![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Southern Missouri Bancorp Inc | NASDAQ:SMBC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.04 | -0.08% | 49.47 | 49.07 | 49.86 | 49.89 | 48.635 | 49.40 | 39,747 | 23:57:50 |
SOUTHERN MISSOURI BANCORP, INC.
|
||||
(Exact name of Registrant as specified in its Charter)
|
||||
Missouri
|
000-23406
|
43-1665523
|
||
(State or other jurisdiction
of incorporation)
|
(Commission File No.)
|
(IRS Employer
Identification Number)
|
531 Vine Street, Poplar Bluff, Missouri | 63901 | |||
(Address of principal executive offices) | (Zip Code) |
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))
|
|
99.1
|
Press release dated January 25, 2016
|
SOUTHERN MISSOURI BANCORP, INC.
|
|
Date: January 27, 2016
|
By: /s/ Greg A. Steffens
Greg A. Steffens
President and Chief Executive Officer
|
99.1
|
Press Release dated January 25, 2016
|
FOR IMMEDIATE RELEASE
|
Contact: Matt Funke, CFO
|
January 25, 2016
|
(573) 778-1800
|
·
|
Earnings per common share (diluted) were up $.11, or 24.4%, as compared to $.45 earned in the same quarter a year ago (adjusted for the January 2015 stock split), and up $.08, or 16.7%, as compared to the $.48 earned in the first quarter of fiscal 2016, the linked quarter. Earnings included an after-tax benefit of approximately $510,000 resulting from nonrecurring noninterest income items discussed below.
|
·
|
Annualized return on average assets was 1.27%, while annualized return on average common equity was 14.0%, as compared to 1.06% and 12.5%, respectively, in the same quarter a year ago, and as compared to 1.12% and 12.6%, respectively, in the first quarter of fiscal 2016, the linked quarter.
|
·
|
Net loan growth for the first six months of fiscal 2016 was $26.3 million, or 2.5%. Deposits were up $62.0 million, or 5.9%. Loans were impacted negatively and deposits positively by seasonal factors discussed below.
|
·
|
Net interest margin for the second quarter of fiscal 2016 was 3.88%, down from the 4.03% reported for the year ago period, and up from the net interest margin of 3.87% for the first quarter of fiscal 2016, the linked quarter.
|
·
|
Noninterest income (excluding available-for-sale securities gains) was up 27.8% for the second quarter of fiscal 2016, compared to the year ago period, and up 26.7% from the first quarter of fiscal 2016, the linked quarter. Nonrecurring items impacted this figure and are discussed below.
|
·
|
Noninterest expense was down 4.9% for the second quarter of fiscal 2016, compared to the year ago period, and up 2.3% from the first quarter of fiscal 2016, the linked quarter. The year-ago period included $359,000 in noninterest expense related to merger and acquisition activity, with no comparable expenses in the current quarter, or in the linked quarter.
|
·
|
Nonperforming assets were $7.6 million, or 0.57% of total assets, at December 31, 2015, as compared to $8.6 million, or 0.65% of total assets, at September 30, 2015.
|
Southern Missouri Bancorp, Inc.
