Great Southern Bancorp Q3 2026 Profit Falls to $1.27 Per Share

what happened

Great Southern Bancorp reported preliminary net income of $14.0 million for the third quarter of 2026, or $1.27 per diluted share, compared with $17.8 million, or $1.56 per share, a year earlier. According to TradingView, citing the company's SEC filing, the result included a non-cash hedge-accounting charge that cut earnings by about $2.5 million after tax. Excluding that item, net income was $16.5 million, or $1.50 per diluted share.

Net interest income slipped 1.0% to $50.3 million, while the net interest margin rose to 3.75% from 3.72%. Non-interest income fell to $3.4 million from $7.1 million, and non-interest expense edged up to $36.3 million. The efficiency ratio worsened to 67.57% from 62.45%. The bank also consolidated nine banking centers on October 1 and eliminated 66 positions.

why it matters

The key points for markets are the softer interest income and weaker efficiency, driven by loan prepayments and refinancing, especially in commercial real estate and multifamily lending. Results from smaller regional lenders are often compared across the sector, so they shape investor sentiment toward US bank stocks.

market impact

US regional banks: weaker interest income and efficiency weigh on the sector's earnings outlook

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