Quarterly ResultJul 15, 2026, 05:17 PM
Great Southern Bancorp Q2 EPS $1.43, impacted by $2.1M restructuring costs
AI Summary
Great Southern Bancorp reported preliminary Q2 2026 diluted EPS of $1.43, down from $1.72 in Q2 2025, with net income of $15.8 million. Results were negatively impacted by $2.1 million in non-recurring expenses from consolidating nine banking centers and workforce reductions. Excluding these, EPS would have been $1.57. The company expects these restructuring efforts to improve annual pre-tax income by $2.3-$2.7 million starting Q4 2026, while maintaining strong capital and liquidity.
Key Highlights
- Q2 2026 diluted EPS was $1.43, down from $1.72 in Q2 2025.
- Net income for Q2 2026 was $15.8 million, compared to $19.8 million in Q2 2025.
- Non-recurring expenses of $2.1 million impacted Q2 2026 results.
- Consolidated nine banking centers and eliminated 66 positions.
- Expected annual pre-tax income improvement of $2.3-$2.7 million from Q4 2026.
- Net interest margin increased to 3.76% in Q2 2026 from 3.68% in Q2 2025.
- Total net loans decreased $49.1 million (1.1%) to $4.31 billion since Dec 31, 2025.
- Non-performing assets increased to $9.4 million (0.17% of total assets) from $8.1 million.
Price Impact
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