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Great Southern Bancorp's Q3 net income beats estimates

Overview

Great Southern Q3 EPS of $1.56 beats analyst expectations

Net income for Q3 rises to $17.8 mln, exceeding analyst estimates

Net interest income increased 5.8% to $50.8 mln, driven by lower interest expenses

Outlook

The company did not provide specific financial guidance for future periods in the press release.

Result Drivers

INTEREST EXPENSE MANAGEMENT - Net interest income rose due to lower interest expenses on deposits and borrowings

ASSET QUALITY IMPROVEMENT - Non-performing assets and potential problem loans decreased significantly

EXPENSE MANAGEMENT - Operating discipline maintained despite higher legal and professional fees

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 EPSBeat$1.56$1.48 (2 Analysts)
Q3 Net IncomeBeat$17.75 mln$16.86 mln (2 Analysts)
Q3 Net Interest Income$50.77 mln
Q3 Provision (credit) for credit losses on loans and unfunded commitments-$379,000
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy." Wall Street's median 12-month price target for Great Southern Bancorp Inc is $63.50, about 2% above its October 15 closing price of $62.26 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nGNX87JGC6 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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