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Jun 30, 2021
Great Southern Q2 2021 Earnings Report
Great Southern reported preliminary earnings for the second quarter of 2021.
Key Takeaways
Great Southern Bancorp reported a strong second quarter, with earnings per diluted common share of $1.46, a significant increase compared to $0.93 in the same period last year. The company's performance was driven by higher net gains on mortgage loan sales, increased debit card and ATM fees, and negative credit loss provisions. Credit quality metrics remained excellent, and the company announced the redemption of $75 million of subordinated notes.
Earnings per diluted common share were $1.46, compared to $0.93 for the same period in 2020.
Annualized return on average common equity was 12.84%, compared to 8.45% for the quarter ended June 30, 2020.
Annualized return on average assets was 1.44%, compared to 0.98% for the quarter ended June 30, 2020.
The company will redeem $75 million of subordinated notes in August 2021.
Forward Guidance
The Company expects its effective tax rate (combined federal and state) will be approximately 20.0% to 21.0% in future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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