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 ...

Great Southern Bancorp (GSBC) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.83%. A quarter ago, it was expected that this bank holding company would post earnings of $1.04 per share when it actually produced earnings of $1.13, delivering a surprise of 8.65%. Over the last four q ...

Exhibit 99.1 July 16, 2024 FOR IMMEDIATE RELEASE CONTACT: Kelly Polonus, Great Southern, (417) 895-5242 kpolonus@greatsouthernbank.com Great Southern Bancorp, Inc. Reports Preliminary Second Quarter Earnings of $1.45 Per Diluted Common Share Preliminary Financial Results and Other Matters for the Quarter and Six Months Ended June 30, 2024: · Significant or Non-Recurring Items: During the three months ended June 30, 2024, the Company recorded the following significant or non-recurring items: (1) an expense i ...

Core Insights - There has been no revision in the consensus EPS estimate for the quarter over the last 30 days, indicating analysts' reconsideration of their initial forecasts [1] Earnings Projections - Analysts predict that Great Southern Bancorp (GSBC) will report quarterly earnings of $1.20 per share, reflecting a year-over-year decline of 21.1% [4] - Revenue is anticipated to be $53.75 million, showing a decline of 3.9% compared to the same quarter last year [4] Income Metrics - The average prediction for 'Total Non Interest Income' is $6.88 million, down from $7.77 million reported in the same quarter last year [3] - 'Net Interest Income' is expected to be $46.88 million, compared to $48.14 million in the previous year [3] - The 'Net Interest Margin' is projected to reach 3.5%, slightly lower than the year-ago figure of 3.6% [6] Market Performance - Shares of Great Southern Bancorp have changed by +4.5% in the past month, compared to a +5.1% move of the Zacks S&P 500 composite [4] - GSBC holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [4]

Core Viewpoint - Great Southern Bancorp, Inc. has declared a quarterly dividend of $0.40 per common share for Q2 of the fiscal year ending December 31, 2024, marking its 138th consecutive quarterly dividend payment to shareholders [1]. Group 1: Dividend Declaration - The Board of Directors declared a dividend of $0.40 per common share [1] - The dividend will be payable on July 16, 2024, to stockholders of record on July 1, 2024 [1] - This marks the 138th consecutive quarterly dividend paid by the company [1] Group 2: Company Overview - Great Southern Bancorp has total assets of $5.8 billion [2] - The company offers a wide range of banking services to both commercial and consumer customers [2] - Headquartered in Springfield, Missouri, it operates 89 retail banking centers across several states including Missouri, Iowa, Kansas, Minnesota, Arkansas, and Nebraska [2] - The company also has commercial loan production offices in major cities such as Atlanta, Charlotte, Chicago, Dallas, Denver, Omaha, and Phoenix [2] - Great Southern Bancorp is publicly traded on the NASDAQ Global Select Market under the ticker GSBC [2]

Core Points - Great Southern Bancorp, Inc. is set to report its preliminary earnings for the second quarter of 2024 on July 16, 2024, after market close [1] - A conference call to discuss the earnings will take place on July 17, 2024, at 2:00 p.m. Central Time [1] - The earnings release will be available on the Company's Investor Relations website and the SEC's website [3] Company Overview - Great Southern Bancorp has total assets of $5.8 billion and provides a wide range of banking services to both commercial and consumer customers [4] - The company is headquartered in Springfield, Missouri, and operates 89 retail banking centers across several states including Missouri, Iowa, Kansas, Minnesota, Arkansas, and Nebraska [4] - Great Southern Bancorp is publicly traded on the NASDAQ Global Select Market under the ticker GSBC [4]

Technical Analysis - Great Southern Bancorp, Inc. (GSBC) has reached a key level of support, indicated by a "golden cross" where its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross is a bullish indicator that suggests a potential breakout, typically formed when a stock's short-term moving average surpasses a longer-term moving average [2] Market Performance - Over the past four weeks, GSBC has gained 5.9%, suggesting positive momentum [4] - The stock currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [4] Earnings Outlook - GSBC's earnings outlook for the current quarter appears positive, with no earnings estimates decreasing in the past two months and two revisions higher [4] - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish sentiment around GSBC [4]

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 EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 ☐ 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 ...

Great Southern Bancorp, Inc. (NASDAQ:GSBC) Q1 2024 Earnings Call Transcript April 18, 2024 3:00 PM ET Company Participants Kelly Polonus - IR Joe Turner - President and CEO Rex Copeland - CFO Conference Call Participants Andrew Liesch - Piper Sandler Damon DelMonte - KBW Operator Good day, and thank you for standing by. Welcome to the Great Southern Bancorp, Inc. First Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a questi ...

