Financial Performance - Preliminary net income for Q2 fiscal 2025 was $14.7 million, a 20.2% increase from the same period last year, with earnings per diluted share rising to $1.30, up 21.5%[1][3] - Annualized return on average assets (ROAA) was 1.21% and return on average common equity was 11.5%, compared to 1.07% and 10.6% respectively in the same quarter last year[3] - Net interest income for the three-month period ended December 31, 2024, was $38.1 million, an increase of $3.7 million, or 10.6%, year-over-year[17] - Noninterest income for the same period was $6.9 million, an increase of $1.2 million, or 21.7%, compared to the prior fiscal year[20] - Net income for Q4 2024 was $14,653,000, representing a 17.5% increase compared to $12,458,000 in Q3 2024[27] - Basic earnings per common share increased to $1.30 in Q4 2024 from $1.10 in Q3 2024, reflecting an 18.2% growth[27] Asset and Liability Management - Total assets reached $4.9 billion, reflecting a growth of $303.4 million, or 6.6%, since June 30, 2024[6] - Total liabilities were $4.4 billion, an increase of $279.7 million, or 6.8%, compared to June 30, 2024[14] - Total deposits increased to $4.2 billion at December 31, 2024, up by $267.6 million, or 6.8%, from June 30, 2024[15] - Total assets as of December 31, 2024, were $4,825,469,000, up from $4,638,530,000 at the end of Q3 2024, indicating a 4.0% increase[28] Loan and Deposit Growth - Gross loan balances increased by $60.5 million, or 1.5%, from September 30, 2024, and by $295.1 million, or 7.9%, from December 31, 2023[3] - Deposit balances rose by $170.5 million, or 4.2%, compared to September 30, 2024, and by $225.1 million, or 5.6%, compared to December 31, 2023[3] - The average loan-to-deposit ratio for Q2 fiscal 2025 was 96.4%, compared to 96.3% for the previous quarter and 94.3% for the same period last year[15] - Average loans receivable increased to $3,989,643,000 in Q4 2024, up from $3,889,740,000 in Q3 2024, reflecting a growth of 2.6%[28] Nonperforming Loans and Credit Losses - Nonperforming loans (NPLs) were $8.3 million, or 0.21% of gross loans, an increase from $6.7 million, or 0.17%, at June 30, 2024[11] - Allowance for credit losses (ACL) was $54.7 million, representing 1.36% of gross loans, with a provision for credit loss required due to loan growth in Q2 fiscal 2025[12][13] - The provision for credit losses (PCL) was $932,000 for the three-month period ended December 31, 2024, compared to $900,000 in the same period last year[19] - Nonperforming assets decreased to $10,769 thousand, down from $12,069 thousand in the previous quarter, a reduction of 10.76%[26] - The ratio of total nonperforming assets to total assets improved to 0.22% from 0.26% in the prior quarter[26] - The allowance for credit losses to nonperforming loans ratio was 658.80%, indicating strong coverage of nonperforming loans[26] Operational Efficiency - Noninterest expense for the three-month period ended December 31, 2024, was $24.9 million, an increase of $1.0 million, or 4.3%, year-over-year[21] - The efficiency ratio improved to 55.3% for the three-month period ended December 31, 2024, down from 58.5% in the same period last year[22] - The efficiency ratio decreased to 55.3% in Q4 2024 from 59.0% in Q3 2024, indicating improved operational efficiency[28] Stockholder Information - The Board declared a quarterly cash dividend of $0.23 per common share, marking the 123rd consecutive quarterly dividend[4] - The Company's stockholders' equity was $512.4 million at December 31, 2024, an increase of $23.6 million, or 4.8%, from June 30, 2024[16] - Total stockholders' equity rose to $508,153,000 in Q4 2024, compared to $496,889,000 in Q3 2024, marking a 2.5% increase[28] - Book value per common share increased to $45.62 from $45.06, a rise of 1.24%[26] - Tangible book value per common share improved to $38.91, up from $38.26, reflecting a growth of 1.70%[26] - The closing market price of the stock was $57.37, compared to $56.49 in the previous quarter, an increase of 1.55%[26] Interest Income - Net interest margin for the quarter was 3.36%, up from 3.25% a year ago, with net interest income increasing by $3.7 million, or 10.6%[3] - Total interest income for Q4 2024 reached $69,424,000, an increase of 3.0% from $67,378,000 in Q3 2024[27] - Net interest income for Q4 2024 was $38,143,000, up 4.0% from $36,661,000 in Q3 2024[27]

Core Points - Southern Missouri Bancorp, Inc. reported preliminary net income of $14.7 million for Q2 fiscal 2025, a 20.2% increase from the same period last year, driven by higher net interest income and noninterest income [1][2] - Earnings per diluted share rose to $1.30, up $0.23 from $1.07 in the prior year [1][2] - The company declared a quarterly cash dividend of $0.23, marking the 123rd consecutive quarterly dividend [3] Financial Performance - Net interest income for the quarter was $38.1 million, an increase of $3.7 million or 10.6% year-over-year [17] - Noninterest income increased by 21.7% to $6.9 million, primarily due to the prior year's losses on the sale of available-for-sale securities [20] - Noninterest expense rose by $1.0 million or 4.3% to $24.9 million, attributed to higher compensation, legal fees, and occupancy costs [21][22] - The efficiency ratio improved to 55.3% from 58.5% in the same quarter last year, indicating better cost management [23] Balance Sheet Highlights - Total assets reached $4.9 billion, reflecting a growth of $303.4 million or 6.6% since June 30, 2024 [6] - Gross loan balances increased by $60.5 million or 1.5% from the previous quarter and by $295.1 million or 7.9% year-over-year [8] - Deposit balances rose by $170.5 million or 4.2% from the previous quarter and by $225.1 million or 5.6% year-over-year [14] Loan and Asset Quality - Nonperforming loans (NPLs) were $8.3 million, or 0.21% of gross loans, an increase from $6.7 million or 0.17% at the end of the previous quarter [11][28] - The allowance for credit losses (ACL) was $54.7 million, representing 1.36% of gross loans, with a coverage ratio of 659% of NPLs [12][28] - The company recorded a provision for credit losses of $932,000 for the quarter, slightly up from $900,000 in the same period last year [19] Capital and Equity - Stockholders' equity increased to $512.4 million, a rise of $23.6 million or 4.8% since June 30, 2024 [16] - Tangible book value per share was $38.91, up 12.3% from the previous year [6][16] - The company's effective tax rate for the quarter was 23.7%, up from 20.6% in the same quarter last year, influenced by adjustments related to merger activity [24]

Company Overview - Southern Missouri Bancorp, Inc. (SMBC) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Mar 21, 2025 $40.00 Put option [1] - The company currently holds a Zacks Rank of 4 (Sell) within the Financial - Savings and Loan industry, which is positioned in the top 19% of the Zacks Industry Rank [3] Analyst Sentiment - Over the past 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward, leading to a decrease in the Zacks Consensus Estimate from $1.30 to $1.23 per share [3] Options Market Insights - The high implied volatility suggests that options traders are anticipating a significant price movement for Southern Missouri Bancorp shares, which could indicate an upcoming event that may lead to a substantial rally or sell-off [2][4] - Options traders often seek to sell premium on options with high implied volatility, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]

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 ...