Great Southern Bancorp publishes Q3 2026 earnings call transcript
GSBC•Great Southern Bancorp reported third-quarter 2026 net income of $14 million, or $16.5 million excluding a $2.5 million after-tax hedge accounting adjustment. The company expects $2.3 million-$2.7 million in annual pretax improvement from banking center consolidations and position eliminations beginning in the fourth quarter.
1. Quarterly results and plans
Great Southern Bancorp’s October 22 earnings call featured CEO Joseph Turner, CFO Rex Copeland and analysts. Management said the $2.5 million after-tax hedge accounting adjustment is expected to be recovered through interest income by April 2028. Purchases of about $400 million in fixed-rate agency mortgage-backed securities and collateralized mortgage obligations are expected to boost net interest income while diluting margin. Nine banking center consolidations and 66 position eliminations are expected to generate $2.3 million-$2.7 million in annual pretax improvement beginning in the fourth quarter of 2026.
