---
title: "Great Southern Banc reports Q2 preliminary EPS $1.43, net income $15.8M; adjusted EPS $1.57"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292933993.md"
description: "Great Southern Bancorp reported Q2 2026 preliminary net income of $15.8 million ($1.43 EPS), with adjusted EPS at $1.57 excluding $2.1M in one-time consolidation and severance costs. The company consolidated nine branches and cut 66 jobs to improve efficiency, expecting $2.3–$2.7M annual pre-tax savings starting Q4. Total assets stood at $5.52 billion, while net loans decreased to $4.31 billion due to commercial real estate payoffs."
datetime: "2026-07-16T17:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292933993.md)
  - [en](https://longbridge.com/en/news/292933993.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292933993.md)
generator: "portal-rs"
---

# Great Southern Banc reports Q2 preliminary EPS $1.43, net income $15.8M; adjusted EPS $1.57

Great Southern Banc reported preliminary results for the quarter ended June 30, 2026, with net income of $15.8 million, or $1.43 per diluted common share. Excluding one-time branch consolidation and severance costs, adjusted net income was $17.4 million, or $1.57 per diluted share. The company cited a $2.1 million charge related to consolidating nine banking centers and workforce reductions that pressured the quarter's efficiency ratio.

**Financial Highlights**

-   Net income (preliminary): $15.8 million for Q2 2026; diluted EPS $1.43.
-   Adjusted (non-GAAP) net income: $17.4 million for Q2 2026; adjusted diluted EPS $1.57 (excludes $2.1 million of one-time consolidation and severance costs net of tax).
-   Net interest income: $49.5 million for Q2 2026 (annualized net interest margin 3.76%).
-   Non-interest income: $7.4 million for Q2 2026; non-interest expense: $38.2 million (efficiency ratio 67.21%; adjusted efficiency ratio 63.47% excluding one-time costs).
-   Balance sheet and capital: total assets $5.523 billion; total stockholders’ equity $641.6 million; tangible common equity ratio 11.47% (tangible common equity $632.2M).

**Business Highlights**

-   Branch consolidation and workforce actions: decision to consolidate nine banking centers into nearby locations and eliminate 66 positions; closures effective late September–October 2026; expected to improve annual pre-tax income by $2.3–$2.7 million starting Q4 2026.
-   Operational workforce reductions also included closure of two commercial lending locations and termination-related severance for impacted employees.
-   Loan portfolio activity: total net loans decreased to $4.31 billion at June 30, 2026, driven by payoffs and declines in commercial real estate and multi-family loans, partially offset by higher construction lending and a strong unfunded construction pipeline (unfunded construction portion $531.5 million).
-   Liquidity and funding: secured borrowing lines of $1.234 billion at the FHLBank and $319.6 million at the Federal Reserve; cash and cash equivalents $180.0 million; unpledged available-for-sale securities $339.9 million.
-   Technology and customer initiatives: launched partnership with Greenlight (debit card/financial learning app for youth), redesigned corporate website, and expanded Live Teller ATM network with new locations including first Des Moines installations.

Original SEC Filing: GREAT SOUTHERN BANCORP, INC. \[ GSBC \] - 8-K - Jul. 16, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [GSBC.US](https://longbridge.com/en/quote/GSBC.US.md)

## Related News & Research

- [Insider Shake-Up: Major Move at Great Southern Bancorp Turns Heads](https://longbridge.com/en/news/296572083.md)
- [Great Southern Bancorp director Julie A. Brown sells 851 common shares for $68,931](https://longbridge.com/en/news/296533286.md)
- [Lument Finance (LFT) Q2 2026 Earnings Call Transcript](https://longbridge.com/en/news/296563323.md)
- [Lufax Holding: Q2 new loan sales rose 4.6% year-over-year, led by consumer finance, amid improved asset quality](https://longbridge.com/en/news/296344396.md)
- [Fannie Mae Announces Sale of Non-Performing Loans | FNMA Stock News](https://longbridge.com/en/news/296367903.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**