secwatch.observer — SEC 8-K summary
======================================

Issuer:     GREAT SOUTHERN BANCORP, INC. (GSBC)
CIK:        0000854560
Form:       8-K
Filed at:   2026-10-22T16:01:19+00:00
Accession:  0001171843-26-006766
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Great Southern Q3 EPS falls to $1.27 on $3.5M non-cash hedge charge; $1.50 excluding item
--------------------------------------------------------------------------------

- Net income $14.0M ($1.27 per diluted share) vs $17.8M ($1.56) in Q3 2025; excluding the $3.3M pre-tax hedge charge, net income was $16.5M, or $1.50 per share.
- Net interest income $50.3M, down 1.0% YoY; net interest margin 3.75% vs 3.72%; non-interest income fell to $3.4M from $7.1M on a $4.1M hedge-related reduction; efficiency ratio 67.57%.
- Net loans $4.25B, down $108.4M (2.5%) from Dec 31, 2025 on CRE and multi-family payoffs; NPAs $10.5M (0.18% of assets); net charge-offs $397K and no loan-loss provision.
- Bought about $400M of agency MBS and CMOs yielding an expected 4.80-5.00%, funded with FHLB borrowings; expects ~$520K of added interest income per quarter through Q1 2028.
- Nine banking centers consolidated and 66 positions eliminated effective Oct 1, 2026, expected to add over $2M in annual pre-tax income; 159,212 shares repurchased, new 1M-share authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854560/000117184326006766/0001171843-26-006766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854560/000117184326006766/f8k_102126.htm
  HTML page:      https://secwatch.observer/filing/0001171843-26-006766

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer