SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR FOURTH QUARTER OF FISCAL 2026; DECLARES QUARTERLY DIVIDEND OF $0.27 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR THURSDAY, JULY 23, AT 9:30 AM CENTRAL TIME
Rhea-AI Summary
Southern Missouri Bancorp (NASDAQ: SMBC) reported preliminary fourth-quarter fiscal 2026 net income of $20.3 million, up 28.5% year over year, or $1.83 per diluted share, versus $1.39 a year ago. Full-year 2026 net income was $71.8 million, up 22.6%, with diluted EPS of $6.43, up 24.1% from 2025.
Quarterly ROA was 1.57% and ROE 14.0%. Net interest margin was 3.67%, with net interest income up 10.1% year over year. Loans grew 7.1% and deposits 3.0% versus June 30, 2025. Tangible book value per share rose 13.3% to $47.43. According to Southern Missouri Bancorp, the board declared a quarterly dividend of $0.27 per share, up 8.0%, payable August 31, 2026, and scheduled a July 23, 2026 conference call.
Positive
- Q4 2026 net income $20.3M, up 28.5% year over year
- Fiscal 2026 EPS $6.43, up 24.1% versus 2025
- Net interest income +10.1% year over year in Q4 2026
- Gross loans +$291.2M, or 7.1%, versus June 30, 2025
- Deposits +$126.5M, or 3.0%, versus June 30, 2025
- Quarterly dividend raised to $0.27 per share, +8.0%
Negative
- Provision for credit losses $3.2M in Q4, up $694K year over year
- Nonperforming loans up to $27.7M, 0.63% of gross loans
- Nonperforming assets up to $33.5M, 0.64% of total assets
- ACL coverage of NPLs down to 199% from 224% year over year
- Net charge-offs $4.3M in Q4, driven by ag and commercial credits
- Average loan-to-deposit ratio up to 99.7% from 94.5% year over year
News Market Reaction – SMBC
In the Jul 23 session, SMBC gained 3.06%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Conferences,dividends,earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 22 | Third-quarter earnings | Positive | +2.9% | Net income and diluted EPS increased; dividend was raised to $0.25 per share. |
| Jan 21 | Second-quarter earnings | Positive | +0.2% | Net income and diluted EPS rose year over year alongside higher net interest income. |
| Jul 23 | Fourth-quarter earnings | Positive | +1.5% | Net income increased and the company declared a quarterly dividend. |
| Apr 21 | Third-quarter earnings | Positive | +6.7% | Net income and EPS increased, while the quarterly dividend rose to $0.23. |
| Jan 27 | Second-quarter earnings | Positive | +1.7% | Net income and EPS increased with higher net interest and noninterest income. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
All five tag-matched earnings, dividend, and conference-call announcements had positive 24-hour price reactions.
Key Terms
net interest margin financial
allowance for credit losses financial
nonperforming loans financial
net charge-offs financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Poplar Bluff, Missouri, July 22, 2026 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the fourth quarter of fiscal 2026 of
Highlights for the fourth quarter of fiscal 2026:
- Earnings per common share (diluted) were
$1.83 , up$0.44 , or31.7% , as compared to the same quarter a year ago, and up$0.23 , or14.4% , from the third quarter of fiscal 2026, the linked quarter. - Annualized return on average assets (ROA) was
1.57% , while annualized return on average common equity (ROE) was14.0% , as compared to1.27% and11.8% , respectively, in the same quarter a year ago, and1.41% and12.6% , respectively, in the third quarter of fiscal 2026, the linked quarter. - Net interest margin for the quarter was
3.67% , up from3.47% reported for the year ago period, and unchanged from the third quarter of fiscal 2026, the linked quarter. Net interest income increased$4.1 million , or10.1% , as compared to the same quarter a year ago, and increased$1.3 million , or2.9% , as compared to the third quarter of fiscal 2026, the linked quarter. Net interest income in the fourth quarter of fiscal 2026 included a$603,000 reversal of accrued interest related to an agricultural production relationship placed on nonaccrual status, reducing net interest margin by approximately five basis points. - PCL was
$3.2 million during the fourth quarter of fiscal 2026, a$694,000 increase from the year ago period and a$1.1 million increase from the third quarter of fiscal 2026, the linked quarter. The increase was primarily driven by higher net charge-offs, higher reserves required for pooled loans driven largely by the Bank’s annual ACL model update, and to support loan growth. See “Balance Sheet Summary” below for more detailed information regarding nonperforming loans and allowance for credit losses (ACL). - Gross loan balances increased by
