Great Southern Bancorp Q2 prelim EPS falls on non-recurring expenses, cuts workforce

• Company expects operational efficiencies to begin impacting results in fourth quarter 2026.
• Company anticipates annual pre-tax income to rise by over $2 mln from branch consolidations.
• Company expects effective tax rate of 18.0% to 19.5% in future periods.

Result drivers:

• One-time expenses - Q2 results were negatively impacted by $2.1 mln in non-recurring expenses from branch consolidations and workforce reductions, including the closure of two commercial lending locations.
• Lower swap income - Net interest income fell due to the end of income recognition from a terminated interest rate swap and lower loan balances and market rates.
• Non-recurring income in prior year - Non-interest income declined as the prior-year quarter included $1.1 mln from tax credit partnership activities that did not recur.

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell".
• The average consensus recommendation for the banks peer group is "buy."
• Wall Street's median 12-month price target for Great Southern Bancorp Inc is $71.00, about 7.7% below its July 14 closing price of $76.96.
• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago.