Great Southern Bancorp(US:GSBC)2025-10-16 19:00Financial Performance - Net income for 3Q25 increased to $17.8 million ($1.56 per diluted share) from $16.5 million ($1.41 per diluted share) in 3Q24, a 7.7% increase[12, 19, 20] - Net interest income rose by $2.8 million, or 5.8%, year-over-year, to $50.8 million[13, 22] - Net interest margin improved to 3.72% in 3Q25, up from 3.42% in 3Q24, a 30 basis points increase[13, 23] Asset Quality - Non-performing assets decreased by $1.8 million from December 31, 2024, to $7.8 million, representing 0.14% of total assets[14] - Allowance for credit losses to period-end loans was 1.43% in 3Q25, compared to 1.36% in 3Q24[18] - Net charge-offs totaled $66,000 for the quarter, representing 0.01% of average loans on an annualized basis, compared to net charge-offs of $1.5 million, or 0.13%, in 3Q24[55] Capital Strength - Stockholders' equity increased by $33.4 million to $632.9 million, compared to December 31, 2024[15] - Tangible common equity to tangible assets ratio was 10.9%[15] Loan Portfolio - Gross loans declined by $223.7 million, or 4.7%, to $4.54 billion from $4.76 billion at December 31, 2024[16] - Multi-family real estate loans represent 33% of the loan portfolio, totaling $1.485 billion as of September 30, 2025[47] Deposits - Total deposits decreased from $4.606 billion in 4Q24 to $4.528 billion in 3Q25[37] - Brokered deposits decreased by $92.1 million, or 11.9%, compared to 4Q24[37] Non-Interest Income & Expense - Total non-interest income increased by 1.0% to $7.1 million in 3Q25 from $7.0 million in 3Q24[26] - Total non-interest expense increased by $2.4 million to $36.1 million in 3Q25 from $33.7 million in 3Q24[30]