SPRINGFIELD, Mo., March 26, 2026 (GLOBE NEWSWIRE) -- Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, expects to report first quarter preliminary earnings after the market closes on Wednesday, April 15, 2026, and host a conference call on Thursday, April 16, 2026, at 2:00 p.m. Central Time (3:00 p.m. Eastern Time). The call will be available live or later in a recorded version at the Company’s Investor Relations website, https://investors.greatsouthernbank.com. Partic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Table of Contents ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 Commission file number 0-18082 GREAT SOUTHERN BANCORP, INC. (Exact name of registrant as specified in its charter) Maryland 43-1524856 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1451 E. Battlefield, Springfield, Missouri 65804 ...

Group 1 - Great Southern Bancorp, Inc. will hold its 37th Annual Meeting of Stockholders virtually on May 13, 2026, at 10 a.m. CDT [1] - Stockholders can vote during the live webcast or by proxy, with the record date set for March 3, 2026 [2] - The company operates 88 retail banking centers across several states and offers a wide range of banking services [3]

Group 1 - The article does not contain any relevant content regarding company or industry insights [1]

Core Insights - Great Southern Bancorp reported higher earnings for both the fourth quarter and full year of 2025, driven by stable core operations, strong credit quality, and capital deployment strategies including share repurchases [4][3] Financial Performance - Net interest income for Q4 2025 was $49.2 million, a decrease of $371,000 from the prior year and down from $50.8 million in Q3 2025, primarily due to the termination of an interest rate swap that previously contributed approximately $2 million in income [2][4] - Full year net income for 2025 reached $71.0 million, or $6.19 per diluted share, compared to $61.8 million, or $5.26 per diluted share, in 2024 [3] - Q4 net income was $16.3 million, or $1.45 per diluted share, an increase from $14.9 million, or $1.27 per diluted share, in the same quarter of the previous year [3][7] Interest Income and Expenses - Interest income fell to $73.4 million from $82.6 million a year earlier, attributed to the impact of swaps, lower average loan balances, and reduced market interest rates [1] - Interest expense totaled $24.3 million, with management noting a decline in funding costs as deposit and borrowing costs moderated [1] Asset and Loan Quality - Total assets decreased to $5.60 billion and total loans declined to $4.36 billion, influenced by elevated payoff activity, particularly in multifamily and construction loans [6][9] - Non-performing assets were reported at 0.15% of total assets, with no loan-loss provision required for 2025 [5][13] Capital Management - The company repurchased 241,000 shares in Q4 at an average price of $59.33, totaling 755,000 shares for the full year at an average price of $58.35 [18][19] - Total stockholders' equity increased to $636.1 million at year-end, up from $599.6 million in 2024, with a book value per share of $57.50 [17] Dividend and Shareholder Returns - A quarterly cash dividend of $0.43 per share was declared for Q4, with total regular dividends for 2025 amounting to $1.66 per share [18] Outlook and Challenges - Management indicated that loan growth in 2026 is expected to be challenging, primarily due to difficulties in forecasting payoffs and borrower decisions [11][12]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported net income of $16.3 million or $1.45 per diluted common share, an increase from $14.9 million or $1.27 per diluted common share in Q4 2024 [3][10] - Full-year net income for 2025 totaled $71 million or $6.19 per diluted common share, up from $61.8 million or $5.26 per diluted common share in 2024 [10][18] - Net interest income for Q4 2025 was $49.2 million, a slight decrease of $371,000 or 0.7% compared to Q4 2024 [4][11] - Non-interest income increased to $7.2 million in Q4 2025 from $6.9 million in Q4 2024 [13][14] - Non-interest expense decreased to $36 million in Q4 2025, down 2.6% from $36.9 million in Q4 2024 [8][14] Business Line Data and Key Metrics Changes - Net loans receivable at year-end totaled $4.336 billion, a decline of $333.5 million or 7.1% from the previous year, primarily due to elevated payoff activity [5][16] - Total deposits decreased by $122.8 million or 2.7% to $4.48 billion at year-end 2025, driven by a decline in brokered deposits [6][17] - Core deposits remained stable, with a notable increase in interest-bearing checking accounts by $75 million [7][17] Market Data and Key Metrics Changes - Non-performing assets represented 0.15% of total assets at year-end, consistent with both the linked quarter and prior year quarter [7][17] - The company maintained strong liquidity with cash and cash equivalents