Press release
SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR FIRST QUARTER OF FISCAL 2026; DECLARES QUARTERLY DIVIDEND OF $0.25 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR THURSDAY, OCTOBER 23, AT 9:30 AM CENTRAL TIME
Poplar Bluff, Missouri, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank
About this update from Southern Missouri Bancorp, Inc.
[{"type":"text","content":"Poplar Bluff, Missouri, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the first quarter of fiscal 2026 of $15.7 million, an increase of $3.2 million or 25.6%, as compared to the same period of the prior fiscal year. The increase was due primarily to higher net interest income and slightly lower non-interest expense. This was partially offset by an increase in provision for credit loss (PCL) expense, lower noninterest income and higher provision for income taxes. Preliminary net income was $1.38 per fully diluted common share for the first quarter of fiscal 2026, an increase of $0.28 as compared to $1.10 per fully diluted common share reported for the same period of the prior fiscal year. During the first quarter of fiscal 2026, the Company engaged with a consultant to complete the re-negotiation of a significant Bank contract. The cost associated with this process totaled $572,000, and reduced after-tax net income by $444,000, or $0.04 per fully diluted common share during the current period, noted in further detail below. Highlights for the first quarter of fiscal 2026: Earnings per common share (diluted) were $1.38, up $0.28, or 25.5%, as compared to the same quarter a year ago, and down $0.01, or 0.7% from the fourth quarter of fiscal 2025, the linked quarter. Annualized return on average assets (ROA) was 1.24%, while annualized return on average common equity (ROE) was 11.3%, as compared to 1.07% and 9.9%, respectively, in the same quarter a year ago, and 1.27% and 11.8%, respectively, in the fourth quarter of fiscal 2025, the linked quarter. Net interest margin for the quarter was 3.57%, up from the 3.34% reported for the year ago period, and up from 3.47% reported for the fourth quarter of fiscal 2025, the linked quarter. Net interest income increased $5.8 million, or 15.7%, as compared to the same quarter a year ago, and increased $2.1 million, or 5.2%, as compared to the fourth quarter of fiscal 2025, the linked quarter.PCL was $4.5 million during the first quarter of fiscal 2026, an increase of $2.3 million from the year ago period, and an increase of $2.0 million from the June 30, 2025, linked quarter. Provisioning and allowance activity is discussed in further detail below. Gross...