What factors drove the changes in Southern Missouri's revenue and profit?

What were the key takeaways from Southern Missouri’s earnings call?

What guidance did Southern Missouri's management provide for the next earnings period?

What is Southern Missouri's gross profit margin?

What does Southern Missouri do and what are its main business segments?

What is Southern Missouri's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Southern Missouri year over year?

Did Southern Missouri beat or miss consensus estimates last quarter?

- **Loan growth acceleration**: 8.8% annualized loan growth with $225 million year-over-year increase.
- **Margin expansion**: 3.57% net interest margin (up 10 basis points quarter-over-quarter).
- **Credit quality concerns**: Nonperforming loans at 0.62%, driven by special purpose CRE relationship.
- **Agricultural sector risks**: Mixed crop yields, elevated input costs, and stable land/equipment values.
- **Strategic initiatives**: M&A pipeline with focus on $1 billion+ deals, 50+ potential partners.

**【Management Opening Remarks】**
- **Stable earnings growth**: Net interest margin expanded to 3.57% (up 10 basis points quarter-over-quarter), driven by loan yield increases and deposit cost decreases.
- **Loan growth momentum**: Gross loans increased $91 million (2.2% linked quarter) with annualized growth of $225 million (5.7% year-over-year).
- **Deposit stability**: Core deposits grew $14 million (0.3% linked quarter) with 12-month growth of $240 million (5.9%).
- **Share buyback activity**: Repurchased 8,000 shares at $55 average price, representing 127% of tangible book value.

**【CEO Summary Section】**
- **Credit quality metrics**: Nonperforming loans at 0.62% (up 6 basis points linked quarter), driven by special purpose CRE relationship.
- **Agricultural sector challenges**: Mixed crop yields, elevated input costs, and stable land/equipment values.
- **Strategic initiatives**: M&A pipeline with focus on $1 billion+ asset deals, 50+ potential partners in Missouri/Arkansas.

**【CFO Financial Commentary】**
- **Net interest income drivers**: 8 basis point yield expansion, 1 basis point deposit cost decline.
- **Expense management**: Noninterest expense down 3.6% ($925,000) linked quarter, offset by $707,000 noninterest income decline.
- **Credit metrics**: Allowance for credit losses at 124% of gross loans, up from 118% linked quarter.

**【Q&A Highlights】**
- **Charge-off outlook**: Expect decline from recent elevated levels, but 2025 ag season uncertain.
- **Margin sensitivity**: 1-3% net interest income benefit from rate cuts.
- **M&A activity**: Authorized 200,000 shares for buyback, targeting 3-year earnback period.
- **Agricultural risk**: 30% soybeans/30% corn mix with mixed 2025 crop yields.

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

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SMBC

SMBC fundamentals

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