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Great Southern Bancorp (GSBC)
NASDAQ:GSBC
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Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.32Last Year’s EPS
$1.11Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2024
|% Change Since: 4.15%
|Next Earnings Date:Jan 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with significant achievements in asset growth, credit quality improvement, and capital strength. However, challenges such as increased deposit costs and a decline in noninterest income were noted. The sentiment is cautiously optimistic, with a focus on continued financial discipline and strategic growth.Company Guidance
During the Great Southern Bank (GSBC) third quarter 2024 earnings call, executives outlined the company's robust financial performance amid challenging economic conditions. The bank reported a net income of $16.5 million, translating to $1.41 per diluted common share, and surpassed the $6 billion asset threshold. Key metrics included an annualized return on average assets of 1.11% and a return on average equity of 11.1%. Net interest income rose by 2.6% year-over-year to $48 million, while the net interest margin remained stable at 3.42%. The bank also highlighted a $121.7 million increase in loans year-to-date, primarily driven by residential loan growth. Nonperforming assets significantly decreased to $7.7 million, representing 0.13% of total assets. Additionally, the bank maintained a strong capital position, with a tangible common equity ratio of 10% and continued shareholder returns through dividends and share repurchases. Executives emphasized disciplined asset management and prudent risk management to navigate the economic landscape, projecting a stable net interest margin as the Federal Reserve's recent rate cuts take effect.Increase in Net Income
Net income for Q3 2024 was $16.5 million, up from $1.33 per diluted common share last year to $1.41.
Asset Milestone Achieved
Surpassed $6 billion in assets during the quarter.
Improved Credit Quality
Nonperforming assets decreased by $12.7 million, bringing total nonperforming assets down to $7.7 million or 0.13% of total assets.
Strong Capital Position
Stockholders’ equity increased by $40.3 million since December 31, 2023, and TCE ratio improved to 10% from 9.7%.
Book Value Per Share Increase
Book value per share rose to over $52 from about $49 in the previous quarter and $44.81 in the third quarter of last year.
Stable Net Interest Margin
Net interest margin remained stable at 3.42%, compared to 3.43% in the third quarter last year.
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GSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $58.32 | $58.04 | -0.48% |
| Jul 16, 2024 | $62.68 | $63.39 | +1.13% |
| Apr 17, 2024 | $49.38 | $50.19 | +1.64% |
| Jan 22, 2024 | $57.63 | $54.80 | -4.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Great Southern Bancorp (GSBC) report earnings?
Great Southern Bancorp (GSBC) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Great Southern Bancorp (GSBC) earnings time?
Great Southern Bancorp (GSBC) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GSBC EPS forecast?
GSBC EPS forecast for the fiscal quarter 2024 (Q4) is $1.32.
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