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Great Southern Bancorp Reports Strong Q4 Earnings
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Great Southern Bancorp Reports Strong Q4 Earnings

Great Southern ( (GSBC) ) has released its Q4 earnings. Here is a breakdown of the information Great Southern presented to its investors.

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Great Southern Bancorp, Inc., a financial services company headquartered in Springfield, Missouri, operates as the holding company for Great Southern Bank. The company provides a wide range of banking services through its numerous retail banking centers and commercial lending offices across several states in the Midwest and Southern United States.

In its latest earnings report for the fourth quarter of 2024, Great Southern Bancorp reported a net income of $14.9 million, or $1.27 per diluted common share, an increase from $13.1 million, or $1.11 per share, in the same quarter of 2023. The company’s strategic growth in its loan portfolio and increased net interest income were central to this performance, despite the challenge of rising funding costs.

The company’s net interest income rose by 9.7% to $49.5 million, driven by higher loan income and improved yields. Asset quality remained robust, with non-performing assets decreasing to $9.6 million. Great Southern Bancorp also maintained a strong capital position, with a Tier 1 Leverage Ratio of 11.4% and a total capital ratio of 15.4% by the end of the quarter.

Looking ahead, Great Southern Bancorp’s management remains focused on prudent business management amid a challenging economic environment. They anticipate elevated funding costs but are confident that their strong liquidity position and credit quality will support continued success.

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