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Great Southern Bancorp (GSBC)
NASDAQ:GSBC
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Great Southern Bancorp
(NASDAQ:GSBC)
65Neutral
Great Southern Bancorp (GSBC) vs. S&P 500 (SPY)
Market Cap
$619.45M
Dividend Yield3%
Average Volume (3M)38.02K
Price to Earnings (P/E)10.2
Beta (1Y)0.86
Revenue Growth8.68%
EPS Growth-6.27%
CountryUS
Employees882
SectorFinancial
Sector Strength79
IndustryBanks - Regional
Share Statistics
EPS (TTM)5.26
Shares Outstanding11,597,951
10 Day Avg. Volume37,058
30 Day Avg. Volume38,024
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)3.00
Price to Cash Flow (P/CF)16.80
P/FCF Ratio4.40
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$64.50Price Target Upside27.62% Upside
Rating ConsensusHold
Number of Analyst Covering2
Great Southern Bancorp Business Overview & Revenue Model
Company DescriptionGreat Southern Bancorp, Inc. (GSBC) is a financial holding company, primarily operating through its wholly-owned subsidiary Great Southern Bank. The company is headquartered in Springfield, Missouri, and offers a wide range of banking services to individual and corporate customers. Its core products and services include personal and business banking, mortgage lending, and wealth management services. The bank operates numerous branches and ATM locations, serving communities in the Midwest region of the United States.
How the Company Makes MoneyGreat Southern Bancorp generates revenue primarily through the traditional banking model of accepting deposits and providing loans. The company earns interest income from the loans it extends to customers, such as residential and commercial real estate loans, consumer loans, and business loans. Additionally, GSBC earns non-interest income through service charges, fees for various banking services, and wealth management services. The company also invests in securities to generate additional income. Key factors contributing to its earnings include the interest rate environment, the quality of its loan portfolio, and its ability to attract and retain customer deposits. Furthermore, Great Southern Bancorp benefits from partnerships with financial service providers to offer a comprehensive suite of financial products to its clients.
Great Southern Bancorp Financial Statement Overview
Summary
Great Southern Bancorp presents a stable financial profile with strong equity and manageable leverage. However, revenue growth has been inconsistent, and recent data is missing, which hinders a complete analysis. Cash flow generation remains strong, supporting operational activities.Income Statement
The income statement shows moderate performance with a stable net profit margin, but a decline in revenue growth. Gross profit margin is unavailable due to missing revenue data for 2024. Previously, EBIT and EBITDA margins were positive, indicating efficient cost management.65
Positive
Balance Sheet
The balance sheet is strong with a low debt-to-equity ratio and a healthy equity ratio. The company has maintained a good return on equity over the years. The equity base has been growing, providing a stable financial foundation.72
Positive
Cash Flow
Cash flow analysis is limited due to missing data for 2024. Historically, free cash flow growth has been erratic, but operating cash flow has generally exceeded net income, indicating good cash generation from operations.60
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 520.00 | 226.37M | 233.75M | 216.24M | 212.19M | Gross Profit |
| 219.71M | 226.37M | 225.49M | 216.24M | 206.00M | EBIT |
| -220.00M | 85.34M | 130.47M | 94.36M | 73.09M | EBITDA |
| 0.00 | 94.66M | 103.88M | 105.50M | 85.17M | Net Income Common Stockholders |
| 61.81M | 67.80M | 75.95M | 74.63M | 59.31M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 816.24M | 776.38M | 659.11M | 1.22B | 978.66M | Total Assets |
| 5.53B | 5.81B | 5.68B | 5.45B | 5.53B | Total Debt |
| 358.26M | 101.96M | 189.64M | 101.60M | 175.69M | Net Debt |
| 261.57M | -109.37M | 21.12M | -615.67M | -388.04M | Total Liabilities |
| 4.36B | 5.24B | 5.15B | 4.83B | 4.90B | Stockholders Equity |
| 1.53B | 571.83M | 533.09M | 616.75M | 629.74M |
| Cash Flow | Free Cash Flow | |||
| 39.14M | 73.40M | 46.47M | 79.24M | 37.70M | Operating Cash Flow |
| 44.06M | 80.70M | 66.58M | 84.98M | 46.05M | Investing Cash Flow |
| -175.39M | -88.21M | -801.28M | 190.71M | -131.35M | Financing Cash Flow |
| 115.75M | 50.32M | 185.95M | -122.15M | 428.87M |
Great Southern Bancorp Technical Analysis
Negative
50.54
Price Trends
56.90
Negative
58.99
Negative
57.96
Negative
Market Momentum
-0.47
Negative
43.90
Neutral
7.24
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GSBC, the sentiment is Negative. The current price of 50.54 is below the 20-day moving average (MA) of 55.02, below the 50-day MA of 56.90, and below the 200-day MA of 57.96, indicating a bearish trend. The MACD of -0.47 indicates Negative momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 7.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GSBC.
