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1. Company Snapshot

1.a. Company Description

Great Southern Bancorp, Inc.operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States.Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposit, brokered certificates, and individual retirement accounts.


The company's loan portfolio comprises residential and commercial real estate loans, construction loans, commercial business loans, home improvement loans, and unsecured consumer loans, as well as secured consumer loans, including automobile loans, boat loans, home equity loans, loans secured by savings deposits.It also provides insurance and merchant banking services.As of December 31, 2021, the company operated 93 retail banking centers and approximately 200 automated teller machines in Missouri, Iowa, Minnesota, Kansas, Nebraska, and Arkansas; and six commercial and one mortgage loan production offices in Atlanta, Chicago, Dallas, Denver, Omaha, Nebraska, Phoenix and Tulsa, Oklahoma, Springfield, and Missouri.


Great Southern Bancorp, Inc.was founded in 1923 and is headquartered in Springfield, Missouri.

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1.b. Last Insights on GSBC

Great Southern Bancorp, Inc.'s recent performance was driven by strong Q2 2025 earnings, with preliminary earnings of $1.72 per diluted common share. The company's credit quality stood out, with pristine asset quality and a robust capital position. A quarterly dividend of $0.40 per common share was declared, showcasing a secure 2.6% dividend yield. According to analysts, the bank's strong financials may also lead to potential share buybacks, which could be a positive catalyst. The company's solid financial results were reported on July 16, 2025, ahead of its conference call on July 17, 2025 (Source: company press releases and earnings call transcript).

1.c. Company Highlights

2. Great Southern Bancorp Delivers Strong Q2 Earnings with Margin Expansion

Great Southern Bancorp, Inc. reported a robust second quarter with net income of $19.8 million, or $1.72 per share, exceeding analysts' estimates of $1.37. This represents a 16% increase from the prior year, driven by higher net interest income and improved margins. The annualized net interest margin expanded to 3.68%, up 25 basis points year-over-year, reflecting the company's ability to manage funding costs effectively.

Publication Date: Jul -19

📋 Highlights
  • Net Income Growth: Increased by 16% to $19.8 million, or $1.72 per share, from $17.0 million, or $1.45 per share, year-over-year.
  • Net Interest Income: Rose 8.9% to $51 million, with an annualized net interest margin of 3.68%, up 25 basis points from the prior year.
  • Nonperforming Assets: Declined to $8.1 million, representing 0.14% of total assets, down $1.5 million from the first quarter of 2025.
  • Expense Management: Noninterest expenses decreased by $1.4 million to $35 million, with an improved efficiency ratio of 59.16%.
  • Capital Position: Total stockholders' equity increased to $622.4 million, with $75 million in subordinated notes redeemed and 176,000 shares repurchased.

Loan Portfolio and Credit Quality

The loan portfolio showed resilience despite a 3.3% decline to $4.6 billion, underscoring the company's conservative credit approach. Nonperforming assets dropped to $8.1 million, or 0.14% of total assets, highlighting strong credit quality. This disciplined approach has positioned the bank favorably amidst economic uncertainties.

Expense Management and Operational Efficiency

Noninterest expenses decreased to $35 million, with an efficiency ratio improving to 59.16%, down from 64.27% last year. CFO, K. Van Stewart, noted, "Our disciplined expense management has been a key driver of our improved profitability." This focus on efficiency has bolstered the bank's overall performance.

Capital Actions and Valuation

The company redeemed $75 million in subordinated notes and repurchased 176,000 shares, enhancing shareholder value. With a healthy capital position, the stock trades at a P/E of 10.09 and P/TBV of 1.11, offering a dividend yield of 2.64%. These metrics suggest the stock is attractively valued, especially considering the improved margins and efficiency.

