GSBC Q2 net income falls 20% to $15.8M as deposits decline $181M and Fed rate cuts reshape outlook

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Net income declined 20.2% to $15.8M ($1.43 diluted EPS, down 16.9%) for Q2 2026 vs Q2 2025, driven by deposit outflows and changing interest-rate environment.

  Key Financials (XBRL) view on EDGAR →
• high

  Total deposits fell $180.7M (4.0%) in the first half of 2026, reversing a $78.6M increase in the prior-year period, with brokered deposits down 31% year-over-year to $575.6M.

  MD&A: Deposits verify on EDGAR →
• medium

  Single-family housing starts plunged 31% to 895,000 annual rate in June 2026 from 1.3M in June 2025, signaling substantial slowdown in new home construction that could affect loan demand.

  MD&A: Housing Market verify on EDGAR →