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Mar 31
Southern Missouri Bancorp Q3 2025 Earnings Report
Southern Missouri Bancorp reported a significant increase in net income and improved profitability ratios for the third quarter of fiscal year 2025, driven by higher net interest income and noninterest income.
Key Takeaways
Southern Missouri Bancorp reported net income of $15.683 million for the three months ended March 31, 2025, a 38.7% increase compared to the same period last year. This growth was primarily due to increased net interest income and noninterest income, partially offset by higher noninterest expense, income taxes, and provision for credit losses. Diluted EPS for the quarter was $1.39.
Net income increased by 38.7% to $15.683 million for the three months ended March 31, 2025, compared to $11.307 million in the prior fiscal year.
Diluted earnings per share rose to $1.39, up from $0.99 in the same quarter last year, marking a 40.4% increase.
Net interest income grew by 14.4% to $39.479 million, with the net interest margin expanding by 24 basis points to 3.39%.
Noninterest income increased by 19.4% to $6.666 million, primarily due to the absence of a net realized loss on sale of AFS securities and increases in other loan fees and deposit account charges.
Southern Missouri Bancorp
Southern Missouri Bancorp
Southern Missouri Bancorp Revenue by Segment
Revenue by Segment
Deposit Account Charges Revenue
CapyFin.comBank Card Interchange Income Revenue
CapyFin.comLoan Servicing Fees Revenue
CapyFin.comOther Loan Fees Revenue
CapyFin.comNet Realized Gains on Sale of Loans Revenue
CapyFin.comEarnings on Bank Owned Life Insurance Revenue
CapyFin.comInsurance Brokerage Commissions Revenue
CapyFin.comWealth Management Fees Revenue
CapyFin.comOther Noninterest Income Revenue
CapyFin.comNet Realized Gains (Losses) on Sale of AFS Securities Revenue
CapyFin.com Forward Guidance
Management expects continued asset growth through loan originations and investment securities purchases, funded primarily by deposits from retail and commercial clients, public units, brokered funding, and FHLB borrowings. The Company will continue to manage its balance sheet to maximize earnings while maintaining sound risk management practices.
Positive Outlook
- Expected continued asset growth through loan originations and investment securities purchases.
- Primary funding for asset growth will come from deposits from retail and commercial clients, and public units.
- Utilization of brokered funding and short- and long-term FHLB borrowings to support growth.
- Continued focus on customer retention, customer satisfaction, and offering new products to increase less rate-sensitive deposit accounts.
- Management believes liquid resources will be sufficient to meet liquidity needs.
Challenges Ahead
- Potential adverse impacts to economic conditions in local market areas, including employment levels, labor shortages, and inflation.
- Fluctuations in interest rates and inflation, including effects of potential recession or slowed economic growth.
- Impact of monetary and fiscal policies of the Federal Reserve Board and U.S. Government.
- Risks of lending and investing activities, including changes in loan delinquencies and write-offs.
- Potential for regulatory agencies to require an increase in the reserve for credit losses or a write-down of assets.