Brief: Great Southern Bancorp Q2 Preliminary Earnings Per Share $0.93

Great Southern Bancorp

21/07/2020 24:28

July 20 (Reuters) - Great Southern Bancorp Inc  GSBC.O :
    * GREAT SOUTHERN BANCORP, INC. REPORTS PRELIMINARY SECOND
QUARTER
EARNINGS OF  $0.93 PER DILUTED COMMON SHARE
    * Q2 PRELIMINARY EARNINGS PER SHARE $0.93
    * Q2 EARNINGS PER SHARE ESTIMATE $0.62 -- REFINITIV IBES
DATA
    * NET INTEREST INCOME FOR Q2 OF 2020 DECREASED $1.4 MILLION
(OR
ABOUT 3.3%) TO $43.5 MILLION VERSUS $44.9 MILLION FOR Q2 OF 2019
    * CO HAS BEEN ACTIVELY UTILIZING CARES ACT STIMULUS PACKAGE
TO
ASSIST CONSUMERS AND BUSINESSES
    * THROUGH JUNE 30, 2020, GREAT SOUTHERN HAS ORIGINATED
NEARLY
1,600 PPP LOANS TOTALING APPROXIMATELY $120 MILLION
    * GREAT SOUTHERN BANCORP - CO EXPECTS THAT COVID-19 PANDEMIC
WILL
IMPACT BUSINESS IN FUTURE PERIODS IN ONE OR MORE OF FOLLOWING
WAYS, AMONG OTHERS
    * CERTAIN FEES FOR DEPOSIT AND LOAN PRODUCTS MAY BE WAIVED
OR
REDUCED IN FUTURE
    * GREAT SOUTHERN BANCORP - SIGNIFICANTLY LOWER MARKET
INTEREST
RATES WILL HAVE A NEGATIVE IMPACT ON OUR VARIABLE RATE LOANS
INDEXED TO LIBOR AND PRIME

Source text for Eikon:  ID:nGNX867nlc 
Further company coverage:  GSBC.O 

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