Loading...
•
Jun 30, 2024
Southern Missouri Bancorp Q4 2024 Earnings Report
Southern Missouri Bancorp reported a decrease in net income for Q4 2024, driven by lower net interest and noninterest income.
Key Takeaways
Southern Missouri Bancorp reported a net income of $13.5 million for the fourth quarter of fiscal year 2024, a decrease of $2.0 million compared to the same period last year. Earnings per diluted common share were $1.19, down from $1.37 in the prior year. The decrease was primarily due to lower net interest income and noninterest income.
Earnings per common share (diluted) were $1.19, down $0.18, or 13.1%, as compared to the same quarter a year ago.
Annualized return on average assets (ROA) was 1.17%, while annualized return on average common equity (ROE) was 11.2%, as compared to 1.44% and 14.1%, respectively, in the same quarter a year ago.
Net interest margin for the quarter was 3.25%, down from the 3.60% reported for the year ago period.
Noninterest income was down 13.2% for the quarter, as compared to the year ago period.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...