Great Southern Bancorp Inc (NASDAQ: GSBC) is a regional banking company that operates through its subsidiary Great Southern Bank, accepting deposits and originating loans across a six-state Midwest footprint. It earns money primarily on the spread between interest collected on loans and investment securities and interest paid on deposits and borrowings. Total interest income was $313.7 million in FY2025, down from $324.7 million in FY2024, with loans generating $285.5 million of that total. Net interest income was $200.2 million in FY2025. The bank competes against large regional and national institutions as well as numerous community banks. In Missouri, its primary market, Great Southern held a 1.3% deposit market share as of June 30, 2025, ranking tenth in the state, behind UMB Bank, U.S. Bank, and Bank of America, which together controlled 30.2% of Missouri deposits. Commercial real estate lending is a material concentration, with total commercial real estate loans exceeding the 300% supervisory threshold relative to tier 1 regulatory capital as of December 31, 2025.

Revenue model

Net interest income from the spread between loan and investment yields and deposit and borrowing costs. Interest income on loans was $285.5 million in FY2025; interest expense on deposits was $94.1 million in FY2025. Additional funding costs include subordinated debentures ($25.8 million outstanding, 5.72% weighted average rate as of December 31, 2025) and subordinated notes.

Products and services

Deposit accounts, commercial real estate loans, multi-family residential loans, non-owner occupied nonresidential loans, construction and land development loans, consumer loans, investment securities. Subsidiaries include GSSC LLC (state tax credit investments), GSRE Holding LLC and related entities (foreclosed real estate management).

Customers and end markets

Retail and commercial deposit customers in Midwest communities served by branch offices. Commercial borrowers with concentration in commercial real estate, including multi-family and non-owner occupied nonresidential segments. Markets include Springfield MO, St. Louis, and other Midwest metros.

Value-chain role

Community and regional bank. Accepts retail and commercial deposits and deploys capital into loans and investment securities. Holds foreclosed real estate through subsidiary entities pending disposition.

Geographic exposure

Six-state retail footprint: Missouri (approximately 75.8% of deposit franchise dollars as of end of 2025), Iowa (approximately 14.5%), Kansas (approximately 6.2%), Minnesota (approximately 2.5%), Arkansas (less than stated threshold), and Nebraska. Headquartered in Springfield, Missouri.

Competitors

UMB Bank, U.S. Bank, Bank of America, Regional community banks across Missouri and surrounding states

Source: SEC 10-K, filed 2026-03-06

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