Great Southern Bancorp Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported interest income of $49,943,000 against $44,744,000 a year ago. Net interest income was $41,212,000 against $37,901,000 a year ago. Income before income taxes was $16,806,000 against $23,380,000 a year ago. Net income and net income available to common shareholders was $13,839,000 against $16,176,000 a year ago. Diluted earnings per share were $0.97 against $1.14 a year ago. Annualized return on average common equity was 11.32%, annualized return on average assets was 1.23% compared to 14.37%, 1.45% respectively a year ago. Book value was $34.69 against $32.32 a year ago.

For the six months, the company reported interest income of $96,826,000 against $90,157,000 a year ago. Net interest income was $80,651,000 against $76,602,000 a year ago. Income before income taxes was $32,917,000 against $38,957,000 a year ago. Net income and net income available to common shareholders was $27,305,000 against $27,695,000 a year ago. Diluted earnings per share were $1.91 against $1.95 a year ago. Annualized return on average common equity was 11.27%; annualized return on average assets was 1.23% compared to 12.46% and 1.24% respectively, for the six months ended June 30, 2017. Book value at June 30, 2018 was $34.69 against $32.32 at June 30, 2017.

For the quarter, the company reported total net charge-offs were $0.704 million against $2.4 million a year ago.


The company currently expects its effective tax rate (combined federal and state) to decrease from approximately 26.7% in 2017 to approximately 16.5% to 18.5% in 2018, mainly as a result of the Act.