Great Southern Q1 EPS $1.67 beats $1.30 YoY; net income $20.5M, NIM 3.99%

GREAT SOUTHERN BANCORP, INC.

2023-Q1 EPS reported $1.67

Net income $20.5M ($1.67 diluted EPS) vs $17.0M ($1.30) in Q1 2022; annualized ROAA 1.43%, ROAE 14.88%.
Net interest income rose 22.9% to $53.2M; net interest margin expanded 56 bps to 3.99%.
Provision for credit losses was $674K (vs $193K credit in prior year); non-interest expense up $3.2M to $34.5M.
Non-performing assets declined to $3.0M (0.05% of assets); tangible common equity ratio improved to 9.5%.
Uninsured deposits ~14% of total; secured borrowing capacity over $1.8B; capital ratios well above well-capitalized thresholds.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREAT SOUTHERN BANCORP, INC. reported the three months ended March 31, 2023 results: revenue Net interest income ... $53.2 million, net income $20.5 million net income, EPS $1.67 per diluted common share.

Period: the three months ended March 31, 2023
Revenue: Net interest income ... $53.2 million
Net income: $20.5 million net income
EPS: $1.67 per diluted common share
Result: preliminary results

Exact text from the filing

tangible capital ratio increased to 9.5%. · Net Interest Income : Net interest income for the first quarter of 2023 increased $9.9 million (or approximately 22.9%) to $53.2 million compared to $43.3 million for the first quarter of 2022. Net interest margin was 3.99% for the quarter ended March 31, 2023, compared to 3.43% for the quarter ended March 31,

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Source: SEC EDGAR

accession 0001104659-23-047291

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