Financial Data and Key Metrics Changes - The company reported solid results for the fourth quarter and full year ending December 31, 2024, demonstrating resilience despite a challenging economic environment [6]. Business Line Data and Key Metrics Changes - Specific details regarding changes in various business lines were not provided in the available content. Market Data and Key Metrics Changes - Information on market data and key metrics changes was not included in the provided content. Company Strategy and Development Direction and Industry Competition - The company emphasized its strength and progress in a dynamic banking environment, indicating a focus on resilience and adaptability [6]. Management's Comments on Operating Environment and Future Outlook - Management highlighted the challenges faced in the economic and banking landscape but expressed confidence in the company's performance and strategic direction [6]. Other Important Information - Forward-looking statements were made regarding the company's future events and financial performance, with a reminder that actual results may differ from projections [4]. Q&A Session Summary Question: General inquiries about the company's performance and outlook - The management team, including the CEO and CFO, provided insights into the company's resilience and strategic focus during the call, although specific questions and answers were not detailed in the provided content [5][6].

Financial Performance - Preliminary earnings for Q4 2024 were $1.27 per diluted common share, up from $1.11 in Q4 2023, resulting in a net income of $14.9 million compared to $13.1 million[2]. - Net income for the three months ended December 31, 2024, was $14,922 thousand, compared to $13,145 thousand for the same period in 2023, reflecting an increase of 13.5%[54]. - Net income for the year ended December 31, 2024, was $61,807 thousand, a decrease from $67,800 thousand in 2023, indicating a decline of 8.8%[61]. - The effective tax rate decreased to 16.9% for the quarter ended December 31, 2024, compared to 19.7% in the same quarter of 2023[23]. - Earnings per common share for the three months ended December 31, 2024, were $1.27, up from $1.11 in the same period of 2023, representing an increase of 14.4%[61]. Income and Expenses - Net interest income increased by $4.4 million (approximately 9.7%) to $49.5 million in Q4 2024, driven by higher interest income on loans[7]. - Non-interest income for the year ended December 31, 2024, was $30,565 thousand, slightly up from $30,073 thousand in 2023, reflecting an increase of 1.6%[54]. - Non-interest expenses for the year remained consistent at $141.5 million, despite ongoing investments in technology and operational efficiencies[13]. - Non-interest income increased by $371,000 to $6.9 million compared to the same quarter in 2023[20]. - Non-interest expense rose by $662,000 to $36.9 million for the quarter ended December 31, 2024, primarily due to a $1.7 million increase in other operating expenses[20]. Asset Quality - Non-performing assets decreased by $2.2 million to $9.6 million, representing 0.16% of total assets, compared to 0.20% at the end of Q4 2023[12]. - Non-performing assets decreased to $9.6 million at December 31, 2024, from $11.8 million at December 31, 2023, representing a decrease of 18.64% year-over-year[37]. - The allowance for credit losses as a percentage of total loans was 1.36% at December 31, 2024, consistent with the previous quarter and slightly down from 1.39% at December 31, 2023[35]. - The provision for credit losses on loans was $1,700 thousand for the year ended December 31, 2024, down from $2,250 thousand in 2023, indicating a decrease of 24.4%[60]. - Potential problem loans increased by $1.1 million compared to September 30, 2024, totaling $7.062 million at December 31, 2024[39]. Capital and Liquidity - The Company’s Tier 1 Leverage Ratio was 11.4% and Common Equity Tier 1 Capital Ratio was 12.3% as of December 31, 2024, indicating a strong capital position[7]. - Total stockholders' equity increased by $27.8 million to $599.6 million as of December 31, 2024, driven by $61.8 million in net income[24]. - Total stockholders' equity as of December 31, 2024, was $599,568 thousand, an increase from $571,829 thousand as of December 31, 2023, representing a growth of 4.8%[58]. - The company had available secured lines totaling $1,405.2 million and cash and cash equivalents of $195.8 million as of December 31, 2024[29]. - The Company expects funding costs to remain elevated in 2025, but maintains a strong liquidity position and credit quality[15]. Loans and Deposits - Gross loans grew by $100.5 million (2.2%) to $4.76 billion, primarily driven by multi-family residential and commercial real estate lending[11]. - Total net loans increased by $100.8 million, or 2.2%, from $4.59 billion at December 31, 2023, to $4.69 billion at December 31, 2024[32]. - Total deposits decreased by $91.9 million during the three months ended December 31, 2024, with interest-bearing checking balances down by $21.4 million (1.0%)[29]. - The company reported a total deposits value of $3,824,338 thousand, with brokered deposits yielding an interest of $37,534 thousand[66]. Operational Efficiency - The Company's efficiency ratio improved to 65.43% for the quarter ended December 31, 2024, down from 70.17% in the same quarter of 2023[22]. - The annualized return on average common equity was 9.76% for Q4 2024, slightly up from 9.71% in Q4 2023[3]. - The annualized return on average assets increased to 1.00% for the three months ended December 31, 2024, up from 0.91% in 2023[55]. - The average interest rate spread increased to 2.87% in Q4 2024, compared to 2.65% in Q4 2023[16]. - The company is advancing updates and growth in operational programs with its current core banking provider, with expected completion in Q3 2025[45]. Future Outlook - The Company anticipates recording approximately $2.0 million in interest income from a terminated interest rate swap in each of the first three quarters of 2025[18]. - The company plans to replace a banking center in Springfield, Mo. with a new facility, with construction expected to begin in Q1 2025 and completion anticipated in Q4 2025[46]. - The company will host a conference call on January 22, 2025, to discuss fourth quarter 2024 preliminary earnings[47].

