The Board of Directors of Great Southern Bancorp declared a 32c per common share dividend for the third quarter of the calendar year ending December 31, 2018. This dividend represents a 14% increase from the previous quarter's dividend of 28c per common share. The dividend will be payable on October 15, 2018, to shareholders of record on October 1, 2018. This dividend represents the 115th consecutive dividend paid by the Company to common shareholders.
Reports Q1 revenue $46.3M, consensus $40.84M. Net interest margin was 3.93% for the quarter ended March 31, 2018, compared to 3.78% for the first quarter of 2017 and 3.75% for the quarter ended December 31, 2017. The increase in net interest margin compared to both the prior year first quarter and the quarter ended December 31, 2017 is primarily due to increased yields in most loan categories and higher overall yields on investments and interest-earning deposits at the Federal Reserve Bank, partially offset by an increase in the average interest rate paid on deposits and other borrowings. Total net charge-offs were $2.1 million and $2.7 million for the quarters ended March 31, 2018 and 2017, respectively.
The board of directors of Great Southern Bancorp, the holding company for Great Southern Bank, declared a 28c per share dividend for the first quarter of the calendar year ending December 31, 2018, an increase of 4c, or 16.7%, per common share. The dividend will be payable on April 16, 2018, to shareholders of record on April 2, 2018. This dividend represents the 113th consecutive dividend paid by the Company to common shareholders.