Jan. 21 at 11:55 PM
$GSBC Great Southern Bancorp sees Q4 EPS
$1.27, consensus
$1.32
Great Southern Bancorp, the holding company for Great Southern Bank, reported that preliminary Q4 results. Sees end of Q4 book value of
$51.14 per common share. Great Southern President and CEO Joseph W. Turner commented, "Our performance for the FY24 highlights the resilience of our business model and our disciplined approach to navigating a complex economic and banking environment. For the full year, we reported net income of
$61.8M, or
$5.26 per diluted common share, compared to
$67.8M, or
$5.61 per diluted common share, in 2023. While the year over year earnings reflect a modest decline, they underscore our a"bility to balance costs, maintain robust asset quality, and consistently deliver value to our shareholders.
Our Q4 earnings of
$14.9M, or
$1.27 per diluted common share, surpassed the
$13.1M, or
$1.11 per diluted common share, recorded in the same period of 2023. This improvement was primarily driven by increased net interest income and strategic loan portfolio growth. These results, achieved despite rising funding costs compared to the prior year, underscore the resilience of our balance sheet and the stability of our operations. During the Q4, we also recorded above-normal non-interest expense due to a non-recurring expense item discussed later in this earnings release and recorded a larger provision for losses on unfunded commitments due to significant growth in those commitments during the Q4."
