Great Southern Bancorp (GSBC) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened with a welcome, introduction of the board of directors, and recognition of their expertise and contributions.

• Leadership emphasized the company's core values, commitment to ethical standards, and appreciation for associates.

Financial performance review

• Total assets grew to $6.0 billion at 2024 year-end and remained stable in Q1 2025.

• 2024 net income was $61.8 million ($5.26 per share), down from $67.8 million in 2023; Q1 2025 net income rose to $17.2 million ($1.47 per share).

• Net interest margin was 3.42% at 2024 year-end, improving to 3.57% in Q1 2025.

• Deposits decreased by $116.2 million in 2024 but increased by $152.5 million in Q1 2025.

• Tangible common equity ratio improved to 10.1% as of March 31, 2025.

Board and executive committee updates

• Amy Counts joined the board in January 2024, bringing expertise in the St. Louis market.

• The board consists of experienced professionals from diverse backgrounds, supporting strategic direction.