| 
| Forward Looking Statements
This document contains statements about the Company and its subsidiaries which we believe are “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 relate to our financial condition, results of operations, and may include, without limitation, statements with respect to anticipated future operating
and financial performance, growth opportunities, interest rates, cost savings and funding advantages expected or anticipated to be realized by management. Words such as “may,” “could,” “should,” “would,” “believe,”
“anticipate,” “estimate,” “expect,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements by the Company and its management are based on beliefs,
plans, objectives, goals, expectations, anticipations, estimates and intentions of management and are not guarantees of future performance. The important factors we discuss below, as well as other factors discussed under
the caption "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and identified in our Annual Report on Form 10-K and in our other filings with the SEC and those presented elsewhere by
our management from time to time, could cause actual results to differ materially from those indicated by the forward-looking statements made in this document:
expected cost savings, synergies and other benefits from our merger and acquisition activities, including our recently completed acquisitions, 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, 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 Federal Reserve 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 Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) and the U.S. Government and other governmental initiatives affecting the financial services
industry;
potential imposition of new or increased tariffs or changes to existing trade policies that could affect economic activity or specific industry sectors;
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 allowance for credit losses on loans;
our ability to access cost-effective funding and maintain sufficient liquidity;
the timely development of and acceptance of our 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 and 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, 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.
Important Statements
21 |