earnings
confidence high
sentiment negative
materiality 0.70
Great Southern Q1 EPS falls to $1.13; NPA jumps $9.5M on a single credit
GREAT SOUTHERN BANCORP, INC.
2024-Q1 EPS reported
$1.13
- Diluted EPS $1.13 vs $1.67 in Q1 2023; net income $13.4M down 34% YoY.
- Net interest income $44.8M fell 15.7% YoY; net interest margin 3.32% vs 3.99%.
- Non-performing assets increased $9.5M to $21.3M (0.37% of assets), mainly from one multi-family loan.
- Tangible common equity ratio 9.6%; all capital ratios well above regulatory minimums.
- Company repurchased ~112,000 shares at avg $51.44 and declared $0.40 dividend.