Great Southern Bancorp posted its Q2 2026 earnings call with CEO Joseph Turner, CFO Rex Copeland, and IR advisor Christina Maldonado; analysts from KBW and Brean attended.
Q2 net income fell to $15.8 million, or $1.43 a share; results absorbed $2.1 million of one-time branch consolidation and severance charges.
Management set plans to consolidate nine banking centers and eliminate 66 positions; it targets $4.4 million to $4.8 million in annual noninterest expense savings starting in Q4 2026.
Management expects $2.3 million to $2.7 million in annual pre-tax income lift from the actions starting in Q4, and warned deposit attrition may raise replacement funding costs.
Net loans fell $148.9 million from March 31 on elevated payoffs; the CFO leaned toward a stable net interest margin, citing intense pricing competition.
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