Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the first quarter of fiscal 2023 of $9.6 million, a decrease of $3.1 million, or 24.7%, as compared to the same period of the prior fiscal year. The decrease was attributable to increases in provision for credit losses and noninterest expense, partially offset by increases in net interest income and noninterest income, and a decrease in provision for income taxes. Preliminary net income was $1.04 per fully diluted common share for the first quarter of fiscal 2023, a decrease of $.39 as compared to the $1.43 per fully diluted common share reported for the same period of the prior fiscal year.

Highlights for the first quarter of fiscal 2023:

  • Earnings per common share (diluted) were $1.04, down $.39, or 27.3%, as compared to the same quarter a year ago, and down $0.37, or 26.2% from the fourth quarter of fiscal 2022, the linked quarter.
  • Annualized return on average assets was 1.16%, while annualized return on average common equity was 11.7%, as compared to 1.87% and 17.7%, respectively, in the same quarter a year ago, and 1.62% and 16.2%, respectively, in the fourth quarter of fiscal 2022, the linked quarter.
  • Net interest margin for the quarter was 3.65%, as compared to 4.01% reported for the year ago period, and 3.66% reported for the fourth quarter of fiscal 2022, the linked quarter. Net interest income increased $750,000 from the fourth quarter of fiscal 2022, the linked quarter, and $2.9 million, or 11.2% compared to the same quarter a year ago.
  • The provision for credit losses (PCL) was $5.1 million in the quarter, an increase of $5.4 million as compared to a PCL recovery of $305,000 in the same period of the prior fiscal year, and an increase of $4.8 million as compared to a PCL charge of $240,000 in the fourth quarter of fiscal 2022, the linked quarter. The increased level of provisioning was driven mostly by the loan growth during the quarter, as well as a modest decline in the modeled economic outlook.
  • Noninterest income was up 22.1% for the quarter, as compared to the year ago period, and down 15.2% as compared to the fourth quarter of fiscal 2022, the linked quarter. Compared to the year-ago quarter, increases in deposit service charge income and loan fees were partially offset by decreases in gains on loan sales.
  • Noninterest expense was up 19.0% for the quarter, as compared to the year ago period, and down 2.4% from the fourth quarter of fiscal 2022, the linked quarter. In the current quarter, charges attributable to merger and acquisition activity totaled $169,000 as compared to $25,000 in the year ago quarter, and $117,000 in the fourth quarter of fiscal 2022, the linked quarter.
  • Nonperforming assets were $5.7 million, or 0.17% of total assets, at September 30, 2022, as compared to $8.4 million, or 0.37% of total assets, at September 30, 2021, and $6.3 million, or 0.20% of total assets, at June 30, 2022.
  • Gross loan balances increased $257.2 million during the first quarter, and $694.6 million as compared to one year ago. The Fortune merger, completed in February 2022, contributed $201 million to growth over the trailing twelve-month period. Deposit balances increased by $35.9 million in the first quarter and $479.3 million as compared to one year ago. The Fortune merger contributed $218.3 million to growth over the trailing twelve-month period.

Dividend Declared:

The Board of Directors, on October 20, 2022, declared a quarterly cash dividend on common stock of $0.21, payable November 30, 2022, to stockholders of record at the close of business on November 15, 2022, marking the 114th consecutive quarterly dividend since the inception of the Company. The Board of Directors and management believe the payment of a quarterly cash dividend enhances stockholder value and demonstrates our commitment to and confidence in our future prospects.

Other News:

As the Company noted in a current report on Form 8-K filed September 20, 2022, we entered into an Agreement and Plan of Merger (the “Merger Agreement”) on September 20, 2022 with Citizens Bancshares, Co., Kansas City, Missouri (“Citizens”) which is the parent company of Citizens Bank and Trust Company. The Merger Agreement provides that Citizens’ shareholders are projected to receive either a fixed exchange ratio of 1.1448 shares of Southern Missouri common stock or a cash payment of $53.50 for each Citizens’ share. The transaction’s value is approximately $140.0 million, with merger consideration comprised of stock and cash at a 75:25 ratio. The completion of the merger is subject to customary conditions, including approval of the Merger Agreement by Citizens’ shareholders, approval of issuance of our shares in the merger by Company and the receipt of required regulatory approvals. The merger currently is anticipated to be completed in the first quarter of calendar 2023.

