Financial Performance - Net income for the first six months of fiscal 2026 was $33.8 million, an increase of $6.7 million, or 24.7%, compared to the same period of the prior fiscal year[192] - Net income for the three-month period ended December 31, 2025, was $18.2 million, an increase of $3.5 million or 23.9% compared to the same period in the prior fiscal year[218] - Fully-diluted net income per share for the three-month period was $1.62, up $0.32 or 24.6% year-over-year[219] - Fully-diluted net income per share for the six-month period was $3.00, up $0.60 or 25.0% year-over-year[229] Income and Expenses - Net interest income increased by $10.5 million, or 14.0%, for the first six months of fiscal 2026 compared to the same period in fiscal 2025[194] - Noninterest income for the six-month period ended December 31, 2025, was $13.3 million, a decrease of $690,000, or 4.9%, compared to the same period of the prior fiscal year[196] - Noninterest expense decreased by $397,000, or 0.8%, to $50.3 million for the six-month period ended December 31, 2025, compared to the same period of the prior fiscal year[198] - Noninterest income for the three-month period was $6.8 million, a decrease of $89,000 or 1.3%, primarily due to lower other loan fees[223] - Noninterest expense for the three-month period was $25.3 million, an increase of $394,000 or 1.6%, mainly due to higher data processing and advertising expenses[224] Assets and Liabilities - Total assets increased by $74.8 million, or 1.5%, to $5.1 billion at December 31, 2025, compared to June 30, 2025[199] - Total liabilities as of December 31, 2025, were $4.52 billion, with total stockholders' equity of $563.02 million[212] - Cash equivalents and time deposits decreased by $58.8 million, or 30.4%, to $134.3 million at December 31, 2025, compared to June 30, 2025[200] - Deposits increased to $4.3 billion at December 31, 2025, reflecting a rise of $27.0 million, or 0.63%, compared to June 30, 2025[204] Loans and Credit Quality - Loans, net of the allowance for credit losses (ACL), increased by $123.1 million, or 3.0%, to $4.2 billion at December 31, 2025, compared to June 30, 2025[201] - The Bank's concentration in non-owner occupied commercial real estate is estimated at 289.4% of Tier 1 capital and ACL as of December 31, 2025, down from 301.9% as of June 30, 2025, with these loans representing 39.4% of gross loans[203] - The total past due loans increased from $25.6 million at June 30, 2025, to $32.0 million at December 31, 2025, attributed to two borrower relationships with significant concerns regarding cash flow[244] - Total nonperforming assets increased to $31.2 million at December 31, 2025, from $23.7 million at June 30, 2025, and $10.8 million at December 31, 2024, primarily due to an increase in nonperforming loans (NPLs)[248] - The Company recorded net charge-offs of $704,000 for the three-month period ended December 31, 2025, with net recoveries of 0.07% (annualized) of average loans outstanding, compared to net charge-offs of 0.02% for the same period of the prior fiscal year[241] Capital Ratios - The Company and Bank's total capital ratio was 13.91% as of December 31, 2025, exceeding the required minimum of 8.00%[258] - The Company had a Tier I capital ratio of 12.48% as of December 31, 2025, above the required minimum of 6.00%[258] Interest Rate Risk and Management - The effective duration of the investment portfolio indicated a stable price sensitivity of approximately 2.3% per 100 basis points movement in market rates as of December 31, 2025[263] - The company maintains a $60 million notional amount in pay-fixed/receive-floating interest rate swaps to hedge against rising interest rates[269] - The Asset/Liability Committee meets monthly to review interest rate risk, liquidity, and capital ratios[270] Internal Controls - The company's disclosure controls and procedures were deemed effective as of December 31, 2025, ensuring timely communication and reporting of required information[273] - There have been no changes in internal control over financial reporting that materially affected the company's controls during the quarter ended December 31, 2025[273] - The company acknowledges that its controls cannot prevent all errors and fraud, highlighting inherent limitations in control procedures[274]

Southern Missouri Bancorp (NasdaqGM:SMBC) Q2 2026 Earnings call January 22, 2026 10:30 AM ET Company ParticipantsMatt Olney - Managing DirectorCharles Driscoll - Equity Research AssociateNathan Race - Managing DirectorGreg Steffens - Chairman and CEOStefan Chkautovich - CFOMatthew T. Funke - President and Chief Administrative OfficerOperatorThe conference call will now start, and I'll hand it over to our host, Chief Financial Officer of Southern Missouri Bancorp, Stephen. Please go ahead.Stefan ChkautovichT ...

