# Great Southern Bancorp, Inc. Posts $1.27 Q3 EPS After Noncash Hedge Charge

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/37963
Published: 2026-10-22T14:36:37.000Z
Updated: 2026-10-22T14:36:37.000Z
Section: Business

> The preliminary result included a $3.5 million pretax noncash adjustment that the company expects to recover through interest income over the swaps’ remaining lives.

Great Southern Bancorp, Inc. posted preliminary diluted earnings of $1.27 per share in the third quarter, as a noncash hedge-accounting adjustment reduced earnings by about $0.23 per diluted share after taxes.

Net income was $14 million for the quarter ended Sept. 30, compared with $17.8 million a year earlier. Net interest income totaled $50.3 million, while noninterest income was $3.4 million.

During the third quarter, the company identified historical periods when qualifying variable-rate loan balances were insufficient to support the full designated notional amount of its interest-rate swaps. The resulting hedge-accounting adjustment was about $3.5 million before taxes. Great Southern expects to recover the amount through interest income over the swaps’ remaining lives.

“Excluding this non-cash adjustment, net income was $16.5 million, or $1.50 per diluted common share,” President and CEO Joseph W. Turner said.

A call on the preliminary results is set for 3 p.m. ET (19:00 UTC) Thursday, Oct. 22.