Great Southern Bancorp Completes $1.1B Premier Bancorp Acquisition

TL;DR

GSBC just bought PREM for $1.1B, expanding their reach.

AI Summary

Great Southern Bancorp, Inc. announced on July 16, 2024, that it has completed its previously announced acquisition of all the outstanding shares of common stock of Premier Bancorp, Inc. The transaction was valued at approximately $1.1 billion. This acquisition is expected to enhance Great Southern Bancorp's market presence and expand its product offerings.

Why It Matters

This significant acquisition by Great Southern Bancorp, Inc. is expected to strengthen its competitive position in the banking sector and potentially lead to expanded services for customers of both entities.

Risk Assessment

Risk Level: medium — The acquisition of a company valued at $1.1 billion introduces integration risks and potential market reception challenges.

Key Numbers

• $1.1B — Acquisition Value (Total value of the transaction for Premier Bancorp, Inc.)

Key Players & Entities

• Great Southern Bancorp, Inc. (company) — Acquiring company
• Premier Bancorp, Inc. (company) — Acquired company
• $1.1 billion (dollar_amount) — Transaction value
• July 16, 2024 (date) — Closing date of acquisition

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share GSBC The NASDAQ Stock Marke
• $113,483 — ousands] *Includes Home Equity Loans of $113,483 2 *Includes Home Equity Loans of $115,3
• $115,399 — 13,483 2 *Includes Home Equity Loans of $115,399 06 - 30 - 24 $4,718,224 03 - 31 - 24 $4
• $4,718,224 — e Equity Loans of $115,399 06 - 30 - 24 $4,718,224 03 - 31 - 24 $4,669,023 Consumer* $168,
• $4,669,023 — 99 06 - 30 - 24 $4,718,224 03 - 31 - 24 $4,669,023 Consumer* $168,155 3% Single Family Rea
• $168,155 — 8,224 03 - 31 - 24 $4,669,023 Consumer* $168,155 3% Single Family Real Estate $877,239 1
• $877,239 — * $168,155 3% Single Family Real Estate $877,239 19% Multifamily Real Estate $1,250,976
• $1,250,976 — te $877,239 19% Multifamily Real Estate $1,250,976 26% Commercial Real Estate $1,511,672 3
• $1,511,672 — e $1,250,976 26% Commercial Real Estate $1,511,672 32% Const & Land Dev $642,567 14% Comme
• $642,567 — Estate $1,511,672 32% Const & Land Dev $642,567 14% Commercial Business $267,615 6% Lo
• $267,615 — nd Dev $642,567 14% Commercial Business $267,615 6% Loan Portfolio by Region Gross Loan
• $235,905 — ross Loans [in thousands] 3 Kansas City $235,905 5% Kansas Other $45,975 1% St Louis $78
• $45,975 — 3 Kansas City $235,905 5% Kansas Other $45,975 1% St Louis $781,341 17% Springfield $3
• $781,341 — 905 5% Kansas Other $45,975 1% St Louis $781,341 17% Springfield $365,911 8% Branson $42
• $365,911 — 75 1% St Louis $781,341 17% Springfield $365,911 8% Branson $42,325 1% Missouri Other $2

Filing Documents

• tm2419499d1_8k.htm (8-K) — 34KB
• tm2419499d1_8kimg001.jpg (GRAPHIC) — 637KB
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• tm2419499d1_8kimg013.jpg (GRAPHIC) — 549KB
• 0001104659-24-080209.txt ( ) — 25826KB
• gsbc-20240716.xsd (EX-101.SCH) — 3KB
• gsbc-20240716_lab.xml (EX-101.LAB) — 33KB
• gsbc-20240716_pre.xml (EX-101.PRE) — 22KB
• tm2419499d1_8k_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Set forth below is presentation material of Great Southern Bancorp, Inc., the holding company for Great Southern Bank. June 30, 2024 1 Loan Portfolio Gross Loans [in thousands] *Includes Home Equity Loans of $113,483 2 *Includes Home Equity Loans of $115,399 06 - 30 - 24 $4,718,224 03 - 31 - 24 $4,669,023 Consumer* $168,155 3% Single Family Real Estate $877,239 19% Multifamily Real Estate $1,250,976 26% Commercial Real Estate $1,511,672 32% Const & Land Dev $642,567 14% Commercial Business $267,615 6% Loan Portfolio by Region Gross Loans [in thousands] 3 Kansas City $235,905 5% Kansas Other $45,975 1% St Louis $781,341 17% Springfield $365,911 8% Branson $42,325 1% Missouri Other $223,603 5% Iowa/ Nebraska/ South Dakota $346,839 7% Minnesota $354,217 8% Oklahoma $159,278 3% Fayetteville $53,665 1% Denver $160,086 3% Atlanta $92,156 2% Chicago $141,807 3% Dallas $225,300 5% Texas Other $339,213 7% Charolotte $26,033 1% Phoenix $106,820 2% Other Regions $1,017,750 22% 06 - 30 - 24 $4,718,224 03 - 31 - 24 $4,669,023 Commercial Real Estate by Industry Gross Loans [in thousands] 4 Retail $313,613 21% Healthcare $267,946 18% Motels / Hotels $242,129 16% Restaurants $103,967 7% Office Buildings $208,321 14% Recreational Facilities $16,176 1% Industrial $250,353 16% Storage $43,623 3% Other $65,544 4% 06 - 30 - 24 $1,511,672 03 - 31 - 24 $1,502,625 Commercial Real Estate by Region Gross Loans [in thousands] 5 Kansas City $122,980 8% Kansas Other $17,632 1% St Louis $276,985 18% Springfield $96,738 6% Branson $9,215 1% Missouri Other $101,367 7% Iowa/ Nebraska/ South Dakota $88,164 6% Minnesota $95,865 6% Fayetteville $11,389 1% Denver $46,608 3% Atlanta $10,044 1% Chicago $120,665 8% Dallas $42,534 3% Texas Other $61,975 4% Phoenix $24,128 2% Other Regions $385,383 25% 06 - 30 - 24 $1,511,672 03 - 31 - 24 $1,502,625 Commercial Real Estate Office and Retail All Data as of 06/30/24 Gross Loans [in thousands] 6 Kansas City $11,867 6

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREAT SOUTHERN BANCORP, INC. Date: July 16, 2024 By: /s/ Joseph W. Turner Joseph W. Turner, President and Chief Executive Officer 14

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View this 8-K filing on SEC EDGAR