SMBC

This article first appeared on GuruFocus. Earnings per Share (EPS): $1.83 diluted in the June quarter, up 14% from the March quarter and 32% from the June 2025 quarter. Full Year EPS: $6.43 for fiscal 2026, a 24% increase from $5.18 in fiscal 2025. Net Interest Margin (NIM): 3.67% for the quarter, unchanged from the previous quarter, up from 3.47% a year ago. Net Interest Income: Increased almost 3% quarter-over-quarter and about 10% year-over-year. Provision for Credit Loss: $3.2 million during the fourth quarter, a $1.1 million increase from the previous quarter. Gross Loan Balances: Increased by $69 million during the fourth quarter; up $291 million or 7.1% year-over-year. Deposit Balances: Increased by $67 million in the fourth quarter or 1.5%; up $126 million or about 3% year-over-year. Tangible Book Value per Share: $47.43, an increase of 13% from a year ago. Share Repurchase: 4,000 shares repurchased in the fourth quarter at an average price of just over $69 per share. Quarterly Dividend: Increased by $0.02 or 8% to $0.27 per share. Return on Assets (ROA): 1.41% for the fiscal year. Nonperforming Loans: Decreased by $2.5 million to approximately $28 million or 0.63% of gross loans at June 30. Allowance for Credit Losses (ACL): $54.9 million, representing 1.25% of gross loans. Effective Tax Rate: 11.9% for the quarter, down from 19.1% in the previous quarter. Warning! GuruFocus has detected 8 Warning Signs with SMBC. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Is SMBC fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Southern Missouri Bancorp Inc (NASDAQ:SMBC) reported a 24% year-over-year increase in earnings for fiscal 2026, driven by stronger net interest income and net interest margin expansion. The company achieved a return on assets of 1.41% and a return on tangible equity of 15% for the fiscal year. Net interest margin remained stable at 3.67% for the quarter, showing resilience despite market pressures. Loan growth was robust, with gross loan balances increasing by $291 million or 7.1% year-over-year. The company announced an 8% increase in its quarterly dividend, reflecting strong capital position and shareholder returns. Provision for credit losses increased by $1.1 million from the previous quarter, driven by higher net charge-offs and reserves for pooled loans. Nonperforming assets increased by $1.5 million due to an increase in other real estate owned, reflecting ongoing credit challenges. The company experienced pressure on deposit costs due to increased competition and rising short-term rates. Broker deposits increased, which is more costly compared to core deposits, indicating a challenge in attracting lower-cost funding. Operating expenses are expected to rise in fiscal 2027 due to reinvestments in new team members and technology, potentially impacting profitability. Q: Can you provide insights on the net interest margin performance and any potential pressures in the near term? A: Stefan Chkautovich, CFO, explained that there is some pressure due to increased short-term rates, particularly affecting indexed deposits. The core net interest margin could see compression from the current 3.72%. Regarding fixed loan repricing, about $550 million of fixed-rate loans are maturing, with new loans originating at slightly higher rates. However, CDs are also repricing, which could offset some benefits. Q: Could you elaborate on the credit noise this quarter and its implications for provision expenses in 2027? A: Matt Olney, Analyst, was informed by Stefan Chkautovich that the annual ACL methodology update could lead to increased provision expenses. The bank is reserving about 17% for ag watch loans and 4% to 5% for ag real estate. Greg Steffens, CEO, added that they are optimistic about improving problem asset levels in the coming quarters. Q: What is the expected charge-off range for fiscal year '27? A: Greg Steffens, CEO, anticipates a decline in charge-off balances from the previous years' rates of 17 and 18 basis points. They aim to move halfway back to historical levels, which have been in the 3 to 5 basis points range annually. Q: How do you foresee fee income growth in fiscal '27 with recent hires and initiatives? A: Matthew Funke, President, mentioned that while they have made hires to boost fee income, it will take time for these investments to yield significant results. They do not expect substantial impact in the first half of the fiscal year, with potential benefits emerging towards the end of the year. Q: What is the outlook for operating expenses in fiscal '27? A: Stefan Chkautovich, CFO, indicated that expenses could grow in the mid-single digits to low high-single digits year-over-year, primarily due to investments in compensation and benefits. Last year's flat expenses were an anomaly due to accounting changes and medical cost benefits. Q: Is there optimism on the acquisition front, and how does this affect buyback plans? A: Greg Steffens, CEO, expressed optimism about acquisitions, noting improved trading multiples and a strong capital position. M&A is seen as offering quicker returns compared to buybacks, which are less likely given the current stock price. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in Southern Missouri Bancorp, Inc.? Here are five stocks we like better. Southern Missouri Bancorp posted stronger earnings in fiscal 2026, with diluted EPS rising to $6.43 from $5.18 a year earlier as net interest income improved, expenses declined, and tax credit investments lowered its tax provision. Loan growth remained solid but may slow, with gross loans up 7.1% year over year in the fourth quarter. Management still expects mid-single-digit growth in fiscal 2027, but says it may moderate as the bank prioritizes core deposits over wholesale funding. Credit costs increased due to two problem relationships, including a commercial real estate/equipment loan and an agricultural borrower bankruptcy, driving higher charge-offs and a larger provision for credit losses. Management said agricultural conditions are improving, but reserves remain elevated and margin pressure could build from higher funding costs. Southern Missouri Bancorp (NASDAQ:SMBC) reported stronger quarterly and full-year earnings as net interest income improved, operating expenses declined and tax credit investments lowered its tax provision, executives said on the company’s fiscal fourth-quarter earnings call. President and Chief Administrative Officer Matt Funke said the June quarter, which closed the company’s fiscal year, benefited from higher net interest income, higher non-interest income, lower non-interest expense and a reduced income tax provision. Those gains were partly offset by a higher provision for credit losses. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? For the quarter, Southern Missouri earned $1.83 per diluted share, up $0.23, or about 14%, from the linked March quarter and up $0.44, or about 32%, from the June 2025 quarter. For fiscal 2026, the company earned $6.43 per diluted share, compared with $5.18 in fiscal 2025. Funke said the 24% year-over-year increase in full-year earnings was “predominantly driven by stronger net interest income,” which reflected margin expansion as funding costs declined, along with nearly 5% average earning asset growth. He said the company generated a return on assets of 1.41% for fiscal 2026. → 3 Photonics Companies Making Quantum Tech Possible Gross loan balances increased $69 million during the fourth quarter and were up $291 million, or 7.1%, from a year earlier. Funke said growth during the quarter was driven largely by construction and land development loans, one-to-four-family residential real estate, multifamily loans, agricultural real estate and seasonal agricultural production lending. Loan originations totaled about $335 million in the quarter, up $85 million from the year-ago period, though Funke said several larger payoffs muted the impact. The expected 90-day pipeline rose by about $4 million from the prior quarter to $182 million. