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Dec 31, 2023
Southern Missouri Bancorp Q2 2024 Earnings Report
Southern Missouri Bancorp's net income increased, driven by net interest income and noninterest income, while earnings per share decreased due to factors including a loss on bond sales.
Key Takeaways
Southern Missouri Bancorp reported a net income of $12.2 million for Q2 2024, a 4.5% increase compared to the same period last year. However, diluted earnings per share decreased to $1.07 from $1.26 year-over-year.
Earnings per common share (diluted) decreased by 15.1% year-over-year to $1.07.
Annualized return on average assets (ROAA) was 1.07%, and annualized return on average common equity was 10.6%.
Net interest margin was 3.25%, while net interest income increased by 22.1% compared to the same quarter last year.
Noninterest expense increased by 35.3% year-over-year, primarily due to the merger with Citizens Bank & Trust.
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