The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.11 and a low debt-to-equity ratio of 0.64, providing a buffer against potential volatility in its $5.3 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Jun'97 | Jun'96 | Jun'95 |
|---|
| Cash & Short Term Investments | 2.16B | 661.99M | 729.13M | 689.54M | 659.11M | 1.22B | 978.66M | 594.33M | 446.71M | 421.43M | 493.64M | 462.04M | 584.15M | 783.21M | 1.21B | 1.21B | 429.97M | 444.58M | 167.92M | 80.53M | 133.15M | 117.73M | 93.21M | 74.81M | 55.87M | 35.12M | 40.1M | 43.6M | 45.8M | 32.5M | 29.6M |
| Cash & Due from Banks | 101.41M | 189.55M | 195.76M | 211.33M | 168.52M | 717.27M | 563.73M | 220.16M | 202.74M | 242.25M | 279.77M | 199.18M | 218.65M | 227.93M | 403.8M | 336.48M | 429.97M | 444.58M | 167.92M | 80.53M | 133.15M | 117.73M | 93.21M | 74.81M | 55.87M | 35.12M | 40.1M | 43.6M | 45.8M | 32.5M | 29.6M |
| Short Term Investments | 0 | 472.43M | 533.37M | 478.21M | 490.59M | 501.03M | 414.93M | 374.18M | 243.97M | 179.18M | 213.87M | 262.86M | 365.51M | 555.28M | 807.01M | 875.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 5.28B | 5.07B | 5.42B | 5.27B | 5.2B | 4.52B | 4.73B | 4.54B | 4.23B | 3.91B | 3.99B | 3.62B | 3.42B | 3B | 3.15B | 3.03B | 2.67B | 2.87B | 2.37B | 2.25B | 2.02B | 1.88B | 1.69B | 1.41B | 1.29B | 1.24B | 1.04B | 884.3M | 711.9M | 640.9M | 600.6M |
| Investments Growth % | -16.97% | -6.49% | 2.84% | 1.23% | 15.22% | -4.49% | 4.23% | 7.15% | 8.2% | -1.92% | 10.36% | 5.75% | 13.87% | -4.8% | 4.09% | 13.49% | -7.03% | 21.14% | 5.53% | 11.2% | 7.18% | 11.46% | 20.13% | 9.42% | 4.07% | 18.3% | 18.17% | 24.22% | 11.08% | 6.71% | 5.48% |
| Long-Term Investments | 19.35B | 4.59B | 4.88B | 4.79B | 4.71B | 4.02B | 4.31B | 4.16B | 3.99B | 3.73B | 3.78B | 3.35B | 3.05B | 2.45B | 2.35B | 2.15B | 2.67B | 2.87B | 2.37B | 2.25B | 2.02B | 1.88B | 1.69B | 1.41B | 1.29B | 1.24B | 1.04B | 884.3M | 711.9M | 640.9M | 600.6M |
| Accounts Receivables | 19.72M | 18.07M | 20.43M | 21.21M | 19.11M | 10.71M | 12.79M | 13.53M | 13.45M | 12.34M | 11.88M | 10.93M | 11.22M | 11.41M | 12.76M | 13.85M | 12.63M | 15.58M | 13.29M | 15.44M | 13.59M | 10.84M | 8.06M | 6.94M | 6.57M | 7.21M | 8.91M | 5.9M | 5.9M | 5M | 5.4M |
| Goodwill & Intangibles | 9.55M | 9.66M | 10.09M | 10.53M | 10.81M | 6.08M | 6.94M | 8.1M | 9.29M | 10.85M | 12.5M | 5.76M | 7.51M | 4.58M | 5.81M | 6.93M | 5.39M | 6.22M | 1.69M | 1.91M | 1.4M | 1.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 5.4M | 1.17M | 1.17M | 379K | 379K | 1.26M | 1.25M | 1.25M | 1.25M | 1.25M | 774K | 672K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.16M | 4.26M | 4.7M | 5.13M | 5.42M | 685K | 1.55M | 2.7M | 3.89M | 5.45M | 7.1M | 4.59M | 6.34M | 4.2M | 5.43M | 5.67M | 4.14M | 4.96M | 433K | 655K | 621K | 730K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 132.11M | 133.26M | 132.47M | 138.59M | 141.07M | 132.73M | 139.17M | 141.91M | 132.42M | 138.02M | 140.6M | 129.66M | 124.84M | 104.53M | 102.29M | 84.19M | 68.35M | 42.38M | 30.03M | 28.03M | 26.42M | 27.27M | 23.35M | 19.89M | 16.96M | 12.84M | 10.32M | 10M | 9.5M | 7.4M | 6.7M |