|
||||||||||||||||||||
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION
|
||||||||||||||||||||
|
||||||||||||||||||||
Summary Balance Sheet Data as of:
|
December 31,
|
September 30,
|
June 30,
|
March 31,
|
December 31,
|
|||||||||||||||
(dollars in thousands, except per share data)
|
2015
|
2015
|
2015
|
2015
|
2014
|
|||||||||||||||
|
||||||||||||||||||||
Cash equivalents and time deposits
|
$
|
25,794
|
$
|
20,250
|
$
|
18,719
|
$
|
23,496
|
$
|
40,018
|
||||||||||
Available for sale securities
|
129,085
|
127,485
|
129,593
|
133,637
|
146,030
|
|||||||||||||||
FHLB/FRB membership stock
|
6,238
|
7,162
|
6,467
|
6,475
|
5,384
|
|||||||||||||||
Loans receivable, gross
|
1,092,599
|
1,081,899
|
1,065,443
|
1,061,267
|
1,025,447
|
|||||||||||||||
Allowance for loan losses
|
13,172
|
12,812
|
12,297
|
11,743
|
10,958
|
|||||||||||||||
Loans receivable, net
|
1,079,427
|
1,069,087
|
1,053,146
|
1,049,524
|
1,014,489
|
|||||||||||||||
Bank-owned life insurance
|
19,754
|
19,836
|
19,692
|
19,549
|
19,409
|
|||||||||||||||
Intangible assets
|
8,238
|
8,470
|
8,757
|
9,007
|
9,289
|
|||||||||||||||
Premises and equipment
|
45,505
|
42,788
|
39,726
|
37,490
|
35,982
|
|||||||||||||||
Other assets
|
23,631
|
24,715
|
23,964
|
23,680
|
25,650
|
|||||||||||||||
Total assets
|
$
|
1,337,672
|
$
|
1,319,793
|
$
|
1,300,064
|
$
|
1,302,858
|
$
|
1,296,251
|
||||||||||
|
||||||||||||||||||||
Interest-bearing deposits
|
$
|
990,103
|
$
|
935,375
|
$
|
937,771
|
$
|
935,347
|
$
|
937,273
|
||||||||||
Noninterest-bearing deposits
|
127,118
|
122,341
|
117,471
|
121,647
|
125,603
|
|||||||||||||||
Securities sold under agreements to repurchase
|
23,066
|
24,429
|
27,332
|
27,960
|
21,385
|
|||||||||||||||
FHLB advances
|
58,929
|
82,110
|
64,794
|
65,080
|
62,966
|
|||||||||||||||
Other liabilities
|
4,543
|
4,981
|
5,395
|
5,232
|
4,472
|
|||||||||||||||
Subordinated debt
|
14,705
|
14,682
|
14,658
|
14,635
|
14,617
|
|||||||||||||||
Total liabilities
|
1,218,464
|
1,183,918
|
1,167,421
|
1,169,901
|
1,166,316
|
|||||||||||||||
|
||||||||||||||||||||
Preferred stock
|
-
|
20,000
|
20,000
|
20,000
|
20,000
|
|||||||||||||||
Common stockholders' equity
|
119,208
|
115,875
|
112,643
|
112,957
|
109,935
|
|||||||||||||||
Total stockholders' equity
|
119,208
|
135,875
|
132,643
|
132,957
|
129,935
|
|||||||||||||||
|
||||||||||||||||||||
Total liabilities and stockholders' equity
|
$
|
1,337,672
|
$
|
1,319,793
|
$
|
1,300,064
|
$
|
1,302,858
|
$
|
1,296,251
|
||||||||||
|
||||||||||||||||||||
Equity to assets ratio
|
8.91
|
%
|
10.30
|
%
|
10.20
|
%
|
10.21
|
%
|
10.02
|
%
|
||||||||||
Common shares outstanding
|
7,428,416
|
7,424,666
|
7,419,666
|
7,413,666
|
7,411,666
|
|||||||||||||||
Less: Restricted common shares not vested
|
53,150
|
54,800
|
55,600
|
73,200
|
71,200
|
|||||||||||||||
Common shares for book value determination
|
7,375,266
|
7,369,866
|
7,364,066
|
7,340,466
|
7,340,466
|
|||||||||||||||
|
||||||||||||||||||||
Book value per common share
|
$
|
16.16
|
$
|
15.72
|
$
|
15.30
|
$
|
15.39
|
$
|
14.98
|
||||||||||
Closing market price
|
23.90
|
20.72
|
18.85
|
18.87
|
18.99
|
|||||||||||||||
|
||||||||||||||||||||
Nonperforming asset data as of:
|
|
December 31,
|
|
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
||||||||||
(dollars in thousands)
|
2015
|
2015
|
2015
|
2015
|
2014
|
|||||||||||||||
|
||||||||||||||||||||
Nonaccrual loans
|
$
|
3,803
|
$
|