totaling $189.6 million and access to approximately $1.63 billion in additional borrowing capacity [16][18] Company Strategy and Development Direction - The company remains focused on preserving net interest margins, protecting credit quality, controlling non-interest expenses, and opportunistically repurchasing stock [3][9] - The management emphasized a conservative underwriting posture and maintaining strong capital and liquidity levels to navigate economic challenges [9][19] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in loan growth due to elevated payoffs but expressed confidence in the strength of their loan portfolio and ongoing efforts to originate new loans [30][39] - The company does not expect significant changes in net interest margins in the near term, with a slight bias towards potential increases depending on market conditions [28][29] Other Important Information - Stockholders' equity increased to $636.1 million at year-end 2025, representing 11.4% of total assets, with a book value per common share of $57.50 [18][19] - The board declared a regular quarterly cash dividend of $0.43 per common share, consistent with the previous quarter [20] Q&A Session Summary Question: Margin outlook for 2026 - Management noted that they performed better than expected in Q4 2025, managing funding costs effectively, but did not anticipate significant margin increases moving forward [24][25][28] Question: Loan growth expectations - Management indicated that loan growth would remain challenging due to ongoing payoffs, but they are actively generating new loans [30][32][39] Question: Expense expectations for 2026 - Management acknowledged that expenses may increase due to annual salary adjustments and payroll tax resets [33]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported net income of $16.3 million or $1.45 per diluted common share, an increase from $14.9 million or $1.27 per diluted common share in Q4 2024 [3][10] - Full-year net income for 2025 totaled $71 million or $6.19 per diluted common share, up from $61.8 million or $5.26 per diluted common share in 2024 [10][18] - Net interest income for Q4 2025 was $49.2 million, a slight decrease of $371,000 or 0.7% compared to the prior year quarter [4][11] - The efficiency ratio improved to 63.89% in Q4 2025 from 65.43% in Q4 2024 [15] Business Line Data and Key Metrics Changes - Net loans receivable decreased to $4.336 billion at year-end, down $333.5 million or 7.1% from the previous year, with declines in multifamily residential, commercial construction, and commercial business loans [5][16] - Total deposits decreased by $122.8 million or 2.7% to $4.48 billion, primarily due to a decline in brokered deposits [16][17] - Non-interest income increased to $7.2 million in Q4 2025 from $6.9 million in Q4 2024, driven by higher late charges and fees [12][13] Market Data and Key Metrics Changes - Non-performing assets represented 0.15% of total assets at year-end, consistent with both the linked quarter and prior year quarter [7][17] - The company maintained strong liquidity with cash and cash equivalents totaling $189.6 million and access to approximately $1.63 billion of additional borrowing capacity [16] Company Strategy and Development Direction - The company remains focused on preserving net interest margins, protecting credit quality, controlling non-interest expenses, and opportunistically repurchasing stock [3][9] - Management emphasized a conservative underwriting posture and a focus on pricing, structure, and borrower stream to navigate economic pressures [5][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that loan growth may remain challenging due to elevated payoffs and competitive market conditions, but expressed confidence in the company's conservative approach and sound balance sheet management [9][30] - The company did not record a provision for credit losses on outstanding loans in 2025, reflecting stable borrower performance [18] Other Important Information - Stockholders' equity increased to $636.1 million at year-end 2025, representing 11.4% of total assets, with a book value per common share of $57.50 [18][19] - The board declared a regular quarterly cash dividend of $0.43 per common share, consistent with the previous quarter [20] Q&A Session Summary Question: Regarding the margin and its outlook for 2026 - Management noted that they performed better than expected in Q4 2025, managing funding costs proactively and seeing some loans redeployed at higher rates [25][26] Question: Expectations for loan growth and payoffs - Management indicated that loan growth would remain challenging, with good activity but elevated payoffs continuing to impact net growth [30][31] Question: Future expenses and potential increases - Management acknowledged that there would likely be an uptick in expenses due to annual increases in salaries and benefits [35]

