Springfield, MO

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Great Southern Bancorp reports increased earnings in Q2

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Springfield-based Great Southern Bancorp Inc. (NASDAQ: GSBC) released today its second quarter earnings report of $5.8 million net income, with 35 cents per diluted share.

Comparatively, the holding company for Great Southern Bank announced results of $3.1 million, or 17 cents per diluted share, in the same quarter of 2009.

Net interest income was also up. The company reported a figure of $27.1 million compared to $21.5 million in Q2 2009.

President and CEO Joseph Turner noted the bank's success in a time when success is hard to come by.

“Even as the economic environment continues to be difficult and customer loan demand weak, we are pleased with our second quarter earnings," he said in the release. "Net interest income was up $5.6 million from a year ago with lower deposit rates primarily driving the increase."

Great Southern is based out of Springfield but also has banking centers throughout other Missouri communities, along with locations in Arkansas, Iowa, Kansas and Nebraska. The company has 73 retail banking centers in total, according to its Web site.
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