$69.4 million during the fourth quarter, and increased by$291.2 million , or7.1% , for the full fiscal year 2026. - Deposit balances increased by
$66.9 million during the fourth quarter, and increased by$126.5 million , or3.0% , for the full fiscal year 2026. - Tangible book value per share was
$47.43 , having increased by$5.56 , or13.3% , as compared to June 30, 2025. - The Company repurchased 4,000 shares of its common stock in the fourth quarter of fiscal 2026 at an average price of
$69.10 per share, for a total of$291,000 . For the full fiscal year 2026, the Company repurchased 317,000 shares of its common stock at an average price of$58.59 per share, for a total of$18.6 million . The average purchase price of shares purchased in fiscal 2026 was124% of tangible book value as of June 30, 2026.
Dividend Declared:
The Board of Directors, on July 21, 2026, declared a quarterly cash dividend on common stock of
Conference Call:
The Company will host a conference call to review the information provided in this press release on Thursday, July 23, 2026, at 9:30 a.m., central time. The call will be available live to interested parties by calling 1-800-715-9871 in the United States and from all other locations by calling 1-646-307-1963. Participants should use participant access code 3159664. Telephone playback will be available beginning one hour following the conclusion of the call through July 28, 2026. The playback may be accessed by dialing 1-800-770-2030 in the United States and Canada, and using the conference passcode 3159664.
Balance Sheet Summary:
The Company experienced balance sheet growth in fiscal 2026, with total assets of
Cash equivalents and time deposits were
Loans, net of the ACL, were
| Summary Loan Data as of: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | ||||||||||
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | ||||||||||
| 1-4 Family residential real estate | $ | 1,085,512 | $ | 1,063,006 | $ | 1,043,090 | $ | 1,021,300 | $ | 992,445 | |||||
| Non-owner occupied commercial real estate | 924,144 | 945,274 | 912,611 | 918,275 | 888,317 | ||||||||||
| Owner occupied commercial real estate | 471,990 | 476,994 | 460,064 | 454,265 | 442,984 | ||||||||||
| Multi-family real estate | 469,968 | 467,936 | 452,733 | 445,953 | 422,758 | ||||||||||
| Construction and land development | 310,006 | 279,943 | 298,412 | 283,912 | 332,405 | ||||||||||
| Agriculture real estate | 295,803 | 278,541 | 261,118 | 255,610 | 244,983 | ||||||||||
| Total loans secured by real estate | 3,557,423 | 3,511,694 | 3,428,028 | 3,379,315 | 3,323,892 | ||||||||||
| Commercial and industrial | 552,557 | 546,002 | 537,276 | 521,945 | 510,259 | ||||||||||
| Agriculture production | 219,155 | 204,447 | 202,892 | 229,338 | 206,128 | ||||||||||
| Consumer | 53,144 | 51,869 | 52,182 | 56,051 | 55,387 | ||||||||||
| All other loans | 9,529 | 8,348 | 6,178 | 5,094 | 5,102 | ||||||||||
| Total loans | 4,391,808 | 4,322,360 | 4,226,556 | 4,191,743 | 4,100,768 | ||||||||||
| Deferred loan fees, net | — | — | — | — | (178) | ||||||||||
| Gross loans | 4,391,808 | 4,322,360 | 4,226,556 | 4,191,743 | 4,100,590 | ||||||||||
| Allowance for credit losses | (54,912) | (55,937) | (54,465) | (52,081) | (51,629) | ||||||||||
| Net loans | $ | 4,336,896 | $ | 4,266,423 | $ | 4,172,091 | $ | 4,139,662 | $ | 4,048,961 | |||||
Loans anticipated to fund in the next 90 days totaled
The Bank’s concentration in non-owner occupied commercial real estate loans, as defined by banking regulatory guidance and including multi-family and construction and land development loans, is estimated at
Nonperforming loans (NPLs) were
The ACL at June 30, 2026, totaled
Total liabilities were
Deposits were
| Summary Deposit Data as of: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | ||||||||||
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | ||||||||||
| Non-interest bearing deposits | $ | 560,704 | $ | 528,601 | $ | 526,569 | $ | 501,885 | $ | 508,110 | |||||
| NOW accounts | 1,074,489 | 1,153,078 | 1,167,626 | 1,098,921 | 1,132,298 | ||||||||||
| MMDAs - non-brokered | 314,350 | 305,903 | 309,806 | 326,387 | 329,837 | ||||||||||
| Brokered MMDAs | 10,654 | 21,073 | 10,817 | 28,129 | 1,414 | ||||||||||
| Savings accounts | 707,482 | 718,199 | 701,553 | 715,406 | 661,115 | ||||||||||
| Total nonmaturity deposits | 2,667,679 | 2,726,854 | 2,716,371 | 2,670,728 | 2,632,774 | ||||||||||