Southern Missouri Bancorp (NasdaqGM:SMBC) Q2 2026 Earnings call January 22, 2026 10:30 AM ET Company ParticipantsMatt Olney - Managing DirectorCharles Driscoll - Equity Research AssociateNathan Race - Managing DirectorGreg Steffens - Chairman and CEOStefan Chkautovich - CFOMatthew T. Funke - President and Chief Administrative OfficerOperatorThe conference call will now start, and I'll hand it over to our host, Chief Financial Officer of Southern Missouri Bancorp, Stefan. Please go ahead.Stefan ChkautovichTh ...

Southern Missouri Bancorp (NasdaqGM:SMBC) Q2 2026 Earnings call January 22, 2026 10:30 AM ET Speaker5The conference call will now start, and I'll hand it over to our host, Chief Financial Officer of Southern Missouri Bancorp, Stephen. Please go ahead.Speaker0Thank you, James. Good morning, everyone. This is Stephen Chkautovich, CFO with Southern Missouri Bancorp. Thank you for joining us. The purpose of this call is to review the information and data presented in our quarterly earnings release dated Wednesd ...

分组1 - Southern Missouri Bancorp (SMBC) reported quarterly earnings of $1.62 per share, exceeding the Zacks Consensus Estimate of $1.56 per share, and up from $1.3 per share a year ago, representing an earnings surprise of +3.85% [1] - The company posted revenues of $49.65 million for the quarter ended December 2025, which was 1.3% below the Zacks Consensus Estimate, compared to $45.01 million in the same quarter last year [2] - Over the last four quarters, Southern Missouri Bancorp has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2] 分组2 - The stock has increased approximately 2.5% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.53 on revenues of $49.7 million, and for the current fiscal year, it is $6.10 on revenues of $200 million [7] - The Zacks Industry Rank for Financial - Savings and Loan is in the top 27% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Preliminary net income for Q2 fiscal 2026 was $18.2 million, an increase of $3.5 million, or 23.9%, compared to the same period last year [2]. - Earnings per diluted common share was $1.62, up $0.32, or 24.6%, year-over-year, and up $0.24, or 17.4%, from Q1 fiscal 2026 [3]. - Net interest income for the three-month period ended December 31, 2025, was $42.9 million, an increase of $4.7 million, or 12.4%, year-over-year [19]. - Noninterest income for the three-month period ended December 31, 2025, was $6.8 million, a decrease of $89,000, or 1.3%, year-over-year [22]. - Net income for Q4 2025 reached $18,150,000, up from $15,650,000 in Q3 2025, representing a 9.6% increase [32]. - Basic earnings per common share rose to $1.62 in Q4 2025, compared to $1.39 in Q3 2025, marking a 16.5% increase [32]. Asset and Loan Growth - Gross loan balances increased by $34.8 million, or 0.8%, from September 30, 2025, and by $199.6 million, or 5.0%, from December 31, 2024 [3]. - Total assets were $5.1 billion at December 31, 2025, reflecting an increase of $74.8 million, or 1.5%, compared to June 30, 2025 [8]. - Total assets increased to $5,094,387 thousand as of December 31, 2025, up from $5,036,332 thousand in the previous quarter, representing a growth of 1.1% [31]. - Loans receivable, gross reached $4,226,556 thousand, an increase from $4,191,743 thousand in the prior quarter, reflecting a growth of 0.8% [31]. Deposits and Cash Management - Total deposits reached $4.3 billion as of December 31, 2025, reflecting an increase of $27.0 million, or 0.63%, compared to June 30, 2025 [17]. - Cash equivalents and time deposits decreased by $58.8 million, or 30.4%, to $134.3 million at December 31, 2025, due to loan growth outpacing deposit generation [9]. - Cash equivalents and time deposits increased to $134,309 thousand, up from $124,358 thousand in the previous quarter, representing an increase of 7.9% [31]. Credit Quality and Allowance - Nonperforming loans (NPLs) were $29.7 million, or 0.70% of gross loans, at December 31, 2025, up from $23.0 million, or 0.56%, at June 30, 2025 [13]. - The allowance for credit losses (ACL) totaled $54.5 million, representing 1.29% of gross loans, compared to 1.26% at June 30, 2025 [14]. - The provision for credit losses (PCL) was $1.7 million for the three-month period ended December 31, 2025, compared to $932,000 in the same period of the prior fiscal year [21]. - Provision for credit losses decreased significantly to $1,680,000 in Q4 2025 from $4,500,000 in Q3 2025, indicating improved credit quality [32]. Shareholder Returns and Equity - The Company repurchased 148,000 shares at an average price of $54.32 per share, totaling $8.1 million [3]. - A quarterly cash dividend of $0.25 per common share was declared, marking the 127th consecutive quarterly dividend [4]. - Stockholders' equity increased to $567.4 million at December 31, 2025, a rise of $22.7 million, or 4.2%, compared to June 30, 2025 [18]. - Total stockholders' equity rose to $567,360 thousand, compared to $560,221 thousand in the previous quarter, indicating an increase of 1.9% [31]. - Total stockholders' equity increased to $563,016,000 in Q4 2025 from $551,787,000 in Q3 2025, reflecting a stronger capital position [33]. Efficiency and Expense Management - Noninterest expense for the same period was $25.3 million, an increase of $394,000, or 1.6%, compared to the prior year [23]. - The efficiency ratio improved to 50.9% for the three-month period ended December 31, 2025, compared to 55.3% in the same period of the prior fiscal year [24]. - Total noninterest expense was $25,270,000 in Q4 2025, slightly higher than $25,051,000 in Q3 2025, indicating controlled expense growth [32]. Tax and Market Performance - The effective tax rate for the quarter was 20.0%, down from 23.7% for the same period in the prior year [25]. - The closing market price of common shares was $59.12, compared to $52.56 in the previous quarter, reflecting a growth of 12.0% [31].

