Southern Missouri Bancorp Q2 2022 Earnings Report
Key Takeaways
Southern Missouri Bancorp reported preliminary net income of $12.0 million for Q2 2022, a slight decrease of 0.5% compared to the same period last year. EPS increased to $1.35, up from $1.32 in the prior year. Deposit balances increased by $180.6 million, and net loans increased by $109.1 million.
Annualized return on average assets was 1.69%, while annualized return on average common equity was 16.1%.
Earnings per common share (diluted) were $1.35, up $.03, or 2.3%, as compared to the same quarter a year ago.
The Company did not record a provision for credit losses (PCL) in the current quarter.
Deposit balances increased by $180.6 million in the quarter, inclusive of $28.5 million growth attributable to a single branch purchase and assumption.
Southern Missouri Bancorp
Southern Missouri Bancorp
Forward Guidance
The matters discussed in this press release may be deemed to be forward-looking statements that are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from the forward-looking statements