Company Profile
- Founded in 1923 and based in Springfield, MO, Great Southern Bancorp, Inc. (NASDAQ: GSBC) (“Great Southern” or “the company”) is the holding company for Great Southern Bank (“the bank”). The bank’s depository operations are primarily conducted in MO and certain contiguous states, but also in MN and NE. It has the #1 deposit share within the Springfield MSA.
- CEO Joseph Turner and family members control 18% of the company’s common stock outstanding.
- GSBC’s strategic focus has encompassed loan portfolio diversification through opening LPOs in various geographical markets, including Atlanta, Charlotte, Chicago, Dallas, Denver, and Phoenix. Investor CRE loans constitute 68% of total loans, with multifamily exposures comprising the largest portion.
- The company’s revenues are largely connected to its lending operations; fee income is predominantly generated from its various deposit activities.