SOUTHERN MISSOURI BANCORP INC

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

SMBC$71.49-0.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

- Condensed Consolidated Statements of Income


· · Three months ended · Nine months ended ·
· March 31, · · March 31, ·
(dollars in thousands except per share data) · 2024 · 2023 · 2024 · 2023

Interest Income
Loans	$55,952	$43,115	$164,063	$113,288
Investment securities	1,729	2,076	5,217	3,519
Mortgage-backed securities	3,757	1,652	10,614	3,654
Other interest-earning assets	2,587	1,443	3,813	1,672
Total interest income	64,025	48,286	183,707	122,133
Interest Expense
Deposits	28,021	13,705	74,032	28,061
Securities sold under agreements to repurchase	—	213	—	213
Advances from FHLB	1,060	206	3,978	2,300
Subordinated debt	435	395	1,309	1,033
Total interest expense	29,516	14,519	79,319	31,607
Net Interest Income	34,509	33,767	104,388	90,526
Provision for Credit Losses	900	10,072	2,700	16,266
Net Interest Income After Provision for Credit Losses	33,609	23,695	101,688	74,260
Noninterest Income
Deposit account charges and related fees	1,847	2,089	5,421	5,578
Bank card interchange income	1,301	1,374	3,974	3,471
Loan late charges	150	161	409	402
Loan servicing fees	267	265	783	834
Other loan fees	757	465	1,758	1,959
Net realized gains on sale of loans	99	132	616	550
Net realized losses on sale of AFS securities	(807)	—	(1,489)	—
Earnings on bank owned life insurance	483	368	1,413	1,006
Insurance brokerage commissions	312	349	886	899
Wealth management	866	463	2,329	1,241
Other income	309	618	977	1,314
Total noninterest income	5,584	6,284	17,077	17,254
Noninterest Expense
Compensation and benefits	13,750	14,188	39,360	33,733
Occupancy and equipment, net	3,623	3,024	10,615	7,914
Data processing expense	2,349	2,505	7,039	5,380
Telecommunications expense	464	449	1,460	1,127
Deposit insurance premiums	677	231	1,824	710
Legal and professional fees	412	2,324	1,215	3,587
Advertising	622	409	1,479	1,074
Postage and office supplies	344	331	929	779
Intangibles amortization	1,018	812	3,053	1,615
Foreclosed property expenses	60	280	96	275
Other operating expense	1,730	2,439	5,546	5,356
Total noninterest expense	25,049	26,992	72,616	61,550
Income Before Income Taxes	14,144	2,987	46,149	29,964
Income Taxes	2,837	578	9,497	6,288
Net Income	$11,307	$2,409	$36,652	$23,676

Basic earnings per share	$1.00	$0.22	$3.23	$2.42
Diluted earnings per share	$0.99	$0.22	$3.22	$2.41
Dividends paid	$0.21	$0.21	$0.63	$0.63

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SOUTHERN MISSOURI BANCORP, INC

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.