Great Southern Bancorp (NASDAQ:GSBC) Full Year 2024 Results

Key Financial Results

• Revenue: US$214.3m (down 5.3% from FY 2023).
• Net income: US$61.8m (down 8.8% from FY 2023).
• Profit margin: 29% (down from 30% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$5.29 (down from US$5.65 in FY 2023).

GSBC Banking Performance Indicators

• Net interest margin (NIM): 3.42% (down from 3.57% in FY 2023).
• Cost-to-income ratio: 64.4% (up from 63.2% in FY 2023).
• Non-performing loans: 0.08% (down from 0.25% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Great Southern Bancorp Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Great Southern Bancorp.

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