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Dec 31, 2025
Southern Missouri Bancorp Q2 2026 Earnings Report
Southern Missouri Bancorp reported net income of $18.2 million for Q2 2026, driven by higher net interest income despite increases in provisions and noninterest expenses.
Key Takeaways
Southern Missouri Bancorp delivered strong Q2 2026 results with net income rising to $18.2 million. EPS improved to $1.62, while return metrics and net interest margin showed year-over-year gains. A new share repurchase program was authorized.
Net income rose to $18.2 million, with diluted EPS increasing to $1.62.
Return on average assets was 1.42%, and return on average common equity reached 12.8%.
Net interest margin remained strong at 3.57%, supported by increased interest income.
The company authorized a new repurchase program for up to 5% of its outstanding shares.
Revenue by Segment
Forward Guidance
Management expressed cautious optimism amid strong earnings, noting potential headwinds from economic uncertainty, but reaffirmed confidence in long-term growth.
Positive Outlook
- Net interest margin held steady at 3.57%, reflecting efficient asset-liability management.
- Shareholder value supported through a new repurchase program authorization.
- Tangible book value per share increased to $44.65, up 14.8% YoY.
- Loan balances rose $34.8 million during the quarter, showing continued loan demand.
- Effective tax rate improved to 20.0%, down from 23.7% YoY.
Challenges Ahead
- Provision for credit losses increased to $1.7 million from $932,000 YoY.
- Nonperforming loans increased to $29.7 million, or 0.70% of gross loans.
- Noninterest income declined slightly due to changes in loan fee recognition.
- ACL coverage ratio to NPLs declined to 184% from 224% in the previous quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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