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off Looking to fiscal 2027, Funke said management continues to expect mid-single-digit loan growth. However, he said growth could moderate from the 7% achieved in fiscal 2026 because the company is prioritizing core deposit relationships rather than wholesale funding to support new loan production. Deposits increased about $67 million, or 1.5%, in the fourth quarter and were up roughly $126 million, or about 3%, year over year. Funke said deposit growth in the quarter was primarily driven by brokered deposits, noting that brokered balances were up just under $56 million from a year earlier. He said local deposit rate competition has increased and wholesale funding has sometimes been more cost-effective. The company has begun rolling out a new suite of business accounts and adjusted employee incentives in an effort to grow lower-cost operating accounts over time, Funke said. Net interest margin was 3.67% in the June quarter, unchanged from the March quarter and up from 3.47% a year earlier. Net interest income rose almost 3% from the linked quarter and about 10% year over year. Chief Financial Officer Stefan Chkautovich said the margin included about three basis points of fair value discount accretion on acquired loan portfolios and premium amortization on assumed deposits, unchanged from the linked quarter. He also said the quarter included a $603,000 reversal of accrued interest income, which reduced the margin and average earning asset yield by about five basis points. Chkautovich said Southern Missouri generated 22 basis points of net interest margin expansion in fiscal 2026, primarily due to lower-cost deposits in a declining rate environment. But he cautioned that the company could face core margin pressure in coming quarters because short-term rates have recently increased and deposit competition remains elevated. About 25% of total deposits are indexed to the 91-day Treasury bill, he said. In response to an analyst question, Chkautovich said the 91-day Treasury rate was up about 14 basis points from the start of July for the company’s indexed deposits. He also said about $550 million of fixed-rate loans are maturing over the next 12 months, with new originations about 25 basis points above maturing loan rates. At the same time, roughly $1.3 billion of certificates of deposit are repricing, with new CD rates about 3 to 5 basis points above maturing rates. Chairman and Chief Executive Officer Greg Steffens said adversely classified loans improved from the prior quarter, declining to $54 million, or 1.2% of gross loans. Non-performing loans fell $2.5 million to about $28 million, or 0.63% of gross loans, at June 30. Non-performing assets, however, increased $1.5 million from the prior quarter to about $33.5 million, primarily due to a rise in other real estate owned. Steffens said the increase followed the foreclosure of a previously disclosed commercial loan relationship secured by commercial real estate and equipment. The equipment was liquidated, and the commercial real estate was transferred to other real estate owned. The company recognized a $1.2 million charge-off on the transfer, leaving a remaining carrying value of about $3.6 million. Steffens also said the company downgraded a separate agricultural lending relationship to non-accrual status during the quarter. The borrower filed for Chapter 7 bankruptcy, and Southern Missouri recognized a $2.6 million charge-off, leaving remaining exposure of $5.9 million supported by additional specific reserves. The provision for credit losses was $3.2 million in the quarter, up from $2.1 million in the March quarter. Chkautovich said net charge-offs totaled $4.3 million, up $4 million from the linked quarter, mainly related to the agricultural production loan and the commercial loan relationship transferred to other real estate owned. The allowance for credit losses totaled $54.9 million at June 30, representing 1.25% of gross loans and 199% of non-performing loans. That compared with $55.9 million, or 1.29% of gross loans and 186% of non-performing loans, at March 31. In the question-and-answer session, Chkautovich said the company could see some increase in provision expense in fiscal 2027 following its annual model adjustment. He said a potential allowance range could be about 1.25% to 1.35% of loans, depending on problem asset levels. Steffens said management expects charge-offs to improve from the past two fiscal years, when they were 17 basis points and 18 basis points. He said the company is targeting progress toward historical levels of roughly 3 to 5 basis points annually. Steffens said agricultural real estate balances totaled $296 million, or 7% of gross loans, while agricultural production and equipment loans totaled $219 million, or 5% of gross loans. Agricultural production and equipment balances rose $15 million from the prior quarter due to normal seasonality tied to planting and higher operating costs. He said planting has been completed across Southern Missouri’s markets, with the projected 2026 crop mix consisting of about 30% soybeans, 30% corn, 20% cotton, 15% rice and 5% specialty crops. Steffens said favorable planting and timely rainfall have positioned most major crops for above-average yield potential. Current commodity prices and expected yields are running about 10% to 15% above the company’s underwriting assumptions, partially offsetting elevated production costs and improving projected farm profitability, Steffens said. He added that higher USDA Price Loss Coverage and Agricultural Risk Coverage payments this fall should provide additional liquidity for many farmers. Despite the improved outlook, Steffens said the company continues to maintain elevated reserves for its agricultural production portfolio because of prolonged pressure in the sector. Southern Missouri increased tangible book value per share to $47.43, up $5.56, or 13%, from a year earlier. During fiscal 2026, the company repurchased 317,000 shares, or nearly 3% of average common shares outstanding at the start of the year, at an average price of $58.59. In the fourth quarter, it repurchased 4,000 shares at an average price of just over $69. The company also announced an 8% increase in its quarterly dividend, raising it by $0.02 to $0.27 per share. Non-interest expense declined 2.6% from the linked quarter, Chkautovich said, due mainly to lower other non-interest expense, occupancy and equipment expense, and data processing costs. For fiscal 2026, non-interest expense totaled $102.1 million, unchanged from fiscal 2025. Looking ahead, he said operating expenses are expected to “re-accelerate” in fiscal 2027 as the company invests in new employees and technology, with expense growth potentially in the mid-single digits to the low-to-high single digits depending on timing. Steffens said discussions around mergers and acquisitions have remained active. He said there are approximately 75 banks with $500 million to $2 billion in assets within the company’s footprint, in addition to institutions in adjacent markets. In response to an analyst question, he said the company’s improved trading multiples and capital position make M&A more attractive than buybacks at current valuation levels. “Our focus remains on disciplined execution, prudent risk management, and thoughtful capital deployment to deliver sustained, attractive returns to our shareholders,” Steffens said. Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities. Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Southern Missouri Bancorp Q4 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.83 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.91%. A quarter ago, it was expected that this bank holding company would post earnings of $1.55 per share when it actually produced earnings of $1.6, delivering a surprise of +3.23%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Southern Missouri Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $51.77 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.13%. This compares to year-ago revenues of $47.61 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Southern Missouri Bancorp shares have added about 29.4% since the beginning of the year versus the S&P 500's gain of 9.7%. While Southern Missouri Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Southern Missouri Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.73 on $53 million in revenues for the coming quarter and $6.85 on $213 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, West Bancorp (WTBA), has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23. This holding company for West Bank is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +34%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. West Bancorp's revenues are expected to be $28.15 million, up 18.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report West Bancorporation, Inc. (WTBA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Poplar Bluff, Missouri, July 22, 2026 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the fourth quarter of fiscal 2026 of $20.3 million, an increase of $4.5 million or 28.5%, as compared to the same period of the prior fiscal year. The increase was primarily attributable to higher net interest income, lower provision for income taxes, a decrease in noninterest expense, and an increase in noninterest income, partially offset by higher provision for credit losses (PCL). Preliminary net income was $1.83 per fully diluted common share for the fourth quarter of fiscal 2026, an increase of $0.44 as compared to the $1.39 per fully diluted common share reported for the same period of the prior fiscal year. For the full fiscal year 2026, preliminary net income was $71.8 million, an increase of $13.3 million, or 22.6%, when compared to fiscal year 2025, while diluted earnings per share for fiscal year 2026 were $6.43, an increase of $1.25, or 24.1%, as compared to fiscal year 2025. Highlights for the fourth quarter of fiscal 2026: Earnings per common share (diluted) were $1.83, up $0.44, or 31.7%, as compared to the same quarter a year ago, and up $0.23, or 14.4%, from the third quarter of fiscal 2026, the linked quarter. Annualized return on average assets (ROA) was 1.57%, while annualized return on average common equity (ROE) was 14.0%, as compared to 1.27% and 11.8%, respectively, in the same quarter a year ago, and 1.41% and 12.6%, respectively, in the third quarter of fiscal 2026, the linked quarter. Net interest margin for the quarter was 3.67%, up from 3.47% reported for the year ago period, and unchanged from the third quarter of fiscal 2026, the linked quarter. Net interest income increased $4.1 million, or 