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1. Company Snapshot

1.a. Company Description

Southern Missouri Bancorp, Inc.operates as the bank holding company for Southern Bank that provides banking and financial services to individuals and corporate customers in the United States.The company offers business banking, business financing, and business services.


It also provides personal banking services, which include online and mobile banking, checking and savings, mortgage and refinance, and loans and credit services.In addition, the company offers investing and insurance services.Further, it provides accounts and digital banking services; and debit or credit cards.


As of June 30, 2021, the company operated 46 full-service branch offices, and two limited-service branch offices located in Poplar Bluff, Van Buren, Dexter, Kennett, Doniphan, Sikeston, Qulin, Matthews, Springfield, Thayer, West Plains, Alton, Clever, Forsyth, Fremont Hills, Kimberling City, Ozark, Nixa, Rogersville, Marshfield, Cape Girardeau, Jackson, Gideon, Chaffee, Benton, Advance, Bloomfield, Essex, and Rolla, Missouri; Jonesboro, Paragould, Batesville, Searcy, Bald Knob, Bradford, and Cabot, Arkansas; and Anna, Cairo, and Tamms, Illinois.Southern Missouri Bancorp, Inc.was founded in 1887 and is headquartered in Poplar Bluff, Missouri.

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1.b. Last Insights on SMBC

Southern Missouri Bancorp, Inc.'s recent performance was negatively impacted by an increase in provision for credit loss expense and lower noninterest income. Despite a 25.6% increase in net income to $15.7 million in Q1 2026, the company's performance was affected by costs associated with renegotiating a significant bank contract ($572,000). KLP Kapitalforvaltning AS reduced its position in SMBC by 25.0%, selling 600 shares. The company's dividend stock status was highlighted, with a quarterly dividend of $0.25 per common share.

1.c. Company Highlights

2. Southern Missouri Bancorp's Q1 FY2026 Earnings: A Closer Look

Southern Missouri Bancorp reported diluted EPS of $1.38 for the first quarter of fiscal year 2026, a slight decrease of $0.01 from the linked quarter but an increase of $0.28 from the year-ago quarter. The company's net interest income rose 5.2% quarter-over-quarter, driven by net interest margin expansion and loan growth, with the net interest margin at 3.57%. The actual EPS came out at $1.42, beating estimates of $1.31. The company's loan balances grew $91 million or 2.2% during the quarter, and deposits were relatively flat compared to the linked quarter but up $240 million or 5.9% over the last 12 months.

Publication Date: Nov -19

📋 Highlights
  • EPS Growth Despite Quarterly Dip:: Diluted EPS rose to $1.38 (+$0.28 YoY), down $0.01 from the linked quarter.
  • Net Interest Income Expansion:: Increased 5.2% QoQ with a 3.57% net interest margin, driven by loan growth ($91M or 2.2% QoQ, 8.8% annualized).
  • Strong Tangible Book Value Growth:: Rose to $43.35 per share, up 13.3% over 12 months.
  • Conservative Credit Risk Profile:: Nonperforming loans at 0.62% of gross loans, and allowance for credit losses at 124% of gross loans (200% of nonperforming loans).
  • Strategic Buybacks and M&A Outlook:: Repurchased 8,000 shares ($447,000) and targets $1B-asset M&A opportunities amid 5.9% 12-month deposit growth ($240M).

Loan Growth and Credit Quality

The company's loan growth is a positive sign, with an 8.8% annualized growth rate and 5.7% over the last 12 months. The provision for credit losses was $3.7 million, with net charge-offs at 36 basis points annualized. Nonperforming loans were 0.62% of gross loans, and the allowance for credit losses was $52.1 million, representing 124% of gross loans and 200% of nonperforming loans. Management expects charge-offs to drop from the levels of the last two quarters, and the company's nonperforming loans remain comparable to national averages for banks under $10 billion.

Valuation and Dividend Yield

With a P/TBV ratio of 1.06, the company's valuation appears reasonable. The dividend yield is 1.81%, which is attractive for income investors. The company's net interest margin expanded in the quarter, driven by repricing dynamics, and management expects continued net interest income growth through the year.

Outlook and Growth Prospects

Management expressed optimism about sustaining positive momentum and delivering earnings growth through the remainder of fiscal year 2026. The company expects mid-single-digit growth for the fiscal year and has a solid capital base and proven financial performance, making it well-positioned to act on attractive opportunities. Analysts estimate next year's revenue growth at 10.2%, indicating a positive outlook for the company's future performance.

M&A and Share Repurchase

The company has seen a modest uptick in M&A discussions since last quarter and remains optimistic about attractive opportunities. The ideal size for M&A would be more in the $1 billion asset range. The company has an appetite for buyback activity, given current pricing, and targets an earn-back period of around 3 years, with 200,000 shares authorized for repurchase.

