Great Southern Bancorp Full Year 2023 Earnings: EPS Misses Expectations
Great Southern Bancorp (NASDAQ:GSBC) Full Year 2023 Results
Key Financial Results
Revenue: US$226.4m (flat on FY 2022).
Net income: US$67.8m (down 11% from FY 2022).
Profit margin: 30% (down from 33% in FY 2022).
EPS: US$5.65 (down from US$6.07 in FY 2022).
GSBC Banking Performance Indicators
Net interest margin (NIM): 3.57% (down from 3.80% in FY 2022).
Cost-to-income ratio: 63.2% (up from 57.1% in FY 2022).
Non-performing loans: 0.25% (up from 0.08% in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Great Southern Bancorp EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.1%.
In the last 12 months, the only revenue segment was Banking Operation contributing US$226.4m. The largest operating expense was General & Administrative costs, amounting to US$123.8m (78% of total expenses). Explore how GSBC's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 1.2% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Great Southern Bancorp has 1 warning sign we think you should be aware of.
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