Great Southern Bancorp Risk Analysis
Great Southern Bancorp disclosed 34 risk factors in its most recent earnings report. Great Southern Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Great Southern Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | $648.24M | 10.60 | 10.33% | 4.38% | 14.18% | 22.19% | |
66 Neutral | $610.04M | 17.24 | 4.78% | 4.62% | 10.94% | 26.35% | |
66 Neutral | $625.72M | 9.43 | 15.55% | 3.28% | 10.58% | 13.51% | |
65 Neutral | $619.45M | 10.16 | 10.55% | 3.00% | 8.68% | -6.27% | |
64 Neutral | $641.48M | 15.53 | 5.53% | ― | 28.78% | 208.59% | |
64 Neutral | $13.46B | 9.44 | 9.34% | 4.72% | 16.14% | -8.80% | |
59 Neutral | $618.02M | ― | -3.76% | 3.83% | 9.77% | -147.04% |
* Financial Sector Average
Performance Comparison
GSBC
Great Southern Bancorp
50.54
1.17
2.37%
CAC
Camden National
36.52
7.78
27.07%
EGBN
Eagle Bancorp
19.29
-0.78
-3.89%
HBNC
Horizon Bancorp
13.01
2.05
18.70%
IBCP
Independent Bank
28.82
6.09
26.79%
NBBK
NB Bancorp, Inc.
15.91
2.51
18.73%
Great Southern Bancorp Earnings Call Summary
Earnings Call Date: Jan 21, 2025 | % Change Since: -15.75% | Next Earnings Date: Apr 16, 2025
Earnings Call Sentiment Neutral
The earnings call reflected a balanced view with improvements in net interest margin, strong asset quality, and loan growth. However, there were challenges such as a slight decline in annual profit, reduced deposits, and nonrecurring expenses. The strategic management of funding costs and capital strength were notable positives, countered by reduced deposit levels and the impending loss of interest rate swap benefits.Highlights
Net Interest Margin Improvement
Net interest margin improved to 3.49% in Q4 2024 from 3.3% in Q4 2023 and 3.42% in Q3 2024, reflecting strategic balance sheet management.
Strong Asset Quality
Nonperforming assets declined to 0.16% of total assets, and nonperforming loans fell to 0.07% of period-end loans, showcasing strong asset quality.
Loan Portfolio Growth
The loan portfolio grew by $100.5 million for the year, with multifamily residential loans driving robust growth.
Capital Strength
Increased stockholders' equity by $27.7 million while repurchasing $15 million in stock and maintaining strong capital management.
Provision for Credit Losses
Total net charge-offs for Q4 fell to $155,000 from $833,000 in the prior year quarter, with allowance for credit losses maintained at 1.36% of total loans.
Lowlights
Slight Decline in Annual Profit
Annual profit for 2024 was $61.8 million, or $5.26 per share, reflecting a slight decline from the previous year due to rising funding costs and competition.
Reduced Deposits
Total deposits fell by $91.9 million from the previous quarter, driven by reductions across multiple deposit categories.
Nonrecurring Noninterest Expense
Fourth quarter results were negatively impacted by a nonrecurring noninterest expense of $2.0 million.
Impact of Terminated Interest Rate Swap
The benefit from a terminated interest rate swap, contributing approximately $2 million per quarter, will cease after Q3 2025.
Company Guidance
During the Great Southern Bancorp Q4 2024 earnings call, several key financial metrics were discussed, showcasing the company's performance and strategic outlook. For the year, the company reported a net income of $61.8 million, or $5.26 per share, which marked a slight decline from the previous year. In Q4 alone, net income was $14.9 million or $1.27 per diluted common share. The net interest margin improved to 3.49% from 3.3% in the same quarter of the previous year. The annualized return on average assets was 1%, while the annualized return on average equity stood at 9.76%. Nonperforming assets were at 0.16% of total assets, and nonperforming loans to period-end loans decreased to 0.07%. The provision for credit losses increased by $2.5 million compared to the previous year. Additionally, stockholders' equity rose by $27.7 million, bolstered by $15 million in stock repurchases and about $18 million in dividends. Looking ahead to 2025, the company aims to focus on disciplined growth and sustainable value delivery, with a significant amount of time deposits maturing in the first quarter.Great Southern Bancorp Corporate Events
Business Operations and StrategyFinancial Disclosures
Great Southern Bancorp Reports Strong Loan Portfolio Performance
Positive
Jan 21, 2025
As of December 31, 2024, Great Southern Bancorp’s loan portfolio totaled $4.77 billion, with significant investments in multifamily and commercial real estate, each constituting 32% of the portfolio. The company’s commercial real estate loans are diversified across industries such as retail, healthcare, and motels, with a notable presence in regions like St. Louis and the Southern U.S. The non-performing loans are minimal at $3.573 million, indicating a robust loan performance.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.