Conference Call:

The Company will host a conference call to review the information provided in this press release on Tuesday, October 25, 2022, at 8:30 a.m., central time. The call will be available live to interested parties by calling 1-844-200-6205 in the United States (Canada: 1-833-950-0062; all other locations: 1-929-526-1599). Participants should use participant access code 180195. Telephone playback will be available beginning one hour following the conclusion of the call through October 29, 2022. The playback may be accessed in the United States by dialing 1-866-813-9403 (Canada: 1-226-828-7578, UK local: 0204-525-0658, and all other locations: +44-204-525-0658), and using the conference passcode 334157.

Balance Sheet Summary:

The Company experienced balance sheet growth in the first three months of fiscal 2023, with total assets of $3.4 billion at September 30, 2022, reflecting an increase of $230.1 million, or 7.2%, as compared to June 30, 2022. Growth primarily reflected an increase in net loans receivable, partially offset by a decrease in cash and cash equivalents.

Cash equivalents and time deposits were a combined $49.7 million at September 30, 2022, a decrease of $41.8 million, or 45.7%, as compared to June 30, 2022. The decrease was primarily a result of loan growth outpacing deposit growth during the period. AFS securities were $235.1 million at September 30, 2022, a decrease of $278,000, or 0.1%, as compared to June 30, 2022.

Loans, net of the allowance for credit losses (ACL), were $2.9 billion at September 30, 2022, an increase of $253.0 million, or 9.4%, as compared to June 30, 2022. Gross loans increased by $257.2 million, while the ACL attributable to outstanding loan balances increased $4.2 million, or 12.7%, as compared to June 30, 2022. The increase in loan balances was attributable to growth in commercial and residential real estate loans, commercial loans, and a modest contribution from consumer loans. Residential real estate loan balances increased primarily due to growth in multi-family loans. Commercial real estate balances increased primarily from loans secured by nonresidential structures, along with modest growth in loans secured by farmland. The increase in commercial loans was attributable to agricultural and commercial and industrial loans. Total remaining PPP balances at September 30, 2022, were $1.4 million, while unrecognized deferred fee income on these loans was immaterial.

Loans anticipated to fund in the next 90 days totaled $229.6 million at September 30, 2022, as compared to $235.0 million at June 30, 2022, and $181.1 million at September 30, 2021.

Nonperforming loans were $3.9 million, or 0.13% of gross loans, at September 30, 2022, as compared to $4.1 million, or 0.15% of gross loans at June 30, 2022. Nonperforming assets were $5.7 million, or 0.17% of total assets, at September 30, 2022, as compared to $6.3 million, or 0.20% of total assets, at June 30, 2022. The reduction in nonperforming assets was attributable primarily to the reduction in nonperforming loans and the sale of one parcel held in other real estate owned.

Our ACL at September 30, 2022, totaled $37.4 million, representing 1.26% of gross loans and 960% of nonperforming loans, as compared to an ACL of $33.2 million, representing 1.22% of gross loans and 806% of nonperforming loans at June 30, 2022. The Company has estimated its expected credit losses as of September 30, 2022, under ASC 326-20, and management believes the ACL as of that date is adequate based on that estimate. There remains, however, significant uncertainty as economic activity recovers from the COVID-19 pandemic and the Federal Reserve withdraws accommodative monetary policy that was put into effect to respond to the pandemic and its economic impact. Management continues to closely monitor borrowers most affected by mitigation efforts, most notably including our borrowers in the hotel industry.

Total liabilities were $3.1 billion at September 30, 2022, an increase of $224.4 million, or 7.8%, as compared to June 30, 2022.

Deposits were $2.9 billion at September 30, 2022, an increase of $35.9 million, or 1.3%, as compared to June 30, 2022. The deposit portfolio saw fiscal year-to-date increases in certificates of deposit, interest-bearing transaction accounts, and money market deposit accounts, partially offset by decreases in noninterest bearing transaction accounts and savings accounts. The Company’s customers have held unusually high balances on deposit during recent periods, but competition for deposits increased during the current quarter. Public unit balances totaled $516 million at September 30, 2022, an increase of $47.6 million compared to June 30, 2022. The average loan-to-deposit ratio for the first quarter of fiscal 2023 was 98.5%, as compared to 96.4% for the same period of the prior fiscal year.

