GREAT SOUTHERN BANCORP, INC.

Listed Company

GSBCCIK 0000854560NasdaqAcceleratedState Commercial BanksMarylandFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$70.97M

Total Assets

$5.60B

Equity

$636.13M

Shares Out

10.96M

Op. Cash Flow

$81.52M

Business

GREAT SOUTHERN BANCORP, INC. is a bank holding company and the parent of Great Southern Bank that conducts banking operations through the Bank and its subsidiaries. The company primarily originates and funds commercial real estate, construction, multi-family and one- to four-family residential loans, other commercial and consumer loans, and offers deposit, loan servicing and related banking services. Its business is organized between the holding company (corporate and strategic functions) and the Bank with retail banking centers, commercial lending groups and loan production offices. Great Southern distributes products through 89 banking centers, commercial loan production offices, online and brokered deposit channels across Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, and engages in secondary market sales and FHLB and other wholesale funding.

Summary from filing dated 2025-03-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	285	297	272	206	186
Investment securities and other	28	28	25	21	12
Total Interest Income	314	325	297	227	199
Deposits	94	110	89	21	13
Securities sold under reverse repurchase agreements	1	1	1	324,000	37,000
Short-term borrowings, overnight FHLBank borrowings and other interest-bearing liabilities	15	18	8	1	—
Subordinated debentures issued to capital trust	2	2	2	875,000	448,000
Subordinated notes	2	4	4	4	7
Total Interest Expense	113	136	104	27	—
Net Interest Income	200	189	193	200	178
Provision for Credit Losses on Loans	—	2	2	3	−7
Provision (Credit) for Unfunded Commitments	45,000	1	−5	3	939,000
Net Interest Income After Provision for Credit Losses and Provision (Credit) for Unfunded Commitments	200	186	196	193	184
Commissions	2	1	1	1	1
Overdraft and insufficient funds fees	5	5	8	8	7
Point-of-sale and ATM fee income and service charges	13	14	14	16	15
Net gain on loan sales	3	4	2	3	9
Late charges and fees on loans	1	512,000	786,000	1	1
Loss on derivative interest rate products	−62,000	−58,000	−337,000	321,000	312,000
Other income	5	6	4	5	4
Total Non-interest Income	29	31	30	34	38
Salaries and employee benefits	80	79	79	75	70
Net occupancy and equipment expense	35	32	31	28	29
Postage	4	3	4	3	3
Insurance	4	5	5	3	3
Advertising	3	3	3	3	3
Office supplies and printing	953,000	1	1	867,000	848,000
Telephone	3	3	3	3	3
Legal, audit and other professional fees	4	5	7	6	7
Expense (income) on other real estate and repossessions	−518,000	−304,000	311,000	359,000	—
Acquired intangible asset amortization	434,000	433,000	286,000	768,000	863,000
Other operating expenses	8	10	9	8	7
Total Non-interest Expense	142	141	141	133	128
Income Before Income Taxes	87	75	85	94	94
Provision for Income Taxes	16	14	18	18	20
Net Income	71	62	68	76	75
Basic Earnings Per Common Share (in dollars per share)	6.23	5.28	5.65	6.07	5.5
Diluted Earnings Per Common Share (in dollars per share)	6.19	5.26	5.61	6.02	5.46

