Great Southern Bancorp Reports $17.8 Million Net Income for Q3 2025

Great Southern Bancorp, Inc. reported a net income of $17.8 million for the third quarter of 2025, reflecting a 7.7% increase from $16.5 million in the same period last year. For the nine months ending September 30, 2025, net income rose to $54.7 million, a 16.7% increase compared to $46.9 million for the same period in 2024. The growth in profitability was primarily driven by a $2.8 million increase in net interest income and a significant reduction in provisions for credit losses, which decreased by $1.5 million. However, non-interest expenses also rose by $2.4 million, or 7.1%, due to higher salaries and increased legal fees.

In terms of financial position, total assets decreased by $243.8 million, or 4.1%, to $5.74 billion as of September 30, 2025. This decline was largely attributed to a $222.7 million reduction in net loans, particularly in construction and commercial real estate loans. Total deposits also fell by $77.5 million, or 1.7%, to $4.53 billion, with a notable increase in transaction accounts offsetting a decrease in retail certificates of deposit. Brokered deposits decreased to $680 million from $772 million at the end of 2024, reflecting the company's strategy to manage funding sources amid competitive pressures.

Great Southern Bancorp has continued to focus on strategic initiatives, including the completion of a new banking center in Springfield, Missouri, designed to enhance customer experience and operational efficiency. The company operates 89 retail banking centers across several states, including Missouri, Iowa, and Kansas, and has expanded its commercial lending offices in major cities such as Atlanta and Chicago. The company’s employee headcount remained stable, supporting its operational capabilities.

The company’s outlook remains cautious, with management noting that economic conditions, including interest rate fluctuations and competition for deposits, could impact future performance. The Federal Reserve's recent rate cuts may affect net interest income, although the company has positioned itself to manage interest rate risk effectively. Great Southern Bancorp's capital ratios indicate a strong financial position, with a common equity Tier 1 capital ratio of 13.3% as of September 30, 2025, well above the regulatory minimums, suggesting that the company is well-capitalized to support future growth and navigate potential economic challenges.