FHLB advances were $225.0 million at September 30, 2022, an increase of $187.0 million, or 492.7%, as compared to June 30, 2022, as the Company’s loan growth outpaced deposit growth. The increase in FHLB advances was inclusive of $190 million borrowed in overnight or weekly advances, reflecting both the seasonal impact of our agricultural borrowers and public unit depositors, and recent loan demand.

The Company’s stockholders’ equity was $326.4 million at September 30, 2022, an increase of $5.6 million, or 1.8%, as compared to June 30, 2022. The increase was attributable primarily to earnings retained after cash dividends paid, partially offset by a $2.1 million reduction in accumulated other comprehensive income as the market value of the Company’s investments declined due to changes in market interest rates.

Quarterly Income Statement Summary:

The Company’s net interest income for the three-month period ended September 30, 2022, was $28.5 million, an increase of $2.9 million, or 11.2%, as compared to the same period of the prior fiscal year. The increase was attributable to a 22.1% increase in the average balance of interest-earning assets, partially offset by a decrease in net interest margin to 3.65% in the current three-month period, from 4.01% in the same period a year ago. As PPP loan forgiveness declined, the Company’s accretion of interest income from deferred origination fees on these loans was reduced to $37,000 in the current quarter, which impacted net interest margin by less than one basis point, as compared to $2.2 million in the same quarter a year ago, which added 34 basis points to the net interest margin in that period. In the linked quarter, ended June 30, 2022, accelerated recognition of deferred PPP origination fees totaled $72,000, adding one basis point to the net interest margin. The remaining balance of deferred origination fees is significantly less than the amount accreted in recent quarters.

Loan discount accretion and deposit premium amortization related to the Company’s August 2014 acquisition of Peoples Bank of the Ozarks, the June 2017 acquisition of Capaha Bank, the February 2018 acquisition of Southern Missouri Bank of Marshfield, the November 2018 acquisition of First Commercial Bank, the May 2020 acquisition of Central Federal Savings & Loan Association, and the February 2022 merger of Fortune with the Company resulted in $520,000 in net interest income for the three-month period ended September 30, 2022, as compared to $376,000 in net interest income for the same period a year ago. Combined, this component of net interest income contributed seven basis points to net interest margin in the three-month period ended September 30, 2022, as compared to a contribution of six basis points in the same period of the prior fiscal year, and an eight basis point contribution in the linked quarter, ended June 30, 2022, when net interest margin was 3.66%.

The Company recorded a PCL of $5.1 million in the three-month period ended September 30, 2022, as compared to a negative PCL of $305,000 in the same period of the prior fiscal year. The Company assesses the economic outlook has modestly deteriorated as compared to the assessment as of June 30, 2022. Projections for GDP growth and unemployment, key drivers in the Company’s ACL model, have deteriorated. As a percentage of average loans outstanding, the Company recorded net charge offs of less than one basis point (annualized) during the current period, little changed from the same period of the prior fiscal year.

The Company’s noninterest income for the three-month period ended September 30, 2022, was $5.5 million, an increase $999,000, or 22.1%, as compared to the same period of the prior fiscal year. In the current quarter, increases in other loan fees, loan serving fees, and deposit account service charges were partially offset by a decrease in gains realized on the sale of residential real estate loans originated for that purpose. Origination of residential real estate loans for sale on the secondary market was down 26.2% as compared to the year ago period, as both refinancing and purchase activity declined due to the increase in market interest rates, resulting in a decrease to both gains on sale of these loans and recognition of new mortgage servicing rights, partially offset by the gain on sale of the guaranty portion of newly originated government-guaranteed loans. Deposit and service charge income increased 13.8% for the quarter, as compared to the year ago period, primarily due to an increase in NSF activity and fees assessed for other miscellaneous deposit services.

