Great Southern Bancorp, Inc. announces quarterly dividend
June 20 2018 - 11:58AM
The Board of Directors of Great Southern Bancorp, Inc.
(NASDAQ:GSBC), the holding company for Great Southern Bank,
declared a $0.28 per common share dividend for the second quarter
of the calendar year ending December 31, 2018.
The dividend will be payable on July 17, 2018, to shareholders
of record on July 2, 2018. This dividend represents the 114th
consecutive dividend paid by the Company to common
shareholders.
With total assets of $4.4 billion, Great Southern offers a broad
range of banking services to commercial and consumer customers.
Headquartered in Springfield, Mo., the Company operates 104 retail
banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and
Nebraska, and commercial loan production offices in Chicago, Dallas
and Tulsa, Okla. 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 StatementsWhen used in this
press release and in other documents filed or furnished by the
Company with the Securities and Exchange Commission (the "SEC"), in
the Company's 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 "will likely
result," "are expected to," "will continue," "is anticipated,"
"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.
Such statements are subject to certain risks and uncertainties,
including, among other things, (i) the possibility that the amounts
of any pre-tax gain and the changes in non-interest income,
non-interest expense and interest expense actually resulting from
the Bank's pending transaction with West Gate Bank might be
materially different from estimated amounts; (ii) the possibility
that the actual reduction in the Company’s effective tax rate
expected to result from H. R. 1, formerly known as the “Tax Cuts
and Jobs Act” (the “Tax Reform Legislation”) might be different
from the reduction estimated by the Company; (iii) 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; (iv) changes in economic
conditions, either nationally or in the Company's market areas; (v)
fluctuations in interest rates; (vi) 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; (vii) the
possibility of other-than-temporary impairments of securities held
in the Company's securities portfolio; (viii) the Company's ability
to access cost-effective funding; (ix) fluctuations in real estate
values and both residential and commercial real estate market
conditions; (x) demand for loans and deposits in the Company's
market areas; (xi) the ability to adapt successfully to
technological changes to meet customers' needs and developments in
the marketplace; (xii) 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; (xiii)
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 Reform Legislation; (xiv)
changes in accounting principles, policies or guidelines; (xv)
monetary and fiscal policies of the Federal Reserve Board and the
U.S. Government and other governmental initiatives affecting the
financial services industry; (xvi) results of examinations of the
Company and the Bank by their regulators, including the possibility
that the regulators may, among other things, require the Company to
limit its business activities, changes 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; (xvii) costs and effects of litigation, including
settlements and judgments; and (xviii) competition. 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)
895-5242kpolonus@greatsouthernbank.com
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