Great Southern Bancorp Q2 net interest income up 8.9%

Overview

• Great Southern preliminary Q2 EPS rises to $1.72, up from $1.45 last year

• Net interest income increases ~8.9% to $51.0 mln, driven by lower interest expenses on deposit accounts and other borrowings

• Non-performing assets decreased to $8.1 mln

Outlook

• Company anticipates recording $2.0 mln interest income from terminated swap in Q3 2025

• Great Southern remains focused on controlling costs and safeguarding credit quality

• Company expects effective tax rate to be approximately 18.0% to 20.0% in future periods

Result Drivers

• NET INTEREST INCOME - Driven by lower interest expenses on deposits and borrowings, net interest income rose 8.9% to $51.0 million

• ASSET QUALITY - Non-performing assets decreased to $8.1 million

• NON-INTEREST INCOME - Decreased due to lower net gains on loan sales and other income compared to prior year

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Great Southern Bancorp Inc is $59.50, about 0.8% above its July 15 closing price of $59.02

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX5gk7by