Welcome to our dedicated page for Southern Missouri Bancorp news (Ticker: SMBC), a resource for investors and traders seeking the latest updates and insights on Southern Missouri Bancorp stock.
Southern Missouri Bancorp, Inc. (NASDAQ: SMBC) is the parent company of Southern Bank, a Missouri-based financial institution focused on community banking and savings activities. News about Southern Missouri Bancorp frequently centers on its quarterly and annual financial results, dividend declarations, and detailed balance sheet updates. The company issues regular press releases announcing preliminary earnings, net income per diluted share, net interest margin, and returns on average assets and common equity, giving investors insight into how loan growth, deposit trends, and funding costs are affecting performance.
SMBC’s news flow also highlights developments in its loan and deposit portfolios. The company reports changes in gross loan balances across categories such as one- to four-family residential real estate, non-owner occupied and owner occupied commercial real estate, multi-family real estate, construction and land development, agricultural real estate and production, commercial and industrial loans, and consumer loans. These updates often include commentary on concentrations in non-owner occupied commercial real estate and the composition of collateral, including multi-family properties, hospitality, care facilities, retail stand-alone properties, strip centers, and storage units.
On the funding side, Southern Missouri Bancorp’s releases describe movements in non-interest bearing deposits, NOW accounts, money market and savings accounts, certificates of deposit, brokered deposits, and public unit deposits, along with changes in Federal Home Loan Bank advances and securities sold under agreements to repurchase. Investors following SMBC news can also track nonperforming loans and assets, allowance for credit losses, and net charge-off trends, as the company provides regular updates on asset quality and credit loss provisioning under ASC 326-20.
Corporate actions and governance items, such as executive leadership changes, amendments to bylaws, and shareholder meeting results, are disclosed through news releases and Form 8-K filings. For ongoing coverage of SMBC, this news page aggregates the company’s earnings announcements, dividend declarations, investor presentations, and other material updates, allowing readers to review how Southern Missouri Bancorp’s financial condition and strategic decisions evolve over time.
Southern Missouri Bancorp (NASDAQ: SMBC) has successfully completed its merger with Fortune Financial Corporation, enhancing its presence across Missouri, Illinois, and Arkansas with a total of 52 banking facilities. Each Fortune stockholder will receive either 0.3025 shares of Southern Missouri or $13.31 in cash per share, resulting in a merger consideration of approximately $31.7 million. Following the merger, the combined entity holds assets of around $3.2 billion, with loans netting $2.6 billion and deposits at $2.8 billion, substantially expanding Southern Missouri's market footprint.
Southern Missouri Bancorp (NASDAQ: SMBC) announced an important update regarding its acquisition of Fortune Financial Corporation. Shareholders of Fortune must elect their preferred form of merger consideration—either 0.2853 shares of SMBC or $12.55 in cash—by February 22, 2022, 5:00 p.m. CST. If no election is made, the default will depend on the overall mix of submissions. The transaction is approved by Fortune’s shareholders and awaits customary closing conditions. This merger aims for a balanced cash-stock ratio and is expected to drive future growth.
Southern Missouri Bancorp (NASDAQ: SMBC) reported preliminary net income of $12.0 million for Q2 FY2022, down $63,000 or 0.5% year-over-year. Earnings per share increased by 2.3% to $1.35, although down 5.6% from the previous quarter. Key metrics showed annualized return on assets at 1.69% and return on equity at 16.1%. Noninterest income decreased by 7.6% while net interest income rose by 6.5%. The company declared a quarterly dividend of $0.20, marking its 111th consecutive payment. Assets grew to $2.9 billion, highlighted by a significant increase in deposit balances.
Southern Missouri Bancorp, Inc. (NASDAQ: SMBC) reported preliminary net income of $12.7 million for Q1 fiscal 2022, a 27.6% increase year-over-year. Earnings per share rose to $1.43, up 31.2% compared to the previous year. Key drivers included a rise in net interest income, partially offset by increased noninterest expenses. The return on average assets and equity improved to 1.87% and 17.7% respectively. Despite nonperforming assets slightly increasing to 0.31% of total assets, overall asset growth was noted with total assets reaching $2.7 billion.
Southern Missouri Bancorp (NASDAQ: SMBC) announced a merger agreement to acquire Fortune Financial Corporation, a stock and cash transaction valued at approximately $29.9 million. Fortune, with assets of $253.7 million, enhances Southern Missouri's footprint in the St. Louis MSA, increasing total assets to about $3 billion post-merger. The deal involves a stock exchange or cash payment for Fortune shareholders and expects an 8.8% earnings per share accretion in FY 2022. The transaction is anticipated to complete in early 2022, pending regulatory and shareholder approvals.
Southern Missouri Bancorp (SMBC) reported preliminary net income of $13.7 million for Q4 FY2021, a 98.3% increase from the previous year, mainly due to a negative provision for credit losses. Net income per diluted share rose to $1.53, up from $0.76. For the full fiscal year, net income reached $47.2 million, up 71.3%. The annualized return on average assets was 2.01%, and return on average equity was 19.8%. Noninterest income increased by 11.4%. The Board declared a 25% quarterly cash dividend, marking 109 consecutive quarters of dividends.
Southern Missouri Bancorp (NASDAQ: SMBC) reported a preliminary net income of $11.5 million for Q3 fiscal 2021, soaring 124.7% year-over-year. This translates to $1.27 per diluted share, up 130.9% from last year. Key drivers included increased net interest income, reduced provisions for credit losses, and enhanced noninterest income. Nonperforming assets decreased to 0.34% of total assets. The company declared a quarterly dividend of $0.16, marking the 108th consecutive dividend. Total assets reached $2.7 billion, up 7.5% year-over-year.
Southern Missouri Bancorp (NASDAQ: SMBC) reported a preliminary net income of $12.0 million for Q2 FY2021, a 56.1% increase year-over-year. Earnings per diluted share rose to $1.32, up 57.1% from last year. Key growth drivers included increased net interest income and noninterest income, which rose by 21.4% and 55.7% respectively. The net interest margin improved to 3.92%. However, credit loss provisions increased by 57.7%. The Board declared a quarterly dividend of $0.16, marking a 6.7% increase from the previous dividend.
Southern Missouri Bancorp, Inc. (SMBC) reported a preliminary net income of $10.0 million for Q1 FY2021, a 27.6% increase from the previous year. Earnings per share rose to $1.09, up 28.2%. This growth was driven by higher net interest and noninterest income, alongside a decrease in loan loss provisions. However, deposit balances fell by $16.8 million, and the net interest margin decreased to 3.73%. Nonperforming assets remained stable at 0.44% of total assets. The company declared a cash dividend of $0.15 for Q4.
Southern Missouri Bancorp (SMBC) reported a preliminary net income of $6.9 million for Q4 FY2020, an 8.7% decline from the previous year. This equates to $0.76 per diluted share, down from $0.81. For the full fiscal year, net income was $27.5 million, a decrease of 4.7%. The annualized return on average assets was 1.10%, and return on average common equity was 10.8%. Notably, provisions for loan losses surged by 242.1% to $1.9 million, attributed to increased watch status loans and COVID-19 uncertainties. The company’s total assets rose to $2.5 billion, with significant loan and deposit growth driven by PPP loans and recent acquisitions.