Highlights:
· Preliminary
fiscal year 2015 second quarter earnings per common share (diluted)
were reported at $.89, up from $.73 in the year ago period, as net
income available to common shareholders increased to $3.4 million,
compared to $2.5 million in the year ago period. Earnings per
common share (diluted) were unchanged from the first quarter of
fiscal 2015, the linked quarter.
· For the second
quarter of fiscal 2015, return on average assets was 1.06%, while
return on average common equity was 12.5%, as compared to a 1.09%
return on average assets and 11.7% return on average common equity
in the year ago period. In the first quarter of fiscal 2015, the
linked quarter, return on average assets was 1.09%, and return on
average common equity was 13.2%.
· Net loan
growth for the first six months of fiscal 2015 was $213.4 million,
or 26.5%. Of that amount, $190.4 million was attributable to the
August 2014 acquisition of Peoples Service Company and its
subsidiary, Peoples Bank of the Ozarks (collectively, "Peoples").
Deposits were up $277.1 million, or 35.3%, with the Peoples
acquisition accounting for $222.2 million.
· Net interest
margin for the second quarter of fiscal 2015 was 4.03%, up from the
3.83% reported for the year ago period, and up from the net
interest margin of 3.93% for the first quarter of fiscal 2015, the
linked quarter. Purchase accounting from the Peoples acquisition
contributed to the increase in the margin for the quarter.
· Excluding
securities gains, noninterest income was up 40.3% for the second
quarter of fiscal 2015, compared to the year ago period, and up
10.3% from the first quarter of fiscal 2015, the linked
quarter.
· Noninterest
expense was up 38.0% for the second quarter of fiscal 2015,
compared to the year ago period, and up 13.0% from the first
quarter of fiscal 2015, the linked quarter. The current quarter
included $359,000 in noninterest expense related to merger and
acquisition activity.
· Non-performing
assets were $8.8 million, or 0.68% of total assets, at December 31,
2014, as compared to $4.4 million, or 0.43% of total assets, at
June 30, 2014. Non-performing assets increased primarily due to the
Peoples acquisition and the migration to nonaccrual status of a
previously classified credit that was identified as a purchased
credit impaired loan in a previous acquisition.
Southern Missouri Bancorp, Inc. ("Company") (NASDAQ: SMBC), the
parent corporation of Southern Bank ("Bank"), today announced
preliminary net income available to common shareholders for the
second quarter of fiscal 2015 of $3.4 million, an increase of
$918,000, or 37.2%, as compared to $2.5 million in the same period
of the prior fiscal year. The increase was attributable to growth
in net interest income and noninterest income, partially offset by
increased noninterest expense, provision for loan losses, and
provision for income taxes. Preliminary net income available to
common shareholders was $.89 per fully diluted common share for the
second quarter of fiscal 2015, an increase of 21.9% as compared to
the $.73 per fully diluted common share earned during the same
period of the prior fiscal year.
Preliminary net income available to common shareholders for the
first six months of fiscal 2015 was announced at $6.6 million, an
increase of $1.7 million, or 33.2%, as compared to $5.0 million in
the same period of the prior fiscal year. This increase was also
attributable to growth in net interest income and noninterest
income, partially offset by increased noninterest expense,
provision for loan losses, and provision for income taxes.
Preliminary net income available to common shareholders was $1.78
per fully diluted common share for the first six months of fiscal
2015, an increase of 21.1% as compared to the $1.47 per fully
diluted common share earned during the same period of the prior
fiscal year.
Dividend Declared:
The Company is pleased to announce that the Board of Directors,
on January 20, 2015, declared its 83rd consecutive quarterly
dividend on common stock since the inception of the Company. The
cash dividend of $0.085 to be paid February 27, 2015, to
shareholders of record as of February 13, 2015, will follow the
January 30, 2015, payment of the 2-for-1 common stock split in the
form of a 100% common stock dividend, and be equivalent on a
split-adjusted basis to the $.17 per common share dividend paid
November 28, 2014. The Board of Directors and management believe
the payment of a quarterly cash dividend enhances shareholder value
and demonstrates our commitment to and confidence in our future
prospects.
