Trade Southern Missouri Bancorp Inc - SMBC CFD

Southern Missouri Company profile

About Southern Missouri Bancorp, Inc.

Southern Missouri Bancorp, Inc. is the bank holding company for Southern Bank (the Bank). The principal business of the Bank consists primarily of retail deposits from the public and using its deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines (FHLB), brokered deposits and commercial non-mortgage business loans. The Bank offers a range of deposit instruments, including interest-bearing and noninterest-bearing transaction accounts, money market deposit accounts, savings accounts, certificates of deposit and retirement savings plans. The Bank's lending activities consist of originating loans secured by mortgages on one- to four-family and multi-family residential real estate, commercial and agricultural real estate, construction loans on residential and commercial properties, commercial and agricultural business loans, and consumer loans.

Financial summary

BRIEF: For the six months ended 31 December 2021, Southern Missouri Bancorp, Inc. interest income increased 4% to $57M. Net interest income after loan loss provision increased 17% to $51M. Net income applicable to common stockholders increased 12% to $24.6M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 2% to 3.89%, Net Interest Spread, Total - % increase of 3% to 3.77%.

Equity composition

Common Stock $.01 Par, 09/11, 4M auth., 2,957,226 issd., less 869,250 shs. in Treas. @ $14M. Insiders own 18.32%. Stock issd. 4/94 in a conversion of the Bank from a mutual to a stock form savings bank (1,785,375 shares issd. @ $10/share). 10/03, 2-for-1 stock split. 02/15, 2-for-1 Stock split.