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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. (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.
Great Southern Bancorp (NASDAQ: GSBC) announced that its Board of Directors declared a $0.40 per common share dividend for the second quarter of 2024. This marks the 138th consecutive quarterly dividend for the company. The dividend will be payable on July 16, 2024, to shareholders of record on July 1, 2024.
Headquartered in Springfield, Missouri, Great Southern Bancorp has total assets of $5.8 billion and offers a wide range of banking services. The company operates 89 retail banking centers across several states and has commercial loan production offices in major cities like Atlanta, Chicago, and Dallas. GSBC is listed on the NASDAQ Global Select Market.
Great Southern Bancorp (NASDAQ: GSBC), the holding company for Great Southern Bank, will report its second quarter 2024 preliminary earnings after the market closes on July 16, 2024. A conference call to discuss the results is scheduled for July 17, 2024, at 2:00 p.m. Central Time.
The call will be available live and later as a recorded version on the company's Investor Relations website. Participants are advised to register and join 10 minutes before the event.
The earnings release will also be available on the SEC's website as part of a Current Report on Form 8-K. Great Southern Bancorp operates 89 retail banking centers across several states and commercial loan production offices in major cities. The company has total assets of $5.8 billion and its stock is listed on the NASDAQ Global Select Market under the ticker GSBC.
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