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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.
Southern Missouri Bancorp
Southern Missouri Bancorp
Southern Missouri Bancorp Revenue by Segment
Revenue by Segment
Deposit Account Charges Revenue
CapyFin.comBank Card Interchange Income Revenue
CapyFin.comLoan Servicing Fees Revenue
CapyFin.comOther Loan Fees Revenue
CapyFin.comNet Realized Gains on Sale of Loans Revenue
CapyFin.comEarnings on Bank Owned Life Insurance Revenue
CapyFin.com 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
- the impact of technological changes