Great Southern Bancorp Q3 EPS drops on hedge accounting charge
GSBC•GSBC•GSBC•GSBC•Great Southern Bancorp reported preliminary third-quarter EPS of $1.27 and net income of $14.009 million, with non-cash hedge accounting adjustments reducing earnings. Net interest income fell 1% year over year to $50.27 million, and the company authorized repurchases of up to 1 million shares.
Great Southern Bancorp reported preliminary third-quarter EPS of $1.27 and net income of $14.009 million. Non-cash hedge accounting adjustments reduced earnings, while net interest income declined 1% year over year to $50.27 million, mainly due to lower swap-related income and loan balances.
The company repurchased 159,212 shares and approved a new authorization to repurchase up to 1 million shares. It expects $520,000 in additional interest income per quarter through the first quarter of 2028, a modest decline in net interest margin due to narrower spreads on new securities, and a lower non-interest expense run-rate starting in the fourth quarter of 2026.
