earnings
confidence high
sentiment neutral
materiality 0.70
Great Southern Q2 EPS $1.52, NIM falls to 3.56%; non-performing assets rise to 0.20% of assets
GREAT SOUTHERN BANCORP, INC.
2023-Q2 EPS reported
$3.19
- Net income $18.3M ($1.52 diluted EPS) vs $18.2M ($1.44) in Q2 2022; six-month EPS $3.19 vs $2.73.
- Net interest income $48.1M (-1.4% YoY); net interest margin 3.56% vs 3.78% in prior-year quarter and 3.99% in Q1 2023.
- Non-performing assets $11.2M (0.20% of total assets) vs $3.7M (0.07%) at Dec 2022; $8.6M office-building loan added.
- Total stockholders' equity $546.3M ($45.64 book value); Tier 1 Leverage Ratio 10.8%, tangible capital ratio 9.4%.
- Interest rate swaps reduced net interest income by $1.7M in Q2; expected $3.0M negative impact in Q3 2023.