SOUTHERN MISSOURI BANCORP, INC.

Listed Company

SMBCCIK 0000916907NasdaqAcceleratedSavings Institutions, Not Federally CharteredMissouriFY ends Jun 30

Period

FY 2025

Revenue

—

Net Income

$58.58M

Total Assets

$5.02B

Equity

$544.69M

Shares Out

11.11M

Op. Cash Flow

$81.56M

Business

SOUTHERN MISSOURI BANCORP, INC. is a bank holding company and parent of Southern Bank that provides community and commercial banking services. The company offers deposit products, consumer and commercial loans, one- to four-family and multifamily mortgage lending, construction and agricultural lending, mortgage-backed securities and other investment securities, loan participations and SBA loan services, trust and wealth management, and insurance brokerage. Its operations include the Bank and operating subsidiaries such as Southern Wealth Management and Southern Insurance Services, with lending and credit oversight functions. The company distributes products through a network of full‑service and limited branches across Missouri, Arkansas, Illinois and Kansas, online channels, secondary mortgage markets and wholesale funding sources.

Summary from filing dated 2025-09-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Loans	251	223	162	111	105
Investment securities	6	7	5	2	2
Mortgage-backed securities	17	15	7	3	2
Other interest-earning assets	4	4	2	437,000	226,000
TOTAL INTEREST INCOME	277	248	176	117	109
Deposits	116	102	44	12	15
Securities sold under agreements to repurchase	766,000	451,000	213,000	—	—
Advances from FHLB	5	5	4	792,000	1
Subordinated debt	2	2	1	686,000	—
TOTAL INTEREST EXPENSE	123	109	50	13	—
NET INTEREST INCOME	155	139	127	104	93
Provision for credit losses (Note 3)	7	4	17	1	—
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	148	136	110	102	94
Deposit account charges and related fees	9	7	8	6	5
Bank card interchange income	6	6	5	4	4
Loan late charges	—	579,000	534,000	553,000	587,000
Loan servicing fees	909,000	1	1	946,000	1
Other loan fees	4	2	3	2	1
Net realized gains on sale of loans	751,000	713,000	875,000	2	4
Net realized gains (losses) on sale of AFS securities	48,000	−1	—	—	90,000
Earnings on bank owned life insurance	2	2	2	1	2
Insurance brokerage commissions	1	1	1	608,000	—
Wealth management fees	3	3	2	2	—
Other income	1	2	2	1	2
TOTAL NONINTEREST INCOME	28	25	26	21	20
Compensation and benefits	56	53	47	36	31
Occupancy and equipment, net	15	14	11	9	8
Data processing expense	9	9	8	6	5
Telecommunications expense	1	2	2	1	1
Deposit insurance premiums	2	2	1	743,000	766,000
Legal and professional fees	4	2	4	1	1
Advertising	2	2	2	1	1
Postage and office supplies	1	1	1	823,000	796,000
Intangibles amortization	4	4	3	1	1
Foreclosed property expenses/losses	104,000	148,000	90,000	522,000	142,000
Other operating expense	8	7	8	5	4
TOTAL NONINTEREST EXPENSE	102	98	86	63	54
INCOME BEFORE INCOME TAXES	74	63	49	60	—
Current	15	12	11	13	11
Deferred	694,000	694,000	−974,000	−617,000	2
TOTAL INCOME TAXES	15	13	10	13	13
NET INCOME	59	50	39	47	47
Basic earnings per share	5.19	4.42	3.86	5.22	5.22
Diluted earnings per share	5.18	4.42	3.85	5.21	5.22
Dividends paid per share	0.92	0.84	0.84	0.8	0.62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	193	61	54	87	124
Interest-bearing time deposits	246,000	491,000	1	5	979,000
Available for sale securities (Note 2)	461	428	418	235	207
Stock in FHLB of Des Moines	9	9	12	6	6
Stock in Federal Reserve Bank of St. Louis	9	9	9	6	5
Loans held for sale	431,000	—	—	—	—
Loans receivable, net of ACL of $51,629 and $52,516 at June 30, 2025 and June 30, 2024, respectively, (Note 3)	4,049	3,797	3,571	2,686	2,200
Accrued interest receivable	26	24	19	11	10
Premises and equipment, net (Note 4)	96	96	92	71	64
Bank owned life insurance - cash surrender value	76	74	72	49	44
Goodwill	51	51	51	27	14
Other intangible assets, net	23	27	30	8	7
Prepaid expenses and other assets	26	29	32	23	19
TOTAL ASSETS	5,020	4,604	4,360	3,215	2,701
Deposits (Note 5)	4,281	3,943	3,726	2,815	2,331
Securities sold under agreements to repurchase (Note 6)	15	9	—	—	—
Advances from FHLB (Note 7)	104	102	134	38	58
Accounts payable and other liabilities	37	25	27	17	13
Accrued interest payable	14	13	5	801,000	779,000
Subordinated debt (Note 8)	23	23	23	23	15
TOTAL LIABILITIES	4,475	4,116	3,914	2,894	2,417
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $.01 par value; 25,000,000 shares authorized; 11,980,887 and 11,959,157 shares issued at June 30, 2025 and June 30, 2024, respectively	120,000	120,000	119,000	98,000	94,000
Additional paid-in capital	221	220	218	119	96
Retained earnings	360	311	271	240	200
Treasury stock of 681,420 and 681,420 shares at June 30, 2025 and June 30, 2024, respectively, at cost	−25	−25	−21	−21	—
Accumulated other comprehensive loss	−11	−17	−22	−17	3
TOTAL STOCKHOLDERS' EQUITY	545	489	446	321	283
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	5,020	4,604	4,360	3,215	2,701