Conference Call:
The Company will host a conference call to review the
information provided in this press release on Wednesday, January
28, 2015, at 3:30 p.m., central time (4:30 p.m., eastern). The call
will be available live to interested parties by calling
1-888-339-0709 in the United States (Canada: 1-855-669-9657,
international: 1-412-902-4189). Telephone playback will be
available one hour following the conclusion of the call, through
February 10, 2015. The playback may be accessed by dialing
1-877-344-7529 (Canada: 1-855-669-9658, international:
1-412-317-0088), and using the conference passcode 10059864.
Participants should ask to be joined into the Southern Missouri
Bancorp (SMBC) call.
Recent Developments:
The Company previously announced on August 5, 2014, the closing
of its acquisition of Peoples. The acquired bank subsidiary,
Peoples Bank of the Ozarks, was merged with and into the Company's
legacy bank subsidiary, Southern Bank, in early December, 2014, in
connection with the conversion of its data processing system.
Balance Sheet Summary:
The Company experienced balance sheet growth in the first six
months of fiscal 2015, primarily due to the Peoples acquisition,
but also due to continued organic loan growth. Total assets
increased $274.8 million, or 26.9%, to $1.3 billion at December 31,
2014, as compared to $1.0 billion at June 30, 2014. Balance sheet
growth was funded primarily with acquired deposit balances, and
organic deposit growth (including brokered deposits).
Available-for-sale (AFS) securities increased $15.8 million, or
12.1%, to $146.0 million at December 31, 2014, as compared to
$130.2 million at June 30, 2014. The increase was attributable to
the Peoples acquisition, which included $31.2 million in AFS
securities balances, consisting primarily of mortgage-backed
securities, partially offset by securities sold, repaid, and
matured. Cash equivalents and time deposits increased $23.4
million, or 141.3%, as compared to June 30, 2014, primarily as a
result of the Peoples acquisition.
Loans, net of the allowance for loan losses, increased $213.4
million, or 26.6%, to $1.0 billion at December 31, 2014, as
compared to $801.1 million at June 30, 2014. The increase was
primarily attributable to the Peoples acquisition, which included
$190.4 million in loans, at fair value. Including acquired loans,
the increase in balances consisted of commercial real estate,
residential real estate, commercial, construction, and consumer
loans.
Non-performing loans were $4.7 million, or 0.46% of gross loans,
at December 31, 2014, as compared to $1.4 million, or 0.17% of
gross loans, at June 30, 2014. Non-performing assets were $8.8
million, or 0.68% of total assets, at December 31, 2014, as
compared to $4.4 million, or 0.43% of total assets, at June 30,
2014. Our allowance for loan losses at December 31, 2014, totaled
$11.0 million, representing 1.07% of gross loans and 234% of
non-performing loans, as compared to $9.3 million, or 1.14% of
gross loans, and 663% of non-performing loans, at June 30, 2014.
Non-performing loan and asset balances increased as a result of the
Peoples acquisition, which included $1.7 million in nonperforming
loans (at fair value) and $1.0 million in foreclosed real estate.
The migration to nonaccrual status of a previously-classified
purchased credit impaired relationship with a carrying value of
$2.0 million accounted for the remainder of the increase. For all
impaired loans, the Company has measured impairment under ASC
310-10-35, and management believes the allowance for loan losses at
December 31, 2014, is adequate, based on that measurement.
Total liabilities increased $256.0 million to $1.2 billion at
December 31, 2014, an increase of 28.1% as compared to $910.3
million at June 30, 2014. This growth was attributable to the
Peoples acquisition and organic deposit growth (including brokered
deposits), partially offset by repayment of overnight Federal Home
Loan Bank (FHLB) advances.
Deposits increased $277.1 million, or 35.3%, to $1.1 billion at
December 31, 2014, as compared to $785.8 million at June 30, 2014.
The increase was primarily attributable to the Peoples acquisition,
which included $222.2 million in deposits, at fair value. Including
assumed deposits, the increase consisted primarily of certificates
of deposit, money market deposit accounts, noninterest-bearing
transaction accounts, savings accounts, and interest-bearing
transaction accounts. The Company also utilized brokered
deposits during the first quarter of fiscal 2015 to repay overnight
borrowings. At December 31, 2014, the balance of these new brokered
deposits was $11.6 million, with remaining maturities of three to
six months. The average loan-to-deposit ratio for the second
quarter of fiscal 2015 was 98.9% as compared to 103.6% for the same
period of the prior fiscal year.