10.1%, as compared to the same quarter a year ago, and increased $1.3 million, or 2.9%, as compared to the third quarter of fiscal 2026, the linked quarter. Net interest income in the fourth quarter of fiscal 2026 included a $603,000 reversal of accrued interest related to an agricultural production relationship placed on nonaccrual status, reducing net interest margin by approximately five basis points. PCL was $3.2 million during the fourth quarter of fiscal 2026, a $694,000 increase from the year ago period and a $1.1 million increase from the third quarter of fiscal 2026, the linked quarter. The increase was primarily driven by higher net charge-offs, higher reserves required for pooled loans driven largely by the Bank’s annual ACL model update, and to support loan growth. See “Balance Sheet Summary” below for more detailed information regarding nonperforming loans and allowance for credit losses (ACL). Gross loan balances increased by $69.4 million during the fourth quarter, and increased by $291.2 million, or 7.1%, for the full fiscal year 2026. Deposit balances increased by $66.9 million during the fourth quarter, and increased by $126.5 million, or 3.0%, for the full fiscal year 2026. Tangible book value per share was $47.43, having increased by $5.56, or 13.3%, as compared to June 30, 2025. The Company repurchased 4,000 shares of its common stock in the fourth quarter of fiscal 2026 at an average price of $69.10 per share, for a total of $291,000. For the full fiscal year 2026, the Company repurchased 317,000 shares of its common stock at an average price of $58.59 per share, for a total of $18.6 million. The average purchase price of shares purchased in fiscal 2026 was 124% of tangible book value as of June 30, 2026. Dividend Declared: The Board of Directors, on July 21, 2026, declared a quarterly cash dividend on common stock of $0.27 per share, payable August 31, 2026, to stockholders of record at the close of business on August 14, 2026, marking the 129th consecutive quarterly dividend since the inception of the Company. The dividend represents an increase of $0.02 per share, or 8.0%, as compared to the previous quarterly dividend payment. 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. Conference Call: The Company will host a conference call to review the information provided in this press release on Thursday, July 23, 2026, at 9:30 a.m., central time. The call will be available live to interested parties by calling 1-800-715-9871 in the United States and from all other locations by calling 1-646-307-1963. Participants should use participant access code 3159664. Telephone playback will be available beginning one hour following the conclusion of the call through July 28, 2026. The playback may be accessed by dialing 1-800-770-2030 in the United States and Canada, and using the conference passcode 3159664. Balance Sheet Summary: The Company experienced balance sheet growth in fiscal 2026, with total assets of $5.2 billion at June 30, 2026, reflecting an increase of $215.3 million, or 4.3%, as compared to June 30, 2025. Growth primarily reflected increases in net loans receivable and investments in tax credits in the other assets category, partially offset by decreases in cash equivalents and time deposits and available for sale (AFS) securities. Cash equivalents and time deposits were $91.0 million at June 30, 2026, a decrease of $102.1 million, or 52.9%, as compared to June 30, 2025. The decrease was primarily the result of loan generation that outpaced deposit growth during the period, which was partially offset by earnings retention after cash dividends paid. AFS securities were $450.8 million at June 30, 2026, down $10.1 million, or 2.2%, as compared to June 30, 2025. Loans, net of the ACL, were $4.3 billion at June 30, 2026, an increase of $287.9 million, or 7.1%, as compared to June 30, 2025. Gross loan balances increased by $291.2 million, or 7.1%, while the ACL attributable to outstanding loan balances increased $3.3 million, or 6.4%, as compared to June 30, 2025. The Company noted growth primarily in 1-4 family residential real estate, agriculture real estate, multi-family real estate, commercial and industrial, non-owner occupied commercial real estate, owner occupied commercial real estate, and agriculture production loan balances. This was partially offset by decreases in construction and land development, and consumer loan balances. The table below illustrates changes in loan balances by type over recent periods: Loans anticipated to fund in the next 90 days totaled $181.7 million at June 30, 2026, as compared to $177.7 million at March 31, 2026, and $224.1 million at June 30, 2025. The Bank’s concentration in non-owner occupied commercial real estate loans, as defined by banking regulatory guidance and including multi-family and construction and land development loans, is estimated at 287.7% of Tier 1 capital and ACL at June 30, 2026, as compared to 301.9% as of June 30, 2025. These loans represented 38.8% of gross loans at June 30, 2026. The largest component of this concentration is non-owner occupied commercial real estate, which is primarily comprised of loans secured by hospitality (hotels and restaurants), care facilities, strip centers, retail stand-alone properties, and storage units. Within this portfolio, the hospitality and retail stand-alone segments consist primarily of franchised businesses; care facilities consist mainly of skilled nursing and assisted living centers; and strip centers are generally non-mall shopping centers with a variety of tenants. The Bank’s multi-family real estate loan portfolio commonly includes loans secured by properties currently participating in the low-income housing tax credit (LIHTC) program or that have exited the program. The largest component of the construction and land development portfolio is commercial construction, consisting primarily of loans collateralized by multi-family real estate and industrial warehouse developments. The Company continues to monitor its commercial real estate concentration and each of its individual segments closely. Nonperforming loans (NPLs) were $27.7 million, or 0.63% of gross loans, at June 30, 2026, as compared to $23.0 million, or 0.56% of gross loans, at June 30, 2025. Nonperforming assets (NPAs) were $33.5 million, or 0.64% of total assets, at June 30, 2026, as compared to $23.7 million, or 0.47% of total assets, at June 30, 2025. The rise in NPAs reflects an increase in NPLs and other real estate owned (OREO), partially offset by net charge-offs. The year-over-year increase in NPLs was primarily attributable to three borrower relationships: one commercial relationship consisting of multiple related loans collateralized by commercial real estate and equipment; one consisting of two related agricultural production loans secured by crops and equipment; and the other, which was added during the quarter ended June 30, 2026, consisting of several related agricultural production loans secured by crop insurance claims, restricted cash, crops, and equipment. The increase in OREO was primarily due to the foreclosure of a previously reported nonaccrual commercial loan relationship consisting of multiple loans collateralized by commercial real estate and equipment. The ACL at June 30, 2026, totaled $54.9 million, representing 1.25% of gross loans and 199% of nonperforming loans, as compared to an ACL of $51.6 million, representing 1.26% of gross loans and 224% of nonperforming loans, at June 30, 2025. The Company has estimated its expected credit losses as of June 30, 2026, under ASC 326-20, and management believes the ACL as of that date was adequate based on that estimate. Economic uncertainty remains, including the potential effects of elevated and uncertain interest rates, as inflation remains above the Federal Reserve's long-term target, and evolving labor market and broader economic conditions. The increase in the ACL was primarily attributable to higher reserves required for pooled loans, driven largely by the Bank’s annual ACL model update, which reflected an increase in modeled loss drivers compared to the prior assessment as of June 30, 2025, and increased reserves on agriculture loans reflecting ongoing pressure in the agricultural sector. Additional reserves were also required to support loan growth. This was partially offset by net charge-offs. As a percentage of average loans outstanding, the Company recorded net charge-offs of 0.40% (annualized) during the current quarter, as compared to net charge-offs of 0.53% for the same quarter of the prior fiscal year. In the three-month period ended June 30, 2026, net charge offs were $4.3 million due primarily to a $2.6 million partial charge-off of the agricultural production loan relationship noted above which was placed on nonaccrual status during the quarter and a previously identified nonperforming commercial loan relationship that was transferred to OREO following foreclosure resulting in a charge off of $1.2 million. For fiscal year 2026, net charge-offs as a percentage of average loans were 0.18%, as compared to 0.17% for fiscal year 2025. Total liabilities were $4.6 billion at June 30, 2026, an increase of $169.3 million, or 3.8%, as compared to June 30, 2025. Growth primarily reflected increases in total deposits, FHLB advances, and other liabilities which increased due to future capital