| Certificates of deposit - non-brokered | 1,460,172 | 1,408,723 | 1,412,394 | 1,409,332 | 1,414,945 | ||||||||||
| Brokered certificates of deposit | 279,995 | 205,338 | 179,569 | 200,430 | 233,649 | ||||||||||
| Total certificates of deposit | 1,740,167 | 1,614,061 | 1,591,963 | 1,609,762 | 1,648,594 | ||||||||||
| Total deposits | $ | 4,407,846 | $ | 4,340,915 | $ | 4,308,334 | $ | 4,280,490 | $ | 4,281,368 | |||||
| Public unit nonmaturity accounts | $ | 420,047 | $ | 471,659 | $ | 490,060 | $ | 424,391 | $ | 435,632 | |||||
| Public unit certificates of deposit | 97,787 | 93,061 | 94,039 | 112,963 | 115,204 | ||||||||||
| Total public unit deposits | $ | 517,834 | $ | 564,720 | $ | 584,099 | $ | 537,354 | $ | 550,836 | |||||
FHLB advances were
The Company’s stockholders’ equity was
Quarterly Income Statement Summary:
The Company’s net interest income for the three-month period ended June 30, 2026, was
Loan discount accretion and liability premium amortization related to the November 2018 acquisition of First Commercial Bank, the May 2020 acquisition of Central Federal Savings & Loan Association, the February 2022 merger of FortuneBank, and the January 2024 acquisition of Citizens Bank & Trust resulted in
The Company recorded a PCL of
The Company’s noninterest income for the three-month period ended June 30, 2026, was
Noninterest expense for the three-month period ended June 30, 2026, was
The efficiency ratio for the three-month period ended June 30, 2026, was
The income tax provision was
Forward-Looking Information:
Except for the historical information contained herein, the matters discussed in this press release may be deemed to be forward-looking statements that are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from the forward-looking statements, including: expected cost savings, synergies and other benefits from our merger and acquisition activities, might not be realized within the anticipated time frames, to the extent anticipated, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention and labor shortages, might be greater than expected and goodwill impairment charges might be incurred; potential adverse impacts to economic conditions both nationally and in our local market areas and other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; the strength of the United States economy in general and the strength of the local economies in which we conduct operations; fluctuations in interest rates and inflation, including the effects of a potential recession whether caused by Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) actions or otherwise or slowed economic growth caused by changes in oil prices or supply chain disruptions; the impact of monetary and fiscal policies of the Federal Reserve Board and the U.S. Government or other governmental initiatives affecting the financial services industry; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the ACL on loans; our ability to access cost-effective funding and maintain sufficient liquidity; the timely development of and acceptance of new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors’ products and services; fluctuations in real estate values in both residential and commercial real estate markets, as well as agricultural business conditions; fluctuations in the demand for loans and deposits, including our ability to attract and retain deposits; the impact of a federal government shutdown; legislative or regulatory changes that adversely affect our business; the effects of climate change, severe weather events, other natural disasters, war, terrorist activities or civil unrest and their effects on economic and business environments in which the Company operates; changes in accounting principles, policies, or guidelines; results of examinations of us by our regulators, including the impact on FDIC insurance premiums and 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 to keep pace with the rate of technological advances; the inability of key third party providers to perform their obligations to us; cyber threats, such as phishing, ransomware, and insider attacks, which can lead to financial loss, reputational damage, and regulatory penalties if sensitive customer data and critical infrastructure are not adequately protected; our ability to retain key members of our management team; and our success at managing the risks involved in the foregoing. Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed might not occur, and you should not put undue reliance on any forward-looking statements.
