Overview
Great Southern Q3 EPS of $1.56 beats analyst expectations
Net income for Q3 rises to $17.8 mln, exceeding analyst estimates
Net interest income increased 5.8% to $50.8 mln, driven by lower interest expenses
Outlook
The company did not provide specific financial guidance for future periods in the press release.
Result Drivers
INTEREST EXPENSE MANAGEMENT - Net interest income rose due to lower interest expenses on deposits and borrowings
ASSET QUALITY IMPROVEMENT - Non-performing assets and potential problem loans decreased significantly
EXPENSE MANAGEMENT - Operating discipline maintained despite higher legal and professional fees
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | Beat | $1.56 | $1.48 (2 Analysts) |
Q3 Net Income | Beat | $17.75 mln | $16.86 mln (2 Analysts) |
Q3 Net Interest Income | $50.77 mln | ||
Q3 Provision (credit) for credit losses on loans and unfunded commitments | -$379,000 |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Great Southern Bancorp Inc is $63.50, about 2% above its October 15 closing price of $62.26
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago
Press Release: ID:nGNX87JGC6
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)