Southern Missouri Bancorp, Inc. · NASDAQ:SMBC
Southern Missouri Bancorp — Investor Presentation (February 2025)
24 slides from Southern Missouri Bancorp's investor presentation, Feb 5, 2025
Slide 1: Southern Missouri Bancorp, February 5, 2025
NASDAQ: SMBC February 5, 2025
Slide 2: 67 locations serving 52 communities in 4 states
67 locations serving 52 COMMUNITIES in 4 States St. Louis Kansas City Springfield Poplar Bluff Cape Girardeau Jonesboro
Slide 3: Why Southern Bank?
Why Southern Bank? We see people working to seize opportunities, build communities, and achieve their dreams right in their hometowns. And we want to keep it that way. That's why we provide services, resources, and tools that help you accomplish what you want, where you want. Southern Missouri Banco
Slide 4: What sets us apart?
Arnold/Oakville team members participated in and worked the booth at last year’s Keene Insurance Group Golf Tournament Smithville team members participated in Smithville School District’s staff vendor fair. Cape Girardeau team members attended United Way’s ribbon cutting. What sets us apart? OUR COM
Slide 5: Southern Bank Services
Southern Bank Services RETAIL OFFERINGS BUSINESS OFFERINGS Southern Bank provides commercial loans, deposit accounts, and treasury management services for streamlined business operations, including: ACH Origination (Credit/Debit) Positive Pay (Check/ACH Fraud Prevention) Remote Deposit Capture Wire
Slide 6: Financial Services
SOUTHERN WEALTH MANAGEMENT • Financial Planning • Retirement Planning • Investments INSURANCE BROKERAGE • Personal: Homeowners, Auto, Life, Medical, and more • Commercial: Property, Liability, Workers’ Comp, and Commercial Truck Liability TRUST MANAGEMENT •Trust Administration •Enforcement/Enactment
Slide 7: The Company is a Proven Acquiror
The Company is a Proven Acquiror HISTORY OF SUCCESSFUL ACQUISITIONS (LAST 10 YEARS REFLECTED BELOW) • January 20, 2023, acquired Citizens Bancshares, Co., and its subsidiary, Citizens Bank & Trust Company (“Citizens”) • February 25, 2022, acquired Fortune Financial, Inc., and its subsidiary FortuneB
Slide 8: Fiscal 2024 Highlights
Fiscal 2024 Highlights FULL YEAR 2024 • Completed integration of Citizens - total assets of $985.7 million, loans, net of $456.0 million, and deposits of $851.0 million • Bond portfolio restructuring to improve forward earnings. • Tangible book value per share* was $36.68 at June 30, 2024, an increa
Slide 9: Fiscal 2025 Highlights
Fiscal 2025 Highlights • Tangible book value per share* was $38.91 for the six-month period ended December 31, 2024, and increased by $2.23 or 6.1% compared to fiscal year end 2024. • Tangible book value per share, excluding AOCI, was $40.37 for the six-month period ended December 31, 2024, a $2.14
Slide 10: Profitability and Earnings History
1.79% 1.59% 1.03% 1.10% 1.15% 0.00% 0.50% 1.00% 1.50% 2.00% FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 Return on Average Assets 17.7% 15.4% 10.4% 10.7% 10.8% 0.0% 5.0% 10.0% 15.0% 20.0% FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 Return on Average Common Equity $5.05 $5.34 $4.49 $4.04 $2.32 $5.22 $5.21
Slide 11: Net Interest Income, Margin and Efficiency
$92,686 $103,567 $126,745 $139,483 $74,805 3.69% 3.66% 3.43% 3.14% 3.28% 3.77% 3.72% 3.54% 3.27% 3.37% 3.00% 3.20% 3.40% 3.60% 3.80% $0 $50,000 $100,000 $150,000 FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 Net Interest Income, Net Interest Margin, and Core Net Interest Margin* Net Interest Income Core
Slide 12: Credit Quality Performance
