Great Southern Bancorp Reports Preliminary Second Quarter 2024 EPS of $1.45

GREAT SOUTHERN BANCORP, INC.

2024-Q2 EPS reported $2.58

Preliminary Q2 2024 net income of $17.0 million, or $1.45 per diluted share, down from $18.3 million, or $1.52, in Q2 2023.
Net interest income decreased $1.3 million to $46.8 million; net interest margin of 3.43% compared to 3.56% a year ago.
Non-performing assets increased to $20.4 million (0.34% of total assets) from $11.8 million at year end 2023, mainly due to a $9.3 million student housing loan.
Capital ratios remain strong: Tier 1 Leverage 11.0%, Common Equity Tier 1 12.0%, Total Capital 15.2%, with tangible capital ratio of 9.4%.
Significant items included $2.7 million income from termination of core banking platform conversion and $902,000 in conversion related costs.

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