| Other Assets | 149.3M | 181.34M | 204.75M | 132.56M | 31.05M | 8.74M | 11.68M | 19M | 20.88M | 33.18M | 58.84M | 71.28M | 107.06M | 136.04M | 196.57M | 229.93M | 172.71M | 194.37M | 40.99M | 57.56M | 45.48M | 38.92M | 29.9M | 31.34M | 36.73M | 31.78M | 16.78M | 11.78M | 21.4M | 22M | 24.7M |
| Total Current Assets | 121.12M | 680.05M | 749.56M | 740.23M | 783.63M | 1.29B | 1.05B | 682.84M | 522.96M | 497.83M | 562.07M | 544.35M | 658.04M | 867.52M | 1.3B | 1.31B | 494.99M | 526.18M | 195.39M | 97.67M | 146.74M | 128.57M | 101.27M | 81.75M | 62.44M | 42.33M | 52.69M | 53.53M | 51.7M | 37.5M | 35M |
| Total Non-Current Assets | 5.57B | 4.92B | 5.23B | 5.07B | 4.9B | 4.16B | 4.47B | 4.33B | 4.15B | 3.92B | 3.99B | 3.56B | 3.29B | 2.69B | 2.65B | 2.48B | 2.92B | 3.11B | 2.46B | 2.33B | 2.09B | 1.95B | 1.74B | 1.46B | 1.34B | 1.28B | 1.08B | 911.27M | 743.4M | 670.3M | 633.1M |
| Total Assets | 5.69B | 5.6B | 5.98B | 5.81B | 5.68B | 5.45B | 5.53B | 5.02B | 4.68B | 4.41B | 4.55B | 4.1B | 3.95B | 3.56B | 3.96B | 3.79B | 3.41B | 3.64B | 2.66B | 2.43B | 2.24B | 2.08B | 1.85B | 1.54B | 1.4B | 1.32B | 1.13B | 964.8M | 795.1M | 707.8M | 668.1M |
| Asset Growth % | -18.21% | -6.4% | 2.91% | 2.32% | 4.23% | -1.38% | 10.2% | 7.25% | 5.93% | -2.99% | 10.88% | 3.87% | 10.98% | -9.99% | 4.36% | 11.09% | -6.31% | 36.89% | 9.38% | 8.54% | 7.65% | 12.76% | 19.79% | 9.84% | 6.01% | 17.07% | 17.14% | 21.34% | 12.33% | 5.94% | 7.34% |
| Return on Assets (ROA) | 1.25% | 1.23% | 1.05% | 1.18% | 1.36% | 1.36% | 1.13% | 1.52% | 1.48% | 1.15% | 1.05% | 1.15% | 1.16% | 0.9% | 1.26% | 0.84% | 0.68% | 2.06% | -0.17% | 1.25% | 1.42% | 1.15% | 1.56% | 1.57% | 1.7% | 1.53% | 1.48% | 1.55% | 1.92% | 1.35% | 1.75% |
| Accounts Payable | 3.25M | 3.61M | 12.76M | 6.22M | 3.01M | 646K | 2.59M | 4.25M | 3.57M | 2.9M | 2.72M | 1.08M | 1.07M | 1.1M | 1.32M | 2.28M | 3.77M | 6.28M | 9.22M | 6.15M | 5.81M | 4.62M | 2.19M | 1.68M | 2.48M | 5.19M | 6.12M | 5.8M | 0 | 0 | 0 |
| Total Debt | 533.63M | 405.17M | 166.34M | 172.81M | 277.98M | 238.32M | 339.86M | 381.48M | 397.59M | 324.1M | 416.79M | 406.8M | 514.01M | 343.8M | 391.11M | 485.85M | 495.55M | 591.91M | 500.03M | 461.52M | 325.9M | 355.05M | 401.63M | 276.58M | 268.49M | 333.67M | 291.57M | 261.7M | 169.6M | 180.6M | 197.3M |
