Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q3 2020 Earnings Conference Call October 22, 2020 3:00 PM ET Company Participants Kelly Polonus - Director, Communications & Marketing for Great Southern Bank Joseph Turner - President and Chief Executive Officer Rex Copeland - Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Liesch - Piper Sandler Michael Schiavone - KBW Operator Ladies and gentlemen, thank you for standing by, and welcome to the Great Southern Bancorp, Inc., T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the Quarterly Period Ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 organiz ...

Financial Data and Key Metrics Changes - Earnings declined in Q2 2020 compared to the same quarter last year, primarily due to a loan loss provision expense increase of $4.4 million, resulting in earnings of $0.93 per diluted common share [8] - Annualized return on common equity was 8.45%, return on assets was 0.98%, net interest margin was 3.39%, and efficiency ratio was 56.75% [9][35] Business Line Data and Key Metrics Changes - Loan production was solid, with outstanding loan balances increasing by $246 million from the end of the previous year to $4.4 billion, with $120 million attributed to PPP loans [10] - Loan modifications totaled $1 billion, with 431 commercial loans and 1,702 mortgage and consumer loans modified [13][14] Market Data and Key Metrics Changes - The committed pipeline decreased to $1.3 billion, down $91 million from the end of the last quarter [11] - The company experienced a significant increase in self-service channel usage, with mobile check deposits up 28% and P2P service transactions up 21% since March [21][22] Company Strategy and Development Direction - The company is focused on optimizing its banking center network and investing in digital channels, having closed or consolidated more than 36 offices in the last six years [22][23] - An in-depth study of the banking center network is underway to assess demographics, market potential, and technology integration [23][48] Management's Comments on Operating Environment and Future Outlook - The management expressed concerns about the ongoing pandemic's impact on the economy and acknowledged an increase in watch customers from $34 million to $74 million [6][12] - The management expects a substantial portion of modified loans to return to normal payment terms by the end of summer [14][65] Other Important Information - The company declared a regular cash dividend of $0.34 per common share and anticipates maintaining this dividend for the foreseeable future [17] - The liquidity position remains strong, with deposits at the Federal Reserve Bank and Home Loan Bank totaling about $580 million [36] Q&A Session Summary Question: Loan book growth and business development plans - Management indicated that loan growth is driven more by slower repayments than new origination activity, with less refinancing occurring compared to the previous year [40] Question: Outlook on PPP loans - Management expects most PPP loans to be paid off sooner rather than later, with many loans under $150,000 potentially expedited for forgiveness [41][43] Question: Branch network study updates - Management stated it is too early to share conclusions from the branch network study, which is examining various factors including demographics and market potential [44][48] Question: Liquidity and securities portfolio - Management expects liquidity levels to decrease over time but remain solid, with a focus on selective growth in the investment portfolio [61][62] Question: Interest income from PPP loans - The estimated impact of PPP loans on interest income was between $500,000 and $600,000 for the quarter [64] Question: Update on modified loans - Some modified loans have matured and rolled off, with expectations that a substantial portion will return to normal payment terms [65] Question: Opportunistic M&A thoughts - Management indicated a focus on organic growth rather than acquisitions, although they would consider opportunities if they arise [66][67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the Quarterly Period Ended March 31, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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. Employ ...

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q1 2020 Earnings Conference Call April 21, 2020 3:00 PM ET Company Participants Kelly Polonus - Investor Relations Joseph Turner - President and Chief Executive Officer Rex Copeland - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Perito - Keefe, Bruyette & Woods, Inc. Andrew Liesch - Piper Sandler & Co. John Rodis - Janney Montgomery Scott Operator Ladies and gentlemen, thank you for standing by, and welcome to the Great So ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 (Exact name of registrant as specified in its charter) | Maryland 43-1524856 | | | | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) (I.R.S. Identification No.) | | | | 1451 E. Battlefield, Springfield, Missouri | | 65804 | | (Address of principal executive offices) | | (Zip Code) | | (417) 887-4400 | | | | Registrant ...

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q4 2019 Results Earnings Conference Call January 22, 2020 3:00 PM ET Company Participants Kelly Polonus - Investor Relations Joe Turner - President and Chief Executive Officer Rex Copeland - Senior Vice President and Chief Financial Officer Conference Call Participants Andrew Liesh - Sandler O'Niell Michael Perito - KBW John Rodis - FIG Partners LLC Operator Ladies and gentlemen, thank you for standing by. And welcome to the Great Southern Bancorp Incorporated Fo ...

