From GlobeNewswire: 2025-04-16 18:31:00

Great Southern Bancorp, Inc. reported preliminary earnings of $1.47 per diluted common share ($17.2 million net income) for the first quarter of 2025, compared to $1.13 per diluted common share ($13.4 million net income) for the same period in 2024. Annualized return on average common equity was 11.30%, with net interest income increasing by $4.5 million.

Net interest income for the first quarter of 2025 increased to $49.3 million, driven by higher interest income on loans and lower interest expense on deposit accounts. Non-performing assets totaled $9.5 million, equivalent to 0.16% of total assets. Liquidity remained strong with borrowing line availability and unpledged securities totaling $1.17 billion and $337.4 million.

The Company’s capital position remained robust as of March 31, 2025, with key ratios exceeding regulatory thresholds. The Tier 1 Leverage Ratio was 11.3%, Common Equity Tier 1 Capital Ratio was 12.4%, and Total Capital Ratio was 15.6%. In April 2025, the Board approved a new stock repurchase program of up to one million additional shares of common stock.

President and CEO Joseph W. Turner highlighted the Company’s strong core fundamentals, with net income increasing due to higher interest income and disciplined expense management. The focus remains on managing costs, safeguarding credit quality, and optimizing funding mix for long-term financial stability. The Company repurchased nearly 175,000 shares of common stock in Q1 2025.

The Company’s net interest income in the first quarter of 2025 increased by 10.1% compared to the same period in 2024. Strategic management of maturing deposits and interest-bearing demand deposits contributed to the growth. Derivative financial instruments were used to mitigate exposure to fluctuations in future cash flows due to changes in interest rates.

Great Southern Bancorp, Inc. will host an earnings conference call on April 17, 2025, to discuss first-quarter 2025 results. The Company’s 2025 Annual Meeting of Stockholders will be held virtually on May 7, 2025. Key financial data, including interest income, non-interest income, and earnings per common share for the first quarter of 2025, were reported in the latest release.



Read more at GlobeNewswire:: Great Southern Bancorp, Inc. Reports Preliminary First