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Great Southern Q1 2025 Earnings Report
Great Southern Bancorp, Inc. reported preliminary first quarter earnings for 2025, with diluted earnings per common share of $1.47 and net income of $17.2 million, driven by increased net interest income and improved asset quality.
Key Takeaways
Great Southern Bancorp, Inc. announced strong preliminary first quarter 2025 results, with diluted earnings per common share of $1.47, up from $1.13 in the prior year. Net income increased to $17.2 million, primarily due to a 10.1% rise in net interest income to $49.3 million, supported by higher loan interest income and lower interest expense on deposit accounts. The company also maintained strong capital and liquidity positions.
Net interest income increased by $4.5 million (10.1%) to $49.3 million, driven by higher interest income on loans and lower interest expense on deposit accounts.
Diluted earnings per common share rose to $1.47 from $1.13 in the prior year, with net income reaching $17.2 million.
Annualized return on average common equity was 11.30%, and annualized return on average assets was 1.15%, both showing improvement from the prior year.
Non-performing assets decreased slightly to $9.5 million (0.16% of total assets), indicating stable asset quality.
Forward Guidance
Great Southern Bancorp, Inc. anticipates continued focus on cost management, safeguarding credit quality, and optimizing funding mix for long-term financial stability. The company expects its effective tax rate to be between 18.0% and 20.0% in future periods and plans to continue returning value to shareholders through dividends and share repurchases.
Positive Outlook
- Continued tight cost management to maintain operating discipline.
- Commitment to safeguarding credit quality through prudent lending practices.
- Strategic optimization of funding mix to ensure long-term financial stability.
- Anticipated effective tax rate (combined federal and state) of approximately 18.0% to 20.0% in future periods.
- Continued return of value to shareholders through dividends and share repurchases.
Challenges Ahead
- Potential for fluctuations in effective tax rate due to changes in tax credit utilization, tax-exempt investments, and taxable income.
- No assurance on the timing or execution of final agreements for the previously proposed new core banking platform.
Historical Earnings Impact
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