Noninterest expense for the three-month period ended September 30, 2022, was $16.9 million, an increase of $2.7 million, or 19.0%, as compared to the same period of the prior fiscal year. The increase was attributable primarily to compensation and benefits, occupancy expenses, legal and professional, data processing expenses, advertising, and other noninterest expenses. Charges related to merger and acquisition activities totaled $169,000 in the current period, reflected in data processing, and legal and professional fees. In the year ago period, similar charges totaled $25,000. The increase in compensation and benefits as compared to the prior year period primarily reflected increases in salaries and wages over the prior year, increased headcount resulting from the Fortune merger, and a modest trend increase in legacy employee headcount. Occupancy expenses increased due to remodeled facilities, facilities added through the Fortune merger, new ATM and ITM installations and other equipment purchases, and charges for utilities and maintenance. Marketing expenses increased due to timing and emphasis of certain customer outreach and branding efforts. Data processing expenses increased primarily as a result of increased volumes associated with the Fortune merger and year-over-year contractual pricing adjustments. Other noninterest expenses increased due to miscellaneous merger-related expenses, expenses related to loan originations, deposit operations, and employee travel and training.

The efficiency ratio for the three-month period ended September 30, 2022, was 49.7%, as compared to 47.2% in the same period of the prior fiscal year, with the change attributable primarily to the current period’s increase in noninterest expense, partially offset by increases in net interest income and noninterest income.

The income tax provision for the three-month period ended September 30, 2022, was $2.4 million, a decrease of $1.0 million, or 30.0% as compared to the same period of the prior fiscal year due to the decrease of pre-tax income. The effective tax rate declined 20.3% as compared to 21.5% in the same quarter of the prior fiscal year.        

Forward-Looking Information:

Except for the historical information contained herein, 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, including: potential adverse impacts to the economic conditions in the Company’s local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, generally, resulting from the ongoing COVID-19 pandemic and any governmental or societal responses thereto; expected cost savings, synergies and other benefits from our merger and acquisition activities might not be realized to the extent anticipated, within the anticipated time frames, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention, might be greater than expected; the strength of the United States economy in general and the strength of the local economies in which we conduct operations; fluctuations in interest rates and in real estate values; monetary and fiscal policies of the FRB and the U.S. Government and other governmental initiatives affecting the financial services industry; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; our ability to access cost-effective funding; the timely development of and acceptance of our new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; fluctuations in real estate values and both residential and commercial real estate markets, as well as agricultural business conditions; demand for loans and deposits; legislative or regulatory changes that adversely affect our business; changes in accounting principles, policies, or guidelines; results of regulatory examinations, including the possibility that a regulator may, among other things, require an increase in our reserve for loan losses or write-down of assets; the impact of technological changes; and our success at managing the risks involved in the foregoing. Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. We undertake no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed might not occur, and you should not put undue reliance on any forward-looking statements.

Southern Missouri Bancorp, Inc.UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION

                                 
Summary Balance Sheet Data as of:      Sep 30,      June 30,      Mar. 31,      Dec. 31,      Sep. 30,  
(dollars in thousands, except per share data)   2022   2022   2022   2021   2021  
                                 
Cash equivalents and time deposits   $ 49,736   $ 91,560   $ 253,412   $ 185,483   $ 112,382  
Available for sale (AFS) securities     235,116     235,394     226,391     206,583     209,409  
FHLB/FRB membership stock     19,290     11,683     11,116     10,152     10,456  
Loans receivable, gross     2,976,609     2,719,391     2,612,747     2,391,114     2,282,021  
Allowance for credit losses     37,418     33,193     33,641     32,529     32,543  
Loans receivable, net     2,939,191     2,686,198     2,579,106     2,358,585     2,249,478  
Bank-owned life insurance     49,024     48,705     48,387     44,382     44,099  
Intangible assets     35,075     35,463     35,568     21,157     20,868  
Premises and equipment     70,550     71,347     72,253     65,074     65,253  
Other assets     46,861     34,432     37,785     27,647     26,596  
Total assets   $ 3,444,843   $ 3,214,782   $ 3,264,018   $ 2,919,063   $ 2,738,541  
                                 