Financial Performance - Net income for the three months ended September 30, 2019 was $19.7 million, a decrease of $2.8 million or 12.4% compared to the same period in 2018 [219]. - Net income for the nine months ended September 30, 2019 was $55.7 million, an increase of $5.9 million or 11.8% compared to the same period in 2018 [220]. - Total interest income increased by $7.2 million or 13.6% during the three months ended September 30, 2019 compared to the same period in 2018 [221]. - Total interest income increased by $26.5 million or 17.7% during the nine months ended September 30, 2019 compared to the same period in 2018 [223]. - Non-interest income decreased by $5.9 million to $8.7 million for the three months ended September 30, 2019, primarily due to the prior year's gain on the sale of business units [278]. - Non-interest income decreased by $5.7 million to $23.3 million for the nine months ended September 30, 2019, primarily due to the gain on sale of business units in the prior year [282]. - Non-interest expense increased by $416,000 to $28.7 million for the three months ended September 30, 2019, mainly due to increased salaries and employee benefits [286]. - The efficiency ratio for the three months ended September 30, 2019, was 52.63%, up from 49.16% in the same period in 2018 [293]. Asset and Liability Management - Total assets increased by $296.0 million, or 6.3%, from $4.68 billion at December 31, 2018, to $4.97 billion at September 30, 2019 [174]. - Total liabilities increased by $231.2 million to $4.38 billion at September 30, 2019, primarily due to an increase in deposits [211]. - Total deposit balances increased by $210.1 million, or 5.6%, reaching $3.96 billion at September 30, 2019 [183]. - Net outstanding loans increased by $167.7 million, or 4.2%, from $3.99 billion at December 31, 2018, to $4.16 billion at September 30, 2019 [175]. - Total loans receivable rose to $4,196,375 thousand, with an average yield of 5.11% and net interest income of $57,226 thousand for the same period [299]. - Total interest-earning assets increased to $4,617,996 thousand with a net interest income of $60,187 thousand, reflecting a net interest margin of 4.90% for the three months ended September 30, 2019 [299]. Capital and Equity - Total stockholders' equity increased by $64.8 million from $532.0 million at December 31, 2018 to $596.8 million at September 30, 2019 [218]. - As of September 30, 2019, the Company had total stockholders' equity of $596.8 million, representing 12.0% of total assets, with a book value of $41.98 per common share [316]. - The tangible common equity to tangible assets ratio as of September 30, 2019, was 11.85%, compared to 11.20% as of December 31, 2018 [329]. - The Bank's common equity Tier 1 capital ratio was 12.8% as of September 30, 2019, indicating it was well capitalized [318]. - The Company declared a common stock cash dividend of $0.34 per share for the three months ended September 30, 2019, representing 25% of net income per diluted common share for that period [322]. - During the nine months ended September 30, 2019, the Company declared common stock cash dividends of $1.73 per share, or 44% of net income per diluted common share for that period [322]. Economic Conditions - The national unemployment rate declined to 3.5% in September 2019, the lowest since December 1969, indicating improved economic conditions [161]. - The Midwest unemployment rate was stable at 3.6% in September 2019, aligning with the national average [161]. - Sales of newly built single-family homes in September 2019 were at a seasonally adjusted annual rate of 701,000, which is 15.5% higher than the same month in 2018 [162]. - The median existing home price in September 2019 was $272,100, marking a 5.9% increase from September 2018, continuing a trend of year-over-year gains for 91 consecutive months [164]. - The homeownership rate rose to 64.2% in 2019, an increase of more than one percentage point since 2016 [166]. Regulatory Environment - The company is subject to regulatory changes under the Dodd-Frank Act, which could affect capital requirements and operational costs [194]. - The minimum capital ratios established include a CET1 risk-based capital ratio of 4.5%, a Tier 1 risk-based capital ratio of 6%, a total risk-based capital ratio of 8%, and a Tier 1 leverage ratio of 4% [199]. - The capital conservation buffer requires CET1 to be more than 2.5% above each minimum risk-based capital ratio to avoid restrictions on dividends and share repurchases [199]. - The prompt corrective action framework mandates a CET1 risk-based capital ratio of at least 6.5% for institutions to qualify as "well capitalized" [200]. - The EGRRCP Act modifies certain financial reform rules, providing regulatory relief for community banks with assets under $10 billion and banks over $50 billion [201]. - The EGRRCP Act establishes a "Community Bank Leverage Ratio" of between 8% and 10% for qualifying institutions [202]. - Institutions exceeding the community bank leverage ratio will be considered "well capitalized" under prompt corrective action rules [202]. - The specific impact of the EGRRCP Act on community banks remains uncertain at this time [204]. Loan Portfolio and Credit Quality - The allowance for loan losses is determined based on periodic evaluations of the loan portfolio, which are inherently subjective and may require additional provisions if actual outcomes differ from estimates [150]. - The Company’s regulators may require additional provisions for loan losses, which could adversely impact earnings and liquidity [159]. - Non-performing assets, excluding FDIC-assisted acquired assets, decreased to $9.0 million at September 30, 2019 from $11.8 million at December 31, 2018 [268]. - Non-performing loans decreased by $1.6 million to $4.7 million as of September 30, 2019, compared to December 31, 2018 [269]. - Potential problem loans increased by $1.1 million, or 34.4%, to $4.4 million, primarily due to the addition of $2.2 million in loans [273]. - The provision for loan losses for the three months ended September 30, 2019 was $2.0 million compared to $1.3 million for the same period in 2018 [261].

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q3 2019 Results Earnings Conference Call October 17, 2019 3:00 PM ET Company Participants Kelly Polonus - Investor Relations Joseph Turner - President and Chief Executive Officer Rex Copeland - Senior Vice President and Chief Financial Officer Conference Call Participants Michael Perito - KBW Andrew Liesch - Sandler O'Neil Operator Ladies and gentlemen, thank you for standing by. And welcome to the Great Southern Bancorp, Inc. Third Quarter 2019 Earnings Conference ...

/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the Quarterly Period Ended June 30, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q 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) 1451 E. Battlefield, Springfield, Missouri 65804 (Address of principal executive offices) (Zip Code) (41 ...