Great Southern (GSBC) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 15, 2026 astatine 9:54 AM CDT 21 min read

Image source: The Motley Fool.

Thursday, Jan. 22, 2026 astatine 3 p.m. ET

• President and Chief Executive Officer — Joseph W. Turner

• Senior Vice President, Chief Financial Officer — Rex A. Copeland

Joseph Turner: Okay. Thanks, Christina, and bully day to everybody connected the call. We admit you joining america today. Our 4th fourth and afloat twelvemonth 2025 results bespeak the sustained occurrence of our halfway banking operations and our committedness to semipermanent tangible publication worth appreciation contempt a volatile economical environment. Throughout the year, we stay focused connected preserving nett involvement margin, protecting recognition quality, controlling noninterest disbursal and opportunistically repurchasing our stock. For the 4th quarter, we reported nett income of $16.3 cardinal oregon $1.45 per diluted communal stock compared to $14.9 cardinal oregon $1.27 per diluted communal stock successful the twelvemonth agone quarter.

For the afloat year, nett involvement income totaled $71 cardinal -- nett income, I'm sorry, totaled $71 cardinal oregon $6.19 per diluted communal share. These results hap due to the fact that of resilient nett involvement income, beardown plus quality, and prudent plus liability absorption contempt ongoing indebtedness and deposit contention and cardinal economical pressures. Net involvement income for the 2025 4th fourth totaled $49.2 million, which was a alteration of $371,000 oregon 0.7% compared to the anterior twelvemonth quarter. As you'll recall, we did suffer the income from our terminated swap during the 4th quarter. We mislaid astir of that income and the quarterly income had been $2 million. So that's the superior crushed for the tiny decline.

Additionally, we person little indebtedness balances, which resulted successful immoderate little involvement income. But contempt those factors, effectual absorption of backing costs reduced involvement disbursal and mostly offset the alteration successful involvement income. This resulted successful nett involvement borderline expansion. Our borderline grew from 3.70% this quarter, 3.7% from 3.49% successful the twelvemonth agone quarter. Core deposits remained comparatively stable, reflecting continued lawsuit engagement and the underlying spot of our relationship-based banking model. Net loans receivable totaled $4.36 cardinal astatine year-end, representing a diminution of $333.5 cardinal oregon 7.1% from wherever they were a twelvemonth ago. We had declines successful multifamily residential, commercialized construction, one- to four-family and commercialized business.

The alteration chiefly reflects elevated payoff enactment arsenic superior markets person eased during the year. Though indebtedness accumulation remained active, we proceed to support a blimpish underwriting posture focusing connected pricing operation and borrower stream. Additionally, operation lending remained dependable done the 4th and the afloat twelvemonth into 2025, supported by a coagulated level of unfunded commitments. On the backing side, full deposits decreased $122.8 cardinal oregon 2.7%. This truly was astir exclusively successful the brokered class that class declined $108.7 million.