GSBC News & Events

For the quarter ended March 31, 2026, annualized return on average common equity was 10.85%, annualized return on average assets was 1.24%, and annualized net interest margin was 3.71%, compared to 11.30%, 1.15% and 3.57%, respectively, for the quarter ended March 31, 2025. Joseph W. Turner, President and CEO of Great Southern, commented, "Our first-quarter 2026 results reflect a solid start to the year, driven by disciplined execution across the business. Throughout the quarter, we remained committed to the fundamentals that have supported our performance over time, including careful balance sheet management, sound credit and expense discipline, and thoughtful capital allocation. Underlying performance remained strong in the quarter. We did have a few income and expense items, which we separately noted above, that impacted the Company's results in a positive manner. Net interest income was $48.3 million, reflecting a continued focus on both asset pricing and funding costs, alongside the successful management of our earning asset base. This diligence partially mitigated the absence of income from a previously terminated interest rate swap, which contributed $2.0 million of net interest income in the first quarter of 2025. Though we continue to focus on net interest income growth, credit and pricing discipline may serve as governors given our prioritization of long-term stockholder returns over near-term earnings. We believe Great Southern entered 2026 in a position of strength, and our priorities remain consistent: maintain strong credit quality, manage funding and expenses carefully, and continue building long-term value for our stockholders through disciplined execution and sound risk management."

Reports Q4 net interest margin was 3.70% vs. 3.49% a year ago. Q4 common Equity Tier 1 Capital Ratio was 13.6% vs. 12.3% a year ago. CEO Joseph Turner commented, "Our Q4 and full year 2025 results reflect the sustained success of our core banking operations and our commitment to long-term tangible book value appreciation, despite a volatile economic environment. Throughout the year, we remained focused on preserving net interest margin, protecting credit quality, controlling non-interest expense, and opportunistically repurchasing our stock. That discipline translated into solid profitability in Q4, with net income of $16.3M, or $1.45 per diluted common share, compared to $14.9M, or $1.27 per diluted common share, in the prior year period. For the full year, net income was $71.0M, or $6.19 per diluted common share, compared to $61.8M, or $5.26 per diluted common share, in the prior year. As we begin 2026, we remain focused on maintaining strong capital and liquidity positions, deploying capital thoughtfully, maintaining strong credit metrics, and supporting our customers and communities. At December 31, 2025, our tangible common equity ratio was 11.2%, and book value per common share was approximately $57.50...While economic conditions and market interest rate levels may fluctuate throughout 2026, we believe our conservative approach, sound balance sheet, and dedicated associates position Great Southern to continue delivering long-term value for our stockholders".