NASDAQ$GSBC
Great Southern Bancorp Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported preliminary second quarter earnings, reflecting a slight decrease in earnings per share compared to the previous year, while net interest margin improved due to increasing market interest rates and strategic asset mix adjustments.
Great Southern Bancorp reported preliminary earnings of $1.44 per diluted common share for the second quarter of 2022, a slight decrease from $1.46 per share in the same period of 2021. The company's net interest margin improved to 3.78%, driven by increasing market interest rates and changes in asset mix. Loan growth was strong, particularly in commercial real estate and multi-family loans.
- Earnings for Q2 2022 were $1.44 per diluted common share, compared to $1.46 per diluted common share for Q2 2021.
- Net interest margin increased to 3.78% in Q2 2022, up from 3.35% in Q2 2021.
- Total net loans, excluding mortgage loans held for sale, increased by $354.1 million since the end of 2021.
- Non-performing assets decreased to $4.3 million, representing 0.08% of total assets.
Headline financials
Revenue & EPS history
Great Southern · Revenue · Quarterly
$58.2M
Forward guidance
The Federal Reserve Open Market Committee continues to signal additional increases in interest rates in 2022, which should positively impact net interest income. The Company currently expects its effective tax rate (combined federal and state) will be approximately 20.5% to 21.5% in future periods.
Tailwinds
- The Federal Reserve Open Market Committee continues to signal additional increases in interest rates in 2022, which should positively impact our net interest income.
- Loan production and activity in our markets was quite vigorous.
- Credit quality metrics remained excellent during the second quarter.
- The increase in our dividend is supported by our strong level of earnings, capital strength and excellent asset quality.
- The Company continues to monitor and respond to the effects of the COVID-19 pandemic.
Headwinds
- Earnings in the second quarter of 2022 versus the second quarter of 2021 included much lower profits on loan sales, as increasing interest rates resulted in a lower volume of mortgage loans originated and sold in the secondary market.
- Because of strong commercial loan growth, we recorded a total provision for credit losses of $2.2 million for the second quarter of 2022 (all related to unfunded loan commitments), compared to a total negative provision of $1.3 million for the same period in 2021
- Operating expenses were generally in line with the prior year quarter, excluding some employee compensation and other professional fees which were elevated during the second quarter 2022.
- Accumulated other comprehensive income decreased $46.1 million during the six months ended June 30, 2022, primarily due to decreases in the fair value of available-for-sale investment securities and the fair value of cash flow hedges.
- Stockholders’ equity also decreased due to repurchases of the Company’s common stock totaling $50.4 million and dividends declared on common stock of $9.5 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
-0.0%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.8%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+6.8%
Q1 2013
Best reaction
-11.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | +0.0% | +0.4% | |
| Q4 2025 | -1.3% | -9.3% | -3.7% | |
| Q3 2025 | -11.1% | -8.0% | -6.1% | |
| Q2 2025 | -1.5% | +0.5% | +4.4% | |
| Q1 2025 | +3.6% | +6.3% | +11.5% | |
| Q4 2024 | -2.3% | -2.9% | -2.0% | |
| Q3 2024 | -0.9% | -4.6% | +8.1% | |
| Q2 2024 | +0.0% | -1.0% | -10.3% | |
| Q1 2024 | +1.2% | +5.1% | +5.8% | |
| Q4 2023 | -0.8% | -2.9% | -9.7% | |
| Q3 2023 | -1.8% | -2.7% | +7.5% | |
| Q2 2023 | -5.8% | -4.8% | -7.2% | |
| Q1 2023 | +5.7% | +5.9% | +2.3% | |
| Q4 2022 | -4.6% | -3.9% | +0.6% | |
| Q3 2022 | -5.3% | -2.3% | +0.6% | |
| Q2 2022 | +1.1% | +3.3% | +3.3% | |
| Q1 2022 | +4.0% | +2.2% | -1.2% | |
| Q4 2021 | -0.0% | -0.9% | +1.1% | |
| Q3 2021 | +0.1% | -0.2% | +1.7% | |
| Q2 2021 | -1.4% | +0.9% | +3.2% | |
| Q1 2021 | +0.1% | +0.4% | +1.3% | |
| Q4 2020 | -4.4% | -2.6% | +5.3% | |
| Q3 2020 | +3.3% | +6.4% | +18.0% | |
| Q2 2020 | +3.6% | +1.2% | +1.4% | |
| Q1 2020 | -1.1% | +0.9% | +1.2% | |
| Q4 2019 | -1.9% | -5.6% | -8.2% | |
| Q3 2019 | +3.9% | +6.7% | +6.1% | |
| Q2 2019 | +0.3% | -1.3% | -4.1% | |
| Q1 2019 | +2.6% | +1.5% | +2.1% | |
| Q4 2018 | +0.5% | +5.1% | +12.8% | |
| Q3 2018 | +0.4% | +0.7% | +5.1% | |
| Q2 2018 | +2.5% | +4.4% | +1.6% | |
| Q1 2018 | +0.1% | +3.3% | +10.8% | |
| Q4 2017 | +1.6% | +0.8% | -3.5% | |
| Q3 2017 | -1.1% | -4.2% | -6.6% | |
| Q2 2017 | +1.7% | +1.2% | -7.0% | |
| Q1 2017 | +3.6% | +7.9% | -0.2% | |
| Q4 2016 | +0.0% | +1.2% | +1.3% | |
| Q3 2016 | +1.8% | +0.1% | +21.2% | |
| Q2 2016 | +1.0% | +0.9% | +4.0% | |
| Q1 2016 | +2.4% | — | — | |
| Q4 2015 | +3.5% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | +0.2% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -0.6% | — | — | |
| Q3 2014 | -0.7% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +3.0% | — | — | |
| Q4 2013 | -2.0% | — | — | |
| Q3 2013 | -3.7% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | +6.8% | — | — | |
| Q4 2012 | -1.1% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | +3.0% | — | — | |
| Q4 2009 | +3.0% | — | — | |
| Q3 2011 | -3.2% | — | — | |
| Q3 2010 | -3.2% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q2 2010 | -2.8% | — | — | |
| Q1 2010 | +2.9% | — | — |
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