Great Southern Q3 2024 Earnings Report
Key Takeaways
Great Southern Bancorp reported preliminary third quarter earnings of $1.41 per diluted common share, or $16.5 million in net income. Net interest income increased to $48.0 million, and non-interest expenses decreased to $33.7 million. Non-performing assets significantly reduced, showcasing proactive credit risk management.
Earnings per diluted common share were $1.41, with a net income of $16.5 million.
Net interest income increased by $1.2 million to $48.0 million.
Non-interest expenses decreased by $1.8 million to $33.7 million.
Non-performing assets decreased by $12.7 million, totaling $7.7 million, or 0.13% of total assets.
Great Southern
Great Southern
Forward Guidance
The Company expects its effective tax rate (combined federal and state) will be approximately 18.0% to 20.0% in future periods, primarily due to additional investment tax credits being utilized beginning in 2024.