Great Southern Bancorp, Inc. (NASDAQ:GSBC), the holding company for
Great Southern Bank, expects to report first quarter 2021
preliminary earnings after the market closes on Wednesday, April
21, 2021, and host a conference call on Thursday, April 22, 2021,
at 2:00 p.m. Central Time (3:00 p.m. Eastern Time).
Individuals interested in listening to the conference call may
dial 1.833.832.5121 and enter the passcode 3719233. The call will
be available live or in a recorded version at the Company’s
Investor Relations website,
https://investors.greatsouthernbank.com.
The Company will notify the public that first quarter 2021
results have been issued through a news release and will post the
results to the Company’s Investor Relations website. The earnings
release will also be available on the Securities and Exchange
Commission’s (SEC) website, www.sec.gov, as an exhibit to a Current
Report on Form 8-K that will be furnished by the Company to the
SEC.
With total assets of $5.5 billion, Great Southern offers a broad
range of banking services to commercial and consumer customers.
Headquartered in Springfield, Missouri, the Company operates 94
retail banking centers in Missouri, Iowa, Kansas, Minnesota,
Arkansas and Nebraska, and commercial loan production offices in
Atlanta, Chicago, Dallas, Denver, Omaha, Nebraska, and Tulsa,
Oklahoma. Great Southern Bancorp is a public company and its common
stock (ticker: GSBC) is listed on the NASDAQ Global Select
Market.
www.GreatSouthernBank.com
Forward-Looking Statements
When used in this press release and in other documents filed or
furnished by Great Southern Bancorp, Inc. (the “Company”) with the
Securities and Exchange Commission (the "SEC"), in the Company's
other press releases or other public or stockholder communications,
and in oral statements made with the approval of an authorized
executive officer, the words or phrases “may,” “might,” “could,”
“should,” "will likely result," "are expected to," "will continue,"
"is anticipated," “believe,” "estimate," "project," "intends" or
similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements also include, but
are not limited to, statements regarding plans, objectives,
expectations or consequences of announced transactions, known
trends and statements about future performance, operations,
products and services of the Company. The Company’s ability to
predict results or the actual effects of future plans or strategies
is inherently uncertain, and the Company’s actual results could
differ materially from those contained in the forward-looking
statements. The novel coronavirus disease, or COVID-19, pandemic is
adversely affecting the Company, its customers, counterparties,
employees, and third-party service providers, and the ultimate
extent of the impacts on the Company’s business, financial
position, results of operations, liquidity, and prospects is
uncertain. Continued deterioration in general business and economic
conditions, including further increases in unemployment rates, or
turbulence in domestic or global financial markets could adversely
affect the Company’s revenues and the values of its assets and
liabilities, reduce the availability of funding, lead to a
tightening of credit, and further increase stock price volatility.
In addition, changes to statutes, regulations, or regulatory
policies or practices as a result of, or in response to, COVID-19,
could affect the Company in substantial and unpredictable ways.
Other factors that could cause or contribute to such differences
include, but are not limited to: (i) expected revenues, cost
savings, earnings accretion, synergies and other benefits from the
Company's merger and acquisition activities might not be realized
within the anticipated time frames or at all, and costs or
difficulties relating to integration matters, including but not
limited to customer and employee retention, might be greater than
expected; (ii) changes in economic conditions, either nationally or
in the Company's market areas; (iii) fluctuations in interest
rates; (iv) the risks of lending and investing activities,
including changes in the level and direction of loan delinquencies
and write-offs and changes in estimates of the adequacy of the
allowance for loan losses; (v) the possibility of
other-than-temporary impairments of securities held in the
Company's securities portfolio; (vi) the Company's ability to
access cost-effective funding; (vii) fluctuations in real estate
values and both residential and commercial real estate market
conditions; (viii) the ability to adapt successfully to
technological changes to meet customers' needs and developments in
the marketplace; (ix) the possibility that security measures
implemented might not be sufficient to mitigate the risk of a
cyber-attack or cyber theft, and that such security measures might
not protect against systems failures or interruptions; (x)
legislative or regulatory changes that adversely affect the
Company's business, including, without limitation, the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 and its
implementing regulations, the overdraft protection regulations and
customers' responses thereto and the Tax Cut and Jobs Act; (xi)
changes in accounting policies and practices or accounting
standards, including Accounting Standards Update 2016-13, Credit
Losses (Topic 326), “Measurement of Credit Losses on Financial
Instruments,” commonly referenced as the Current Expected Credit
Loss model, which, upon adoption, resulted in an increase in the
Company’s allowance for credit losses; (xii) monetary and fiscal
policies of the Federal Reserve Board and the U.S. Government and
other governmental initiatives affecting the financial services
industry; (xiii) results of examinations of the Company and Great
Southern Bank by their regulators, including the possibility that
the regulators may, among other things, require the Company to
limit its business activities, change its business mix, increase
its allowance for loan losses, write-down assets or increase its
capital levels, or affect its ability to borrow funds or maintain
or increase deposits, which could adversely affect its liquidity
and earnings; (xiv) costs and effects of litigation, including
settlements and judgments; (xv) competition; (xvi) uncertainty
regarding the future of LIBOR; and (xvii) natural disasters, war,
terrorist activities or civil unrest and their effects on economic
and business environments in which the Company operates. The
Company wishes to advise readers that the factors listed above and
other risks described from time to time in documents filed or
furnished by the Company with the SEC could affect the Company's
financial performance and could cause the Company's actual results
for future periods to differ materially from any opinions or
statements expressed with respect to future periods in any current
statements.
The Company does not undertake-and specifically declines any
obligation- to publicly release the result of any revisions which
may be made to any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events.
Reporters May Contact:
Kelly Polonus, Great Southern Bank, (417) 895-5242
kpolonus@greatsouthernbank.com
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