Interest-bearing deposits   $ 2,433,780   $ 2,388,145   $ 2,407,462   $ 2,147,842   $ 1,985,316  
Noninterest-bearing deposits     417,233     426,930     447,444     404,410     386,379  
FHLB advances     224,973     37,957     42,941     36,512     46,522  
Other liabilities     19,389     17,923     17,971     13,394     11,796  
Subordinated debt     23,068     23,055     23,043     15,294     15,268  
Total liabilities     3,118,443     2,894,010     2,938,861     2,617,452     2,445,281  
                                 
Total stockholders’ equity     326,400     320,772     325,157     301,611     293,260  
                                 
Total liabilities and stockholders’ equity   $ 3,444,843   $ 3,214,782   $ 3,264,018   $ 2,919,063   $ 2,738,541  
                                 
Equity to assets ratio     9.48 %     9.98 %     9.96 %     10.33 %     10.71 %
                                 
Common shares outstanding     9,229,151     9,227,111     9,332,698     8,887,166     8,878,591  
Less: Restricted common shares not vested     41,270     39,230     39,230     39,920     31,845  
Common shares for book value determination     9,187,881     9,187,881     9,293,468     8,847,246     8,846,746  
                                 
Book value per common share   $ 35.53   $ 34.91   $ 34.99   $ 34.09   $ 33.15  
Closing market price     51.03     45.26     49.95     52.17     44.89  
                                 
Nonperforming asset data as of:      Sep 30,      June 30,      Mar. 31,      Dec. 31,      Sep. 30,  
(dollars in thousands)   2022   2022   2021   2021   2021  
                                 
Nonaccrual loans   $ 3,598   $ 4,118   $ 3,882   $ 2,963   $ 6,133  
Accruing loans 90 days or more past due     301                  
Total nonperforming loans     3,899     4,118     3,882     2,963     6,133  
Other real estate owned (OREO)     1,830     2,180     3,199     1,776     2,240  
Personal property repossessed         11         14     8  
Total nonperforming assets   $ 5,729   $ 6,309   $ 7,081   $ 4,753   $ 8,381  
                                 
Total nonperforming assets to total assets     0.17 %     0.20 %     0.22 %     0.16 %     0.31 %  
Total nonperforming loans to gross loans     0.13 %     0.15 %     0.15 %     0.12 %     0.27 %  
Allowance for loan losses to nonperforming loans     959.68 %     806.05 %     866.59 %     1,097.84 %     530.62 %  
Allowance for loan losses to gross loans     1.26 %     1.22 %     1.29 %     1.36 %     1.43 %  
                                 
Performing troubled debt restructurings (1)   $ 30,220   $ 30,606   $ 6,417   $ 6,387   $ 3,585  

(1)   Nonperforming troubled debt restructurings are included with nonaccrual loans or accruing loans 90 days or more past due.

                               
    For the three-month period ended
Quarterly Summary Income Statement Data:   Sep 30,      June 30,      Mar. 31,      Dec. 31,      Sep. 30,
(dollars in thousands, except per share data)          2022     2022   2021   2021           2021  
                               
