Great Southern Bancorp Q1 net interest income falls on swap income loss

Great Southern Bancorp

16/04/2026 24:41

Overview

US regional bank's preliminary Q1 net interest income fell 2% yr/yr on swap income loss

Preliminary Q1 EPS and net income rose yr/yr

Company repurchased about 269,000 shares in Q1

Outlook

Company expects non-interest expense to rise in remainder of 2026 due to technology initiatives

Great Southern expects effective tax rate of about 18.5% to 19.5% in future periods

Company says macroeconomic challenges may affect borrowers, especially in multi-family projects

Result Drivers

SWAP INCOME LOSS - Net interest income declined due to the end of income from a previously terminated interest rate swap

LOAN GROWTH - Higher loan balances, mainly in construction and commercial real estate, supported earnings as loan payoffs slowed

NON-RECURRING INCOME - Results benefited from sporadic items such as unbooked interest collections and increased commissions from annuity sales

Company press release: ID:nGNXb3FjMG

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
Beat
$1.58
$1.29 (2 Analysts)
Q1 Net Income
Beat
$17.48 mln
$14.29 mln (2 Analysts)
Q1 Net Interest Income
$48.33 mln
Q1 Provision (credit) for credit losses on loans and unfunded commitments
-$931,000


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 $64.00, about 5.3% below its April 15 closing price of $67.58

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)