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SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY RESULTS FOR THIRD QUARTER OF FISCAL 2024; DECLARES QUARTERLY DIVIDEND OF $0.21 PER COMMON SHARE; CONFERENCE CALL SCHEDULED FOR TUESDAY, APRIL ...

Southern Missouri Bancorp, Inc. (SMBC) 
Last southern missouri bancorp, inc. earnings: 4/29 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.bankwithsouthern.com
Company Research Source: GlobeNewswire
Poplar Bluff, Missouri, April 29, 2024 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the third quarter of fiscal 2024 of $11.3 million, an increase of $8.9 million or 369%, as compared to the same period of the prior fiscal year. The increase was attributable primarily to the Citizens Bancshares, Co., Kansas City, Missouri (“Citizens”) merger related charges that reduced earnings in the prior year period. The merger related charges in the March 31, 2023, quarter included noninterest expense of $3.3 million and provision for credit losses (“PCL”) on the acquired loan portfolio and off-balance sheet credit exposures totaling $7.0 million. Inclusive of these non-recurring charges, the increase in net income was the result of decreases in PCL and non-interest expense, and an increase in net interest income, partially offset by a decrease in non-interest income Show less Read more
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