contributions related to tax credit investments. This was partially offset by a $7.5 million decrease in subordinated debentures, as the Company retired debt that became callable during the three-month period ended June 30, 2026. Deposits were $4.4 billion at June 30, 2026, an increase of $126.5 million, or 3.0%, as compared to June 30, 2025. Certificate of deposit growth was relatively balanced between brokered and non-brokered deposits. Nonmaturity deposit growth was primarily attributable to increases in non-interest bearing deposits, savings accounts, and brokered money market deposit accounts, partially offset by declines in NOW accounts and non-brokered money market deposit accounts. Public unit balances totaled $517.8 million at June 30, 2026, a decrease of $33.0 million compared to June 30, 2025, primarily due to competitive pricing dynamics on certain time deposits and normal fluctuations in operating account balances. Brokered deposits totaled $290.6 million at June 30, 2026, an increase of $55.6 million as compared to June 30, 2025, primarily attributable to brokered certificates of deposit. The average loan-to-deposit ratio for the fourth quarter of fiscal 2026 was 99.7%, as compared to 94.5% for the same period of the prior fiscal year. The table below illustrates changes in deposit balances by type over recent periods: FHLB advances were $130.4 million at June 30, 2026, an increase of $26.4 million, or 25.3%, as compared to June 30, 2025. Outstanding FHLB daily reset borrowings were $28.4 million as of June 30, 2026, as compared to none outstanding as of June 30, 2025. The Company’s stockholders’ equity was $590.7 million at June 30, 2026, an increase of $46.0 million, or 8.4%, as compared to June 30, 2025. The increase was attributable primarily to earnings retained after cash dividends paid, in combination with a $1.6 million reduction in accumulated other comprehensive losses (AOCL) as the market value of the Company’s investments appreciated due to tighter credit spreads and continued principal paydowns within the investment portfolio. The AOCL totaled $9.8 million at June 30, 2026, as compared to $11.4 million at June 30, 2025. The Company does not hold any securities classified as held-to-maturity. The increase in stockholders’ equity was partially offset by $18.6 million utilized to repurchase 317,000 shares of the Company’s common stock during fiscal 2026 at an average price of $58.59 per share. Quarterly Income Statement Summary: The Company’s net interest income for the three-month period ended June 30, 2026, was $44.4 million, an increase of $4.1 million, or 10.1%, as compared to the same period of the prior fiscal year. The increase was attributable to an increase of 20 basis points in the net interest margin, from 3.47% to 3.67%, coupled with a 4.0% increase in the average balance of interest-earning assets in the current three-month period compared to the same period a year ago. The primary driver of the net interest margin expansion, compared to the year ago period, was a decrease in the cost of interest-bearing liabilities of 29 basis points, partially offset by a decrease of six basis points in the yield on interest-earning assets. Loan discount accretion and liability premium amortization related to the November 2018 acquisition of First Commercial Bank, the May 2020 acquisition of Central Federal Savings & Loan Association, the February 2022 merger of FortuneBank, and the January 2024 acquisition of Citizens Bank & Trust resulted in $395,000 in net interest income for the three-month period ended June 30, 2026, as compared to $600,000 in net interest income for the same period a year ago. Combined, this component of net interest income contributed three basis points to net interest margin in the three-month period ended June 30, 2026, as compared to a five-basis point contribution for the same period of the prior fiscal year, and as compared to a three-basis point contribution in the linked quarter, ended March 31, 2026, when net interest margin was 3.67%. The Company recorded a PCL of $3.2 million in the three-month period ended June 30, 2026, as compared to a PCL of $2.5 million in the same period of the prior fiscal year. The current period PCL was the result of a $3.3 million provision attributable to the ACL for outstanding loan balances and a $111,000 negative provision attributable to the allowance for off-balance sheet credit exposures, primarily reflecting changes in the composition of unfunded loan commitments. The factors considered when estimating a required ACL and PCL for loan balances outstanding are detailed above in the “Balance Sheet Summary”. The Company’s noninterest income for the three-month period ended June 30, 2026, was $7.4 million, an increase of $78,000, or 1.1%, as compared to the same period of the prior fiscal year. The increase was attributable to an increase in earnings on bank owned life insurance (BOLI), wealth management fees, deposit account charges and related fees, and net realized gains on sale of loans. The increase in earnings on BOLI was mainly attributable to a mortality benefit of $231,000 recognized in the fourth quarter of 2026. Wealth management fees benefited from revenue growth at both Southern Financial Advisors and Southern Wealth Trust Services, primarily driven by market appreciation and the resulting increase in assets under management. Deposit account charges and related fees benefited from increased frequency of charges for non-sufficient funds and increased wire fee income from an increase of our wire fee rates and elevated wire activity. Lastly, the increase in gain on sale of loans was primarily attributable to gain on sale of SBA loans. These increases were partially offset by a decrease in other loan fees, reflecting a refinement of our fee recognition under ASC 310-20, Receivables – Nonrefundable Fees and Other Costs, with a greater portion now recognized in interest income over the life of the loan. Noninterest expense for the three-month period ended June 30, 2026, was $25.5 million, a decrease of $431,000, or 1.7%, as compared to the same period of the prior fiscal year. The decrease as compared to the year-ago period was primarily attributable to decreases in legal and professional fees, intangible amortization, deposit insurance premiums, and other noninterest expenses. The decrease in legal and professional fees was primarily due to $425,000 of consulting costs incurred in the prior-year period in connection with negotiating a new contract with a significant vendor that did not reoccur in the current period. The decrease in intangible amortization expense was attributable to a core deposit intangible that was fully amortized in the second quarter of fiscal 2026 from a previous merger. The Company also benefited from lower deposit insurance premiums, primarily reflecting improvements in the financial metrics used to determine assessment rates. Lastly, other noninterest expense decreased largely due to loan product expense associated with expenses for loan collection and lending activities. These decreases when compared to the prior year period were partially offset by increases in compensation and benefits, primarily due to annual merit increases, as well as a trend increase in team member headcount. The efficiency ratio for the three-month period ended June 30, 2026, was 49.3%, as compared to 54.6% in the same period of the prior fiscal year. The improvement was attributable to increases in net interest income and noninterest income, and a decline in operating expenses. The income tax provision was $2.7 million for the three-month period ended June 30, 2026, a decrease of 18.0% as compared to the same period of the prior fiscal year. The effective tax rate for the fourth quarter of fiscal year 2026 was 11.9%, as compared to 17.5% in the same period of the prior fiscal year. The decrease in the effective tax rate was primarily attributable to a $1.7 million income tax benefit recognized from tax credit investments. In the same period of the prior fiscal year, the Company recognized a $701,000 benefit from tax credit 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: expected cost savings, synergies and other benefits from our merger and acquisition activities, might not be realized within the anticipated time frames, to the extent anticipated, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention and labor shortages, might be greater than expected and goodwill impairment charges might be incurred; potential adverse impacts to economic conditions both nationally and in our local market areas and other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; 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 inflation, including the effects of a potential recession whether caused by Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) actions or otherwise or slowed economic growth caused by changes in oil prices or supply chain disruptions; the impact of monetary and fiscal policies of the Federal Reserve Board and the U.S. Government or other governmental initiatives affecting the financial services industry; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; 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 ACL on loans; our ability to access cost-effective funding and maintain sufficient liquidity; the timely development of and acceptance