Financial Performance - For the quarter ended March 31, 2024, the company reported preliminary earnings of $1.13 per diluted common share, down from $1.67 per diluted common share for the same period in 2023, resulting in a net income of $13.4 million compared to $20.5 million in 2023[1][26]. - Net income for the three months ended March 31, 2024, was $13,407 thousand, down from $20,456 thousand in the previous quarter, reflecting a decrease of 34.3%[1]. - Great Southern earned $1.13 per diluted common share ($13.4 million) for Q1 2024, down from $1.67 per diluted common share ($20.5 million) in Q1 2023[49]. - Earnings per common share (diluted) decreased to $1.13 in Q1 2024 from $1.67 in Q1 2023, reflecting a decline of 32.3%[98]. - The annualized return on average common stockholders' equity decreased to 9.36% from 14.88% year-over-year[114]. Income and Expenses - Net interest income decreased by $8.4 million, or approximately 15.7%, to $44.8 million for the first quarter of 2024, compared to $53.2 million for the first quarter of 2023, with a net interest margin of 3.32% compared to 3.99% in the prior year[19][24]. - Non-interest income decreased by $1.1 million to $6.8 million in Q1 2024, primarily due to lower point-of-sale and ATM fees[55]. - Other income decreased by $465,000 compared to the prior year quarter, with $404,000 recorded for debit card activity incentives in 2024, down from $799,000 in 2023[11]. - Non-interest expense decreased by $41,000 to $34.4 million for the quarter ended March 31, 2024, primarily due to a decrease in legal, audit, and other professional fees[31]. - The Company's efficiency ratio for the quarter ended March 31, 2024, was 66.68%, an increase from 56.42% in the same quarter of 2023[32]. Asset Quality - Non-performing assets increased to $21.3 million, or 0.4% of total assets, as of March 31, 2024, up from $11.8 million, or 0.2% of total assets, at December 31, 2023[20][23]. - Non-performing loans increased by $9.6 million to $21.3 million, primarily in the non-performing other residential (multi-family) loans category[81]. - The allowance for credit losses as a percentage of total loans was 1.40% at March 31, 2024, compared to 1.39% at December 31, 2023[44]. - The allowance for credit losses increased to $65,087 thousand from $64,670 thousand, reflecting a rise of 0.6%[1]. - Non-performing loans to period-end loans ratio rose to 0.46% from 0.06%, suggesting a decline in asset quality[114]. Capital and Liquidity - The company had a Tier 1 Leverage Ratio of 11.0%, a Common Equity Tier 1 Capital Ratio of 11.9%, a Tier 1 Capital Ratio of 12.4%, and a Total Capital Ratio of 15.1% as of March 31, 2024, indicating a strong capital position[4][23]. - The company had approximately $2.1 billion in on-balance sheet liquidity and diverse funding sources, with uninsured deposits making up about 15% of total deposits as of March 31, 2024[21][23]. - Total stockholders' equity as of March 31, 2024, was $565.2 million, equivalent to a book value of $48.31 per common share[34]. - Total stockholders' equity decreased to $565,162 thousand from $571,829 thousand, a decline of 1.2%[1]. - The Company had unrealized losses on held-to-maturity investment securities totaling $25.6 million at March 31, 2024, which would decrease total stockholders' equity by $19.3 million if included[36]. Loans and Deposits - Total outstanding loans remained stable at $4.59 billion as of March 31, 2024, with a slight decrease of $3.4 million, primarily in commercial business and commercial real estate loans[23]. - Total net loans decreased by $3.4 million, or 0.1%, to $4.59 billion at March 31, 2024, primarily due to declines in commercial business and real estate loans[41]. - Total deposits increased by $51.7 million during Q1 2024, with interest-bearing checking balances rising by $79.3 million (about 3.6%) and non-interest-bearing checking balances decreasing by $18.8 million (about 2.1%)[65]. - Total deposits increased to $4,773,397 thousand as of March 31, 2024, up from $4,721,708 thousand at December 31, 2023, an increase of 1.1%[96]. - The pipeline of loan commitments and unfunded lines increased slightly to $1.2 billion, including $680 million in unfunded construction loans as of March 31, 2024[20]. Other Significant Events - The migration to a new core banking platform has been delayed to mid-2024 and is currently on hold due to contractual disputes with the vendor[85]. - A retail banking center in Springfield, Missouri, was consolidated into a nearby banking center in January 2024, with the property under contract to sell[74]. - The Company recorded significant or non-recurring items, including $929,000 in legal and professional fees related to core systems conversion and a $423,000 reimbursement for marketing expenses[23].