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Southern Missouri Bancorp (SMBC)
NASDAQ:SMBC
RESEARCH TOOLSreports
Earnings Data
Report Date
Jan 27, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.24Last Year’s EPS
1.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 2.27%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive performance with improved earnings, strong loan and deposit growth, and stable asset quality. Despite minor challenges such as a slight increase in nonperforming loans and pressures on agricultural loans, the bank's performance improvement initiatives and strategic expansions are promising for future growth. The overall sentiment is positive, with optimism for the remainder of the fiscal year.Company Guidance
During the Southern Missouri Bancorp earnings call for the second fiscal quarter of 2025, the company reported a significant improvement in earnings and profitability, with earnings per diluted share increasing to $1.30, up $0.20 from the previous quarter and $0.23 year-over-year. The net interest margin for the quarter held relatively steady at 3.36%, slightly down from 3.37% in the first quarter. Net interest income rose by 4% quarter-over-quarter and 10.5% year-over-year, supported by a $60 million increase in gross loan balances and a $170 million increase in deposit balances. Tangible book value per share grew by $4.26, or 12%, over the past year. Asset quality remained strong, with non-performing assets reducing to 22 basis points. The bank's effective tax rate was elevated at 23.7% due to merger-related tax accrual adjustments. Looking forward, Southern Missouri Bancorp anticipates mid-single-digit loan growth for the fiscal year, supported by a healthy loan pipeline of $173 million and ongoing initiatives to enhance efficiency and expand talent in new markets.Improved Earnings and Profitability
Earnings and profitability improved due to a larger earning asset base, driving an increase in net interest income, a lower provision for credit losses, and a decrease in non-interest expense. Earnings per share were $1.30 diluted, up $0.20 from the linked September quarter and $0.23 from the December 2023 quarter.
Strong Loan and Deposit Growth
Gross loan balances increased by over $60 million during the second quarter, with a year-over-year increase of $295 million or just under 8%. Deposit balances increased by about $170 million in the second quarter and by $225 million or about 5.5% compared to the prior year.
Stable Asset Quality
Adversely classified loans decreased by about $849,000 or 4 basis points compared to the linked quarter. Nonperforming loan balances increased slightly but remained in line as a percentage of total loans. Nonperforming asset balances dropped to 22 basis points from 26 basis points last quarter.
Increased Tangible Book Value
Tangible book value per share increased by $4.26 or 12% during the last 12 months, reaching $38.91.
Successful Performance Improvement Initiatives
The company launched a performance improvement initiative aimed at enhancing efficiency and meeting customer needs, with some enhancements already implemented and positive results expected over the coming years.
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SMBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $58.10 | $59.08 | +1.69% |
| Oct 28, 2024 | $59.80 | $59.41 | -0.65% |
| Jul 29, 2024 | $50.26 | $54.94 | +9.31% |
| Apr 29, 2024 | $40.30 | $39.58 | -1.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Southern Missouri Bancorp (SMBC) report earnings?
Southern Missouri Bancorp (SMBC) is schdueled to report earning on Jan 27, 2025, TBA Not Confirmed.
What is Southern Missouri Bancorp (SMBC) earnings time?
Southern Missouri Bancorp (SMBC) earnings time is at Jan 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMBC EPS forecast?
SMBC EPS forecast for the fiscal quarter 2025 (Q2) is 1.24.
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