10-Q · May 7, 2026
Great Southern Bancorp, Inc. reported its Q1 2026 results with net income of $17.5 million, reflecting a 1.8% increase from $17.2 million in Q1 2025, driven by reduced expenses and tax rates despite a decrease in…
Earnings analysis · 10-Q
GSBC earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
GSBC reported Q2 2026 EPS of $1.57, beating consensus of $1.37, but revenue of $49.493 million fell sharply from $78 million in Q1 2026 and $89 million in Q2 2025 and missed consensus by 9.96%. The filing indicates that…
Read full summary
GSBC reported Q2 2026 EPS of $1.57, beating consensus of $1.37, but revenue of $49.493 million fell sharply from $78 million in Q1 2026 and $89 million in Q2 2025 and missed consensus by 9.96%. The filing indicates that recent Federal Funds rate cuts have not materially pressured net interest margin through June 30, 2026, and models show a modestly positive sensitivity to rising rates. However, $630.7 million of time deposits mature within three months, creating meaningful funding-cost risk, while the supplied 10-Q text provides no updated quantitative guidance or cash-flow detail.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.57
What stood out
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EPS Beat Despite Year-Over-Year Decline
Reported diluted EPS was $1.57, essentially stable versus $1.58 in Q1 2026 and 8.7% below $1.72 in Q2 2025. EPS exceeded the $1.37 consensus estimate by $0.20, or 14.6%.
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Rate Position Remains Favorable
The company’s interest-rate models indicated that rising rates are expected to have a “modestly positive” impact on net interest income, while declining rates are expected to have a “mostly neutral” impact as of June 30, 2026.
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Substantial Floating-Rate Loan Exposure
The loan portfolio included $1.68 billion of SOFR-linked loans and $614.3 million of prime-linked loans at June 30, 2026; nearly all had fully indexed rates at or above their floors.
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Rate Cuts Have Not Yet Compressed NIM
Management stated that net interest margin had not experienced a material negative impact from the late-2025 Federal Funds rate cuts through June 30, 2026; the Federal Funds rate was 3.75% at December 31, 2025 and remained there at June 30, 2026.
What to watch
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Revenue Decline and Estimate Miss
Revenue was $49.493 million, down from $78 million in Q1 2026 and $89 million in Q2 2025, while the $49.493 million result was 9.96% below the $54.9648 million consensus estimate.
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Near-Term Deposit Repricing Risk
Time deposits totaling $630.7 million mature within three months at a weighted-average rate of 3.38%, with an additional $263.2 million maturing within three to six months at 3.10%. Brokered time-deposit rates were generally at or above 3.90% at June 30, 2026, creating funding-cost and margin risk.
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No Formal Risk Update; Litigation Ongoing
The 10-Q states there were no material changes to the risk factors in the 2025 Form 10-K. Separately, one fiduciary-duty litigation matter remained unresolved after an amended petition was filed in October 2025; the trial had been postponed and not rescheduled.
Management's outlook
The supplied 10-Q text does not provide updated quantitative revenue or EPS guidance. The prior 8-K cited expected annual pre-tax income improvement of $2.0-$2.7 million from operational efficiencies, but the 10-Q does not update that outlook.
Earlier filings 4
10-K · March 6, 2026
Great Southern emphasizes origination of commercial real estate, construction and multi-family loans while funding those loans with customer deposits, brokered deposits and FHLBank borrowings; at December 31, 2025 the…
10-Q · November 6, 2024
Great Southern reported quarterly net income of $16.5 million for the three months ended September 30, 2024, up 3.8% from $15.9 million a year earlier, while nine-month net income fell to $46.9 million from $54.7…
10-K · March 12, 2024
Great Southern Bancorp’s 2023 10‑K emphasizes a regional community bank strategy focused on originating commercial real estate, multi‑family and short‑term adjustable loans while selling longer‑term fixed single‑family…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.