The EPS miss and declining loan balances are the primary negatives, partially offset by NIM expansion and capital return via buybacks. Watch for Q3 2026 results to see if branch consolidation savings materialize and whether loan runoff stabilizes. The stock may face near-term pressure given the miss and elevated non-performing assets.
Price Chart
Executive Summary
Great Southern Bancorp reported Q2 2026 EPS of $1.43, missing the consensus estimate of $1.38 by 3.6%, and net income fell 20.2% YoY to $15.8M. Results were impacted by $2.1M in one-time branch consolidation and severance costs; excluding those, adjusted EPS was $1.57. Net interest margin improved to 3.76% from 3.68% a year ago, but loan balances declined 1.1% from year-end and non-performing assets ticked up to 0.17% of total assets. The company expects annual pre-tax savings of $2.3-$2.7M from branch consolidations beginning Q4 2026.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $1.43 missed consensus of $1.38 (3.6% miss) and declined 16.9% from $1.72 in Q2 2025
- Net income fell 20.2% YoY to $15.8M from $19.8M
- Excluding $2.1M in one-time branch consolidation/severance costs, adjusted EPS was $1.57
- Net interest margin expanded to 3.76% from 3.68% YoY, but net interest income fell 2.9% to $49.5M
- Total net loans declined $49.1M (1.1%) from year-end to $4.31B; Q2 loan balances fell $148.9M from Q1
- Non-performing assets rose to $9.4M (0.17% of assets) from $8.1M (0.15%) at year-end
- Company repurchased 114,624 shares at avg $68.39 in Q2; 304,000 shares remain under buyback authorization
- Branch consolidation of 9 banking centers expected to generate $2.3-$2.7M annual pre-tax savings starting Q4 2026
- Book value per share increased to $58.95 from $57.50 at year-end
- Capital ratios remain well above 'well-capitalized' thresholds; Tier 1 Leverage Ratio 12.4%
Financial Impact
EPS miss of $0.05 (3.6%) vs consensus; net income down $4.0M YoY; $2.1M one-time charges; $2.3-$2.7M annual savings expected from branch consolidations
Risk Factors
- Continued loan runoff and elevated prepayments could pressure net interest income
- Non-performing assets increased; further credit deterioration could require higher provisions
- Branch consolidation may cause customer deposit attrition, partially offsetting cost savings
- Unrealized losses on securities portfolio ($37.7M net of taxes) could weigh on book value if rates remain elevated
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3328158 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $78.93 | awaiting T+60 | — | $81.48 (−3.23%) |
Oct 21, 2026 5d ago | Press Release | $78.93 | awaiting T+60 | — | $81.48 (−3.23%) |
Sep 24, 2026 4w ago | Press Release | $78.91 | awaiting T+60 | — | $81.48 (+3.26%) |
Sep 16, 2026 5w ago | Press Release | $79.39 | awaiting T+60 | — | $81.48 (+2.63%) |
Jul 16, 2026 14w ago | 8-K | $80.11 $76.75 | ▲ +4.20% | ▲ +7.91% | $81.48 (−1.71%) |
Jul 15, 2026 14w ago | Press Release | $80.11 $76.75 | ▲ +4.20% | ▲ +7.91% | $81.48 (−1.71%) |
Jun 18, 2026 18w ago | Press Release | $74.82 $80.52 | ▲ +7.62% | ▲ +5.87% | $81.48 (+8.90%) |
Jun 12, 2026 19w ago | Institutional Cluster | $75.86 $79.49 | ▲ +4.79% | ▲ +1.52% | $81.48 (+7.41%) |
May 15, 2026 23w ago | 8-K | $67.18 $80.32 | ▲ +19.56% | ▲ +15.04% | $81.48 (+21.29%) |
May 1, 2026 25w ago | 144 | $68.70 $80.71 | ▲ +17.48% | ▲ +15.63% | $81.48 (+18.60%) |
US Market Status
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