GREAT SOUTHERN BANCORP, INC. — Form 8-K
Filed July 16, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
Great Southern Bancorp reported Q2 2026 net income of $15.8M ($1.43/share), down 20% YoY from $19.8M ($1.72/share), primarily due to $2.1M in one-time expenses: $1.4M asset valuation allowance on four owned banking facilities plus $0.6M severance for 66 employees across nine branch consolidations (9 locations closing Oct 1 in MO, IA, KS, AR). Company expects $2.3–$2.7M annual pre-tax benefit starting Q4 2026 but projects $170M deposit attrition risk. Net interest margin improved 8 bps to 3.76%; non-performing assets $9.4M (0.17% of assets); tangible common equity ratio 11.47%; capital ratios well above regulatory thresholds.
Why this rating
Announced restructuring with quantified one-time charges and future cost savings meaningful for $488M company. Near-term earnings hit; medium-term efficiency gain. Moderate relative significance.
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