, to shareholders recorded by June 29, 2020. This marks the 122nd consecutive quarterly dividend from the bank holding company. With a robust asset base of $5.1 billion, Great Southern provides diverse banking services across various states, operating 97 retail banking centers and commercial loan offices in several cities.
Great Southern Bancorp, Inc. (NASDAQ: GSBC) announced a public offering of $75 million in 5.50% Fixed-to-Floating Rate Subordinated Notes due June 15, 2030. The initial interest rate is 5.50% until June 15, 2025, after which it will shift to a floating rate based on the Three-Month Term SOFR plus 532.5 basis points. The offering is set to close on June 12, 2020, with net proceeds of approximately $73.9 million intended for corporate purposes such as paying debts, dividends, and supporting growth. Piper Sandler & Co. and Keefe, Bruyette & Woods are managing the offering.
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