Non-GAAP Financial Measures:
Tangible common equity and tangible book value per common share are financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental and are not intended to be a substitute for analyses based on GAAP measures. As other companies may utilize different methodologies for calculating these measures, this presentation may not be comparable to similarly titled measures used by other institutions.
Tangible common equity is calculated by excluding intangible assets from common stockholders’ equity. Tangible book value per common share is calculated by dividing tangible common equity by common shares outstanding, less restricted common shares not vested. For comparison, book value per common share is calculated by dividing common stockholders’ equity by common shares outstanding, less restricted common shares not vested. This approach is consistent with the treatment applied by bank regulatory agencies, which generally exclude intangible assets from the calculation of risk-based capital ratios.
Each of these non-GAAP financial measures provides information considered important to investors and is useful in understanding the Company’s capital position. Calculations of tangible common equity and tangible book value per common share to the corresponding GAAP measures of common stockholders’ equity and book value per common share are presented below.
Southern Missouri Bancorp, Inc.
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION
| Summary Balance Sheet Data as of: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | |||||||||||
| (dollars in thousands, except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | |||||||||||
| Cash equivalents and time deposits | $ | 90,966 | $ | 93,286 | $ | 134,309 | $ | 124,358 | $ | 193,105 | ||||||
| Available for sale (AFS) securities | 450,775 | 439,115 | 444,965 | 453,855 | 460,844 | |||||||||||
| FHLB/FRB membership stock | 20,111 | 18,863 | 18,552 | 18,489 | 18,500 | |||||||||||
| Loans held for sale | 1,787 | 1,033 | 1,271 | 277 | 431 | |||||||||||
| Loans receivable, gross | 4,391,808 | 4,322,360 | 4,226,556 | 4,191,743 | 4,100,590 | |||||||||||
| Allowance for credit losses | 54,912 | 55,937 | 54,465 | 52,081 | 51,629 | |||||||||||
| Loans receivable, net | 4,336,896 | 4,266,423 | 4,172,091 | 4,139,662 | 4,048,961 | |||||||||||
| Bank-owned life insurance | 77,117 | 77,155 | 76,793 | 76,240 | 75,691 | |||||||||||
| Intangible assets | 70,620 | 71,329 | 72,049 | 72,866 | 73,721 | |||||||||||
| Premises and equipment | 93,191 | 93,366 | 94,560 | 95,211 | 95,982 | |||||||||||
| Other assets | 93,438 | 80,894 | 79,797 | 55,374 | 52,372 | |||||||||||
| Total assets | $ | 5,234,901 | $ | 5,141,464 | $ | 5,094,387 | $ | 5,036,332 | $ | 5,019,607 | ||||||
| Interest-bearing deposits | $ | 3,847,142 | $ | 3,812,314 | $ | 3,781,765 | $ | 3,778,605 | $ | 3,773,258 | ||||||
| Noninterest-bearing deposits | 560,704 | 528,601 | 526,569 | 501,885 | 508,110 | |||||||||||
