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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.
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.