--- title: "Southern Missouri Bancorp | 10-Q: FY2026 Q2 Revenue: USD 79.01 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/275177399.md" datetime: "2026-02-06T21:56:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275177399.md) - [en](https://longbridge.com/en/news/275177399.md) - [zh-HK](https://longbridge.com/zh-HK/news/275177399.md) --- # Southern Missouri Bancorp | 10-Q: FY2026 Q2 Revenue: USD 79.01 M Revenue: As of FY2026 Q2, the actual value is USD 79.01 M. EPS: As of FY2026 Q2, the actual value is USD 1.62, beating the estimate of USD 1.5433. EBIT: As of FY2026 Q2, the actual value is USD -20.17 M. #### Net Income Net income for the three months ended December 31, 2025, was $18,150 thousand, an increase from $14,653 thousand for the same period in 2024. For the six months ended December 31, 2025, net income was $33,800 thousand, up from $27,110 thousand in the prior year period, representing a 24.7% increase year-over-year. The annualized return on average assets was 1.33% for the six-month period ended December 31, 2025, compared to 1.14% for the same period in 2024. The annualized return on average common stockholders’ equity was 12.0%, up from 10.7% in the prior year period. #### Net Interest Income Net interest income for the three months ended December 31, 2025, was $42,870 thousand, an increase from $38,143 thousand in the comparable 2024 period. For the six months ended December 31, 2025, net interest income increased by $10,500 thousand, or 14.0%, to $85,288 thousand, compared to $74,805 thousand for the same period in 2024. #### Provision for Credit Losses Provision for credit losses was $1,680 thousand for the three months ended December 31, 2025, compared to $932 thousand for the same period in 2024. For the six months ended December 31, 2025, the provision increased by $3,100 thousand, or 100.0%, to $6,180 thousand, up from $3,091 thousand in the prior year period. #### Noninterest Income Total noninterest income for the three months ended December 31, 2025, was $6,776 thousand, slightly down from $6,865 thousand in the comparable 2024 period. For the six months ended December 31, 2025, noninterest income decreased by $690 thousand, or 4.9%, to $13,349 thousand, compared to $14,039 thousand in the prior year period. This decrease was primarily due to lower loan fees from a refinement in ASC 310-20 application and reduced realized gains on loan sales, partially offset by increases in deposit account charges, bank card interchange income, wealth management fees, insurance brokerage income, and bank-owned life insurance earnings. #### Noninterest Expense Total noninterest expense for the three months ended December 31, 2025, was $25,270 thousand, compared to $24,876 thousand for the same period in 2024. For the six months ended December 31, 2025, noninterest expense decreased by $397 thousand, or 0.8%, to $50,321 thousand, compared to $50,718 thousand in the prior year period. This reduction was mainly driven by lower compensation and benefits, legal and professional fees, intangible amortization, and telecommunication expenses; however, these decreases were partially offset by higher data processing expenses, occupancy costs, advertising, and deposit insurance premiums. #### Comprehensive Income Comprehensive income for the three months ended December 31, 2025, was $17,880 thousand, up from $8,788 thousand in the prior year period. For the six months ended December 31, 2025, comprehensive income was $36,539 thousand, compared to $28,134 thousand for the same period in 2024. #### Cash Flow from Operating Activities Net cash provided by operating activities for the six months ended December 31, 2025, was $37,550 thousand, an increase from $30,130 thousand for the same period in 2024. #### Cash Flow from Investing Activities Net cash used in investing activities for the six months ended December 31, 2025, was - $112,207 thousand, significantly less than - $218,162 thousand for the same period in 2024. #### Cash Flow from Financing Activities Net cash provided by financing activities for the six months ended December 31, 2025, was $15,859 thousand, a decrease from $272,962 thousand for the same period in 2024. #### Balance Sheet Metrics - **Total Assets**: $5,094,387 thousand at December 31, 2025, an increase of $74,800 thousand or 1.5% from $5,019,607 thousand at June 30, 2025. - **Loans Receivable, Net of ACL**: $4,172,091 thousand at December 31, 2025, an increase of $123,100 thousand or 3.0% from $4,048,961 thousand at June 30, 2025. This growth was primarily in 1-4 family residential real estate, multi-family real estate, commercial and industrial, non-owner and owner-occupied commercial real estate, and agriculture real estate loan balances, partially offset by decreases in construction and land development loans. - **Deposits**: $4,308,334 thousand at December 31, 2025, an increase of $27,000 thousand from $4,281,368 thousand at June 30, 2025. - **Cash and Cash Equivalents**: $134,061 thousand at December 31, 2025, a decrease of $58,798 thousand or 30.4% from $192,859 thousand at June 30, 2025. - **Available for Sale Securities**: $444,965 thousand at December 31, 2025, a decrease of $15,879 thousand or 3.4% from $460,844 thousand at June 30, 2025. - **Allowance for Credit Losses (ACL) on Loans**: The total ACL on loans was $54,465 thousand at December 31, 2025, compared to $51,629 thousand at June 30, 2025. - **Allowance for Off-Balance Sheet Credit Exposure**: The total allowance was $4,298 thousand at December 31, 2025, compared to $3,939 thousand at June 30, 2025. - **Nonaccrual Loans**: Total nonaccrual loans were $29,655 thousand at December 31, 2025, compared to $23,040 thousand at June 30, 2025. #### Key Operational Metrics - **Net Interest Margin**: Increased by 23 basis points to 3.57% for the six months ended December 31, 2025, from 3.34% in the prior fiscal year period. - **Net Interest Spread**: Increased 27 basis points to 3.03% for the six months ended December 31, 2025, from 2.76% in the prior fiscal year period. - **Yield on Earning Assets**: Decreased by three basis points for the six months ended December 31, 2025, primarily due to lower yields on AFS securities and a higher percentage of earning assets in securities and cash, partially offset by increased yields on loans. - **Cost of Interest-Bearing Liabilities**: Decreased by 30 basis points for the six months ended December 31, 2025, primarily due to lower market rates. - **Treasury Stock Purchased**: Southern Missouri Bancorp, Inc. purchased - $8,503 thousand of treasury stock during the six months ended December 31, 2025. #### Future Outlook and Strategy Southern Missouri Bancorp, Inc. expects to continue growing its assets through loan originations, occasional purchases, and investment securities. This growth is anticipated to be funded primarily by deposits from retail, commercial clients, and public units, supplemented by brokered funding and FHLB borrowings. 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