Great Southern Bancorp, Inc. reports recurring developments tied to its role as the Nasdaq-listed holding company for Great Southern Bank. Company news centers on preliminary earnings releases, net interest income and margin trends, loan production, funding costs, liquidity, and asset quality across its banking operations.
Updates also cover quarterly common-stock dividends, annual stockholder meeting matters, and the bank's service network across Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, with commercial lending offices in several U.S. markets. Business updates commonly discuss commercial real estate, construction, residential and commercial business lending, along with deposit costs, borrowing capacity and non-performing assets.
Great Southern Bank, a subsidiary of Great Southern Bancorp (NASDAQ: GSBC), has been honored in Forbes' annual list of the World’s 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.
Great Southern Bancorp (NASDAQ: GSBC) will report its second quarter 2020 preliminary earnings on July 20, 2020, after market close. A conference call is scheduled for July 21, 2020, at 2:00 p.m. CT. Interested parties can listen by dialing 1.833.832.5121, entering passcode 8373048. The results will be available on the Company’s Investor Relations website and via SEC filing. With total assets of $5.1 billion, Great Southern offers diverse banking services and operates 97 retail banking centers across multiple states.