of 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 in both residential and commercial real estate markets, as well as agricultural business conditions; fluctuations in the demand for loans and deposits, including our ability to attract and retain deposits; the impact of a federal government shutdown; legislative or regulatory changes that adversely affect our business; the effects of climate change, severe weather events, other natural disasters, war, terrorist activities or civil unrest and their effects on economic and business environments in which the Company operates; changes in accounting principles, policies, or guidelines; results of examinations of us by our regulators, including the impact on FDIC insurance premiums and the possibility that our regulators may, among other things, require an increase in our reserve for credit losses on loans or a write-down of assets; the impact of technological changes and an inability to keep pace with the rate of technological advances; the inability of key third party providers to perform their obligations to us; cyber threats, such as phishing, ransomware, and insider attacks, which can lead to financial loss, reputational damage, and regulatory penalties if sensitive customer data and critical infrastructure are not adequately protected; our ability to retain key members of our management team; 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. Non-GAAP Financial Measures: Tangible common equity and tangible book value per common share are financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental and are not intended to be a substitute for analyses based on GAAP measures. As other companies may utilize different methodologies for calculating these measures, this presentation may not be comparable to similarly titled measures used by other institutions. Tangible common equity is calculated by excluding intangible assets from common stockholders’ equity. Tangible book value per common share is calculated by dividing tangible common equity by common shares outstanding, less restricted common shares not vested. For comparison, book value per common share is calculated by dividing common stockholders’ equity by common shares outstanding, less restricted common shares not vested. This approach is consistent with the treatment applied by bank regulatory agencies, which generally exclude intangible assets from the calculation of risk-based capital ratios. Each of these non-GAAP financial measures provides information considered important to investors and is useful in understanding the Company’s capital position. Calculations of tangible common equity and tangible book value per common share to the corresponding GAAP measures of common stockholders’ equity and book value per common share are presented below. Southern Missouri Bancorp, Inc.UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION (1)   Non-GAAP financial measure. CONTACT: Stefan Chkautovich [email protected] 573-778-1800

Great Southern Bancorp (GSBC) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +13.77%. A quarter ago, it was expected that this bank holding company would post earnings of $1.27 per share when it actually produced earnings of $1.58, delivering a surprise of +24.41%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Great Southern Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $56.87 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.28%. This compares to year-ago revenues of $59.17 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Great Southern Bancorp shares have added about 25% since the beginning of the year versus the S&P 500's gain of 10.2%. While Great Southern Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Great Southern Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.42 on $56.1 million in revenues for the coming quarter and $5.84 on $223.4 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Southern Missouri Bancorp (SMBC), is yet to report results for the quarter ended June 2026. This bank holding company is expected to post quarterly earnings of $1.65 per share in its upcoming report, which represents a year-over-year change of +18.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Southern Missouri Bancorp's revenues are expected to be $51.7 million, up 8.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Great Southern Bancorp, Inc. (GSBC) : Free Stock Analysis Report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Southern Missouri reported quarterly EPS of $1.60, down slightly from the prior quarter as higher operating expenses and a modest uptick in the provision for credit losses offset loan growth and improved non‑interest income. Net interest margin expanded to 3.67% and loans grew by $96 million in the quarter, but management cautioned NIM could face near‑term pressure as $646 million of fixed‑rate loans reprice and about $1.1 billion of CDs roll off over the next 12 months. Credit metrics remain elevated but manageable, with the allowance for credit losses at $55.9 million (1.29% of loans) after increased reserves for agricultural loans; the bank repurchased 156,000 shares for $9.7 million, has $7.5 million of subordinated debt callable, and continues to pursue M&A opportunities. Interested in Southern Missouri Bancorp, Inc.? Here are five stocks we like better. Southern Missouri Bancorp (NASDAQ:SMBC) executives pointed to continued profitability and solid loan growth in the March quarter, while noting higher operating expenses and a modest increase in the provision for credit losses. Management also discussed funding mix shifts, net interest margin dynamics, and the outlook for credit quality—particularly in agriculture—during the company’s fiscal third-quarter earnings call. Matt Funke, President and Chief Administrative Officer, said earnings and profitability were “down a bit” from the linked December quarter, attributing the change to “an increase in operating expenses and a modest uptick in provision for credit losses,” primarily driven by loan growth and “higher reserve for pooled loans.” He said the impact was partially offset by a lower provision for income taxes, improved non-interest income, and slightly higher net interest income. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Funke added that the March quarter is “typically our weakest quarter from a profitability perspective,” but said the company saw less seasonal impact than usual due to lower average cash balances after reducing brokered funding versus the year-ago quarter, alongside stronger loan growth. The company earned $1.60 per diluted share in the March quarter, down $0.02 from the linked quarter but up $0.21 from the March 2025 quarter, according to Funke. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand Funke reported net interest margin (NIM) of 3.67%, up from 3.57% in the prior quarter and 3.44% in the year-ago period. Net interest income rose just under 1% quarter-over-quarter and just over 9% year-over-year, driven by higher average earning asset balances and NIM expansion. Chief Financial Officer Stefan Chkautovich said the quarter’s NIM included about three basis points of fair value discount accretion and deposit premium amortization, compared with five basis points in the linked quarter. The quarter-over-quarter NIM improvement was “primarily driven by a nine basis point improvement in our cost of funds to 2.52%,” which he said benefited from a 25 basis point rate cut in December 2025. Loan yields were flat at 6.26%. → Amazon Stock Up 30%: Is AMZN Still a Buy Before Earnings? Chkautovich said the loan portfolio has largely repriced up to current market origination levels, but outlined potential near-term yield headwinds. Over the next 12 months, he said the company has $646 million of fixed-rate loans repricing with an average rate of 6.33% compared to new and renewed loans around 6.50%, while noting that fiscal fourth-quarter 2026 maturities average about 7%—which “could” pressure loan yields next quarter. On deposits, he said about $1.1 billion of CDs mature over the next 12 months at an average rate of 3.84%, with new originations in the 3.80% range and renewals “moderately lower.” With those dynamics, Chkautovich said the company does not expect “material near-term expansion of the NIM” without further Federal Reserve rate cuts. Funke said gross loan balances increased by $96 million during the quarter and were up just under $300 million, or 7.4%, versus March 31 of the prior year. Growth was primarily in real estate-collateralized categories, with all segments rising except construction and land development after a larger project moved to term financing. The company also saw growth in C&I and agricultural production loans as planting season began later in the quarter. Loan originations totaled about $282 million, which Funke described as “seasonally strong,” up $94 million from the same quarter a year ago. The expected loan pipeline for the next 90 days increased to $178 million from $159 million at December 31. Funke cautioned that anticipated larger payoffs in the fourth quarter could mute growth, but said the company is positioned to reach “the higher end” of its mid-single-digit loan growth range for fiscal 2026 after achieving 5.4% year-to-date loan growth. Deposits increased by about $33 million in the quarter and were up $80 million, or about 