Interest income:                                   
Cash equivalents   $ 162     $ 198   $ 109   $ 70   $ 60  
AFS securities and membership stock     1,655       1,494     1,170     1,165     1,106  
Loans receivable     33,180       29,880     27,060     26,861     27,694  
Total interest income     34,997       31,572     28,339     28,096     28,860  
Interest expense:                              
Deposits     5,761       3,395     2,871     2,739     2,816  
FHLB advances     438       180     167     169     276  
Subordinated debt     290       239     187     130     130  
Total interest expense     6,489       3,814     3,225     3,038     3,222  
Net interest income     28,508       27,758     25,114     25,058     25,638  
Provision for credit losses     5,056       240     1,552         (305 )
Noninterest income:                              
Deposit account charges and related fees     1,777       1,706     1,560     1,623     1,561  
Bank card interchange income     1,018       1,272     1,025     976     951  
Loan late charges     122       139     135     172     107  
Loan servicing fees     312       442     170     180     154  
Other loan fees     882       813     606     500     451  
Net realized gains on sale of loans     292       664     204     362     369  
Earnings on bank owned life insurance     318       314     291     282     281  
Other noninterest income     793       1,149     913     1,190     641  
Total noninterest income     5,514       6,499     4,904     5,285     4,515  
Noninterest expense:                              
Compensation and benefits     9,752       9,867     9,223     8,323     8,199  
Occupancy and equipment, net     2,447       2,538     2,399     2,198     2,113  
Data processing expense     1,445       1,495     1,935     1,297     1,269  
Telecommunications expense     331       327     308     318     320  
Deposit insurance premiums     215       207     178     180     178  
Legal and professional fees     411       431     341     356     234  
Advertising     449       579     312     276     329  
Postage and office supplies     213       240     202     186     195  
Intangible amortization     402       402     363     338     338  
Foreclosed property expenses (gains)     (41 )     74     115     302     31  
Other noninterest expense     1,296       1,171     1,381     1,296     1,018  
Total noninterest expense     16,920       17,331     16,757     15,070     14,224  
Net income before income taxes     12,046       16,686     11,709     15,273     16,234  
Income taxes     2,443       3,602     2,358     3,288     3,488  
Net income     9,603       13,084     9,351     11,985     12,746  
Less: Distributed and undistributed earnings allocated                              
to participating securities     43       55     40     54     46  
Net income available to common shareholders   $ 9,560     $ 13,029   $ 9,311   $ 11,931   $ 12,700  
                               
Basic earnings per common share   $ 1.04     $ 1.41   $ 1.03   $ 1.35   $ 1.43  
Diluted earnings per common share     1.04       1.41     1.03     1.35     1.43  
Dividends per common share     0.21       0.20     0.20     0.20     0.20  
Average common shares outstanding:                              
Basic     9,188,000       9,241,000     9,021,000     8,847,000     8,867,000  
Diluted     9,210,000       9,252,000     9,044,000     8,869,000     8,877,000  
                                 
    For the three-month period ended  
Quarterly Average Balance Sheet Data:   Sep 30,      June 30,      Mar. 31,      Dec. 31,      Sep. 30,  
(dollars in thousands)      2022   2022   2021   2021   2021  
                                 
Interest-bearing cash equivalents   $ 28,192   $ 101,938   $ 199,754   $ 126,445   $ 83,697  
AFS securities and membership stock     272,391     264,141     226,944     217,456     212,564  
Loans receivable, gross     2,824,286     2,663,640     2,461,365     2,312,140     2,262,095  
Total interest-earning assets     3,124,869     3,029,719     2,888,063     2,656,041     2,558,356  
Other assets     188,584     194,956     188,549     174,647     171,505  
Total assets   $ 3,313,453   $ 3,224,675   $ 3,076,612   $ 2,830,688   $ 2,729,861  
                                 
Interest-bearing deposits   $ 2,433,935   $ 2,384,767   $ 2,274,287   $ 2,071,562   $ 1,986,023  
FHLB advances     83,265     40,804     39,114     39,019     54,701  
Subordinated debt     23,061     23,049     19,170     15,281     15,256  
Total interest-bearing liabilities     2,540,261     2,448,620     2,332,571     2,125,862     2,055,980  
Noninterest-bearing deposits     432,959     439,437     421,898     398,175     359,717  
Other noninterest-bearing liabilities     13,283     14,046     8,345     9,756     25,593  
Total liabilities     2,986,503     2,902,103     2,762,814     2,533,793     2,441,290  
                                 
Total stockholders’ equity     326,950     322,572     313,798     296,895     288,571  
                                 
Total liabilities and stockholders’ equity   $ 3,313,453   $ 3,224,675   $ 3,076,612   $ 2,830,688   $ 2,729,861  
                                 
Return on average assets     1.16 %     1.62 %     1.22 %     1.69 %     1.87 %
Return on average common stockholders’ equity     11.7 %     16.2 %     11.9 %     16.1 %     17.7 %
                                 
Net interest margin     3.65 %     3.66 %     3.48 %     3.77 %     4.01 %
Net interest spread     3.46 %     3.55 %     3.37 %     3.66 %     3.88 %
                                 
Efficiency ratio     49.7 %     50.6 %     55.8 %     49.7 %     47.2 %
Lora Daves
573-778-1800
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Southern Missouri Bancorp Charts.
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Southern Missouri Bancorp Charts.