FHLB advances were $63.0 million at December 31, 2014, a
decrease of $22.5 million, or 26.3%, as compared to $85.5 million
at June 30, 2014. The decrease was attributable to the repayment of
overnight borrowings with the utilization of cash equivalents
obtained in the Peoples acquisition, the sale of some AFS
securities, and the origination of brokered deposits, partially
offset by the assumption of $16.0 million, at fair value, in
longer-term advances, as a result of the same. Securities sold
under agreements to repurchase totaled $21.4 million at December
31, 2014, as compared to $25.6 million at June 30, 2014, a decrease
of 16.3%. At both dates, the full balance of repurchase agreements
was due to local small business and government counterparties.
The Company's stockholders' equity increased $18.8 million, or
16.9%, to $129.9 million at December 31, 2014, from $111.1 million
at June 30, 2014. The increase was due primarily to the issuance of
shares in the Peoples acquisition, as well as retention of net
income, and an increase in accumulated other comprehensive income,
partially offset by dividends paid on common and preferred
stock.
Income Statement Summary:
During fiscal 2014, the Company closed on the acquisition of the
Bank of Thayer in October 2013, and the acquisition of Citizens
State Bank in February 2014 (collectively, the "Fiscal 2014
Acquisitions"). Along with the Peoples acquisition, which closed on
August 5, 2014, the Fiscal 2014 Acquisitions impacted our reported
results through a larger average balance sheet, and increased
noninterest income and noninterest expense.
The Company's net interest income for the three-month and
six-month periods ended December 31, 2014, was $12.2 million and
$23.3 million, increases of $3.8 million and $7.6 million,
respectively, or 46.0% and 48.3%, respectively, as compared to the
same periods of the prior fiscal year. The increases were
attributable to 38.9% and 44.0% increases, respectively, in the
average balance of interest-earning assets, combined with increases
in net interest margin, to 4.03% and 3.98%, respectively, in the
three- and six-month periods ended December 31, 2014, from 3.83%
and 3.87%, respectively, in same periods of the prior fiscal
year.
In December 2010, the Company acquired from the FDIC, as
receiver, most of the assets and assumed substantially all of the
liabilities of the former First Southern Bank, Batesville, Arkansas
(the Fiscal 2011 Acquisition). Additionally, as discussed above,
the Company closed on the Peoples acquisition in August 2014.
Accretion of fair value discount on loans and amortization of fair
value premiums on time deposits related to the Fiscal 2011
Acquisition declined to $67,000 and $175,000 for the three- and
six-month periods ended December 31, 2014, as compared to $168,000
and $372,000 in the same period of the prior fiscal year. This
component of net interest income contributed two and three basis
points, respectively, to net interest margin in the three- and
six-month periods ended December 31, 2014, as compared to eight and
nine basis points, respectively, in the same periods of the prior
fiscal year. Accretion of fair value discount on loans and
amortization of fair value premiums on time deposits related to the
Peoples acquisition was $703,000 and $1.1 million for the three-
and six-month periods ended December 31, 2014, with no comparable
impact in the same periods of the prior fiscal year. This component
of net interest income contributed an additional 23 and 19 basis
points, respectively, to net interest margin in the three- and
six-month periods ended December 31, 2014. The Company expects the
impact of the fair value discount accretion from the Fiscal 2011
Acquisition to continue to decline, over time, as the assets
acquired at a discount continue to mature or prepay. The impact
from the Peoples acquisition was expected to increase somewhat in
the second quarter of Fiscal 2015, as a result of the Company's
ownership of Peoples for a full quarter, before declining going
forward as a result of acquired assets maturing or prepaying.
Purchase accounting adjustments related to other acquisitions
closed by the Company in recent periods have had a less significant
impact on net interest income.
