Great Southern Bancorp Inc. of Springfield, Mo., swung to a profit of $17.4 million last quarter, from a loss of $15.1 million a year earlier, because of its acquisition of a failed bank.

The $3.4 billion-asset company recognized a gain of $25.4 million from the fair-value accounting associated with its March acquisition of TeamBank in Paola, Kan., from the Federal Deposit Insurance Corp. Great Southern said there could be further gains of this kind.

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