2%, year-over-year. Funke said the quarter’s growth was “primarily driven by brokered deposits” as the bank was less competitive on local specials and wholesale sources offered more cost-effective funding. Year-over-year, brokered deposits declined by just over $9 million, but increased $36 million from the linked quarter-end. In the Q&A, Funke said deposit gathering will be “a governing factor in how fast we can grow loans,” adding that the challenge is growing deposits “at a low cost.” He said the company remains confident it can achieve mid-single-digit growth “for the foreseeable future” on both sides of the balance sheet. Funke also said the company plans to launch a new business account in the coming quarter and may adjust team member incentives, steps he said could help build lower-cost operating account balances over time. Chairman and CEO Greg Steffens said adversely classified loans improved to $56 million, or 1.3% of gross loans, down $3 million from the prior quarter. Non-performing loans were about $30 million, or 0.7% of gross loans, up $480,000 from the prior quarter. Non-performing assets were around $32 million, up $757,000 quarter-over-quarter, with Steffens noting “no material non-performing loans or other real estate” were added during the quarter. Loans 30 to 89 days past due declined to $10.5 million, while total delinquent loans were $32 million, essentially flat from December. Steffens said non-performing assets and non-accrual loans remain elevated compared to historical levels, but called overall problem asset levels “manageable,” adding that earnings are sufficient to cover potential reserves while maintaining above-average profitability. He said management is focused on improving credit quality and is seeing progress on workout strategies. Steffens provided an update on agriculture exposure, saying ag real estate loans totaled $279 million (6% of gross loans) and ag production and equipment loans were $204 million (5% of gross loans). He described deferred sales by producers following weak commodity prices and the use of Commodity Credit Corporation stored grain loans to generate liquidity. He said depressed prices and yield pressure in 2025 led to borrower shortfalls and restructurings, contributing to growth in ag real estate balances as the bank used strong equity positions to address operating shortfalls. Looking ahead, Steffens said 2026 is shaping up to be another “high-cost environment,” though commodity prices have improved modestly relative to the bank’s conservative assumptions. He said borrowers are managing input costs and shifting acreage toward lower-cost crops, particularly soybeans, and added that the bank has incorporated prolonged agricultural pressure into its allowance for credit losses. Chkautovich said the allowance for credit losses totaled $55.9 million, representing 1.29% of gross loans and 186% of non-performing loans, up from $54.5 million at December 31. The increase was primarily due to higher pooled-loan reserves, “driven largely by increased reserves on agricultural loans” and loan growth. Net charge-offs were four basis points annualized versus net recoveries of seven basis points in the linked quarter. Provision for credit losses was $2.1 million, up $400,000 from the prior quarter. In response to an analyst question, Steffens said he was “pretty optimistic” non-performing asset levels would start trending lower in the current quarter and the following quarter, with some resolutions potentially moving to other real estate. He added that there “could be some charge-offs related to one,” but he did not anticipate an impact on the allowance or provisioning. Funke said tangible book value per share was $45.80 at March 31, up $5.43, or 13.5%, over the prior 12 months. He also said the company repurchased 156,000 shares during the quarter at an average price of $61.97, totaling $9.7 million, or about 135% of tangible book value. During Q&A, Funke said repurchase activity was “probably a little higher than what we would like to see” on a consistent basis, citing market volatility as a factor and suggesting activity could be more muted if prices improve. Steffens added that the bank generally targets a “three to 3.5-year earn back” on repurchased shares and said price will influence future buyback pace. Steffens said the company continues to build capital with return on assets exceeding 1.4% over the past two quarters, increasing flexibility to return capital, reduce higher-cost debt, and fund growth. He said the company has the capacity to retire $7.5 million of subordinated debt when it becomes callable in May. On M&A, Steffens said discussions have remained active, citing approximately 75 banks in its footprint with $500 million to $2 billion in assets, plus additional adjacent-market opportunities. Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities. Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms. The article "Southern Missouri Bancorp Q3 Earnings Call Highlights" was originally published by MarketBeat.

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.6 per share, beating the Zacks Consensus Estimate of $1.55 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.23%. A quarter ago, it was expected that this bank holding company would post earnings of $1.56 per share when it actually produced earnings of $1.62, delivering a surprise of +3.85%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Southern Missouri Bancorp, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $50.25 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $46.15 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Southern Missouri Bancorp shares have added about 11.8% since the beginning of the year versus the S&P 500's gain of 3.2%. While Southern Missouri Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Southern Missouri Bancorp was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.64 on $51.7 million in revenues for the coming quarter and $6.20 on $200.5 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Capitol Federal Financial (CFFN), has yet to report results for the quarter ended March 2026. The results are expected to be released on April 29. This holding company for Capitol Federal Savings Bank is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +41.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Capitol Federal Financial's revenues are expected to be $59.41 million, up 21.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report Capitol Federal Financial (CFFN) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Poplar Bluff, Missouri, April 22, 2026 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the third quarter of fiscal 2026 of $17.8 million, an increase of $2.1 million, or 13.3%, as compared to the same period of the prior fiscal year. The increase was attributable to increases in net interest income and noninterest income, partially offset by increases in provision for credit losses (PCL), noninterest expense, and income tax expense. Preliminary net income was $1.60 per fully diluted common share for the third quarter of fiscal 2026, an increase of $0.21 as compared to the $1.39 per fully diluted common share reported for the same period of the prior fiscal year. Highlights for the third quarter of fiscal 2026: Earnings per common share (diluted) were $1.60, up $0.21, or 15.1%, as compared to the same quarter a year ago, and down $0.02, or 1.2%, from the second quarter of fiscal 2026, the linked quarter. Annualized return on average assets (ROA) was 1.41%, while annualized return on average common equity (ROE) was 12.6%, as compared to 1.29% and 12.2%, respectively, in the same quarter a year ago, and 1.42% and 12.8%, respectively, in the second quarter of fiscal 2026, the linked quarter. Net interest margin for the quarter was 3.67%, as compared to 3.44% reported for the same quarter a year ago, and up from 3.57% reported for the second quarter of fiscal 2026, the linked quarter. Net interest income increased $3.7 million, or 9.3%, compared to the same quarter a year ago, and increased $285,000, or 0.7%, compared to the second quarter of fiscal 2026, the linked quarter. PCL was $2.1 million during the third quarter of fiscal 2026, an increase of $1.1 million from the year ago period, and an increase of $400,000 from the second quarter of fiscal 2026, the linked quarter. The increase compared to both periods was primarily attributable to higher reserves required for pooled loans, driven largely by increased reserves on agriculture loans reflecting ongoing pressure in the agricultural sector. Gross loan balances as of March 31, 2026, increased by $95.8 million, or 2.3%, as compared to December 31, 2025, and increased by $298.9 million, or 7.4%, as compared to March 31, 2025. Deposit balances as of March 31, 2026, increased by $32.6 million, or 0.8%, as compared to December 31, 2025, and by $79.5, million, or 1.9%, as compared to March 31, 2025. Cash equivalent balances and time deposits as of March 31, 2026, decreased by $41.0 million, or 30.5%, as compared to December 31, 2025, and decreased by $133.9 million, or 58.9% as compared to March 31, 2025. The Company repurchased 156,000 shares of its common stock in the third quarter of fiscal 2026 at an average price of $61.97 per share, for a total of $9.7 million. The average purchase price was 135% of our tangible book value as