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 Southern Bancorp, Inc. (NASDAQ: GSBC) is the bank holding company for Great Southern Bank, a community banking organization headquartered in Springfield, Missouri. The company focuses on originating residential and commercial real estate loans, construction loans, commercial business loans, and consumer loans, and offers a range of banking services such as business banking, debit and credit cards, and online and mobile banking.
This GSBC news page aggregates company announcements and market updates drawn from official press releases and related disclosures. Recent items include preliminary quarterly earnings releases that detail net interest income, net interest margin, asset quality metrics, liquidity and capital levels, as well as commentary from management on core banking performance. Investors can also review announcements of quarterly cash dividends and information about stock repurchase authorizations, which illustrate how the company approaches shareholder returns.
In addition, Great Southern Bancorp regularly issues news about upcoming earnings release dates and conference calls, giving analysts and shareholders notice of when preliminary financial results will be discussed. These notices typically reference the company’s retail banking network across Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, along with its commercial lending offices in cities such as Atlanta, Charlotte, Chicago, Dallas, Denver, Omaha, and Phoenix.
By following the GSBC news feed, readers can monitor the company’s reported profitability trends, capital and liquidity commentary, dividend declarations, and other material events that the company chooses to highlight through press releases and associated communications.
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’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.