Welcome to our dedicated page for Great Southn Bancorp news (Ticker: GSBC), a resource for investors and traders seeking the latest updates and insights on Great Southn Bancorp stock.
Great Southn Bancorp Inc (GSBC) delivers community-focused banking services across six Midwest states through its subsidiary Great Southern Bank. This news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and strategic initiatives.
Access authoritative information on GSBC's quarterly earnings reports, regulatory filings, leadership announcements, and product innovations. Our curated collection serves as a reliable resource for tracking the bank's mortgage lending activities, commercial banking expansions, and risk management practices.
Key updates include material event disclosures, dividend declarations, merger/acquisition developments, and technology implementations related to digital banking platforms. Bookmark this page for streamlined access to verified information that supports informed financial decision-making regarding this regional banking institution.
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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