YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Net income for the third quarter totaled $7.3 million, or 54 cents per diluted share, down 8.8 percent from the $8 million in third-quarter 2006.
Net interest income for the third quarter totaled $17.93 million, up from $17.87 million in third-quarter 2006. For the year to-date, net income is up 3.8 percent to $53.6 million.
Total deposits, excluding brokered and national certificates of deposit, increased $156 million, or 17 percent, since the beginning of the year, while loans increased $93 million, or 5 percent.
“Despite the challenging operating environment, growth in loans and core deposits continued at a healthy pace in the third quarter,” said Great Southern President and CEO Joseph W. Turner in a news release. He said nonperforming assets increased during the quarter, and while a portion of those problem credits were residential construction and development loans, they were not loans made to subprime consumers.
Company shares (Nasdaq: GSBC) closed Wednesday at $25.48, compared to a 52-week range of $23.67 to $32.14.[[In-content Ad]]
While a disruption in international trade has the capacity to hurt local farmers and ranchers, beef producers are having a good go of things at the moment.
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