SOUTHERN MISSOURI BANCORP, INC. Earnings Per Share Disclosure
NOTE 14: Earnings Per Share
The following table sets forth the computations of basic and diluted earnings per common share:
June 30, | |||||||||
(dollars in thousands except per share data) |
| 2025 |
| 2024 |
| 2023 | |||
Net income | $ | 58,578 | $ | 50,182 | $ | 39,237 | |||
Less: distributed earnings allocated to participating securities |
| (47) |
| (49) |
| (42) | |||
Less: undistributed earnings allocated to participating securities |
| (217) |
| (208) |
| (150) | |||
Net income available to common shareholders | $ | 58,314 | $ | 49,925 | $ | 39,045 | |||
Denominator for basic earnings per share | |||||||||
Weighted-average shares outstanding |
| 11,234,703 |
| 11,292,634 |
| 10,124,766 | |||
Effect of dilutive securities stock options or awards |
| 23,266 |
| 8,645 |
| 17,033 | |||
Denominator for diluted earnings per share | 11,257,969 | 11,301,279 | 10,141,799 | ||||||
Basic earnings per share available to common stockholders | $ | 5.19 | $ | 4.42 | $ | 3.86 | |||
Diluted earnings per share available to common stockholders | $ | 5.18 | $ | 4.42 | $ | 3.85 | |||
Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 81,175, 79,830, and 66,607 were excluded from the computation of diluted earnings per share for the fiscal years ended June 30, 2025, 2024, and 2023, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 11, 2025 | Showing above |
| 2024 | Sep 13, 2024 | |
| 2023 | Sep 13, 2023 | |
| 2022 | Sep 13, 2022 | |
| 2021 | Sep 13, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.