0.26% 0.15% 0.21% 0.17% 0.21% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 NPLs/Loans 1.49% 1.22% 1.32% 1.36% 1.36% 0.00% 0.50% 1.00% 1.50% 2.00% FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 ACL/Gross Loans 409% 526% 424% 497% 508% 0% 100% 200% 300% 400% 500% 600%
Slide 13: Loan Growth
FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 All Other Loans Consumer Agriculture Production Commercial and Industrial Agriculture Real Estate Construction and Land Development Multi-family R/E O/O Commercial Real Estate Non-O/O Commercial R/E 1-4 Residential R/E $2,237 $4,027 $3,850 $3,619 $2,720 Loan
Slide 14: Loan Portfolio Composition
Loans as of December 31, 2024 Loans as of June 30, 2021 Loan Portfolio Composition 1-4 Residential R/E, 23.4% Non O/O CRE, 18.5% O/O CRE, 10.8% Multi-Family R/E, 11.3% Const. and Land Dev., 8.3% Ag. R/E, 8.1% C&I, 12.8% Ag. Prod., 4.7% Consumer, 1.7% All Other Loans, 0.4% 1-4 Residential R/E, 24.0%
Slide 15: Deposit Growth
$2,331 $2,815 $3,726 $3,953 $4,211 FY2021 FY2022 FY2023 FY2024 FYTD 2025 Noninterest-bearing Transaction Accounts Interest-bearing Transaction Accounts Money Market Deposit Accounts Savings Accounts Certificates < $250,000 Brokered Certificates (not reciprocal) Certificates > $250,000 Deposits, at p
Slide 16: Deposit Portfolio Composition
Deposits as of June 30, 2021 Deposits as of December 31, 2024 Deposit Portfolio Composition CDs >= $250,000, 5.2% Brokered CDs, 0.2% CDs < $250,000, 18.7% Savings, 9.9% MMDAs, 10.9% NOW, 39.7% Noninterest, 15.4% CDs >= $250,000, 15.0% Brokered CDs, 6.0% CDs < $250,000, 16.1% MMDAs, 8.2% Savings, 13.
Slide 17: Dividends per Common Share and Dividend Yield
$0.62 $0.80 $0.84 $0.84 $0.46 1.38% 1.77% 2.18% 1.87% 1.60% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 Dividends per Common Share Annualized Dividend Yield Data is for the fiscal years ended June 30, excep
Slide 18: Tangible Book Value per Common Share and Closing Stock Price
$29.55 $31.05 $32.34 $36.68 $38.91 $44.96 $45.26 $38.45 $45.01 $57.37 $0.00 $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 FY 2021 FY 2022 FY 2023 FY 2024 FYTD 2025 Tangible Book Value per Common Share* Closing Stock Price TBV/CS COMPOUND ANNUALIZED GROWTH RATE OF 9.4%** Data is as of the fiscal years en
Slide 19: Stock Performance – Five Year Total Return
Data is as of Jan. 31, 2025 Source: S&P Global Market Intelligence Stock Performance – Five Year Total Return
Slide 20: Forward Looking 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 limitation, statements wit
Slide 21: Forward Looking Statements, continued
Forward Looking Statements, continued results of examinations of us by our regulators, including the possibility that our regulators may, among other things, require an increase in our reserve for credit losses on loans or a write-down of assets; the impact of technological changes and an inability
Slide 22: Important Statements
Important Statements Dollars in thousands, except per share data June 30, 2021 June 30, 2022 June 30, 2023 June 30, 2024 Dec. 31, 2024 Common stockholders' equity $ 283,423 $ 320,772 $ 446,058 $ 488,748 $ 512,371 Less: Goodwill 14,089 27,288 50,773 50,727 50,727 Less: Other intangible assets, net 7,
Slide 23: Important Statements
Important Statements For the six months ended Dollars in thousands, except per share data June 30, 2021 June 30, 2022 June 30, 2023 June 30, 2024 Dec. 31, 2024 Net income $ 47,180 $ 47,169 $ 39,237 $ 50,182 $ 27,110 Non-core (income) and expense items: Net interest income resulting from accretion of
Slide 24: Thank you
Stefan Chkautovich Executive Vice President and Chief Financial Officer Thank you. Matt Funke President and Chief Administrative Officer Greg Steffens Chairman and Chief Executive Officer
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