Southern Missouri Bancorp Q1 2025 Earnings Report
Key Takeaways
Southern Missouri Bancorp reported a net income of $12.5 million for the first quarter of fiscal year 2025, a decrease of 5.3% compared to the same period last year. The decline was primarily due to increased provision for credit losses and higher non-interest expenses, although this was partially offset by higher net interest income. Earnings per diluted common share were $1.10, down from $1.16 in the prior year.
Earnings per common share (diluted) were $1.10, a decrease of $0.06, or 5.2%, compared to the same quarter a year ago.
Annualized return on average assets (ROA) was 1.07%, and annualized return on average common equity (ROE) was 10.0%.
Net interest margin for the quarter was 3.37%, a decrease from 3.44% reported for the year-ago period.
Noninterest expense increased by 9.0% compared to the year-ago period, primarily due to increased compensation and benefits and legal and professional fees.
Southern Missouri Bancorp
Southern Missouri Bancorp
Forward Guidance
The company provided forward-looking statements that are subject to risks, uncertainties, and other factors that could cause actual results to differ materially.