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation	6	6	5	4	—
Loss (gain) on disposal of fixed assets	73,000	—	−444,000	3,000	—
Stock option and stock grant expense	2	1	839,000	−697,000	550,000
(Gain) loss on sale/write-down of foreclosed property	−56,000	74,000	−44,000	460,000	55,000
Accretion of purchase accounting adjustments	−4	−5	−4	−2	−2
Increase in cash surrender value of bank owned life insurance (BOLI)	−2	−2	−2	−1	−2
(Gain) loss realized on sale of AFS securities	−48,000	1	—	—	−90,000
Net accretion (amortization) of premiums and discounts on securities	−2	−842,000	776,000	1	2
Originations of loans held for sale	−22	−22	−21	−43	−151
Proceeds from sales of loans held for sale	23	22	22	44	152
Gain on sales of loans held for sale	−751,000	−713,000	−875,000	−2	−4
Accrued interest receivable	−2	−5	−5	−391,000	2
Prepaid expenses and other assets	7	9	5	10	2
Accounts payable and other liabilities	6	−141,000	580,000	5	−47,000
Deferred income taxes	40,000	414,000	−974,000	−617,000	2
Accrued interest payable	1	8	3	−147,000	−867,000
NET CASH PROVIDED BY OPERATING ACTIVITIES	82	70	62	67	52
Net increase in loans	−255	−228	−447	−282	−63
Net change in interest-bearing deposits	248,000	744,000	1	−1	−7,000
Proceeds from maturities of available for sale securities	69	42	35	40	58
Proceeds from sales of available for sale securities	72,000	32	137	—	16
Net (purchases) redemptions of Federal Home Loan Bank stock	−648,000	3	−4	691,000	517,000
Purchases of Federal Reserve Bank of St. Louis stock	−50,000	−28,000	−3	−759,000	−668,000
Purchases of available-for-sale securities	−92	−80	−132	−96	−108
Purchases of long-term investments and other assets	−612,000	−410,000	−195,000	−383,000	−40,000
Purchases of premises and equipment	−6	−9	−6	−5	−3
Net cash received in acquisition	—	—	208	49	—
Investments in state & federal tax credits	−3	−7	−8	−11	−5
Proceeds from sale of fixed assets	—	15,000	4	928,000	580,000
Proceeds from sale of foreclosed assets	4	1	2	1	1
Proceeds from BOLI claim	—	—	270,000	—	1
NET CASH USED IN INVESTING ACTIVITIES	−285	−246	−213	−304	−102
Net increase (decrease) in demand deposits and savings accounts	25	−54	−245	273	258
Net increase in certificates of deposits	313	281	304	−31	−112
Net increase (decrease) in securities sold under agreements to repurchase	6	—	−28	—	—
Proceeds from Federal Home Loan Bank advances	260	303	1,914	—	110
Repayments of Federal Home Loan Bank advances	−258	−335	−1,818	−29	−123
Common stock issued	—	1,000	—	—	—
Exercise of stock options	—	391,000	—	—	—
Purchase of treasury stock	—	−4	—	−6	−8
Dividends paid on common stock	−10	−10	−9	−7	−6
NET CASH PROVIDED BY FINANCING ACTIVITIES	336	182	119	200	120
Increase (decrease) in cash and cash equivalents	132	7	−33	−37	69
Conversion of loans to foreclosed real estate	625,000	1	1	127,000	748,000
Conversion of foreclosed real estate to loans	—	—	960,000	—	—
Conversion of loans to repossessed assets	98,000	209,000	108,000	26,000	461,000
Right of use (ROU) assets obtained in exchange for lease obligations: Operating Leases	322,000	2	216,000	95,000	804,000
Termination of lease right of use asset and related lease obligation	—	1	—	—	—
Fair value of assets acquired	—	—	1,020	—	—
Less: common stock issued	—	—	98	23	—
Cash paid	—	—	35	—	—
Liabilities assumed	—	—	887	—	—
Interest (net of interest credited)	8	8	6	2	3
Income taxes	8	2	4	361,000	9

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