The EPS miss and declining loan balances are the headline negatives, but the non-cash nature of the hedge adjustment and the steady NIM suggest core operations are intact. Watch for Q4 expense savings from branch consolidations and whether loan paydowns persist, which would pressure future net interest income.
Price Chart
Executive Summary
Great Southern Bancorp reported Q3 2026 EPS of $1.27, missing the $1.39 consensus by 8.6%, with net income of $14.0M vs $17.8M a year ago. The miss was driven by a $3.5M non-cash hedge accounting adjustment; excluding that, adjusted EPS was $1.50. Net interest margin held steady at 3.75%, but loan balances declined 2.5% YTD and non-performing assets increased to $10.5M.
Key Financial Metrics
Key Facts
- Q3 2026 EPS of $1.27 missed consensus of $1.39 by 8.6%
- Net income fell to $14.0M from $17.8M in Q3 2025, a 21% decline
- Non-cash hedge accounting adjustment reduced EPS by $0.23; adjusted EPS was $1.50
- Net interest margin was 3.75%, up slightly from 3.72% a year ago
- Total net loans declined $108.4M (2.5%) YTD to $4.25B
- Non-performing assets increased to $10.5M (0.18% of assets) from $8.1M at year-end 2025
- Company repurchased 159,212 shares in Q3 at avg $79.20; new 1M-share buyback authorized
- Branch consolidation completed Oct 1, eliminating 66 positions, expected to save $2.3-2.7M annually pre-tax
Financial Impact
EPS miss of $0.12 vs consensus; net income down $3.7M YoY; non-cash charge of $3.5M pre-tax
Risk Factors
- Continued loan runoff and elevated prepayments could compress net interest income
- Higher market interest rates are increasing unrealized losses on the investment portfolio
- Non-performing assets are trending up, though still low at 0.18% of assets
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3385974 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $78.93 | awaiting T+60 | — | $80.93 (−2.53%) |
Oct 21, 2026 5d ago | Press Release | $78.93 | awaiting T+60 | — | $80.93 (−2.53%) |
Sep 24, 2026 4w ago | Press Release | $78.91 | awaiting T+60 | — | $80.93 (+2.56%) |
Sep 16, 2026 5w ago | Press Release | $79.39 | awaiting T+60 | — | $80.93 (+1.94%) |
Jul 16, 2026 14w ago | 8-K | $80.11 $76.75 | ▲ +4.20% | ▲ +7.91% | $80.93 (−1.02%) |
Jul 15, 2026 14w ago | Press Release | $80.11 $76.75 | ▲ +4.20% | ▲ +7.91% | $80.93 (−1.02%) |
Jun 18, 2026 18w ago | Press Release | $74.82 $80.52 | ▲ +7.62% | ▲ +5.87% | $80.93 (+8.17%) |
Jun 12, 2026 19w ago | Institutional Cluster | $75.86 $79.49 | ▲ +4.79% | ▲ +1.52% | $80.93 (+6.68%) |
May 15, 2026 23w ago | 8-K | $67.18 $80.32 | ▲ +19.56% | ▲ +15.04% | $80.93 (+20.47%) |
May 1, 2026 25w ago | 144 | $68.70 $80.71 | ▲ +17.48% | ▲ +15.63% | $80.93 (+17.80%) |
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