| Net Debt | 432.23M | 215.62M | -29.41M | -38.53M | 109.46M | -478.94M | -223.87M | 161.33M | 194.85M | 81.84M | 137.02M | 207.61M | 295.37M | 115.87M | -12.69M | 149.37M | 65.58M | 147.33M | 332.11M | 380.99M | 192.75M | 237.32M | 308.41M | 201.77M | 212.62M | 298.55M | 251.47M | 218.1M | 123.8M | 148.1M | 167.7M |
| Long-Term Debt | 25.77M | 25.77M | 100.65M | 100.35M | 100.06M | 99.76M | 174.17M | 100.05M | 99.62M | 226.96M | 130.76M | 289.32M | 302.57M | 157.69M | 157.66M | 215.37M | 184.45M | 202.53M | 151.4M | 244.8M | 204.94M | 221.49M | 18.55M | 0 | 0 | 0 | 249.88M | 103.9M | 100.3M | 34.3M | 60.3M |
| Short-Term Debt | 507.86M | 379.39M | 65.69M | 72.45M | 177.93M | 138.56M | 165.69M | 281.43M | 297.98M | 97.14M | 286.02M | 117.48M | 211.44M | 186.11M | 233.46M | 270.49M | 311.1M | 389.38M | 348.63M | 216.72M | 120.96M | 133.56M | 383.08M | 276.58M | 268.49M | 333.67M | 41.7M | 157.8M | 69.3M | 146.3M | 137M |
| Other Liabilities | 4.52B | 70.92M | 597.41M | 263.43M | 107.91M | 16.17M | 7.54M | 41.26M | 5.09M | 5.32M | 4.64M | 4.68M | 4.93M | 3.72M | 2.15M | 1.57M | 1.02M | 1.27M | 334K | 11.05M | 29.22M | 18.43M | 272K | 202K | 4.99M | 295K | 7.41M | 504.63K | 4.7M | 7.6M | 5.9M |
| Total Current Liabilities | 507.86M | 4.87B | 4.68B | 4.88B | 4.94B | 4.72B | 4.71B | 4.27B | 4.04B | 3.71B | 3.99B | 3.41B | 3.22B | 3.02B | 3.43B | 3.25B | 2.92B | 3.12B | 2.27B | 1.99B | 1.83B | 1.69B | 1.69B | 1.42B | 1.29B | 1.24B | 801.84M | 791.5M | 622.7M | 605.6M | 534.1M |
| Total Non-Current Liabilities | 4.55B | 96.7M | 698.06M | 363.79M | 207.96M | 115.92M | 181.71M | 141.31M | 104.71M | 232.28M | 135.41M | 294M | 307.5M | 161.41M | 159.81M | 216.94M | 186.34M | 223.17M | 151.74M | 255.84M | 234.16M | 239.93M | 18.82M | 202K | 4.99M | 295K | 257.29M | 104.4M | 105M | 41.9M | 66.2M |
| Total Liabilities | 5.05B | 4.96B | 5.38B | 5.24B | 5.15B | 4.83B | 4.9B | 4.41B | 4.14B | 3.94B | 4.12B | 3.71B | 3.53B | 3.18B | 3.59B | 3.47B | 3.11B | 3.34B | 2.43B | 2.24B | 2.06B | 1.93B | 1.71B | 1.42B | 1.3B | 1.24B | 1.06B | 895.9M | 727.7M | 647.5M | 600.3M |
| Total Equity | 633.63M | 636.13M | 599.57M | 571.83M | 533.09M | 616.75M | 629.74M | 603.07M | 531.98M | 471.66M | 429.81M | 398.23M | 419.75M | 380.7M | 369.87M | 324.59M | 304.01M | 298.91M | 234.09M | 189.87M | 175.58M | 152.8M | 139.19M | 119.55M | 104.71M | 85.25M | 71.05M | 68.9M | 67.4M | 60.3M | 67.8M |
| Equity Growth % | 22.24% | 6.1% | 4.85% | 7.27% | -13.57% | -2.06% | 4.42% | 13.36% | 12.79% | 9.74% | 7.93% | -5.13% | 10.26% | 2.93% | 13.95% | 6.77% | 1.71% | 27.69% | 23.29% | 8.14% | 14.91% | 9.78% | 16.43% | 14.17% | 22.82% | 19.99% | 3.12% | 2.23% | 11.77% | -11.06% | 7.62% |
