Great Southern Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides SBLF Preferred Stock Dividend Guidance for First Quarter of 2013
January 24, 2013 at 07:00 am EST
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Great Southern Bancorp Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported interest income was $50,451,000 compared to $50,518,000 for the same period a year ago. Net interest income was $44,627,000 compared to $42,228,000 for the same period a year ago. Income before income taxes was $8,555,000 compared to $11,385,000 for the same period a year ago. Net Income from continuing operations was $8,379,000 compared to $11,945,000 for the same period a year ago. Net income was $12,449,000 compared to $12,033,000 for the same period a year ago. Net income available to common shareholders was $12,281,000 compared to $11,660,000 for the same period a year ago. Diluted earnings per share $0.90 compared to $0.85 for the same period a year ago. Earnings from continuing operations per diluted common share were $0.60 compared to $0.85 for the same period a year ago.
For the full year, the company reported interest income was $193,508,000 compared to $198,667,000 for the same period a year ago. Net interest income was $165,131,000 compared to $163,521,000 for the same period a year ago. Income before income taxes was $54,710,000 compared to $34,840,000 for the same period a year ago. Net Income from continuing operations was $44,087,000 compared to $29,657,000 for the same period a year ago. Net income was $48,706,000 compared to $30,269,000 for the same period a year ago. Net income available to common shareholders was $48,098,000 compared to $26,259,000 for the same period a year ago. Diluted earnings per share $3.54 compared to $1.93 for the same period a year ago. Earnings from continuing operations per diluted common share were $3.21 compared to $1.89 for the same period a year ago.
The company also announced that dividend rate on the SBLF preferred stock for the fourth quarter of 2012 was 1.2% and the Company currently expects the dividend rate for the first quarter of 2013 to be approximately 1.0%.
Great Southern Bancorp, Inc. is a bank holding company of Great Southern Bank (the Bank). The Company conducts its business as a financial holding company. Through the Bank and subsidiaries of the Bank, the Company primarily offers a variety of banking and banking-related services. The Bank offers a range of banking services through its 89 banking centers located in southern and central Missouri; the Kansas City, Missouri area; the St. Louis area; eastern Kansas; northwestern Arkansas; the Minneapolis area and eastern, western and central Iowa. The Company operates through a single segment, banking operation. The banking operation segment is principally engaged in the business of originating residential and commercial real estate loans, construction loans, commercial business loans and consumer loans and funding these loans by attracting deposits from the general public, accepting brokered deposits and borrowing from the Federal Home Loan Bank and others.
Great Southern Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides SBLF Preferred Stock Dividend Guidance for First Quarter of 2013