Great Southern Bancorp Q2 2026: Beat on EPS, Nine Branches Closing
As seen on the 24/7 Wall St. homepage on July 16, 2026.
Great Southern Bancorp beat earnings and revenue while announcing plans to shutter nine branches and cut 66 jobs, a restructuring expected to boost annual pre-tax income by over $2 million starting Q4. Net interest margin expanded to 3.76% year-over-year on disciplined deposit repricing, and the CET1 ratio strengthened to 14.0%.
Continue ReadingShow less
Great Southern Bancorp reported Q2 2026 earnings per share of $1.43, coming in about 4% above the consensus estimate of $1.375. Revenue of $56.9 million also cleared expectations of $55.3 million by roughly 3%, continuing a streak of beats that stretches back to at least Q3 2024 in the company's recent history.
The headline numbers were accompanied by a restructuring announcement: the bank plans to close nine branches and eliminate 66 positions, a move it expects to add more than $2 million to annual pre-tax income beginning in the fourth quarter. Net interest margin widened to 3.76% year-over-year, a sign that disciplined deposit repricing is flowing through to profitability, while the Common Equity Tier 1 ratio strengthened to 14.0%, underscoring a well-capitalized balance sheet.
Sponsored
_________________________________
What's Your Number...?
Here's a question most people 5y from retirement can't answer: at your current savings rate, how much do you need, and how long will it actually last? A good advisor can put a date on that in a single meeting. SmartAsset's free quiz matches you with up to three fiduciary advisors serving your area, so you can get YOUR retirement number now (sponsor)
__________________________________________
Investors should watch whether the branch closures proceed on schedule and whether Q4 is the quarter the cost savings begin to show up in reported results. The margin and capital trends are constructive, but the restructuring execution will be the main story for the back half of 2026.
Mentioned: GSBC