The provision for loan losses for the three- and six-month
periods ended December 31, 2014, was $862,000 and $1.7 million,
respectively, as compared to $295,000 and $794,000 in the same
periods of the prior fiscal year. As a percentage of average loans,
provision for loan losses in the current three-month period
represented a charge of .33% (annualized), while net charge offs
were .01% (annualized); provisions for the current six-month period
represented a charge of 0.34% (annualized), while the Company
recognized annualized net recoveries of less than one basis point.
For the prior fiscal year, as a percentage of average loans,
provision for loan losses represented charges of .16% and .23%,
respectively (annualized), while annualized net charge offs
were .05% (annualized) and less than one basis point, respectively,
for the three- and six-month periods.
The Company's noninterest income for the three- and six-month
periods ended December 31, 2014, was $2.2 million and $4.2 million,
increases of $521,000, or 31.3%, and $1.2 million, or 41.4%,
respectively, as compared to the same periods of the prior fiscal
year. The increase was attributed primarily to increases in deposit
account service charges, bank card interchange income, and gains
realized on secondary market loan originations, most of which
resulted from the Fiscal 2014 Acquisitions and the Peoples
acquisition, and was partially offset by a decrease in gains on the
sale of available-for-sale securities.
Noninterest expense for the three- and six-month periods ended
December 31, 2014, was $8.6 million and $16.2 million,
respectively, increases of $2.4 million, or 38.0%, and $3.0
million, or 50.0%, respectively, as compared to the same periods of
the prior fiscal year. The increases were attributed to
compensation and benefits, occupancy expenses, amortization of core
deposit intangibles, bank card interchange expense, advertising,
deposit insurance premiums, and other expenses, which resulted
primarily from the Fiscal 2014 Acquisitions and the Peoples
acquisition. Included in noninterest expense was $359,000 and
$487,000, respectively, in merger-related charges recognized in the
three- and six-month periods ended December 31, 2014, with $620,000
and $745,000 in comparable expenses in the same periods of the
prior fiscal year. The efficiency ratio for the three- and
six-month periods ended December 31, 2014, was 59.9% and 59.0%,
respectively, as compared to 63.0% and 58.2%, respectively, for the
same periods of the prior fiscal year, and has varied of late due
to recent acquisitions and the non-recurring expenses associated
with each.
The income tax provision for the three- and six-month periods
ended December 31, 2014, was $1.5 and $2.8 million, respectively,
increases of $503,000, or 52.5%, and $860,000, or 43.4%, as
compared to the same periods of the prior fiscal year, attributable
to higher pre-tax income, as well as an increase in the effective
tax rate, to 29.8% and 29.7%, respectively, in the current three-
and six-month periods, from 27.5% and 28.0%, respectively, in the
same periods of the prior fiscal year. The increase in the
effective rate was attributed primarily to an increase in pre-tax
income and average assets, without corresponding increases in
tax-advantaged income and investments.
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: 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 Board of Governors of the Federal
Reserve System 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 loan 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; expected cost savings, synergies and other benefits