of March 31, 2026. Tangible book value per share was $45.80, having increased by $5.43, or 13.5%, as compared to March 31, 2025. Dividend Declared: The Board of Directors, on April 21, 2026, declared a quarterly cash dividend on common stock of $0.25, payable May 29, 2026, to stockholders of record at the close of business on May 15, 2026, marking the 128th 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. Conference Call: The Company will host a conference call to review the information provided in this press release on Thursday, April 23, 2026, at 9:30 a.m., central time. The call will be available live to interested parties by calling 1-800-715-9871 in the United States and from all other locations by calling 1-646-307-1963. Participants should use participant access code 3159664. Telephone playback will be available beginning one hour following the conclusion of the call through April 28, 2026. The playback may be accessed by dialing 1-800-770-2030 in the United States and Canada, and using the conference passcode 3159664. Balance Sheet Summary: The Company experienced balance sheet growth in the first nine months of fiscal 2026, with total assets of $5.1 billion at March 31, 2026, reflecting an increase of $121.9 million, or 2.4%, as compared to June 30, 2025. Growth primarily reflected increases in net loans receivable and investments in tax credits in the other assets category, partially offset by decreases in cash equivalents and time deposits and available for sale (AFS) securities. Cash equivalents and time deposits were a combined $93.3 million at March 31, 2026, a decrease of $99.8 million, or 51.7%, as compared to June 30, 2025. The decrease was primarily the result of loan generation that outpaced deposit growth during the period. AFS securities were $439.1 million at March 31, 2026, down $21.7 million, or 4.7%, as compared to June 30, 2025. Loans, net of the allowance for credit losses (ACL), were $4.3 billion at March 31, 2026, an increase of $217.5 million, or 5.4%, as compared to June 30, 2025. Gross loans increased by $221.8 million, while the ACL attributable to outstanding loan balances increased $4.3 million, as compared to June 30, 2025. The Company noted growth primarily in 1-4 family residential real estate, non-owner occupied commercial real estate, multi-family real estate, commercial and industrial, owner occupied commercial real estate, and agriculture real estate loan balances. This was partially offset by decreases in construction and land development, consumer, and agricultural production loan balances. The table below illustrates changes in loan balances by type over recent periods: Loans anticipated to fund in the next 90 days totaled $177.7 million at March 31, 2026, as compared to $159.1 million at December 31, 2025, and $163.3 million at March 31, 2025. The Bank’s concentration in non-owner occupied commercial real estate loans is estimated at 291.2% of Tier 1 capital and ACL on March 31, 2026, as compared to 301.9% as of June 30, 2025, with these loans representing 39.2% of total loans at March 31, 2026. Multi-family real estate, hospitality (hotels/restaurants), care facilities, strip centers, retail stand-alone, and storage units are the most common collateral types within the non-owner occupied commercial real estate loan portfolio. The Bank’s multi-family real estate loan portfolio commonly includes loans collateralized by properties currently in the low-income housing tax credit (LIHTC) program or that have exited the program. The hospitality and retail stand-alone segments include primarily franchised businesses; care facilities consist mainly of skilled nursing and assisted living centers; and strip centers can be defined as non-mall shopping centers with a variety of tenants. Non-owner occupied office property types included 35 loans totaling $14.6 million, or 0.34% of gross loans at March 31, 2026, none of which were adversely classified, and are generally comprised of smaller spaces with diverse tenants. The Company continues to monitor its commercial real estate concentration and the individual segments closely. Nonperforming loans (NPLs) were $30.1 million, or 0.70% of gross loans, at March 31, 2026, as compared to $23.0 million, or 0.56% of gross loans at June 30, 2025. Nonperforming assets (NPAs) were $32.0 million, or 0.62% of total assets, at March 31, 2026, as compared to $23.7 million, or 0.47% of total assets, at June 30, 2025. The rise in NPAs was primarily attributable to the increase in NPLs. The increase in NPLs was primarily attributable to three borrower relationships: one commercial relationship consisting of two related loans collateralized by commercial real estate; one consisting of multiple loans collateralized by commercial real estate and equipment; and the other, consisting of two related agricultural production loans secured by crops and equipment, partially offset by improvement in previously nonperforming loans and net charge-offs. All relationships noted were placed on nonaccrual status prior to the third quarter of fiscal 2026. Our ACL at March 31, 2026, totaled $55.9 million, representing 1.29% of gross loans and 186% of nonperforming loans, as compared to an ACL of $51.6 million, representing 1.26% of gross loans and 224% of nonperforming loans at June 30, 2025. The Company has estimated its expected credit losses as of March 31, 2026, under ASC 326-20, and management believes the ACL as of that date was adequate based on that estimate. There remains, however, significant economic uncertainty despite recent reductions in short-term interest rates as labor market conditions soften, and inflation remains above target. The increase in the ACL was primarily attributable to higher reserves required for pooled loans, driven largely by increased reserves on agriculture loans reflecting ongoing pressure in the agricultural sector, and loan growth. This was partially offset by net charge-offs. As a percentage of average loans outstanding, the Company recorded net charge-offs of 0.04% (annualized) during the current quarter, as compared to net charge-offs of 0.11% for the same quarter of the prior fiscal year. For the nine-month period ended March 31, 2026, year-to-date net charge-offs were 0.11% (annualized). Total liabilities were $4.6 billion at March 31, 2026, an increase of $93.0 million, or 2.1%, as compared to June 30, 2025. Growth primarily reflected an increase in total deposits; other liabilities, attributable to recognition of future capital contributions related to tax credit investments; and securities sold under agreements to repurchase. Deposits were $4.3 billion at March 31, 2026, an increase of $59.5 million, or 1.4%, as compared to June 30, 2025. The deposit portfolio saw year-to-date increases in nonmaturity deposit accounts, which was partially offset by a decrease in certificates of deposit. Nonmaturity deposit growth was primarily driven by savings, NOW, non-interest bearing, and brokered money market deposit accounts. The decrease in certificates of deposit was largely driven by a $28.3 million reduction in brokered certificates compared to June 30, 2025. Brokered deposits totaled $226.4 million at March 31, 2026, a decrease of $8.7 million as compared to June 30, 2025. Public unit balances totaled $564.7 million at March 31, 2026, an increase of $13.9 million compared to June 30, 2025, primarily due to seasonal inflows. The average loan-to-deposit ratio for the third quarter of fiscal 2026 was 98.0%, as compared to 94.5% for the quarter ended June 30, 2025, and 94.2% for the same period of the prior fiscal year. The table below illustrates changes in deposit balances by type over recent periods: FHLB advances were $105.0 million at March 31, 2026, an increase of $981,000, or 0.94%, as compared to June 30, 2025. Outstanding FHLB overnight borrowings were $3.0 million as of March 31, 2026, as compared to no FHLB overnight borrowings as of June 30, 2025. The Company’s stockholders’ equity was $573.5 million at March 31, 2026, an increase of $28.8 million, or 5.3%, as compared to June 30, 2025. The increase was attributable primarily to earnings retained after cash dividends paid, in combination with a $2.3 million reduction in accumulated other comprehensive losses (AOCL) as the market value of the Company’s investments appreciated due to the decrease in market interest rates. The AOCL totaled $9.1 million at March 31, 2026 compared to $11.4 million at June 30, 2025. The Company does not hold any securities classified as held-to-maturity. The increase in stockholders’ equity was partially offset by $18.1 million utilized to repurchase 313,000 shares of the Company’s common stock year-to-date at an average price of $57.86 per share. Quarterly Income Statement Summary: The Company’s net interest income for the three-month period ended March 31, 2026, was $43.2 million, an increase of $3.7 million, or 9.3%, as compared to the same period of the prior fiscal year. The increase, as compared to the same period a year ago, was attributable to an increase of 23 basis points in the net interest margin, from 3.44% to 3.67%, coupled with a 2.5% increase in the average balance of interest-earning assets. The primary driver of the net interest margin expansion, compared to the year ago period, was a decrease in the cost of interest-bearing liabilities of 32 basis points, partially