3. NewsRoom

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Suruga Bank (OTCMKTS:SUGBY) & Southern Missouri Bancorp (NASDAQ:SMBC) Critical Review

Nov -18

Source: defenseworld.net

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SMBC Americas Appoints Juan Kreutz as Head of Structured Finance Solutions

Nov -12

Source: businesswire.com

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Southern Missouri Bancorp, Inc. (SMBC) Q1 2026 Earnings Call Transcript

Oct -23

Source: seekingalpha.com

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SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR FIRST QUARTER OF FISCAL 2026; DECLARES QUARTERLY DIVIDEND OF $0.25 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR THURSDAY, OCTOBER 23, AT 9:30 AM CENTRAL TIME

Oct -22

Source: globenewswire.com

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KLP Kapitalforvaltning AS Sells 600 Shares of Southern Missouri Bancorp, Inc. $SMBC

Oct -22

Source: defenseworld.net

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Why Southern Missouri Bancorp (SMBC) is a Top Dividend Stock for Your Portfolio

Oct -17

Source: zacks.com

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How Enhanced Partnership With SMBC Group Will Drive JEF's Prospects

Sep -22

Source: zacks.com

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SMBC Group and Jefferies Significantly Expand Their Global Strategic Alliance

Sep -19

Source: businesswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (6.00%)

6. Segments

Banking and Financial Services

Expected Growth: 6.0%

Southern Missouri Bancorp, Inc.'s 6.0% growth in Banking and Financial Services is driven by strategic acquisitions, expansion of commercial lending, and increased deposit growth. Additionally, the company's focus on digital transformation, improved operational efficiency, and a strong capital position have contributed to its growth momentum.

7. Detailed Products

Personal Banking

Southern Missouri Bancorp, Inc. offers a range of personal banking services, including checking and savings accounts, credit cards, loans, and investment products.

Business Banking

The company provides business banking services, including commercial loans, lines of credit, cash management, and treasury management solutions.

Mortgage Lending

Southern Missouri Bancorp, Inc. offers mortgage lending services, including residential and commercial mortgage loans, construction loans, and home equity loans.

Wealth Management

The company provides wealth management services, including investment management, trust services, and financial planning.

Online Banking

Southern Missouri Bancorp, Inc. offers online banking services, including bill pay, fund transfers, and account management.

Mobile Banking

The company provides mobile banking services, including mobile deposit, account management, and bill pay.

8. Southern Missouri Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Southern Missouri Bancorp, Inc. is medium due to the presence of alternative financial institutions and online banking services.

Bargaining Power Of Customers

The bargaining power of customers is low for Southern Missouri Bancorp, Inc. as customers have limited negotiating power and the bank has a strong market presence.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium for Southern Missouri Bancorp, Inc. as the bank relies on a few large suppliers for its operations, but has some negotiating power due to its size.

Threat Of New Entrants

The threat of new entrants is low for Southern Missouri Bancorp, Inc. due to the high barriers to entry in the banking industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high for Southern Missouri Bancorp, Inc. due to the presence of several competitors in the market, leading to a competitive pricing environment.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 31.36%
Debt Cost 8.66%
Equity Weight 68.64%
Equity Cost 8.66%
WACC 8.66%
Leverage 45.70%

11. Quality Control: Southern Missouri Bancorp, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Five Star Bank

A-Score: 6.3/10

Value: 5.9

Growth: 5.4

Quality: 7.8

Yield: 5.0

Momentum: 6.5

Volatility: 7.3

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WaFed

A-Score: 6.0/10

Value: 5.9

Growth: 6.8

Quality: 5.6

Yield: 7.0

Momentum: 2.5

Volatility: 8.0

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Southern Missouri Bancorp

A-Score: 5.9/10

Value: 7.6

Growth: 6.7

Quality: 7.0

Yield: 4.0

Momentum: 3.0

Volatility: 7.0

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Coastal Financial

A-Score: 5.7/10

Value: 3.2

Growth: 9.6

Quality: 6.6

Yield: 0.0

Momentum: 10.0

Volatility: 5.0

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National Bankshares

A-Score: 5.6/10

Value: 5.5

Growth: 3.3

Quality: 5.0

Yield: 8.0

Momentum: 5.0

Volatility: 6.7

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Finward

A-Score: 5.1/10

Value: 5.2

Growth: 3.6

Quality: 3.8

Yield: 4.0

Momentum: 5.5

Volatility: 8.7

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

57.94$

Current Price

57.94$

Potential

-0.00%

Expected Cash-Flows