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Sep 30, 2024
Southern Missouri Bancorp Q1 2025 Earnings Report
Preliminary results for Q1 2025 were reported, with net income decreasing due to higher provision for credit loss expense and non-interest expense, partially offset by an increase in net interest income.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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