Great Southern Bancorp, Inc. announces quarterly dividend
December 16 2020 - 12:03PM
The Board of Directors of Great Southern Bancorp, Inc.
(NASDAQ:GSBC), the holding company for Great Southern Bank,
declared a $0.34 per common share dividend for the fourth quarter
of the calendar year ending December 31, 2020.
The dividend will be payable on January 12, 2021, to
shareholders of record on December 28, 2020. This dividend
represents the 124th consecutive quarterly dividend paid by the
Company to common shareholders.
With total assets of $5.4 billion, Great Southern offers a broad
range of banking services to commercial and consumer customers.
Headquartered in Springfield, Mo., the Company operates 94 retail
banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and
Nebraska, and commercial loan production offices in Atlanta,
Chicago, Dallas, Denver, Omaha, Neb., 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 Statements
When used in this press release and in other documents filed or
furnished by Great Southern Bancorp, Inc. (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 “may,” “might,” “could,”
“should,” "will likely result," "are expected to," "will continue,"
"is anticipated," “believe,” "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. Forward-looking statements also include, but
are not limited to, statements regarding plans, objectives,
expectations or consequences of announced transactions, known
trends and statements about future performance, operations,
products and services of the Company. The Company’s ability to
predict results or the actual effects of future plans or strategies
is inherently uncertain, and the Company’s actual results could
differ materially from those contained in the forward-looking
statements. The novel coronavirus disease, or COVID-19, pandemic is
adversely affecting the Company, its customers, counterparties,
employees, and third-party service providers, and the ultimate
extent of the impacts on the Company’s business, financial
position, results of operations, liquidity, and prospects is
uncertain. Continued deterioration in general business and economic
conditions, including further increases in unemployment rates, or
turbulence in domestic or global financial markets could adversely
affect the Company’s revenues and the values of its assets and
liabilities, reduce the availability of funding, lead to a
tightening of credit, and further increase stock price volatility.
In addition, changes to statutes, regulations, or regulatory
policies or practices as a result of, or in response to, COVID-19,
could affect the Company in substantial and unpredictable ways.
Other factors that could cause or contribute to such differences
include, but are not limited to: (i) 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; (ii) changes in economic conditions, either nationally or
in the Company's market areas; (iii) fluctuations in interest
rates; (iv) 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; (v) the possibility of
other-than-temporary impairments of securities held in the
Company's securities portfolio; (vi) the Company's ability to
access cost-effective funding; (vii) fluctuations in real estate
values and both residential and commercial real estate market
conditions; (viii) the ability to adapt successfully to
technological changes to meet customers' needs and developments in
the marketplace; (ix) 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; (x)
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 Cut and Jobs Act; (xi)
changes in accounting policies and practices or accounting
standards, including Accounting Standards Update 2016-13, Credit
Losses (Topic 326), “Measurement of Credit Losses on Financial
Instruments,” commonly referenced as the Current Expected Credit
Loss model, which, upon adoption, is expected to result in an
increase in the Company’s allowance for credit losses; (xii)
monetary and fiscal policies of the Federal Reserve Board and the
U.S. Government and other governmental initiatives affecting the
financial services industry; (xiii) results of examinations of the
Company and Great Southern Bank by their regulators, including the
possibility that the regulators may, among other things, require
the Company to limit its business activities, change 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; (xiv) costs and effects of litigation,
including settlements and judgments; (xv) competition; (xvi)
uncertainty regarding the future of LIBOR; and (xvii) natural
disasters, war, terrorist activities or civil unrest and their
effects on economic and business environments in which the Company
operates. 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.
Reporters May Contact:
Kelly Polonus, Great Southern Bank, (417) 895-5242
kpolonus@greatsouthernbank.com
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