Poplar Bluff, Missouri, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the second quarter of fiscal 2026 of $18.2 million, an increase of $3.5 million, or 23.9%, as compared to the same period of the prior fiscal year. The increase was attributable to an increase in net interest income, partially offset by increases in provision for credit loss (PCL) expense, and nonint ...

Core Viewpoint - Southern Missouri Bancorp, Inc. (SMBC) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The formation of a golden cross typically follows a downtrend, a bottoming out, and then a trend reversal leading to higher prices [3]. Performance Metrics - SMBC has experienced a price rally of 12.2% over the past four weeks, indicating strong momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting favorable market sentiment [4]. Earnings Outlook - There has been one upward revision in earnings estimates for SMBC over the past 60 days, with no downward revisions, reflecting a positive earnings outlook for the current quarter [4]. - The Zacks Consensus Estimate for SMBC has also increased, further supporting the bullish case for the stock [4][5]. Investment Consideration - The combination of positive earnings estimate revisions and the technical breakout signals suggests that investors should monitor SMBC for potential gains in the near future [5].

Core Viewpoint - Southern Missouri Bancorp (SMBC) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which aggregates EPS estimates from sell-side analysts for the current and upcoming years [2]. - The recent upgrade reflects a 7.9% increase in the Zacks Consensus Estimate for Southern Missouri Bancorp over the past three months, with expected earnings of $6.05 per share for the fiscal year ending June 2026, showing no year-over-year change [9]. Impact of Institutional Investors - Changes in earnings estimates are closely linked to stock price movements, largely due to institutional investors who adjust their valuations based on these estimates, leading to significant buying or selling activity [5][6]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [8]. - The upgrade of Southern Missouri Bancorp to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11].

Core Viewpoint - Southern Missouri Bancorp Inc. (NASDAQ:SMBC) shares are currently trading at $56.66, reflecting a slight increase of 0.05% in the current session, with a notable 7.01% rise over the past month, but a decline of 13.69% over the past year, raising questions about potential undervaluation despite the company's current performance [1]. Group 1: Stock Performance - The stock has experienced a 7.01% increase over the past month [1]. - Over the past year, the stock has decreased by 13.69% [1]. Group 2: P/E Ratio Analysis - Southern Missouri Bancorp has a lower P/E ratio compared to the aggregate P/E of 11.2 for the Banks industry, which may suggest that the stock is undervalued or that shareholders do not expect better future performance [5][6]. - A lower P/E ratio can indicate potential undervaluation, but it may also reflect weak growth prospects or financial instability [10]. Group 3: Investment Considerations - The P/E ratio is a valuable tool for assessing market performance, but it should be used cautiously and in conjunction with other financial metrics and qualitative factors to make informed investment decisions [9][10].