Southern Missouri Bancorp, Inc. (SMBC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining us today for the Southern Missouri Bancorp Earnings Conference Call. My name is Sammy, and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two on your telephone keypad to remove yourself from the question queue. I'd now like to hand over to your host, Stefan Chkaltovich, Executive Vice President and CFO to begin. Please go ahead, Stefan. Thank you, Sammy. Good morning, everyone. This is Stephan Chikatovich, CFO with Southern Missouri Bancorp. Thank you for joining us today. The purpose of this call is to review the information and data presented in our quarterly earnings release, dated Wednesday, October 22, 2025, and to take your questions. We may make certain forward-looking statements during today's call, and we refer you to our cautionary statement regarding the forward-looking statements contained in the press release. I'm joined on the call today by Craig Steffens, our Chairman and CEO, and Matt Funke, President and Chief Administrative Officer. Matt will lead off our conversation today with some highlights from our most recent quarter. Thanks, Steffen. Good morning, everyone. This is Matt Funke. I'll start off with some highlights on our financial results for the September quarter, which is the first quarter of our fiscal year. Compared to the June linked quarter, we had relatively stable earnings and profitability with solid growth in net interest income, which stemmed from loan growth and further net interest margin expansion and a decline in operating expenses. These improvements were offset by a larger provision for credit losses and a decrease in fee income. ...