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Revenue: US$214.3m (down 5.3% from FY 2023).
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Net income: US$61.8m (down 8.8% from FY 2023).
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Profit margin: 29% (down from 30% in FY 2023). The decrease in margin was driven by lower revenue.
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EPS: US$5.29 (down from US$5.65 in FY 2023).
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Net interest margin (NIM): 3.42% (down from 3.57% in FY 2023).
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Cost-to-income ratio: 64.4% (up from 63.2% in FY 2023).
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Non-performing loans: 0.08% (down from 0.25% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company’s shares are down 3.2% from a week ago.
You should learn about the 1 warning sign we’ve spotted with Great Southern Bancorp.
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