3. NewsRoom

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Creative Planning Purchases 12,906 Shares of Great Southern Bancorp, Inc. $GSBC

Nov -26

Source: defenseworld.net

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Great Southern Bancorp, Inc. (GSBC) Q3 2025 Earnings Call Transcript

Oct -16

Source: seekingalpha.com

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Great Southern Bancorp (GSBC) Q3 Earnings Beat Estimates

Oct -16

Source: zacks.com

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Great Southern Bancorp, Inc. Reports Preliminary Third Quarter Earnings of $1.56 Per Diluted Common Share

Oct -15

Source: globenewswire.com

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Great Southern Bancorp, Inc. Announces Third Quarter 2025 Preliminary Earnings Release Date and Conference Call

Sep -26

Source: globenewswire.com

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Great Southern Bancorp, Inc. announces quarterly dividend of $0.43 per common share

Sep -17

Source: globenewswire.com

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Great Southern Bancorp: Strong Credit Quality But Limited Upside

Jul -20

Source: seekingalpha.com

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Great Southern Bancorp, Inc. (GSBC) Q2 2025 Earnings Call Transcript

Jul -17

Source: seekingalpha.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.00%)

6. Segments

Banking and Related Activities

Expected Growth: 1.0%

Great Southern Bancorp's 1.0% growth in Banking and Related Activities is driven by a stable net interest margin, increased loan demand, and a growing deposit base. Additionally, the bank's focus on commercial lending, mortgage banking, and treasury management services contributes to its steady growth. Furthermore, strategic acquisitions and investments in digital banking capabilities also support its expansion.

7. Detailed Products

Checking Accounts

Personal and business checking accounts with various features such as online banking, mobile banking, and bill pay

Savings Accounts

Personal and business savings accounts with competitive interest rates and online banking access

Loans

Personal and commercial loans for various purposes such as mortgages, home equity, auto, and business expansion

Credit Cards

Personal and business credit cards with rewards, cashback, and low interest rates

Mortgage Loans

Residential mortgage loans for purchasing or refinancing a home

Treasury Management

Cash management services for businesses to manage their cash flow and optimize their financial performance

Investment Services

Investment products and services such as brokerage, insurance, and retirement planning

Online Banking

Online banking platform for personal and business customers to manage their accounts and conduct transactions

Mobile Banking

Mobile banking app for personal and business customers to manage their accounts and conduct transactions on-the-go

8. Great Southern Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Great Southern Bancorp, Inc. is medium due to the presence of alternative financial institutions and digital banking platforms.

Bargaining Power Of Customers

The bargaining power of customers is low for Great Southern Bancorp, Inc. as customers have limited negotiating power and the bank has a strong brand presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Great Southern Bancorp, Inc. as the bank relies on a few large suppliers for technology and services.

Threat Of New Entrants

The threat of new entrants is low for Great Southern Bancorp, Inc. due to the high barriers to entry in the banking industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high for Great Southern Bancorp, Inc. due to the competitive nature of the banking industry, with many established players competing for market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 42.57%
Debt Cost 4.06%
Equity Weight 57.43%
Equity Cost 7.28%
WACC 5.91%
Leverage 74.11%

11. Quality Control: Great Southern Bancorp, Inc. passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Waterstone Financial

A-Score: 6.4/10

Value: 6.3

Growth: 4.6

Quality: 4.1

Yield: 9.0

Momentum: 6.0

Volatility: 8.7

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Fidelity D&D Bancorp

A-Score: 6.2/10

Value: 8.2

Growth: 6.0

Quality: 7.5

Yield: 7.0

Momentum: 3.0

Volatility: 5.7

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Great Southern Bancorp

A-Score: 6.2/10

Value: 6.5

Growth: 4.4

Quality: 6.0

Yield: 6.0

Momentum: 6.5

Volatility: 7.7

1-Year Total Return ->

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Red River Bank

A-Score: 6.2/10

Value: 5.6

Growth: 5.9

Quality: 8.0

Yield: 1.0

Momentum: 8.5

Volatility: 8.0

1-Year Total Return ->

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TC Bancshares

A-Score: 5.7/10

Value: 5.5

Growth: 6.3

Quality: 5.6

Yield: 0.0

Momentum: 9.0

Volatility: 8.0

1-Year Total Return ->

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Bridgewater Bancshares

A-Score: 5.4/10

Value: 6.9

Growth: 6.4

Quality: 5.1

Yield: 0.0

Momentum: 7.5

Volatility: 6.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

61.71$

Current Price

61.72$

Potential

-0.00%

Expected Cash-Flows