offset by a decrease of six basis points in the yield on interest-earning assets. Loan discount accretion and liability premium amortization related to the November 2018 acquisition of First Commercial Bank, the May 2020 acquisition of Central Federal Savings & Loan Association, the February 2022 merger of FortuneBank, and the January 2024 acquisition of Citizens Bank & Trust resulted in $352,000 in net interest income for the three-month period ended March 31, 2026, as compared to $1.5 million in net interest income for the same period a year ago. Combined, this component of net interest income contributed three basis points to net interest margin in the three-month period ended March 31, 2026, as compared to a 13-basis point contribution for the same period of the prior fiscal year, and as compared to a five-basis point contribution in the linked quarter, ended December 31, 2025, when net interest margin was 3.57%. The Company recorded a PCL of $2.1 million in the three-month period ended March 31, 2026, as compared to a PCL of $932,000 in the same period of the prior fiscal year. The current period PCL was the result of a $1.8 million provision attributable to the ACL for loan balances outstanding and a $234,000 provision attributable to the allowance for off-balance sheet credit exposures. The factors considered when estimating a required ACL and PCL for loan balances outstanding is detailed above in the “Balance Sheet Summary”. The Company’s noninterest income for the three-month period ended March 31, 2026, was $7.1 million, an increase of $424,000, or 6.4%, as compared to the same period of the prior fiscal year. The increase was primarily attributable to an increase in other noninterest income, deposit account charges and related fees, bank card interchange income, earnings on bank owned life insurance (BOLI), and net realized gains on sale of loans driven by residential mortgage banking. The increase in other non-interest income was primarily attributable to the gain on sale of membership interest in a tax credit investment. Deposit account charges and related fees benefited from increased frequency of charges for non-sufficient funds and increased wire fee income from an increase of our wire fee rates and elevated wire activity. Bank card interchange income benefited from a previously noted new contract with our card processor. Lastly, the increase in earnings on BOLI was mainly due to a mortality benefit recognized in the third quarter of 2026. These increases were partially offset by the decrease in other loan fees, reflecting a refinement of our fee recognition under ASC 310-20, Receivables – Nonrefundable Fees and Other Costs, with a greater portion now recognized in interest income over the life of the loan. Noninterest expense for the three-month period ended March 31, 2026, was $26.2 million, an increase of $832,000, or 3.3%, as compared to the same period of the prior fiscal year. The increase as compared to the year-ago period was primarily attributable to increases in data processing, other noninterest expense, compensation and benefits, and occupancy and equipment expenses. Data processing costs increased due to higher transaction volumes and increased software licensing costs. Other noninterest expense increased largely due to loan product expense associated with expenses for lending activities, loan collection, and management of foreclosed real estate. The increase in compensation and benefits expense was primarily due to annual merit increases, as well as a trend increase in employee headcount. The majority of the merit increases took effect during the current quarter. This was partially offset by a decrease in compensation expense recognized in current periods as a result of our refined accounting for loan origination expenses under ASC 310-20. Occupancy and equipment expense growth was primarily driven by elevated maintenance and repair costs, remodel projects, and equipment purchases. Partially offsetting these increases from the prior year period were decreases to intangible amortization, as the core deposit intangible recognized in an older merger was fully amortized in the second quarter of fiscal 2026, along with a decrease in deposit insurance premiums. The efficiency ratio for the three-month period ended March 31, 2026, was 52.2%, as compared to 55.1% in the same period of the prior fiscal year. The improvement was attributable to increases in net interest income and noninterest income outpacing the growth in operating expenses. The income tax provision for the three-month period ended March 31, 2026, was $4.2 million, an increase of 1.0% as compared to the same period of the prior fiscal year, primarily due to the increase in net income before income taxes, partially offset by a lower effective tax rate. The effective tax rate was 19.1% as compared to 20.9% 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: expected cost savings, synergies and other benefits from our merger and acquisition activities, including our recently completed acquisitions, might not be realized within the anticipated time frames, to the extent anticipated, or at all, and costs or difficulties relating to integration matters, including but not limited to customer and employee retention and labor shortages, might be greater than expected and goodwill impairment charges might be incurred; potential adverse impacts to economic conditions both nationally and in our local market areas and other markets where the Company has lending relationships, or other aspects of the Company’s business operations or financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth; 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 inflation, including the effects of a potential recession whether caused by Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) actions or otherwise or slowed economic growth caused by changes in oil prices or supply chain disruptions; the impact of monetary and fiscal policies of the Federal Reserve Board and the U.S. Government or other governmental initiatives affecting the financial services industry; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; 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 ACL on loans; our ability to access cost-effective funding and maintain sufficient liquidity; the timely development of and acceptance of 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 in both residential and commercial real estate markets, as well as agricultural business conditions; fluctuations in the demand for loans and deposits, including our ability to attract and retain deposits; the impact of a federal government shutdown; legislative or regulatory changes that adversely affect our business; the effects of climate change, severe weather events, other natural disasters, war, terrorist activities or civil unrest and their effects on economic and business environments in which the Company operates; changes in accounting principles, policies, or guidelines; results of examinations of us by our regulators, including the impact on FDIC insurance premiums and the possibility that our regulators may, among other things, require an increase in our reserve for credit losses on loans or a write-down of assets; the impact of technological changes and an inability to keep pace with the rate of technological advances; the inability of key third party providers to perform their obligations to us; cyber threats, such as phishing, ransomware, and insider attacks, which can lead to financial loss, reputational damage, and regulatory penalties if sensitive customer data and critical infrastructure are not adequately protected; our ability to retain key members of our management team; 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. Non-GAAP Financial Measures: Tangible common equity and tangible book value per common share are financial measures determined by methods other than in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental and are not intended to be a substitute for analyses based on GAAP measures. As other companies may utilize different methodologies for calculating these measures, this presentation may not be comparable to similarly titled measures used by other institutions. Tangible common equity is calculated by excluding intangible assets from common stockholders’ equity. Tangible book value per common share is calculated by dividing tangible common equity by common shares outstanding, less restricted common shares not vested. For comparison, book value per common share is calculated by dividing common stockholders’ equity by common shares outstanding, less restricted common shares not vested. This approach is consistent with the treatment applied by bank regulatory agencies, which generally exclude intangible assets from the calculation of risk-based capital ratios. Each of these non-GAAP financial measures provides information considered important to investors and is useful in understanding the Company’s capital position. Calculations of tangible common equity and tangible book value per common share to the corresponding GAAP measures of common stockholders’ equity and book value per common share are presented below. Southern Missouri Bancorp, Inc. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION (1) Non-GAAP financial measure. CONTACT: Stefan Chkautovich Chief Financial Officer 573-778-1800