Overview
* Great Southern Q3 EPS of $1.56 beats analyst expectations
* Net income for Q3 rises to $17.8 mln, exceeding analyst estimates
* Net interest income increased 5.8% to $50.8 mln, driven by lower interest expenses
Outlook
* The company did not provide specific financial guidance for future periods in the press release.
Result Drivers
* INTEREST EXPENSE MANAGEMENT - Net interest income rose due to lower interest expenses on deposits and borrowings
* ASSET QUALITY IMPROVEMENT - Non-performing assets and potential problem loans decreased significantly
* EXPENSE MANAGEMENT - Operating discipline maintained despite higher legal and professional fees
Key Details
Metric Beat/Miss Actual
Consensus
Estimate
Q3 EPS Beat $1.56 $1.48 (2
Analysts)
Q3 Net Beat $17.75 $16.86
Income mln mln (2
Analysts)
Q3 Net $50.77
Interest mln
Income
Q3 -$379,000
Provision
(credit)
for credit
losses on
loans and
unfunded
commitment
s
Analyst Coverage
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the banks peer group is "buy."
* Wall Street's median 12-month price target for Great Southern Bancorp Inc ( GSBC ) is $63.50, about 2% above its October 15 closing price of $62.26
* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)