Nice Southern Bancorp, Inc.Declares Quarterly Nasdaq Dividend: GSBC


SPRINGFIELD, Mo., March 17, 2021 (GLOBE NEWSWIRE) – The board of administrators of Nice Southern Bancorp, Inc. (NASDAQ: GSBC), the holding firm of Nice Southern Financial institution, has declared a dividend of $ 0.34 per odd share for the primary quarter of the calendar 12 months ending December 31, 2021.

The dividend shall be payable on April 13, 2021 to shareholders of file on March 29, 2021. This dividend represents the 125e consecutive quarterly dividend paid by the corporate to frequent shareholders.

With complete belongings of $ 5.5 billion, Nice Southern affords a variety of banking companies to enterprise and private prospects. Headquartered in Springfield, Missouri, the corporate operates 94 retail banking facilities in Missouri, Iowa, Kansas, Minnesota, Arkansas and Nebraska, and industrial mortgage manufacturing workplaces in Atlanta, Chicago, Dallas, Denver, Omaha, Nebraska and Tulsa, Oklahoma. Nice Southern Bancorp is a public firm and its frequent shares (image: GSBC) are listed on the NASDAQ International Choose Market.

www.GreatSouthernBank.com

Ahead-looking statements

When used on this press launch and different paperwork filed or offered by Nice Southern Bancorp, Inc. (the “Firm”) with the Securities and Alternate Fee (the “SEC”), in press releases Firm press or different public or shareholder communications, and in oral statements made with the approval of a certified government officer, the phrases or expressions “might,” “may”, “may” , “Ought to”, “will most likely achieve success”, “ought to”, “will proceed,” “is anticipated”, “believes”, “estimate”, “plan”, “intends” or comparable expressions are meant to establish “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements additionally embrace, however usually are not restricted to, statements concerning plans, targets, expectations or penalties of introduced transactions, tendencies identified and statements concerning the s future efficiency, operations, services of the Firm. The power of the Firm to foretell the precise outcomes or results of future plans or methods is inherently unsure, and the precise outcomes of the Firm may differ materially from these contained in forward-looking statements. The novel coronavirus pandemic, or COVID-19, is negatively affecting the corporate, its prospects, counterparties, workers and third social gathering service suppliers, in addition to the last word extent of the impacts on the enterprise, monetary situation, outcomes of operations of the corporate, liquidity and outlook are unsure. Continued deterioration generally enterprise and financial situations, together with additional will increase in unemployment charges or turmoil in home or world monetary markets, may adversely have an effect on the Firm’s revenue and the worth of its belongings and liabilities. , cut back the provision of financing, result in a credit score crunch, and additional improve inventory worth volatility. As well as, modifications in articles of affiliation, by-laws or regulatory insurance policies or practices on account of or in response to COVID-19 may have an effect on the Firm in a fabric and unforeseeable method.

Different elements that might trigger or contribute to such variations embrace, however usually are not restricted to: (i) anticipated revenues, price financial savings, elevated earnings, synergies and different advantages arising from merger actions and acquisition of the corporate might not materialize inside the anticipated timeframe. or by no means, and the prices or difficulties related to integration points, together with, however not restricted to buyer and worker retention, could also be larger than anticipated; (ii) modifications in financial situations, whether or not nationally or within the Firm’s market areas; (iii) fluctuations in rates of interest; (iv) dangers related to lending and investing actions, together with modifications within the stage and route of delinquencies and mortgage write-offs and modifications in estimates of the adequacy of the allowance for mortgage losses; (v) the potential for aside from non permanent impairments of the securities held within the Firm’s securities portfolio; (vi) the corporate’s skill to entry worthwhile financing; (vii) fluctuations in actual property values ​​and residential and industrial actual property market situations; (viii) the power to efficiently adapt to technological modifications to satisfy buyer wants and altering market situations; (ix) the likelihood that the safety measures carried out usually are not enough to mitigate the chance of cyber-attack or cyber-theft, and that these safety measures don’t defend in opposition to failure or disruption of methods; (x) legislative or regulatory modifications that adversely have an effect on the enterprise of the Firm, together with, with out limitation, the Dodd-Frank Wall Road Reform and Client Safety Act of 2010 and its accompanying rules, Safety Rules in opposition to overdrafts and buyer responses on this regard and tax discount and employment regulation; (xi) modifications in accounting insurance policies and practices or accounting requirements, together with the replace of accounting requirements 2016-13, Credit score losses (topic 326), “Measurement of credit score losses on monetary devices”, generally known as the present anticipated credit score loss mannequin, which upon adoption resulted in a rise within the firm’s allowance for credit score losses; (xii) Federal Reserve Board and US authorities financial and monetary insurance policies and different authorities initiatives affecting the monetary companies trade; (xiii) the outcomes of critiques of the Firm and Nice Southern Financial institution by their regulators, together with the likelihood that regulators might, amongst different issues, require the Firm to restrict its enterprise actions, change its enterprise combine, improve its allowance for mortgage losses, impair belongings or improve its capital ranges, or have an effect on its skill to borrow funds or preserve or improve its deposits, which may adversely have an effect on its liquidity and earnings; (xiv) prices and results of litigation, together with settlements and judgments; (xv) competitors; (xvi) uncertainty about the way forward for LIBOR; and (xvii) pure disasters, wars, terrorist actions or civil unrest and their results on the financial and enterprise atmosphere wherein the Firm operates. The Firm needs to tell readers that the elements listed above and different dangers described once in a while in paperwork filed or offered by the Firm with the SEC may have an effect on the monetary efficiency of the Firm and will trigger the precise outcomes of the Firm for future intervals differ materially from any opinion or assertion expressed with respect to future intervals in present statements.

The Firm doesn’t undertake – and particularly disclaims any obligation – to publicly publish the results of any revision which may be made to forward-looking statements to replicate occasions or circumstances after the date of such statements or to replicate the prevalence of occasions. .


        
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