Great Southern Bancorp reports lower preliminary Q3 profit on hedge accounting charge
Great Southern Bancorp preliminarily reported Q3 EPS of $1.27. Excluding a non-cash hedge accounting adjustment, EPS would have been $1.50.
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what happened
Great Southern Bancorp preliminarily reported third-quarter 2026 EPS of $1.27, or $14.0 million, compared with $1.56 a year earlier. The figures were published in a press release distributed via GlobeNewswire.
The headline result was reduced by a non-cash hedge accounting adjustment of roughly $2.5 million. Excluding that item, EPS would have been $1.50 and net income $16.5 million. The bank expects the effect to accrete back through 2028.
The net interest margin edged up to 3.75% from 3.72% a year earlier. Net loans fell by $108 million year to date. The board also approved a new $1 million share repurchase authorization.
why it matters
For investors the key point is that core earnings look steadier than the headline figure suggests, while loan growth remains weak. A recovery in loan balances, plus hedge accretion lifting net interest income, would support regional US banks. For now, the loan runoff limits interest income.
market impact
US banks: weaker loan growth and a one-time accounting hit weigh on GSBC's headline profit
tags
instruments
sources
- Great Southern Bancorp, Inc. (GSBC) Posts Preliminary Q3 EPS $1.27, Hit by Hedge Adjustment — globenewswire.com, 21 October 2026 at 22:15 UTC
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