| Equity / Assets (Capital Ratio) | 11.14% | 11.36% | 10.02% | 9.84% | 9.38% | 11.32% | 11.4% | 12.03% | 11.38% | 10.68% | 9.44% | 9.7% | 10.62% | 10.69% | 9.35% | 8.56% | 8.91% | 8.21% | 8.8% | 7.81% | 7.84% | 7.34% | 7.54% | 7.76% | 7.47% | 6.44% | 6.29% | 7.14% | 8.48% | 8.52% | 10.15% |
| Return on Equity (ROE) | 11.29% | 11.49% | 10.55% | 12.27% | 13.21% | 11.97% | 9.62% | 12.97% | 13.37% | 11.44% | 10.95% | 11.37% | 10.88% | 8.99% | 14.03% | 9.63% | 7.92% | 24.41% | -2.09% | 16.03% | 18.72% | 15.53% | 20.41% | 20.59% | 24.44% | 24% | 22.12% | 20.07% | 22.55% | 14.52% | 17.28% |
| Book Value per Share | 57.29 | 55.82 | 51.01 | 47.34 | 42.29 | 45.10 | 44.65 | 42.08 | 37.34 | 33.26 | 30.43 | 28.43 | 30.30 | 27.79 | 27.22 | 23.86 | 21.69 | 21.51 | 17.49 | 13.93 | 12.68 | 10.99 | 9.96 | 8.63 | 7.54 | 6.13 | 4.87 | 4.42 | 4.23 | 3.64 | 3.69 |
| Tangible BV per Share | 56.42 | 54.97 | 50.15 | 46.47 | 41.43 | 44.66 | 44.16 | 41.52 | 36.69 | 32.50 | 29.54 | 28.02 | 29.75 | 27.46 | 26.79 | 23.35 | 21.31 | 21.06 | 17.37 | 13.79 | 12.58 | 10.89 | 9.96 | 8.63 | 7.54 | 6.13 | 4.87 | 4.42 | 4.23 | 3.64 | 3.69 |
| Common Stock | 83K | 111K | 117K | 118K | 122K | 131K | 138K | 143K | 142K | 141K | 140K | 139K | 138K | 137K | 136K | 134K | 134K | 134K | 2.59M | 134K | 137K | 137K | 137K | 123K | 123K | 123K | 123K | 100K | 0 | 0 | 0 |
| Additional Paid-in Capital | 56.13M | 54.12M | 50.34M | 44.32M | 42.45M | 38.31M | 35M | 33.51M | 30.12M | 28.2M | 25.94M | 24.37M | 22.34M | 19.57M | 18.39M | 17.18M | 20.7M | 20.18M | 19.81M | 19.34M | 18.48M | 17.78M | 17.82M | 17.45M | 17.03M | 17.16M | 17.46M | 17.5M | 0 | 0 | 0 |
| Retained Earnings | 612.57M | 614.1M | 603.48M | 569.87M | 543.88M | 545.55M | 541.45M | 537.17M | 492.09M | 442.08M | 402.17M | 368.05M | 332.28M | 300.59M | 276.75M | 236.91M | 220.02M | 208.63M | 156.25M | 170.93M | 158.78M | 138.92M | 122.12M | 164.16M | 145.93M | 127.49M | 112.18M | 100.3M | 85M | 74M | 67.9M |
| Accumulated OCI | -35.15M | -32.2M | -54.36M | -42.48M | -53.35M | 32.76M | 53.15M | 32.25M | 9.63M | 1.24M | 1.56M | 5.66M | 7.04M | 2.46M | 16.65M | 12.41M | 4.22M | 11.5M | -137K | -538K | -1.82M | -4.04M | -886K | -65K | 2.57M | 710K | 384K | -600K | 1M | 1.4M | 100K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -62.12M | -60.95M | -60.23M | -59.1M | -48.4M | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57.94M | 57.94M | 57.94M | 57.94M | 56.48M | 56.02M | 55.58M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Urban CRE concentration risk
According to recent financial statements, GSBC's total assets have contracted from $6.0 billion in 2024Q1 to $5.7 billion in 2026Q1, suggesting that the bank's reliance on LPO-driven growth is currently insufficient to offset the broader deceleration in its core regional lending operations.
