Great Southern
Bancorp Inc. (Nasdaq: GSBC) recorded second-quarter net income
available to common shareholders of $11.9 million, an 8.7 percent bump
compared to $10.9 million in the same quarter a year ago.
Diluted share earnings for the Springfield-based holding company of Great Southern Bank moved up 6 cents to 85 cents during the three-month period ended June 30, according to a news release.
“Continuing
the trend from the first quarter, earnings were driven by strong loan
growth throughout the company’s eight-state footprint and in most loan
types,” Great Southern President and CEO Joe Turner said
in the release, pointing to loan growth of $207 million in the first six
months of the year - excluding acquired and mortgage loans.
Second-quarter financial notes:
Great Southern opened its first Columbia branch on April 20.
It’s also renovating a 20,000-square-foot office building in Overland
Park, Kan., that will serve as the company’s Kansas City commercial and
retail loan headquarters and also include a branch. Completion is slated
for September.
During the quarter, the company sold vacant land in Iowa for
$327,000. The land was acquired as part of its 2014 Federal Deposit
Insurance Corp.-assisted purchase of Moline, Ill.-based Valley Bank.
Net interest income grew 5 percent to $42 million.
Great Southern’s assets were $4.1 billion and deposits were $3.2
billion as of June 30. The company operates over 100 offices in eight
states, according to the release.
GSBC shares were trading at
$42.14 as of 9:13 a.m., near its 52-week high of $42.99 set July 16. The
stock’s 52-week low is $29.53.
A safe room and classroom addition at Willard Central Elementary School will be used by the music, arts and athletic programs for a district that had 4,536 students last year, according to Missouri Department of Elementary and Secondary Education figures, but school officials say enrollment is projected to grow.