Southern Missouri Bancorp, Inc. · NASDAQ:SMBC
Southern Missouri Bancorp — Investor Presentation (August 2022)
17 slides from Southern Missouri Bancorp's investor presentation, Aug 1, 2022
Slide 1: Southern Missouri Bancorp
N wa Southern Missouri BANCORP NASDAQ: SMBC August 1, 2022
Slide 2: Company Overview
Company Overview Headquartered in Poplar Bluff, MO, with locations across southern Missouri, in the St. Louis, MO, Metropolitan Statistical Area (MSA), in northeast and north - central Arkansas, and in southern Illinois. $3.2 billion in assets as of June 30, 2022. Loans, net, totaled $2.7 billion; d
Slide 3: Company Overview (cont.)
Company Overview (cont.) In February 2022, the Company completed a merger with Fortune Financial, Inc., parent of FortuneBank , with two branches in Jefferson and St. Louis Counties, Missouri, both located within the St. Louis, Missouri, MSA. At closing, Fortune’s consolidated assets were $255 milli
Slide 4: Branch Map
Branch Map Southern Bank operates 51 banking facilities across southern Missouri, St. Louis, MO MSA, northeast and north - central Arkansas, and southern Illinois. 4
Slide 5: Profitability and Earnings History
Profitability and Earnings History 1.05% 1.17% 1.38% 1.18% 1.79% 1.59% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 11.7% 11.3% 13.1% 11.1% 17.7% 15.4% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Return on average common equity $2.00 $2.29 $2.97 $2.94 $5.05 $5.17 $2.07 $2.39 $3.14 $2.99 $5.22
Slide 6: Earnings Components
Earnings Components Net interest income, NIM, and core NIM* (dollars in thousands) $51,122 $62,383 $72,782 $80,136 $92,686 $103,567 3.74% 3.78% 3.78% 3.72% 3.77% 3.72% 3.64% 3.64% 3.63% 3.64% 3.69% 3.66% 3.50% 3.75% 4.00% $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 FY 2017 FY 2018 FY 2019 F
Slide 7: Credit Quality Performance
Credit Quality Performance 0.23% 0.58% 1.13% 0.40% 0.26% 0.15% 0.00% 0.50% 1.00% 1.50% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 1.10% 1.15% 1.07% 1.16% 1.49% 1.22% 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 246% 139% 80% 224% 409% 526% 0% 1
Slide 8: Loan Growth
Loan Growth Loan portfolio, at period end (gross loans, excluding loans in process and deferred loan fees; dollars in millions) $1,413 $1,582 $1,866 $2,171 $2,237 $2,720 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Consumer & Other Agricultural Operating & Equip. Commercial Business Construction
Slide 9: Loan Portfolio Composition
Loan Portfolio Composition Residential R/E , 33.2% Commercial R/E , 34.4% Agricultural R/E , 7.8% Construction R/E , 4.9% Commercial Business , 12.2% Agricultural Operating & Equip. , 4.1% Consumer and Other , 3.4% Residential R/E , 31.3% Commercial R/E , 32.8% Agricultural R/E , 9.9% Construction R
Slide 10: Deposit Growth
Deposit Growth Deposits, at period end (dollars in millions) Data is for the fiscal years ended June 30. Acquisitions over this time period included the following deposit balances assum ed, noted at fair value on the acquisition date: FortuneBank Acquisition, February 2022: $214 million Central Fede
Slide 11: Deposit Portfolio Composition
Deposit Portfolio Composition CDs >= $250,000 , 4.6% Brokered CDs (not reciprocal) , 5.2% CDs < $250,000 , 27.0% Savings , 10.1% MMDAs , 7.3% NOW , 32.9% Noninterest , 12.9% Deposits, as of June 30, 2017 Deposits, as of June 30, 2022 CDs >= $250,000 , 4.9% Brokered CDs (not reciprocal) , 0.4% CDs <
Slide 12: Stock Valuation
Stock Valuation $0.40 $0.44 $0.52 $0.60 $0.62 $0.80 1.24% 1.13% 1.49% 2.47% 1.38% 1.77% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Dividends per Common Share Annualized Dividend Yield Dividends
Slide 13: Stock Performance – Five Year Total Return
Stock Performance – Five Year Total Return Data is as of July 27, 2022, when our closing stock price was $51.28. Source: S&P Global Market Intelligence 13
Slide 14: Important Statements
Important Statements Forward Looking Statements This presentation may contain “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Southern Missouri Bancorp, Inc. (the “Company”). These forward - looking statements may include, without l
Slide 15: Forward Looking Statements, continued
Forward Looking Statements, continued the impact of technological changes; and our success at managing the risks involved in the foregoing. The Company disclaims any obligation to update or revise any forward - looking statements based on the occurrence of future events , the receipt of new informat
Slide 16: Important Statements (cont.)
Important Statements (cont.) 16 As of Dollars in thousands, except per share data June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2021 June 30, 2022 Common stockholders' equity $ 173,083 $ 200,694 $ 238,392 $ 258,347 $ 283,423 $ 320,772 Less: Goodwill 8,631 13,078 14,089 14,089 14,0
Slide 17: Important Statements (cont.)
Important Statements (cont.) 17 For the year ended Dollars in thousands, except per share data June 30, 2017 June 30, 2018 June 30, 2019 June 30, 2020 June 30, 2021 June 30, 2022 Net income $ 15,552 $ 20,929 $ 28,904 $ 27,545 $ 47,180 $ 47,169 Non - core (income) and expense items: Net interest inco
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