| Securities sold under agreements to repurchase | 20,000 | 20,000 | 20,000 | 20,000 | 15,000 | |||||||||||
| FHLB advances | 130,424 | 105,033 | 102,041 | 102,029 | 104,052 | |||||||||||
| Other liabilities | 70,187 | 78,758 | 73,417 | 50,371 | 51,287 | |||||||||||
| Subordinated debt | 15,766 | 23,248 | 23,235 | 23,221 | 23,208 | |||||||||||
| Total liabilities | 4,644,223 | 4,567,954 | 4,527,027 | 4,476,111 | 4,474,915 | |||||||||||
| Total stockholders’ equity | 590,678 | 573,510 | 567,360 | 560,221 | 544,692 | |||||||||||
| Total liabilities and stockholders’ equity | $ | 5,234,901 | $ | 5,141,464 | $ | 5,094,387 | $ | 5,036,332 | $ | 5,019,607 | ||||||
| Equity to assets ratio | 11.28 | % | 11.15 | % | 11.14 | % | 11.12 | % | 10.85 | % | ||||||
| Common shares outstanding | 11,011,109 | 11,015,112 | 11,142,733 | 11,290,667 | 11,299,467 | |||||||||||
| Less: Restricted common shares not vested | 46,740 | 50,525 | 49,075 | 48,675 | 50,163 | |||||||||||
| Common shares for book value determination | 10,964,369 | 10,964,587 | 11,093,658 | 11,241,992 | 11,249,304 | |||||||||||
| Book value per common share | $ | 53.87 | $ | 52.31 | $ | 51.14 | $ | 49.83 | $ | 48.42 | ||||||
| Less: Intangible assets per common share | 6.44 | 6.51 | 6.49 | 6.48 | 6.55 | |||||||||||
| Tangible book value per common share (1) | 47.43 | 45.80 | 44.65 | 43.35 | 41.87 | |||||||||||
| Closing market price | 76.21 | 63.94 | 59.12 | 52.56 | 54.78 | |||||||||||
(1) Non-GAAP financial measure.
| Nonperforming asset data as of: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | |||||||||||
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | |||||||||||
| Nonaccrual loans | $ | 27,655 | $ | 30,135 | $ | 29,655 | $ | 26,031 | $ | 23,040 | ||||||
| Accruing loans 90 days or more past due | — | — | — | — | — | |||||||||||
| Total nonperforming loans | 27,655 | 30,135 | 29,655 | 26,031 | 23,040 | |||||||||||
| Other real estate owned (OREO) | 5,631 | 1,795 | 1,536 | 1,006 | 625 | |||||||||||
| Personal property repossessed | 209 | 23 | 5 | 45 | 32 | |||||||||||
| Total nonperforming assets | $ | 33,495 | $ | 31,953 | $ | 31,196 | $ | 27,082 | $ | 23,697 | ||||||
| Total nonperforming assets to total assets | 0.64 | % | 0.62 | % | 0.61 | % | 0.54 | % | 0.47 | % | ||||||
| Total nonperforming loans to gross loans | 0.63 | % | 0.70 | % | 0.70 | % | 0.62 | % | 0.56 | % | ||||||
| Allowance for credit losses to nonperforming loans | 198.56 | % | 185.62 | % | 183.66 | % | 200.07 | % | 224.08 | % | ||||||
| Allowance for credit losses to gross loans | 1.25 | % | 1.29 | % | 1.29 | % | 1.24 | % | 1.26 | % | ||||||
| Performing modifications to borrowers experiencing financial difficulty | $ | 30,989 | $ | 31,672 | $ | 32,048 | $ | 27,072 | $ | 26,642 | ||||||
| For the three-month period ended | |||||||||||||||
| Quarterly Summary Income Statement Data: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | ||||||||||
| (dollars in thousands, except per share data) | 2026 | 2026 | 2025 | 2025 | 2025 | ||||||||||
| Interest income: | |||||||||||||||
