Business
Great Southern Bancorp, Inc. Reports Preliminary Fourth Quarter Earnings of $1.45 Per Diluted Common Share
Preliminary Financial Results and Business Update for the Quarter and Year Ended December 31, 2025 SPRINGFIELD, Mo., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Great
About this update from Great Southern Bancorp, Inc.
[{"type":"text","content":"Preliminary Financial Results and Business Update for the Quarter and Year Ended December 31, 2025\nSPRINGFIELD, Mo., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Great Southern Bancorp, Inc. (the “Company”) (NASDAQ:GSBC), the holding company for Great Southern Bank (the “Bank”), today reported that preliminary earnings for the three months ended December 31, 2025, were $1.45 per diluted common share ($16.3 million net income) compared to $1.27 per diluted common share ($14.9 million net income) for the three months ended December 31, 2024. Full-year preliminary earnings for 2025 were $71.0 million, or $6.19 per diluted common share, compared to $61.8 million, or $5.26 per diluted common share, for 2024. For the quarter ended December 31, 2025, annualized return on average common equity was 10.16%, annualized return on average assets was 1.16%, and annualized net interest margin was 3.70%, compared to 9.76%, 1.00% and 3.49%, respectively, for the quarter ended December 31, 2024. For the year ended December 31, 2025, return on average common equity was 11.38%, return on average assets was 1.22%, and net interest margin was 3.67%, compared to 10.55%, 1.05% and 3.42%, respectively, for the year ended December 31, 2024. Key Results: Significant Expense Items: During the three months ended December 31, 2025, the Company recorded expenses related to adjustments to asset values for branch closures and certain leased facilities. Expenses totaling $259,000 and $287,000 were recorded in Other Income and Net Occupancy and Equipment Expense, respectively. Net Interest Income: Net interest income for the fourth quarter of 2025 decreased $371,000 (or approximately 0.7%) to $49.2 million compared to $49.5 million for the fourth quarter of 2024, largely driven by the completion of accounting recognition in October 2025 of interest income from a previously-terminated interest rate swap, partially offset by lower interest expense on deposit accounts and other borrowings. Annualized net interest margin was 3.70% for the quarter ended December 31, 2025, compared to 3.49% for the quarter ended December 31, 2024, and 3.72% for the quarter ended September 30, 2025. Asset Quality: Non-performing assets and potential problem loans totaled $9.5 million at December 31, 2025, a decrease of $7.1 million from $16.6 million at December 31, 2024. At December 31, 2025, no...