Great Southern Bancorp Inc

Great Southern Bancorp announced that the consolidation of nine banking centers and related workforce reductions are expected to generate approximately $4.4 million to $4.8 million in noninterest expense savings beginning in the fourth quarter of 2026. CFO Rex Copeland said the restructuring is also projected to yield about $2.3 million to $2.7 million in annual pretax income improvement. The company reported second-quarter net income of $15.8 million, or $1.43 per diluted share, which included $2.1 million in one-time branch consolidation and severance costs. Excluding those items, noninterest expense was $36.1 million, and the net interest margin stood at 3.76%. CEO Joseph Turner described the operating environment as highly competitive and declined to provide formal guidance, while Copeland characterized the margin outlook as leaning toward stable.

Great Southern Bancorp declared a quarterly dividend of $0.43 per share, in line with the previous payout. The forward yield is 2.35%. The dividend is payable July 14 to shareholders of record as of June 29, with the ex-dividend date also on June 29. The company has now announced a dividend of $0.43 for four consecutive quarters.