Great Southern's profits drop in 2024

Despite an increase in the final quarter of 2024, Great Southern Bancorp Inc.'s (Nasdaq: GSBC) annual profits were down.

The Springfield-based operator of Great Southern Bank reported $61.8 million in annual net income, an 8.9% decrease from $67.8 million in 2023, according to a news release.

"Our performance for the full year 2024 highlights the resilience of our business model and our disciplined approach to navigating a complex economic and banking environment," Great Southern President and CEO Joe Turner said in the release. "While the year-over-year earnings reflect a modest decline, they underscore our ability to balance costs, maintain robust asset quality and consistently deliver value to our shareholders."

For the fourth quarter, Great Southern's profits rose 13.5% to $14.9 million from $13.1 million a year earlier.

As of Dec. 31, Great Southern's assets were roughly $6 billion and deposits were $4.6 billion, according to the release.

GSBC shares were trading at $59.24 as of 10:02 a.m., compared with a 52-week range of $48.19 to $68.02 per share.