Great Southn Bancorp Inc Stock Price, News & Analysis

Great Southern Bancorp, Inc. (NASDAQ:GSBC) will hold its 33rd Annual Meeting of Stockholders on May 11, 2022, at 10 a.m. CDT via a virtual platform due to the COVID-19 pandemic. Stockholders on record as of March 2, 2022, can participate through live webcast or proxy voting. The company, with total assets of $5.4 billion, operates 93 retail banking centers across several states. Additional information regarding the meeting and materials will be available on the company’s website, GreatSouthernBank.com.

Great Southern Bancorp reported preliminary earnings of $1.14 per diluted share for Q4 2021, down from $1.28 in Q4 2020. Total net income for the quarter was $15.3 million, compared to $17.8 million in the same period last year. For the full year 2021, earnings were $5.46 per share, up from $4.21 in 2020. The bank adopted the CECL accounting standard, impacting credit loss calculation. Total loans increased by 4.3% in Q4 2021, but decreased by 0.04% year-over-year. The company saw a negative provision for credit losses of $3.0 million, reflecting a stable economic outlook.

The Board of Directors of Great Southern Bancorp, Inc. (NASDAQ:GSBC) has declared a $0.36 per common share dividend for the fourth quarter of 2021. This dividend, representing the 128th consecutive quarterly dividend, will be payable on January 11, 2022, to shareholders of record on December 27, 2021. With total assets of $5.5 billion, Great Southern provides a range of banking services across multiple states, operating 93 retail banking centers and loan production offices in key locations.

Great Southern Bancorp (NASDAQ:GSBC) anticipates releasing its preliminary earnings for the fourth quarter of 2021 after market close on January 24, 2022. A conference call will be held on January 25, 2022, at 2:00 PM CT to discuss these results. Interested participants can join by calling 1.833.832.5121 with passcode 3989279. With total assets of $5.5 billion, Great Southern offers a wide range of banking services across several states and operates 93 retail banking centers.

Great Southern Bancorp (NASDAQ:GSBC) reported preliminary earnings of $20.4 million, or $1.49 per diluted share, for Q3 2021, up from $13.5 million ($0.96 per share) in Q3 2020. For the first nine months, earnings were $59.3 million ($4.32 per share), compared to $41.5 million ($2.93 per share) last year. Despite a decrease in total loans by $271.1 million to $4.03 billion, the company benefited from a negative provision for credit losses of $3.0 million. Net interest income rose to $44.9 million, driven by lower deposit costs. The capital ratios remained strong, exceeding regulatory thresholds.

The Board of Directors of Great Southern Bancorp (NASDAQ:GSBC) declared a $0.36 per common share dividend for Q3 2021, marking a 6% increase from the previous quarter's $0.34. The dividend will be payable on October 12, 2021, to shareholders of record on September 27, 2021, representing the 127th consecutive quarterly dividend paid by the company. Great Southern Bank, with total assets of $5.6 billion, operates 94 retail banking centers across several states, offering a range of banking services.

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.