Great Southern Bancorp (GSBC) Q2 2026 Earnings Report

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Previous Report: Q1 2026

GSBC Q2 2026 EPS Results

Actual EPS$1.43

Consensus EPS$1.38

Beat/MissBeat by +$0.05

One Year Ago EPS$1.72

GSBC Q2 2026 Revenue Results

Actual Revenue$80.27M

Expected Revenue$55.26M

Beat/MissBeat by +$25.01M

YoY Revenue Growth-10.39%

Earnings Announcement Details

QuarterQ2 2026

Date07/15/2026

TimeAfter Close

Conference CallWednesday, July 15, 2026

GSBC Upcoming Earnings

Great Southern Bancorp's next earnings date is estimated for October 21, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

GSBC Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Jul 15, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed picture: the bank demonstrated resilience with an expanded net interest margin, strong capital ratios and low nonperforming assets, and a robust loan pipeline. However, these positives were offset by meaningful declines in quarterly net income and EPS, sequential and year-to-date loan and deposit reductions, rising noninterest expense (even after excluding one-time items), and a charge-off in the quarter. Management is taking cost actions (branch consolidations, workforce reductions) expected to produce savings beginning Q4 2026, but near-term earnings and balance sheet volatility remain notable.

Company Guidance

The company’s forward-looking guidance focused primarily on cost savings, capital allocation and tax expectations: management expects the planned consolidation of 9 branches and related workforce reductions to generate $4.4–$4.8 million of annual noninterest expense savings beginning in Q4 2026 and roughly $2.3–$2.7 million of annual pretax income improvement (Q4 start), after incurring $2.1 million of one‑time costs in Q2 (a $1.4M valuation allowance, $561K severance and $163K lease expense); core noninterest expense in Q2 was $36.1M (total $38.2M). They reiterated no loan loss provision for the period (provision for unfunded commitments was $8K), an allowance for credit losses of 1.46% of loans, NPAs at $9.4M (0.17% of assets), and a strong liquidity/capital position (total assets ~$5.52B, deposits ~$4.3B with $665M uninsured/15.5%, loan commitments $1.07B including $532M unfunded construction, secured borrowing availability FHLB $1.23B and FRB $320M, cash equivalents $180M, stockholders’ equity $642M or 11.6% of assets, book value $58.95). Management also said it expects a combined federal/state effective tax rate of roughly 18.0%–19.5% going forward and will continue to evaluate capital uses (remaining repurchase authorization ~304K shares) while declining to provide specific loan‑growth guidance given payoff volatility.

Net Interest Margin Expansion

Annualized net interest margin expanded to 3.76% in Q2 2026 from 3.68% in Q2 2025 and 3.71% in Q1 2026, reflecting disciplined funding cost management despite headwinds (absence of $2.0M prior swap income).

Strong Capital Position and Book Value Growth

Total stockholders' equity was $642 million (11.6% of assets) at 06/30/2026; book value per common share rose to $58.95 from $57.50 at 12/31/2025 (increase of $1.45, ~2.5%).

Solid Asset Quality and Allowance Coverage

Nonperforming assets were low at $9.4 million (0.17% of total assets); allowance for credit losses stable at 1.46% of total loans; potential problem loans $1.16 million—overall credit metrics described as excellent.

Robust Lending Pipeline

Total loan commitments of $1.07 billion at June 30, 2026, including $532 million unfunded portion of closed construction loans, indicating future funding opportunities despite near-term payoff volatility.

Planned Expense Reductions from Branch Consolidation

Announced consolidation of 9 banking centers and elimination of 66 positions with one-time costs of $2.1 million; expected noninterest expense savings of $4.4–$4.8 million beginning in Q4 2026 and projected $2.3–$2.7 million in annual pretax income improvement.

Tax Efficiency and Reduced Effective Tax Rate

Effective tax rate for Q2 2026 was ~15.3% (down from 18.5% prior-year period) due to tax credits, tax-exempt income, and higher deductible option exercises; six-month rate was 17.1% vs 19.2% prior year.

GSBC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 21, 2026	2026 (Q3)	1.39 / -	1.56	―
Jul 15, 2026	2026 (Q2)	1.38 / 1.43	1.72	-16.86% (-0.29)
Apr 15, 2026	2026 (Q1)	1.29 / 1.58	1.47	7.48% (+0.11)
Jan 21, 2026	2025 (Q4)	1.34 / 1.45	1.27	14.17% (+0.18)
Oct 15, 2025	2025 (Q3)	1.50 / 1.56	1.41	10.64% (+0.15)
Jul 16, 2025	2025 (Q2)	1.34 / 1.72	1.45	18.62% (+0.27)
Apr 16, 2025	2025 (Q1)	1.27 / 1.47	1.13	30.09% (+0.34)
Jan 21, 2025	2024 (Q4)	1.32 / 1.27	1.11	14.41% (+0.16)
Oct 16, 2024	2024 (Q3)	1.26 / 1.41	1.33	6.02% (+0.08)
Jul 16, 2024	2024 (Q2)	1.21 / 1.45	1.52	-4.61% (-0.07)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed