On October 20, 2026, Southern Missouri Bancorp, Inc. reported preliminary financial results for the first quarter of fiscal 2027. The company, which operates as the parent of Southern Bank, announced net income of $19.1 million for the quarter, representing an increase of $3.4 million, or 22.0%, compared to the same period in the prior fiscal year.
Earnings per fully diluted common share were reported at $1.73, an increase of $0.35, or 25.4%, from the prior year. The company attributed the growth to higher net interest income, lower provision for credit losses (PCL), and higher noninterest income. These gains were partially offset by higher noninterest expense and an increase in the provision for income taxes.
Key financial metrics for the quarter included an annualized return on average assets (ROA) of 1.44% and an annualized return on average common equity (ROE) of 12.7%. The net interest margin for the quarter was 3.70%. The provision for credit losses was $3.0 million, a decrease of $1.5 million from the prior year.
On the balance sheet, total assets stood at $5.3 billion as of September 30, 2026, an increase of $74.4 million from the previous quarter. Gross loan balances increased by $63.9 million, or 1.5%, to $4.5 billion, while total deposits increased by $66.1 million, or 1.5%, to $4.5 billion.
The company also announced a quarterly dividend of $0.27 per common share, payable on November 30, 2026, to stockholders of record as of November 13, 2026. This marks the 130th consecutive quarterly dividend since the company's inception.
Management will host a conference call on Thursday, October 22, 2026, at 9:30 a.m. Central Time, to discuss the preliminary results. The call will be available toll-free at 1-833-461-5787 in the United States and at 1-585-542-9983 internationally, with participant access code 953340433. A telephone playback will be available beginning one hour after the call concludes through October 27, 2026.
