Great Southern FY26 Q2 net income drops 20.2% to $15.8 million; efficiency ratio widens 8.05 percentage points to 67.21%
GSBC•Branch consolidation plan
The company plans to consolidate nine banking centers, aiming for $2.3 million-$2.7 million in annual pre-tax income improvement starting in Q4 2026.
Quarterly earnings and margin
Great Southern Bancorp posted net income of $15.8 million, down 20.2% from a year earlier.
Net interest income slipped 2.9% to $49.5 million; net interest margin widened 8 basis points to 3.76%.
Expenses and non-interest income
Non-interest expense climbed 9.2% to $38.2 million, including $2.1 million tied to banking center consolidations and workforce reductions.
Non-interest income fell 10.2% to $7.4 million, mainly on lower other income.
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