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Sep 30, 2020
Southern Missouri Bancorp Q1 2021 Earnings Report
Reported preliminary results for the first quarter of fiscal year 2021.
Key Takeaways
Southern Missouri Bancorp reported a net income of $10.0 million for Q1 2021, an increase of $2.2 million, or 27.6%, compared to the same period last year. Earnings per diluted common share were $1.09, up $0.24, or 28.2%, compared to the same quarter a year ago.
Annualized return on average assets was 1.57%, and annualized return on average common equity was 15.6%.
Earnings per common share (diluted) were $1.09, up $.24, or 28.2%, as compared to the same quarter a year ago.
Provision for loan losses was $774,000, a decrease of $122,000, or 13.6%, as compared to the same period of the prior year.
Net interest margin for the first quarter of fiscal 2021 was 3.73%, down from the 3.81% reported for the year ago period.
Revenue by Segment
Forward Guidance
Forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results to differ materially from the forward-looking statements.
Positive Outlook
- timely development of and acceptance of our new products and services
- success at managing the risks involved in the foregoing
- expected cost savings
- synergies and other benefits from our merger and acquisition activities
- ability to access cost-effective funding
Challenges Ahead
- potential adverse impacts to the economic conditions in the Company’s local market areas
- fluctuations in interest rates and in real estate values
- risks of lending and investing activities
- legislative or regulatory changes that adversely affect our business
Historical Earnings Impact
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Avg. Return Before/After Earnings
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