Great Southern Bancorp, Inc. reported a slight decrease in earnings but saw higher non-interest income

From GlobeNewswire: 2024-07-16 18:00:00

Great Southern Bancorp, Inc. reported preliminary earnings of $1.45 per diluted common share for the second quarter of 2024, a slight decrease from the same period in 2023. The company’s total non-interest income was slightly higher, driven by increased gains on loan sales and improved debit card transaction fee income. Funding costs rose due to current market interest rates and competitive pressures, resulting in a decrease in net interest income compared to the previous year. Total outstanding loan balances increased by $44 million, primarily in other residential loans. The company’s capital position remained strong, with ample liquidity sources and high capital ratios as of June 30, 2024.



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