from the Company's merger and acquisition activities might not be
realized 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; fluctuations in real estate values and both residential
and commercial real estate market conditions; demand for loans and
deposits in our market area; legislative or regulatory changes that
adversely affect our business; results of examinations of us by our
regulators, including the possibility that our regulators may,
among other things, require us to increase our reserve for loan
losses or to write-down 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 |
|
|
|
|
|
dollars in thousands,
except per share data |
Summary Balance Sheet Data as
of: |
|
|
|
|
December 31,
2014 |
June 30, 2014 |
|
|
|
|
|
|
|
Cash equivalents and time deposits |
|
|
|
|
$
40,018 |
$
16,587 |
Available for sale securities |
|
|
|
|
146,030 |
130,222 |
FHLB/FRB Membership stock |
|
|
|
|
5,384 |
5,993 |
Loans receivable, gross |
|
|
|
|
1,025,447 |
810,315 |
Allowance for loan losses |
|
|
|
|
10,958 |
9,259 |
Loans receivable, net |
|
|
|
|
1,014,489 |
801,056 |
Bank-owned life insurance |
|
|
|
|
19,409 |
19,123 |
Intangible assets |
|
|
|
|
9,289 |
3,936 |
Premises and equipment |
|
|
|
|
35,982 |
22,466 |
Other assets |
|
|
|
|
25,650 |
22,039 |
Total assets |
|
|
|
|
$
1,296,251 |
$
1,021,422 |
|
|
|
|
|
|
|
Interest-bearing deposits |
|
|
|
|
$
937,273 |
$
717,688 |
Noninterest-bearing deposits |
|
|
|
|
125,603 |
68,113 |
Securities sold under agreements to
repurchase |
|
|
|
|
21,385 |
25,561 |
FHLB advances |
|
|
|
|
62,966 |
85,472 |
Other liabilities |
|
|
|
|
4,472 |
3,750 |
Subordinated debt |
|
|
|
|
14,617 |
9,727 |
Total liabilities |
|
|
|
|
1,166,316 |
910,311 |
|
|
|
|
|
|
|
Preferred stock |
|
|
|
|
20,000 |
20,000 |
Common stockholders' equity |
|
|
|
|
109,935 |
91,111 |
Total stockholders' equity |
|
|
|
|
129,935 |
111,111 |
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity |
|
|
|
|
$
1,296,251 |
$
1,021,422 |
|
|
|
|
|
|
|
Equity to assets ratio |
|
|
|
|
10.02% |
10.88% |
Common shares outstanding |
|
|
|
|
3,705,833 |
3,340,440 |
Less: Restricted common shares
not vested |
|
|
|
|
35,600 |
36,000 |
Common shares for book value
determination |
|
|
|
|
3,670,233 |
3,304,440 |
Book value per common share |
|
|
|
|
$
29.95 |
$
27.57 |
Closing market price |
|
|
|
|
37.97 |
35.69 |
|
|
|
|
|
|
|
|
|
|
|
|
dollars in thousands,
except per share data |
Nonperforming asset data as
of: |
|
|
|
|
December 31,
2014 |
June 30, 2014 |
|
|
|
|
|
|
|
Nonaccrual loans |
|
|
|
|
$
4,665 |
$
1,266 |
Accruing loans 90 days or more past due |
|
|
|
|
15 |
130 |
Nonperforming troubled debt restructurings
(1) |
|
|
|
|
- |
- |
Total nonperforming loans |
|
|
|
|
4,680 |
1,396 |
Other real estate owned (OREO) |
|
|
|
|
4,099 |
2,912 |
Personal property repossessed |
|
|
|
|
29 |
65 |
Nonperforming investment securities |
|
|
|
|
- |
- |
Total nonperforming assets |
|
|
|
|
$
8,808 |
$
4,373 |
|
|
|
|
|
|
|
Total nonperforming assets to total
assets |
|
|
|
|
0.68% |
0.43% |
Total nonperforming loans to gross loans |
|
|
|
|
0.46% |
0.17% |
Allowance for loan losses to nonperforming
loans |
|
|
|
|
234.15% |
663.25% |
Allowance for loan losses to gross loans |
|
|
|
|
1.07% |
1.14% |
|
|
|
|
|
|
|
Performing troubled debt restructurings |
|
|
|
|
$
3,503 |
$
4,778 |
|
|
|
|
|
|
|
(1) reported here only if not otherwise listed as nonperforming
(i.e., nonaccrual or 90+ days past due) |
|
dollars in thousands,
except per share data |
|
For the
three-month period ended |
