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Stock impact report

Great Southern Bancorp, Inc. Reports Preliminary First Quarter Earnings of $1.04 Per Diluted Common Share

Great Southern Bancorp, Inc. (GSBC) 
Last great southern bancorp, inc. earnings: 4/20 07:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
Preliminary Financial Results and Other Matters for the Quarter Ended March 31, 2020: Significant Unusual Income or Expense Items: During the three months ended March 31, 2020, Great Southern Bancorp, Inc. (the Company) recognized the following items:• On March 2, 2020, the Company and its swap counterparty mutually agreed to terminate the Company’s $400 million notional interest rate swap, effective immediately.  The Company received a payment of $45.9 million, including accrued but unpaid interest, from its swap counterparty as a result of this termination.  This $45.9 million, less the accrued interest portion and net of deferred income taxes, is reflected in the Company’s stockholders’ equity as Accumulated Other Comprehensive Income and a portion of it will be accreted to interest income on loans monthly through the original contractual termination date of October 6, 2025.• The Company recorded an increase in Salaries and Employee Benefits expense totaling $1.1 million rel Show less Read more
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