Core Insights - Great Southern Bancorp (GSBC) reported quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.32 per share, but showing an increase from $1.11 per share a year ago, resulting in an earnings surprise of -3.79% [1] - The company posted revenues of $56.47 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.58%, and up from $51.71 million year-over-year [2] - The stock has added about 1.2% since the beginning of the year, underperforming the S&P 500's gain of 2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.29 on revenues of $54.52 million, and for the current fiscal year, it is $5.19 on revenues of $225 million [7] - The estimate revisions trend for Great Southern Bancorp is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Financial - Savings and Loan industry, to which Great Southern Bancorp belongs, is currently in the top 12% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Viewpoint - Great Southern Bancorp, Inc. reported a strong performance in the fourth quarter of 2024, with net income increasing to $14.9 million or $1.27 per diluted common share, compared to $13.1 million or $1.11 per diluted common share in the same period of 2023, driven by higher net interest income and strategic loan portfolio growth [1][8]. Financial Performance - For the quarter ended December 31, 2024, the annualized return on average common equity was 9.76%, and the annualized return on average assets was 1.00%, both showing improvements from 9.71% and 0.91% respectively in the same quarter of 2023 [2]. - Net interest income for the fourth quarter of 2024 increased by $4.4 million (approximately 9.7%) to $49.5 million compared to $45.1 million in the fourth quarter of 2023, primarily due to higher interest income on loans [6][18]. - The company's net income for the full year 2024 was $61.8 million, or $5.26 per diluted common share, down from $67.8 million, or $5.61 per diluted common share in 2023 [7]. Asset Quality - Non-performing assets decreased to $9.6 million (0.16% of total assets) at December 31, 2024, down from $11.8 million (0.20% of total assets) at December 31, 2023, indicating improved asset quality [11][37]. - The allowance for credit losses as a percentage of total loans was 1.36% at December 31, 2024, consistent with the previous quarter and slightly down from 1.39% a year earlier [36]. Capital Management - Total stockholders' equity increased by $27.7 million year-over-year to $599.6 million at year-end 2024, with a tangible common equity to tangible assets ratio of 9.9% [13][24]. - The company's capital ratios remained strong, with a Tier 1 Leverage Ratio of 11.4% and a Total Capital Ratio of 15.4% as of December 31, 2024 [24]. Liquidity and Deposits - As of December 31, 2024, the company had secured borrowing line availability of $1.06 billion at the FHLBank and $346.4 million at the Federal Reserve Bank, along with unpledged securities valued at $354.9 million [29]. - Total deposits decreased by $116.2 million during the year ended December 31, 2024, with significant declines in time deposits and non-interest-bearing checking balances [30][31]. Loan Portfolio - Total net loans increased by $100.8 million (2.2%) to $4.69 billion at December 31, 2024, driven primarily by growth in multi-family residential loans [32]. - The pipeline of unfunded loan commitments increased in the fourth quarter of 2024, indicating continued demand for loans despite a slight decrease in total net loans during the quarter [33]. Non-Interest Income and Expenses - Non-interest income for the fourth quarter of 2024 increased by $371,000 to $6.9 million compared to the same quarter in 2023, while non-interest expenses rose by $662,000 to $36.9 million, largely due to a non-recurring litigation expense [20][22]. - The company's efficiency ratio improved to 65.43% for the quarter ended December 31, 2024, compared to 70.17% for the same quarter in 2023 [20].

In its upcoming report, Great Southern Bancorp (GSBC) is predicted by Wall Street analysts to post quarterly earnings of $1.32 per share, reflecting an increase of 18.9% compared to the same period last year. Revenues are forecasted to be $55.05 million, representing a year-over-year increase of 6.5%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timef ...

SPRINGFIELD, Mo., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for Great Southern Bank, expects to report fourth quarter preliminary earnings after the market closes on Tuesday, January 21, 2025, and host a conference call on Wednesday, January 22, 2025, 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. Par ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Taiwan Semiconductor Manufacturing Company Limited (TSM) : This semiconductor company has seen the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.United Overseas Bank Limited (UOVEY) : This banking products and services provider has seen the Zacks Consensus Estimate for its current year earnings increasing 4.3% over the last 60 days.Great Southern Bancorp, Inc. (GSBC) : This bank holding com ...

Great Southern Bancorp (GSBC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

Great Southern Bancorp (GSBC) reported $54.97 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 0.7%. EPS of $1.41 for the same period compares to $1.33 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $54.75 million, representing a surprise of +0.41%. The company delivered an EPS surprise of +11.90%, with the consensus EPS estimate being $1.26. While investors scrutinize revenue and earnings changes year-over-year and how they com ...

Wall Street analysts forecast that Great Southern Bancorp (GSBC) will report quarterly earnings of $1.26 per share in its upcoming release, pointing to a year-over-year decline of 5.3%. It is anticipated that revenues will amount to $54.75 million, exhibiting an increase of 0.3% compared to the year-ago quarter. The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their ...