南方万通金控 2025年度报告

Securities registered pursuant to Section12(b)of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer,” “smaller reporting company” and “emerginggrowth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No⌧ The aggregate market value of the common stock of the registrant held by non-affiliates of the Registrant on June 30, 2025, computed by referenceto the closing price of such shares on that date, was $487,536,838. At March 4, 2026, 10,963,133 shares of the Registrant’s common stock wereoutstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s proxy statement for its 2025 Annual Meeting of Stockholders are incorporated by reference into Part III of this Form 10- K. TABLE OF CONTENTS PageITEM1.BUSINESS2ITEM1A.RISK FACTORS47ITEM1B.UNRESOLVED STAFF COMMENTS60ITEM1C.CYBERSECURITY60ITEM2.PROPERTIES.61ITEM3.LEGAL PROCEEDINGS.61ITEM4.MINE SAFETY DISCLOSURES.62ITEM4A.INFORMATION ABOUT OUR EXECUTIVE OFFICERS62ITEM5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDERMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES62ITEM6.[RESERVED]64ITEM7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONANDRESULTS OF OPERATIONS64ITEM7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK101ITEM8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA106ITEM9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTINGAND FINANCIAL DISCLOSURE164ITEM9A.CONTROLS AND PROCEDURES.164ITEM9B.OTHER INFORMATION.168ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENTINSPECTIONS168ITEM10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.168ITEM11.EXECUTIVE COMPENSATION.168ITEM12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENTAND RELATED STOCKHOLDER MATTERS168ITEM13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTORINDEPENDENCE.169ITEM14.PRINCIPAL ACCOUNTANT FEES AND SERVICES.169ITEM15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES.170ITEM16.FORM 10-K SUMMARY173SIGNATURES174 PARTI ITEM1.BUSINESS. THE COMPANY Great Southern Bancorp,Inc. Great Southern Bancorp, Inc. (“Bancorp” or “Company”) is a bank holding company, a financial holding company andthe parent of Great Southern Bank (“Great Southern” or the “Bank”). Bancorp was incorporated under the laws of theState of Delaware in July 1989 as a unitary savings and loan holding company. The Company became a one-bankholding company on June 30, 1998, upon the conversion of Great Southern to a Missouri-chartered trust company. In2004, Bancorp was re-incorporated under the laws of the State of Maryland. As a Maryland corporation, the Company is authorized to engage in any activity that is permitted by the MarylandGeneral Corporation Law and not prohibited by law or re