For the six-month
period ended |
Average Balance Sheet
Data: |
December 31,
2014 |
December 31,
2013 |
December 31,
2014 |
December 31,
2013 |
|
|
|
|
|
Interest-bearing cash equivalents |
$
20,542 |
$
6,897 |
$
23,943 |
$
6,453 |
Available for sale securities and membership
stock |
155,506 |
124,617 |
155,839 |
105,669 |
Loans receivable, gross |
1,030,821 |
737,502 |
990,440 |
700,499 |
Total interest-earning
assets |
1,206,869 |
869,016 |
1,170,222 |
812,621 |
Other assets |
90,682 |
55,904 |
83,762 |
52,061 |
Total assets |
$
1,297,551 |
$
924,920 |
$
1,253,984 |
$
864,682 |
|
|
|
|
|
Interest-bearing deposits |
$
920,566 |
$
654,865 |
$
877,022 |
$
622,098 |
Securities sold under agreements to
repurchase |
23,475 |
23,478 |
24,037 |
23,173 |
FHLB advances |
88,642 |
73,950 |
103,842 |
55,348 |
Subordinated debt |
14,606 |
9,388 |
13,587 |
8,302 |
Total interest-bearing
liabilities |
1,047,289 |
761,681 |
1,018,488 |
708,921 |
Noninterest-bearing deposits |
121,280 |
56,739 |
83,015 |
50,989 |
Other noninterest-bearing liabilities |
658 |
2,102 |
28,937 |
1,476 |
Total liabilities |
1,169,227 |
820,522 |
1,130,440 |
761,386 |
|
|
|
|
|
Preferred stock |
20,000 |
20,000 |
20,000 |
20,000 |
Common stockholders' equity |
108,324 |
84,398 |
103,544 |
83,296 |
Total stockholders' equity |
128,324 |
104,398 |
123,544 |
103,296 |
|
|
|
|
|
Total liabilities and
stockholders' equity |
$
1,297,551 |
$
924,920 |
$
1,253,984 |
$
864,682 |
|
|
|
|
|
|
dollars in thousands,
except per share data |
|
For the
three-month period ended |
For the six-month
period ended |
Summary Income Statement
Data: |
December 31,
2014 |
December 31,
2013 |
December 31,
2014 |
December 31,
2013 |
|
|
|
|
|
Interest income: |
|
|
|
|
Cash equivalents |
$
49 |
$
3 |
$
82 |
$
6 |
Available for sale securities
and membership stock |
948 |
723 |
1,908 |
1,220 |
Loans receivable |
13,361 |
9,512 |
25,586 |
18,177 |
Total interest
income |
14,358 |
10,238 |
27,576 |
19,403 |
Interest expense: |
|
|
|
|
Deposits |
1,703 |
1,505 |
3,304 |
2,954 |
Securities sold under agreements
to repurchase |
27 |
31 |
55 |
63 |
FHLB advances |
333 |
286 |
672 |
541 |
Subordinated debt |
133 |
85 |
254 |
141 |
Total interest
expense |
2,196 |
1,907 |
4,285 |
3,699 |
Net interest income |
12,162 |
8,331 |
23,291 |
15,704 |
Provision for loan losses |
862 |
295 |
1,689 |
794 |
Securities gains |
3 |
109 |
3 |
109 |
Other noninterest income |
2,184 |
1,557 |
4,164 |
2,837 |
Noninterest expense |
8,590 |
6,226 |
16,192 |
10,793 |
Income taxes |
1,460 |
957 |
2,841 |
1,981 |
Net income |
3,437 |
2,519 |
6,736 |
5,082 |
Less: effective dividend on
preferred shares |
50 |
50 |
100 |
100 |
Net income
available to common shareholders |
$
3,387 |
$
2,469 |
$
6,636 |
$
4,982 |
|
|
|
|
|
Basic earnings per common share |
$
0.91 |
$
0.75 |
$
1.83 |
$
1.51 |
Diluted earnings per common share |
0.89 |
0.73 |
1.78 |
1.47 |
Dividends per common share |
0.17 |
0.16 |
0.34 |
0.32 |
Average common shares outstanding: |
|
|
|
|
Basic |
3,702,000 |
3,297,000 |
3,630,000 |
3,295,000 |
Diluted |
3,796,000 |
3,402,000 |
3,723,000 |
3,389,000 |
|
|
|
|
|
Return on average assets |
1.06% |
1.09% |
1.07% |
1.18% |
Return on average common shareholders'
equity |
12.5% |
11.7% |
12.8% |
12.0% |
|
|
|
|
|
Net interest margin |
4.03% |
3.83% |
3.98% |
3.87% |
Net interest spread |
3.92% |
3.71% |
3.87% |
3.74% |
|
|
|
|
|
Efficiency ratio |
59.9% |
63.0% |
59.0% |
58.2% |
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Southern Missouri Bancorp (NASDAQ:SMBC)
Historical Stock Chart
From Oct 2023 to Oct 2024