Southern Missouri Bancorp-SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR THIRD QUARTER OF FISCAL 2025; DECLARES QUARTERLY DIVIDEND OF $0.23 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR TUESDAY, APRIL 22, AT 8:30 AM CENTRAL TIME

Core Viewpoint - Southern Missouri Bancorp, Inc. reported a preliminary net income of $15.7 million for the third quarter of fiscal 2025, reflecting a 38.7% increase compared to the same period last year, driven by higher net interest income and noninterest income [1] Financial Performance - Preliminary net income per fully diluted common share was$ 1.39, up from $0.99 in the same quarter of the previous fiscal year, marking a$ 0.40 increase [1] - Net interest income for the quarter was $39.5 million, an increase of$ 5.0 million or 14.4% year-over-year, attributed to a 6.2% rise in average interest-earning assets and a 24 basis point increase in net interest margin [17] - Noninterest income rose to $6.7 million, a 19.4% increase compared to the same quarter last year, primarily due to losses on the sale of available-for-sale securities [20] Balance Sheet Highlights - Total assets reached$ 5.0 billion, an increase of $372.2 million or 8.1% from June 30, 2024, driven by growth in net loans receivable, cash equivalents, and available-for-sale securities [5] - Total liabilities were$ 4.4 billion, reflecting an increase of $332.1 million or 8.1% compared to June 30, 2024, mainly due to higher deposits [13] - Deposits increased to$ 4.3 billion, up $318.3 million or 8.1% from June 30, 2024, with significant growth in certificates of deposit and savings accounts [14] Loan and Deposit Trends - Gross loans were$ 4.0 billion, a 4.5% increase from June 30, 2024, with notable growth in various loan categories including residential and commercial real estate [8] - Cash equivalents and time deposits totaled $227.1 million, a significant increase of 270.0% compared to June 30, 2024, driven by strong deposit generation [7] Nonperforming Loans and Credit Losses - Nonperforming loans (NPL) were$ 22.0 million, or 0.55% of gross loans, up from $6.7 million or 0.17% at June 30, 2024, primarily due to new commercial relationships and specific loans becoming nonperforming [11] - The allowance for credit losses (ACL) was$ 54.9 million, representing 1.37% of gross loans, with a provision for credit loss of $932,000 recorded for the quarter [12][19] Dividend Declaration - The Board of Directors declared a quarterly cash dividend of$ 0.23 per common share, marking the 124th consecutive quarterly dividend, payable on May 30, 2025 [3]