Great Southern Reports 2Q Earnings Growth
by July 19, 2004 12:00 am 47 views
Great Southern Bancorp Inc. said its preliminary earnings for the second quarter, which ended June 30, were $6.69 million, or 48 cents per a diluted share, up 15 percent from $5.81 million or 42 cents a diluted share for the same period in 2003.
The bank also said that for the second quarter, annualized return on average equity (ROE) was 21 percent and annualized return on average assets (ROA) was 1.62 percent.
Stockholders’ equity at the end of the quarter was $125.6 million, or 7.4 percent of total assets, equivalent to a book value of $9.17 per share.
Loan growth from the first quarter was up $49 million Joseph W. Turner, president and CEO of Great Southern, said in a statement.
“This loan growth has come from our customer base in the southwest and central Missouri market region, as well as loan offices in Kansas City and Northwest Arkansas,” he said.
Great Southern reported year-end operating earnings per share of $3.25, compared with earnings per share of $2.97 for 2002. Preliminary operating earnings per share for the fourth quarter of 2003 were 79 cents, up 2 cents from 2002.
Great Southern Bancorp Inc. is the holding company for Great Southern Bank, which opened a 1,500-SF Rogers loan production facility in September. The firm is based in Springfield, Mo.