| Cash equivalents | $ | 430 | $ | 659 | $ | 1,059 | $ | 1,114 | $ | 1,698 | |||||
| AFS securities and membership stock | 4,960 | 4,902 | 5,198 | 5,456 | 5,586 | ||||||||||
| Loans receivable | 67,375 | 65,398 | 65,975 | 66,460 | 63,354 | ||||||||||
| Total interest income | 72,765 | 70,959 | 72,232 | 73,030 | 70,638 | ||||||||||
| Interest expense: | |||||||||||||||
| Deposits | 26,398 | 26,172 | 27,699 | 28,940 | 28,644 | ||||||||||
| Securities sold under agreements to repurchase | 202 | 200 | 204 | 200 | 191 | ||||||||||
| FHLB advances | 1,433 | 1,070 | 1,080 | 1,081 | 1,080 | ||||||||||
| Subordinated debt | 325 | 362 | 379 | 391 | 390 | ||||||||||
| Total interest expense | 28,358 | 27,804 | 29,362 | 30,612 | 30,305 | ||||||||||
| Net interest income | 44,407 | 43,155 | 42,870 | 42,418 | 40,333 | ||||||||||
| Provision for credit losses | 3,194 | 2,080 | 1,680 | 4,500 | 2,500 | ||||||||||
| Noninterest income: | |||||||||||||||
| Deposit account charges and related fees | 2,356 | 2,331 | 2,429 | 2,365 | 2,156 | ||||||||||
| Bank card interchange income | 1,744 | 1,592 | 1,614 | 1,530 | 1,839 | ||||||||||
| Loan servicing fees | 247 | 245 | 250 | 263 | 167 | ||||||||||
| Other loan fees | 79 | 27 | 164 | 194 | 917 | ||||||||||
| Net realized gains on sale of loans | 336 | 226 | 167 | 175 | 143 | ||||||||||
| Earnings on bank owned life insurance | 794 | 677 | 552 | 548 | 533 | ||||||||||
| Insurance brokerage commissions | 414 | 353 | 345 | 319 | 368 | ||||||||||
| Wealth management fees | 1,041 | 944 | 936 | 851 | 825 | ||||||||||
| Other noninterest income | 347 | 695 | 319 | 328 | 332 | ||||||||||
| Total noninterest income | 7,358 | 7,090 | 6,776 | 6,573 | 7,280 | ||||||||||
| Noninterest expense: | |||||||||||||||
| Compensation and benefits | 14,130 | 14,054 | 13,651 | 13,065 | 13,852 | ||||||||||
| Occupancy and equipment, net | 3,787 | 4,040 | 3,834 | 3,788 | 3,745 | ||||||||||
| Data processing expense | 2,650 | 2,770 | 2,666 | 2,513 | 2,573 | ||||||||||
| Telecommunications expense | 288 | 308 | 309 | 347 | 312 | ||||||||||
| Deposit insurance premiums | 480 | 495 | 600 | 620 | 601 | ||||||||||
| Legal and professional fees | 633 | 521 | 478 | 1,075 | 1,165 | ||||||||||
| Advertising | 580 | 553 | 538 | 614 | 551 | ||||||||||
| Postage and office supplies | 363 | 373 | 333 | 300 | 336 | ||||||||||
| Intangible amortization | 702 | 709 | 808 | 857 | 857 | ||||||||||
| Foreclosed property expenses, net | 43 | 108 | 31 | 58 | (18) | ||||||||||
| Other noninterest expense | 1,889 | 2,292 | 2,022 | 1,814 | 2,002 | ||||||||||
| Total noninterest expense | 25,545 | 26,223 | 25,270 | 25,051 | 25,976 | ||||||||||
| Net income before income taxes | 23,026 | 21,942 | 22,696 | 19,440 | 19,137 | ||||||||||
| Income taxes | 2,747 | 4,181 | 4,546 | 3,790 | 3,351 | ||||||||||
| Net income | 20,279 | 17,761 | 18,150 | 15,650 | 15,786 | ||||||||||
| Less: Distributed and undistributed earnings allocated | |||||||||||||||
