Great Southern Bancorp, Inc. · NASDAQ:GSBC
Great Southern Bancorp — Q1 2025 Earnings Presentation
17 slides from Great Southern Bancorp's earnings presentation, Apr 17, 2025
Slide 1: Earnings Presentation First Quarter Ended March 31, 2025
Earnings Presentation April 2025 Great Southern Bancorp. Inc (NASDAQ: GSBC) First Quarter Ended March 31, 2025
Slide 2: Forward-Looking Statements
Forward - Looking Statements When used in this presentation and in other documents filed or furnished by Great Southern Bancorp, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”), in the Company's other press releases or other public or stockholder communications, and in o
Slide 3: Executive Management Team
Executive Management Team Joseph W. Turner joined Great Southern in 1991 and became an officer of Bancorp in 1995. He was appointed to the Board of Directors of Bancorp and Great Southern in 1997 and has served as President and Chief Executive Officer since 2000. In this role, he has led the company
Slide 4: Financial Performance Quarter ended March 31, 2025
Financial Performance Quarter ended March 31, 2025
Slide 5: Highlights & Developments
Highlights & Developments Great Southern Bank | 5 1Q24 4Q24 1Q25 ($000S EXCEPT PER SHARE DATA) INCOME STATEMENT $44,816 $49,534 $49,334 Net Interest Income $13,407 $14,922 $17,160 Net Income $1.13 $1.27 $1.47 Earnings per Diluted Common Share 4Q24 1Q25 ($000S EXCEPT PER SHARE DATA) BALANCE SHEET $59
Slide 6: Income Statement
Income Statement Net Income Growth: GSBC reported net income of $17.2 million in 1Q25, a 28.0% increase from $13.4 million in 1Q24. Earnings Per Share: Earnings per diluted common share rose to $1.47 in 1Q25 from $1.13 in 1Q24, marking a 30.1% increase. Interest Income Growth: Total interest income
Slide 7: Non-Interest Income
$262 $217 $381 $1,215 $1,314 $1,289 $3,234 $3,348 $3,183 $601 $677 $243 $132 $899 $167 - $24 - $1 - $13 $1,059 $1,025 $1,122 1Q25 4Q24 1Q24 Non - Interest Income In Thousands Other income Loss on derivative interest rate products Late charges and fees on loans Net gains on loan sales POS and ATM fee
Slide 8: Non-Interest Expense
Non - Interest Expense Total Non - Interest Expense: $34.8 million, a $400,000 increase from $34.4 million in 1Q24. Net Occupancy and Equipment Expense: Net occupancy expenses increased to $8.5 million, a $694,000 increase year - over - year, driven by various components of computer license and supp
Slide 9: Deposits
Deposits Interest - Bearing Deposits: Rose by $33.5 million, or 1.5% quarter over quarter, primarily driven by growth in certain money market accounts. Non - Interest - Bearing Deposits: Increased by $9.7 million, or 1.2%, from the previous quarter. Time Deposits: Time deposits generated through the
Slide 10: Capital
Capital Stockholders’ Equity at March 31, 2025: $613.3 million, or 10.23% of total assets, up from $565.2 million (9.78% of total assets) at March 31, 2024. Key Drivers of Stockholders' Equity Growth: ● $17.2 million in net income. ● $1.2 million increase from stock option exercises. ● $4.6 million
Slide 11: Capital Position
1Q25 4Q24 1Q24 9.9 % Capital Position 1Q25 4Q24 1Q24 Tangible Common Equity Ratio 10.1 % 9.6 % 1Q25 4Q24 1Q24 11.4 % Leverage Ratio 11.3 % 11.0 % CET1 Ratio 12.4 % 11.9 % 12.3 % 15.4 % 1Q25 4Q24 1Q24 Total Capital Ratio 15.6 % 15.1 % Great Southern Bank | 11
Slide 12: Loan Portfolio by Category
Loan Portfolio by Category Gross Loans [in thousands] *Includes Home Equity Loans of $114,333 3 - 31 - 25 $4,768,235 *Includes Home Equity Loans of $115,836 12 - 31 - 24 $4,768,785 Great Southern Bank | 12
Slide 13: Loan Growth by Region
$4,768,785 Loan Growth by Region Gross Loans [in thousands] 3 - 31 - 25 $4,768,235 12 - 31 - 24 Great Southern Bank | 13
Slide 14: Asset Quality Metrics
Asset Quality Metrics Non - Performing Assets (NPAs) : Decreased to $ 9 . 5 million, representing 0 . 16 % of total assets, down from $ 9 . 6 million ( 0 . 16 % of total assets) in 4 Q 24 . Allowance for Credit Losses (ACL) : Remained stable at 1 . 36 % of total loans, consistent with the ratio in 4
Slide 15: Non-GAAP Reconciliation
Non - GAAP Reconciliation Great Southern Bank | 15 This document contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States (“GAAP”). This non - GAAP financial information includes the tangible common equit
Slide 16: Non-GAAP Reconciliation: Ratio of Tangible Common Equity to Tangible Assets
Non - GAAP Reconciliation Non - GAAP Reconciliation: Ratio of Tangible Common Equity to Tangible Assets March 31, 2025 Great Southern Bank | 16 December 31, 2024 (Dollars in thousands) $ 599,568 $ 613,293 Common equity at period end 10,094 9,985 Less: Intangible assets at period end $ 589,474 $ 603,
Slide 17: Contact Us
Contact Us (616) 233 - 0500 - GSBC@lambert.com Jeff Tryka Investor Relations
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