Key Highlights

  • Great Southern's $0.43 quarterly Dividend trades ex-date September 28, 2026, payable October 14, marking the company's 147th consecutive quarterly dividend.
  • Second-quarter Net Income was $15.8 million, or $1.43 diluted EPS, versus $19.8 million and $1.72 a year earlier; excluding non-recurring consolidation expenses, net income was $17.4 million, or $1.57 per share.
  • Annualized net interest Margin improved to 3.76%, while deposits declined $143.1 million during the quarter as maturing brokered deposits were not replaced.
  • The bank retained a $531.5 million unfunded construction-loan pipeline at June 30, with consolidation-related expense savings expected to become visible in the fourth quarter of 2026.

Overview

Great Southern Bancorp's (Nasdaq:GSBC) $0.43 quarterly dividend yields approximately 2.18% and marks the company's 147th consecutive quarterly dividend, declared alongside a second quarter that included non-recurring expenses tied to banking-center consolidation. Excluding those items, net income was $17.4 million, or $1.57 per diluted share, on the company's non-GAAP basis, compared with $1.43 reported under GAAP.

Dividend Program and Shareholder Returns

Great Southern's board declared a $0.43 per common share dividend for the third quarter on September 16, 2026, payable October 14 to shareholders of record September 28. This marks the company's 147th consecutive quarterly dividend to common stockholders. The company declared and paid $0.43 per share during the second quarter and $0.86 per share during the first half of 2026, representing approximately 29% of diluted common EPS for the six-month period. Both the Holding Company and bank maintained capital-conservation buffers above required minimum levels at June 30.

About the Company

Great Southern Bancorp is the holding company for Great Southern Bank, headquartered in Springfield, Missouri, operating 87 retail banking centers across Missouri, Iowa, Kansas, Minnesota and Nebraska, with commercial-lending offices in Atlanta, Charlotte, Chicago, Dallas, Denver and Phoenix.

Financial Performance Behind the Payout

Great Southern reported second-quarter net income of $15.8 million and diluted EPS of $1.43, versus $19.8 million and $1.72 in the prior-year quarter. Management said the quarter was affected by non-recurring expenses associated with banking-center and operational consolidation; excluding those items, net income was $17.4 million, or $1.57 diluted EPS. Annualized return on average common Equity was 9.83%, return on average Assets 1.12%, net interest margin 3.76%, and efficiency ratio 67.21%. At June 30, deposits were $4.302 billion, down from $4.483 billion at year-end, while stockholders' equity was $641.6 million.

A Deliberate Deposit Contraction Alongside Consolidation Savings

Deposits declined by $143.1 million during the quarter, with management choosing not to replace some maturing brokered deposits as Loan balances declined, indicating a focus on funding Economics over maintaining asset size. The bank retained a substantial construction-loan pipeline, with $531.5 million of unfunded commitments at June 30, providing continued lending capacity distinct from the quarter's deposit contraction. Management said expense savings associated with the branch-consolidation program were expected to become visible in the fourth quarter of 2026, a timeline separate from this quarter's non-recurring consolidation costs already reflected in results.

Outlook

Great Southern's dividend has now been declared for 147 consecutive quarters. Branch-consolidation expense savings expected in the fourth quarter of 2026, net interest margin trends following the improvement to 3.76%, and the trajectory of deposit and loan balances following this quarter's contraction are the relevant considerations.