| to participating securities | 86 | 81 | 79 | 67 | 71 | ||||||||||
| Net income available to common shareholders | $ | 20,193 | $ | 17,680 | $ | 18,071 | $ | 15,583 | $ | 15,715 | |||||
| Basic earnings per common share | $ | 1.84 | $ | 1.60 | $ | 1.62 | $ | 1.39 | $ | 1.40 | |||||
| Diluted earnings per common share | 1.83 | 1.60 | 1.62 | 1.38 | 1.39 | ||||||||||
| Dividends per common share | 0.25 | 0.25 | 0.25 | 0.25 | 0.23 | ||||||||||
| Average common shares outstanding: | |||||||||||||||
| Basic | 10,966,000 | 11,041,000 | 11,153,000 | 11,247,000 | 11,250,000 | ||||||||||
| Diluted | 11,009,000 | 11,075,000 | 11,179,000 | 11,272,000 | 11,270,000 | ||||||||||
| For the three-month period ended | ||||||||||||||||
| Quarterly Average Balance Sheet Data: | June 30, | Mar. 31, | Dec. 31, | Sep. 30, | June 30, | |||||||||||
| (dollars in thousands) | 2026 | 2026 | 2025 | 2025 | 2025 | |||||||||||
| Interest-bearing cash equivalents | $ | 39,923 | $ | 68,374 | $ | 103,156 | $ | 97,948 | $ | 151,380 | ||||||
| AFS securities and membership stock | 473,931 | 469,515 | 478,219 | 493,125 | 498,491 | |||||||||||
| Loans receivable, gross | 4,343,778 | 4,235,274 | 4,181,158 | 4,118,859 | 4,018,769 | |||||||||||
| Total interest-earning assets | 4,857,632 | 4,773,163 | 4,762,533 | 4,709,932 | 4,668,640 | |||||||||||
| Other assets | 336,502 | 342,334 | 321,042 | 302,630 | 299,217 | |||||||||||
| Total assets | $ | 5,194,134 | $ | 5,115,497 | $ | 5,083,575 | $ | 5,012,562 | $ | 4,967,857 | ||||||
| Interest-bearing deposits | $ | 3,804,517 | $ | 3,793,242 | $ | 3,782,764 | $ | 3,741,361 | $ | 3,727,836 | ||||||
| Securities sold under agreements to repurchase | 20,000 | 20,000 | 20,000 | 18,043 | 15,000 | |||||||||||
| FHLB advances | 140,095 | 103,556 | 102,046 | 102,410 | 104,053 | |||||||||||
| Subordinated debt | 19,506 | 23,241 | 23,228 | 23,215 | 23,201 | |||||||||||
| Total interest-bearing liabilities | 3,984,118 | 3,940,039 | 3,928,038 | 3,885,029 | 3,870,090 | |||||||||||
| Noninterest-bearing deposits | 553,513 | 528,820 | 541,110 | 533,809 | 524,860 | |||||||||||
| Other noninterest-bearing liabilities | 74,548 | 74,431 | 51,411 | 41,937 | 37,014 | |||||||||||
| Total liabilities | 4,612,179 | 4,543,290 | 4,520,559 | 4,460,775 | 4,431,964 | |||||||||||
| Total stockholders’ equity | 581,955 | 572,207 | 563,016 | 551,787 | 535,893 | |||||||||||
| Total liabilities and stockholders’ equity | $ | 5,194,134 | $ | 5,115,497 | $ | 5,083,575 | $ | 5,012,562 | $ | 4,967,857 | ||||||
| Return on average assets | 1.57 | % | 1.41 | % | 1.42 | % | 1.24 | % | 1.27 | % | ||||||
| Return on average common stockholders’ equity | 14.0 | % | 12.6 | % | 12.8 | % | 11.3 | % | 11.8 | % | ||||||
| Net interest margin | 3.67 | % | 3.67 | % | 3.57 | % | 3.57 | % | 3.47 | % | ||||||
| Net interest spread | 3.16 | % | 3.17 | % | 3.05 | % | 3.02 | % | 2.93 | % | ||||||
| Efficiency ratio | 49.3 | % | 52.2 | % | 50.9 | % | 51.1 | % | 54.6 | % | ||||||
Stefan Chkautovich schkautovich@bankwithsouthern.com 573-778-1800