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8-K ·Filed Jul 16, 2026

GSBC

GREAT SOUTHERN BANCORP, INC.
BEARISH
Impact 6/10
Horizonweeks Processed3mo ago SEC0001171843-26-004726
8-K Item 2.02: Earnings release
Actionable Insight ▼ Bearish

The core earnings miss (GAAP) and elevated one-time charges create near-term headwinds, but the non-GAAP beat vs consensus and expanding NIM provide a floor. Watch for Q3/Q4 2026 execution on branch consolidation savings and loan prepayment trends. The active buyback ($68.39 avg) signals management's view of intrinsic value. Monitor the $1.8M multi-family foreclosure and $909K charge-off for credit quality signals.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
GSBC ▼ -4.20% at T+60d
SHORT call ✓ call won +4.20% · α vs SPY +7.91% · entry $80.11 → $76.75
Entry = T+0 close
Jul 16, 2026
via day close
T+1d
-2.32%
call +2.32% · α +1.33%
$78.25
settled 3mo ago
T+5d
-2.22%
call +2.22% · α +0.55%
$78.33
settled 3mo ago
T+20d
+1.71%
call -1.71% · α +1.91%
$81.48
settled 3mo ago
T+60d
-4.20%
call +4.20% · α +7.91%
$76.75
settled 18d ago

Price Chart

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Executive Summary

Great Southern Bancorp reported Q2 2026 EPS of $1.43 (GAAP) / $1.57 (non-GAAP, excluding $2.1M in one-time branch consolidation and severance costs), compared to $1.72 in Q2 2025. Net income fell 20.2% YoY to $15.8M, driven by the absence of terminated swap interest income and the one-time charges. Net interest margin expanded 8bp to 3.76%, but net interest income declined 2.9% to $49.5M. The company guided to $2.3-$2.7M in annual pre-tax savings from branch consolidations beginning Q4 2026.

Key Financial Metrics

EPS
$1.43
est $1.40 · +2.1%
Revenue
$49.5M
est $55.8M · -11.3% · -2.9% YoY
Rating
miss

Key Facts

  • GAAP diluted EPS of $1.43 vs $1.72 in Q2 2025 (-16.9% YoY); non-GAAP EPS of $1.57 vs consensus $1.40 (+12.1% beat)
  • Net income of $15.8M vs $19.8M in Q2 2025 (-20.2% YoY); non-GAAP net income of $17.4M
  • Net interest income of $49.5M vs $51.0M in Q2 2025 (-2.9% YoY), impacted by the end of terminated swap income ($2.0M quarterly benefit in 2025)
  • Net interest margin improved to 3.76% from 3.68% in Q2 2025 and 3.71% in Q1 2026
  • Non-interest expense surged to $38.2M from $35.0M in Q2 2025 (+9.2%), including $2.1M in one-time consolidation and severance costs
  • Efficiency ratio deteriorated to 67.21% from 59.16% in Q2 2025; non-GAAP efficiency ratio was 63.47%
  • Total net loans decreased $49.1M (1.1%) from Dec 2025 to $4.31B, with elevated prepayments in Q2
  • Non-performing assets of $9.4M (0.17% of total assets), up from $8.1M (0.15%) at Dec 2025
  • Net charge-offs of $819,000 in Q2 2026 vs net recoveries of $111,000 in Q2 2025
  • Company repurchased 114,624 shares at avg $68.39 in Q2 2026; quarterly dividend maintained at $0.43/share
  • Branch consolidation and workforce reduction expected to generate $2.3-$2.7M in annual pre-tax income improvement starting Q4 2026

Financial Impact

GAAP EPS declined 16.9% YoY; non-GAAP EPS beat consensus by 12.1% but still declined 8.7% YoY; net interest income down $1.5M; one-time charges of $2.1M; expected annual savings of $2.3-$2.7M from branch consolidations

net incomeepsnet interest incomenon-interest expenseefficiency ratioloan balancesnon-performing assetsnet charge-offs

Risk Factors

  • Continued loan prepayment pressure reducing earning assets and net interest income
  • Credit quality deterioration in multi-family portfolio (one $1.8M foreclosure with $909K charge-off in Q2)
  • Execution risk on branch consolidation savings ($2.3-$2.7M annual target) and potential customer deposit attrition
  • Higher brokered deposit replacement costs (rates at or above 3.90% at June 2026)
  • Unrealized losses on AFS securities and interest rate swaps ($37.7M net of taxes) could pressure capital if rates rise further

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
0% bullish (7 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 8 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001171843-26-004726
Exhibit: exh_992.htm0001171843-26-004726
Exhibit: exh_993.htm0001171843-26-004726
Document: f8k_071526.htm0001171843-26-004726
Document: 0001171843-26-004726-index-headers.html0001171843-26-004726
Document: 0001171843-26-004726-index.html0001171843-26-004726
Document: 0001171843-26-004726.txt0001171843-26-004726
8-K Data (Synthetic)0001171843-26-004726
16 reports for GSBC
Performance horizon
100% Hit rate @ T+60 3 of 3 directional calls Went positive at some point 3 of 5 best @ T+60▲ +15.94%Apr 15, 2026
Filters
Rows
Reports for GSBC — sortable, filterable
TypeNow
Oct 22, 2026
4d ago
8-K
BEARISH ★ 5/10
$78.93awaiting T+60—$81.15 (−2.81%)
Oct 21, 2026
5d ago
Press Release
BEARISH ★ 6/10
$78.93awaiting T+60—$81.15 (−2.81%)
Sep 24, 2026
4w ago
Press Release
NEUTRAL ★ 1/10
$78.91awaiting T+60—$81.15 (+2.84%)
Sep 16, 2026
5w ago
Press Release
NEUTRAL ★ 2/10
$79.39awaiting T+60—$81.15 (+2.22%)
Jul 16, 2026
14w ago
8-K
BEARISH ★ 6/10
$80.11 $76.75▲ +4.20%▲ +7.91%$81.15 (−1.30%)
Jul 15, 2026
14w ago
Press Release
BEARISH ★ 6/10
$80.11 $76.75▲ +4.20%▲ +7.91%$81.15 (−1.30%)
Jun 18, 2026
18w ago
Press Release
NEUTRAL ★ 1/10
$74.82 $80.52▲ +7.62%▲ +5.87%$81.15 (+8.46%)
Jun 12, 2026
19w ago
Institutional Cluster
MIXED ★ 4/10
$75.86 $79.49▲ +4.79%▲ +1.52%$81.15 (+6.97%)
May 15, 2026
23w ago
8-K
NEUTRAL ★ 2/10
$67.18 $80.32▲ +19.56%▲ +15.04%$81.15 (+20.79%)
May 1, 2026
25w ago
144
NEUTRAL ★ 2/10
$68.70 $80.71▲ +17.48%▲ +15.63%$81.15 (+18.12%)
Showing 10 of 16

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Report published Jul 16, 2026