Financial Performance - Net income for the first three months of fiscal 2025 was $12.5 million, a decrease of $693,000, or 5.3% compared to the same period of the prior fiscal year[195]. - Net interest income increased by $1.3 million, or 3.6%, while provision for credit losses increased by $1.3 million, or 139.9% compared to the same period last year[195]. - Noninterest income for the three-month period ended September 30, 2024, was $7.2 million, an increase of $1.3 million, or 22.6% compared to the same period of the prior fiscal year[199]. - Noninterest expense for the three-month period ended September 30, 2024, was $25.8 million, an increase of $2.1 million, or 9.0% compared to the same period of the prior fiscal year[200]. - Basic and fully-diluted net income per share was $1.10, down from $1.16, representing a decrease of $0.06 or 5.2%[215]. Asset Growth - Total assets increased by $124.9 million during the first three months of fiscal 2025, primarily due to a $114.8 million increase in loans, net of the allowance for credit losses[195]. - Total assets increased to $4.7 billion at September 30, 2024, reflecting a growth of $124.9 million, or 2.7%, compared to June 30, 2024[203]. - Cash equivalents rose to $75.3 million, an increase of $14.4 million, or 23.7%, from June 30, 2024[204]. - Net loans, after accounting for the allowance for credit losses, reached $3.9 billion, up by $114.8 million, or 3.0%, compared to June 30, 2024[205]. - Deposits totaled $4.0 billion, an increase of $97.1 million, or 2.5%, from June 30, 2024, with significant growth in certificates of deposit and savings accounts[207]. Credit Quality - Provision for credit losses (PCL) was $2.2 million, up from $900,000 in the same period of the prior fiscal year[219]. - The allowance for credit losses (ACL) at September 30, 2024, totaled $54.4 million, representing 1.37% of gross loans[224]. - The Company recorded net charge-offs of 0.01% (annualized) during the current period, compared to 0.03% (annualized) for the same period of the prior fiscal year[227]. - Total past due loans increased to $13.4 million at September 30, 2024, up from $9.2 million at June 30, 2024, and $28.4 million at September 30, 2023[231]. - Nonperforming loans totaled $8.2 million as of September 30, 2024, compared to $6.68 million at June 30, 2024, and $5.74 million at September 30, 2023[233]. Capital Ratios - Total capital to risk-weighted assets ratio was 13.12% as of September 30, 2024, exceeding the required minimum of 8.00%[243]. - Tier 1 capital to risk-weighted assets ratio was 12.53% as of September 30, 2024, above the required minimum of 8.00%[243]. - Common equity Tier 1 capital to risk-weighted assets ratio was 9.92% as of September 30, 2024, surpassing the required minimum of 4.00%[243]. - The Company had $534.5 million in total capital as of September 30, 2024, which is well above the capital adequacy requirements[243]. Loan Production and Portfolio - For the first three months of fiscal year 2025, fixed-rate 1-to-4 family residential loan production was $31.1 million, down from $36.4 million in the same period of the prior fiscal year[248]. - The fixed-rate 1-4 family residential loan portfolio increased to $624.1 million as of September 30, 2024, compared to $599.6 million a year earlier[248]. - The Company originated $95.2 million in fixed-rate commercial and commercial real estate loans during the three-month period ended September 30, 2024, compared to $60.8 million in the same period of the prior fiscal year[248]. - Adjustable-rate home equity lines of credit rose to $77.4 million as of September 30, 2024, up from $67.0 million at the same time in 2023[248]. Investment Portfolio - The Company's investment portfolio had a weighted-average life of 4.8 years as of September 30, 2024, down from 5.2 years a year earlier[248]. - The effective duration of the investment portfolio declined to 2.4% per 100 basis points movement in market rates as of September 30, 2024, compared to 2.7% at September 30, 2023[248]. - The notional amount of pay-fixed/receive-floating interest rate swaps increased to $50 million at September 30, 2024, compared to $40 million at June 30, 2024[254]. - The Company’s net portfolio value (NPV) decreased by 20% with a +300 basis point increase in rates, reflecting a change of $(103,891) thousand[250]. Strategic Initiatives - The company plans to continue growing assets through loan origination and investment securities purchases, primarily funded by deposits from retail and commercial clients[202]. - Management's asset/liability strategy includes increasing originations of commercial loans, which typically provide higher yields and shorter repricing periods[247]. - The Company continues to focus on customer retention and satisfaction to increase less rate-sensitive deposit accounts[248].

Core Viewpoint - Southern Missouri Bancorp (SMBC) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which are a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors who adjust their valuations based on these estimates [4][6]. - For the fiscal year ending June 2025, Southern Missouri Bancorp is projected to earn $4.90 per share, reflecting an 11.1% increase from the previous year, with a 4.3% rise in the Zacks Consensus Estimate over the past three months [8]. Zacks Rating System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks yielding an average annual return of +25% since 1988 [7]. - The upgrade of Southern Missouri Bancorp to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.90%. A quarter ago, it was expected that this bank holding company would post earnings of $0.93 per share when it actually produced earnings of $1.19, delivering a surprise of 27.96%. Over the last fo ...

A downtrend has been apparent in Southern Missouri Bancorp (SMBC) lately. While the stock has lost 7.7% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q4 2024 Earnings Conference Call July 30, 2024 10:30 AM ET Company Participants Stefan Chkautovich - Chief Financial Officer Matt Funke - President and Chief Administrative Officer Greg Steffens - Chairman and Chief Executive Officer Conference Call Participants Matt Olney - Stephens Andrew Liesch - Piper Sandler Kelly Motta - KBW Operator Hello, and welcome to the Southern Missouri Bancorp Quarterly Earnings Call. My name is Alex, and I’ll be coordinating the c ...

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 27.96%. A quarter ago, it was expected that this bank holding company would post earnings of $0.93 per share when it actually produced earnings of $0.99, delivering a surprise of 6.45%. Over the last fou ...

FOR IMMEDIATE RELEASE Contact: Stefan Chkautovich, CFO July 29, 2024 (573) 778-1800 Poplar Bluff, Missouri - Southern Missouri Bancorp, Inc. ("Company") (NASDAQ: SMBC), the parent corporation of Southern Bank ("Bank"), today announced preliminary net income for the fourth quarter of fiscal 2024 of $13.5 million, a decrease of $2.0 million or 13.0%, as compared to the same period of the prior fiscal year. The decrease was primarily due to lower net interest income and noninterest income. Preliminary net inco ...

The efficiency ratio for the three-month period ended June 30, 2024, was 58.3%, as compared to 55.1% in the same period of the prior fiscal year. The change was attributable primarily to lower net interest income and noninterest income during the current year period. As compared to the linked quarter, ended March 31, 2024, the efficiency ratio decreased by 2.9 percentage points, from 61.2%, due to an increase in net interest income resulting from net interest margin expansion, as well as an increase in noni ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23406 Southern Missouri Bancorp, Inc. | (Exact name of registrant as specified in its charter) | | | --- | --- | | ...

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Q1 2024 Earnings Conference Call April 30, 2024 10:30 AM ET Company Participants Stefan Chkautovich - Chief Financial Officer Greg Steffens - Chairman and Chief Executive Officer Matt Funke - President and Chief Administrative Officer Conference Call Participants Andrew Liesch - Piper Sandler Kelly Motta - KBW David Cohen - Private Investor Operator Hello and welcome to today’s Southern Missouri Bancorp Conference Call. My name is Jordan and I’ll be coordinating ...