Quarterly ResultApr 22, 2026, 06:01 PM
Southern Missouri Bancorp Q3 Net Income Up 13.3% to $17.8M
AI Summary
Southern Missouri Bancorp reported preliminary net income of $17.8 million for the third quarter of fiscal 2026, marking a 13.3% increase year-over-year. Diluted earnings per share rose 15.1% to $1.60. The company experienced growth in net interest income, with net interest margin expanding to 3.67%. Gross loan balances increased by 7.4% year-over-year, though provision for credit losses also rose due to pressures in the agricultural sector. Additionally, the company repurchased $9.7 million of its common stock and declared a $0.25 quarterly cash dividend.
Key Highlights
- Net income for Q3 fiscal 2026 was $17.8 million, up 13.3% year-over-year.
- Diluted EPS was $1.60, an increase of 15.1% compared to the prior year.
- Net interest margin improved to 3.67% from 3.44% in the year-ago quarter.
- Gross loan balances increased by 7.4% year-over-year to $298.9 million.
- Company repurchased 156,000 shares for $9.7 million at $61.97 per share.
- Board declared a quarterly cash dividend of $0.25 per common share.