The decline in total assets indicates a potential shift toward a more defensive posture, likely reflecting management's caution regarding the current interest rate environment. Investors should monitor whether this contraction is a deliberate de-risking strategy or a symptom of waning demand in the bank's specialized commercial real estate segments.
Based on reported figures, GSBC maintains a stable equity-to-assets ratio of approximately 0.11 as of 2026Q1, which, when paired with a low debt-to-equity ratio of 0.64, suggests a fortress-like capital position that provides a significant buffer against potential credit volatility in its urban CRE portfolio.
This conservative capital structure appears to prioritize long-term solvency over aggressive balance sheet expansion. While this provides a safety net, it may also limit the bank's ability to generate outsized returns on equity if the current revenue stagnation persists.
As reported in quarterly filings, GSBC held $101.4 million in cash and cash equivalents in 2026Q1, while maintaining a substantial $5.3 billion investment securities portfolio, indicating a strategic preference for liquid, interest-bearing assets over immediate loan book expansion in the current economic cycle.
The bank's ability to pivot liquidity through its securities portfolio suggests a flexible approach to managing interest rate risk. However, the reliance on these securities to maintain balance sheet stability warrants further investigation into the duration and potential unrealized losses embedded within the portfolio.
Data suggests that while the bank's balance sheet appears healthy, the concentration of LPOs in volatile urban markets like Atlanta and Chicago introduces hidden credit risks that may not be fully reflected in the current, relatively benign, non-performing asset metrics reported in recent filings.
The disconnect between the bank's rural deposit-based moat and its urban-focused lending strategy creates a unique risk profile that could be exacerbated by a downturn in commercial office valuations. Investors should monitor the credit performance of these specific urban LPO portfolios as a leading indicator of potential future provision requirements.
Quick answers to the most common questions about buying GSBC stock.
As of 2025, Great Southern Bancorp, Inc. (GSBC) had total assets of $5.60B including $680.1M in current assets.
Great Southern Bancorp, Inc. (GSBC) carries total debt of $405.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Great Southern Bancorp, Inc. (GSBC) has total shareholders' equity (book value) of $636.1M ($55.82 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Great Southern Bancorp, Inc. (GSBC) reported a current ratio of 0.14x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.