Loan Portfolio Presentation January 2026 Great Southern Bancorp. Inc (NASDAQ: GSBC) Fourth Quarter Ended December 31, 2025 Loan Portfolio by Category Gross Loans [in thousands] Consumer* $174,448 4% Single Family Real Estate $788,835 18% Multi-family Real Estate $1,387,410 31% Commercial Real Estate $1,556,148 35% Const & Land Dev $349,161 8% Commercial Business $178,514 4% *Includes Home Equity Loans of $128,030 12-31-25 $4,434,516 9-30-25 $4,543,707 Consumer* $171,519 4% Single Family Real Estate $802,384 ...

Financial Performance - Preliminary earnings for Q4 2025 were $1.45 per diluted common share, up from $1.27 in Q4 2024, with net income increasing to $16.3 million from $14.9 million[2]. - Full-year 2025 net income reached $71.0 million, or $6.19 per diluted common share, compared to $61.8 million, or $5.26 per diluted common share, in 2024[2]. - Net income for the year ended December 31, 2025, was $70,973 thousand, an increase of 14.0% compared to $61,807 thousand in 2024[47]. - Earnings per common share for the year ended December 31, 2025, rose to $6.23, up from $5.28 in 2024, marking an increase of about 18.0%[53]. Asset and Loan Management - Total assets decreased to $5,598,606 thousand as of December 31, 2025, from $5,981,628 thousand in 2024, representing a decline of approximately 6.4%[47]. - Total net loans decreased by $333.5 million (7.1%) from $4.69 billion at December 31, 2024, to $4.36 billion at December 31, 2025[4]. - Loans receivable, net of allowance for credit losses, stood at $4,356,853 thousand as of December 31, 2025, compared to $4,690,393 thousand in December 2024, a decrease of about 7.1%[50]. - Total loans receivable decreased to $4,452,057 thousand with an average yield of 5.90% for the three months ended December 31, 2025, compared to $4,785,690 thousand and 5.93% for the same period in 2024[56]. Non-Performing Assets - Non-performing assets decreased to $8.1 million (0.15% of total assets) at December 31, 2025, down from $9.6 million (0.16% of total assets) at December 31, 2024[4]. - Non-performing assets decreased to $8,130 thousand in 2025 from $9,566 thousand in 2024, indicating a reduction of approximately 15.0%[47]. - Non-performing loans increased by $366,000 compared to September 30, 2025, totaling $2.094 million at December 31, 2025[28]. - Potential problem loans decreased by $8,000 to $1.390 million at December 31, 2025[31]. Income and Expenses - Net interest income for Q4 2025 decreased by $371,000 (0.7%) to $49.2 million, primarily due to the end of income recognition from a previously-terminated interest rate swap[4]. - Non-interest income increased to $29,052 thousand for the year ended December 31, 2025, compared to $30,565 thousand in 2024, reflecting a decrease of approximately 4.9%[47]. - Non-interest expense for Q4 2025 was approximately $36.0 million, consistent with the prior-year quarter and the third quarter of 2025[5]. - Non-interest expense decreased by $947,000 to $36.0 million, with an efficiency ratio of 63.89%, down from 65.43% in the same quarter of 2024[13]. Equity and Dividends - Total stockholders' equity increased by $36.6 million to $636.1 million, with a book value of $57.50 per common share, compared to $51.14 per share at December 31, 2024[15]. - Total stockholders' equity increased to $636,126 thousand as of December 31, 2025, from $599,568 thousand in December 2024, reflecting an increase of approximately 6.1%[50]. - Dividends declared per common share increased to $0.43 for the three months ended December 31, 2025, up from $0.40 in the same period of 2024, representing a growth of 7.5%[53]. Future Outlook and Strategic Initiatives - The Company opened a new banking center in Springfield, Mo., on October 20, 2025, designed as a next-generation facility[37]. - The Company plans to transition its Cottleville banking center to a drive-thru Express Center in Spring 2026, marking its first in the St. Louis market[38]. - The Company will consolidate its Edina, Minn., banking center operations with another location by the end of January 2026[39]. - The Company will host a conference call on January 22, 2026, to discuss fourth quarter 2025 preliminary earnings[40].

Core Insights - Great Southern Bancorp reported a strong financial performance for the fourth quarter and full year of 2025, with net income of $16.3 million or $1.45 per diluted common share, compared to $14.9 million or $1.27 per diluted common share in the same period of 2024 [1][6]. - For the full year 2025, net income reached $71.0 million or $6.19 per diluted common share, an increase from $61.8 million or $5.26 per diluted common share in 2024 [1][6]. Financial Performance - The annualized return on average common equity for Q4 2025 was 10.16%, up from 9.76% in Q4 2024, while the annualized return on average assets increased to 1.16% from 1.00% [2]. - The annualized net interest margin improved to 3.70% in Q4 2025, compared to 3.49% in Q4 2024 [2][5]. Selected Financial Data - Net interest income for Q4 2025 was $49.2 million, a slight decrease of $371,000 or approximately 0.7% from $49.5 million in Q4 2024 [4][5]. - Non-interest income increased to $7.2 million in Q4 2025, up by $254,000 from the previous year, primarily due to a significant rise in late charges and fees on loans [14]. Expense Management - Non-interest expense for Q4 2025 was $36.0 million, a decrease of $947,000 from Q4 2024, reflecting effective cost control measures [15]. - The efficiency ratio improved to 63.89% in Q4 2025 from 65.43% in Q4 2024 [15]. Asset Quality - Non-performing assets decreased to $8.1 million at year-end 2025, representing 0.15% of total assets, down from $9.6 million or 0.16% at year-end 2024 [33]. - The allowance for credit losses as a percentage of total loans was 1.46% at December 31, 2025, compared to 1.36% at December 31, 2024 [32]. Capital Position - Total stockholders' equity increased to $636.1 million at December 31, 2025, with a book value of $57.50 per common share, up from $51.14 per common share at the end of 2024 [19]. - The tangible common equity ratio was 11.2% at year-end 2025, significantly exceeding regulatory capital requirements [19]. Liquidity and Deposits - The Company had secured borrowing line availability of $1.32 billion from the Federal Home Loan Bank and $305.2 million from the Federal Reserve Bank as of December 31, 2025 [25]. - Total deposits decreased by $122.8 million during 2025, with a notable decline in brokered deposits by $108.7 million or 14.1% [26]. Loan Portfolio - Total net loans decreased by $333.5 million or 7.1% from $4.69 billion at December 31, 2024, to $4.36 billion at December 31, 2025, primarily due to reductions in various loan categories [28]. - The pipeline of unfunded loans remained strong, particularly in construction loans, with $605.5 million in unfunded commitments as of December 31, 2025 [29].