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	110	109	103	105	90
Interest-bearing deposits in other financial institutions	80	86	109	63	627
Cash and cash equivalents	190	196	211	169	717
Available-for-sale securities	524	533	478	491	501
Held-to-maturity securities	179	187	195	203	0
Mortgage loans held for sale	7	7	6	5	9
Loans receivable, net of allowance for credit losses of $64,771 and $64,760 at December 31, 2025 and 2024, respectively	4,357	4,690	4,590	4,507	—
Interest receivable	18	20	21	19	11
Prepaid expenses and other assets	129	137	106	69	45
Other real estate owned and repossessions, net	6	6	23,000	233,000	2
Premises and equipment, net	133	132	139	141	133
Goodwill and other intangible assets	10	10	11	11	6
Federal Home Loan Bank stock and other interest-earning assets	20	28	26	31	—
Current and deferred income taxes	27	34	29	36	12
Total assets	5,599	5,982	5,812	5,681	5,450
Deposits	4,483	4,606	4,722	4,685	4,552
Securities sold under reverse repurchase agreements with customers	48	64	71	177	137
Short-term borrowings and other interest-bearing liabilities	331	514	253	90	2
Subordinated debentures issued to capital trust	26	26	26	26	26
Subordinated notes	—	75	75	74	74
Accrued interest payable	4	13	6	3	646,000
Advances from borrowers for taxes and insurance	6	5	5	7	6
Accrued expenses and other liabilities	57	71	76	74	26
Liability for unfunded commitments	9	9	7	13	10
Total liabilities	4,962	5,382	5,241	5,148	4,833
Commitments and Contingencies	—	—	—	—	—
Serial preferred stock, $.01 par value; authorized 1,000,000 shares; issued and outstanding 2025 and 2024 - -0- shares	—	—	—	0	0
Common stock, $.01 par value; authorized 20,000,000 shares; issued and outstanding December 31, 2025 - 11,062,252 shares, December 31, 2024 - 11,723,548 shares	111,000	117,000	118,000	122,000	131,000
Additional paid-in capital	54	50	44	42	38
Retained earnings	614	603	570	544	546
Accumulated other comprehensive loss, net of income tax credit of $(10,506) and $(17,896) at December 31, 2025 and 2024, respectively	−32	−54	−42	−53	33
Total stockholders' equity	636	600	572	533	617
Total liabilities and stockholders' equity	5,599	5,982	5,812	5,681	5,450

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Proceeds from sales of loans held for sale	153	175	157	103	351
Originations of loans held for sale	−149	−172	−156	−95	−332
Depreciation	8	8	9	8	10
Amortization	402,000	712,000	589,000	1	2
Compensation expense for stock option grants	2	2	2	1	1
Provision for credit losses	0	2	2	3	−7
Loss (gain) on sale of premises and equipment	207,000	−43,000	26,000	130,000	0
Loss (gain) on sale/write-down of other real estate and repossessions	4,000	−496,000	39,000	−126,000	−71,000
Accretion of deferred income, premiums, discounts and other	−13	−14	−14	−16	−18
Loss on derivative interest rate products	62,000	58,000	337,000	−321,000	−312,000
Net non-cash gain recorded on contract termination	0	−3	0	0	—
Deferred income taxes	−1	457,000	3	2	4
Interest receivable	2	776,000	−2	−8	2
Prepaid expenses and other assets	6	−178,000	−5	2	20
Accrued expenses and other liabilities	4	−13	23	6	−2
Income taxes refundable/payable	1	−1	−259,000	1	−2
Net cash provided by operating activities	82	44	81	85	94
Net change in loans	337	−78	−79	−134	449
Purchase of loans	0	−26	−400,000	−362	−153
Purchase of premises and equipment	−11	−5	−7	−20	−6
Proceeds from sale of premises and equipment	129,000	164,000	254,000	4	586,000
Proceeds from sale of other real estate and repossessions	208,000	2	313,000	2	2
Proceeds from repayments of held-to-maturity securities	8	7	7	24	0
Proceeds from maturities, calls and repayments of available-for-sale securities	46	31	27	51	72
Purchase of available-for-sale securities	−9	−93	−5	−361	−177
Investment in tax credit partnerships	−12	−12	−35	−18	−9
Redemption (purchase) of Federal Home Loan Bank stock and other interest-earning assets	8	−2	5	−24	3
Net cash provided by (used in) investing activities	367	−175	−88	−820	182
Net decrease in certificates of deposit	−87	−172	−73	322	−430
Net increase (decrease) in checking and savings accounts	73	−54	−140	−189	465
Net increase (decrease) in brokered deposits	−109	111	250	—	—
Net increase (decrease) in short-term borrowings and other interest-bearing liabilities	−19	75	57	127	−27
Proceeds from borrowing under Federal Reserve Bank Term Funding Program	0	180	0	0	—
Repayment of borrowing under Federal Reserve Bank Term Funding Program	−180	0	0	—	—
Redemption of subordinated notes	−75	0	0	—	—
Advances from (to) borrowers for taxes and insurance	509,000	326,000	−2	443,000	−1
Repurchase of the Company's common stock	−44	−15	−23	−62	−39
Dividends paid	−19	−19	−19	−19	−19
Stock options exercised	5	10	884,000	6	4
Net cash provided by (used in) financing activities	−455	116	50	186	−122
Increase (Decrease) in Cash and Cash Equivalents	−6	−16	43	−549	154

Filings

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