4,021
|
$
|
3,758
|
$
|
4,200
|
$
|
4,665
|
||||||||||
Accruing loans 90 days or more past due
|
79
|
50
|
45
|
137
|
15
|
|||||||||||||||
Nonperforming troubled debt restructurings (1)
|
-
|
-
|
-
|
-
|
-
|
|||||||||||||||
Total nonperforming loans
|
3,882
|
4,071
|
3,803
|
4,337
|
4,680
|
|||||||||||||||
Other real estate owned (OREO)
|
3,617
|
4,392
|
4,440
|
4,291
|
4,099
|
|||||||||||||||
Personal property repossessed
|
118
|
109
|
64
|
36
|
29
|
|||||||||||||||
Total nonperforming assets
|
$
|
7,617
|
$
|
8,572
|
$
|
8,307
|
$
|
8,664
|
$
|
8,808
|
||||||||||
|
||||||||||||||||||||
Total nonperforming assets to total assets
|
0.57
|
%
|
0.65
|
%
|
0.64
|
%
|
0.66
|
%
|
0.68
|
%
|
||||||||||
Total nonperforming loans to gross loans
|
0.36
|
%
|
0.38
|
%
|
0.36
|
%
|
0.41
|
%
|
0.46
|
%
|
||||||||||
Allowance for loan losses to nonperforming loans
|
339.31
|
%
|
314.71
|
%
|
323.35
|
%
|
270.76
|
%
|
234.15
|
%
|
||||||||||
Allowance for loan losses to gross loans
|
1.21
|
%
|
1.18
|
%
|
1.15
|
%
|
1.11
|
%
|
1.07
|
%
|
||||||||||
|
||||||||||||||||||||
Performing troubled debt restructurings
|
$
|
5,548
|
$
|
6,949
|
$
|
6,548
|
$
|
3,620
|
$
|
3,503
|
||||||||||
|
||||||||||||||||||||
(1) reported here only if not otherwise listed as nonperforming (i.e., nonaccrual or 90+ days past due)
|
|
For the three-month period ended
|
|||||||||||||||||||
Quarterly Average Balance Sheet Data:
|
December 31,
|
September 30,
|
June 30,
|
March 31,
|
December 31,
|
|||||||||||||||
(dollars in thousands)
|
2015
|
2015
|
2015
|
2015
|
2014
|
|||||||||||||||
|
||||||||||||||||||||
Interest-bearing cash equivalents
|
$
|
10,352
|
$
|
9,488
|
$
|
12,398
|
$
|
16,148
|
$
|
20,542
|
||||||||||
Available for sale securities and membership stock
|
135,044
|
135,706
|
136,063
|
147,433
|
155,506
|
|||||||||||||||
Loans receivable, gross
|
1,080,526
|
1,063,851
|
1,050,087
|
1,040,371
|
1,030,821
|
|||||||||||||||
Total interest-earning assets
|
1,225,922
|
1,209,045
|
1,198,548
|
1,203,952
|
1,206,869
|
|||||||||||||||
Other assets
|
96,411
|
91,437
|
91,493
|
92,966
|
90,682
|
|||||||||||||||
Total assets
|
$
|
1,322,333
|
$
|
1,300,482
|
$
|
1,290,041
|
$
|
1,296,918
|
$
|
1,297,551
|
||||||||||
|
||||||||||||||||||||
Interest-bearing deposits
|
$
|
963,510
|
$
|
935,089
|
$
|
933,444
|
$
|
943,035
|
$
|
920,566
|
||||||||||
Securities sold under agreements to repurchase
|
24,861
|
25,885
|
27,442
|
26,256
|
23,475
|
|||||||||||||||
FHLB advances
|
70,107
|
68,844
|
56,377
|
57,596
|
88,642
|
|||||||||||||||
Subordinated debt
|
14,694
|
14,670
|
14,647
|
14,626
|
14,606
|
|||||||||||||||
Total interest-bearing liabilities
|
1,073,172
|
1,044,488
|
1,031,910
|
1,041,513
|
1,047,289
|
|||||||||||||||
Noninterest-bearing deposits
|
125,759
|
120,283
|
124,436
|
123,033
|
121,280
|
|||||||||||||||
Other noninterest-bearing liabilities
|
755
|
1,472
|
802
|
754
|
658
|
|||||||||||||||
Total liabilities
|
1,199,686
|
1,166,243
|
1,157,148
|
1,165,300
|
1,169,227
|
|||||||||||||||
|
||||||||||||||||||||
Preferred stock
|
3,261
|
20,000
|
20,000
|
20,000
|
20,000
|
|||||||||||||||
Common stockholders' equity
|
119,386
|
114,239
|
112,893
|
111,618
|
108,324
|
|||||||||||||||
Total stockholders' equity
|
122,647
|
134,239
|
132,893
|
131,618
|
128,324
|
|||||||||||||||
|
||||||||||||||||||||
Total liabilities and stockholders' equity
|
$
|
1,322,333
|
$
|
1,300,482
|
$
|
1,290,041
|
$
|
1,296,918
|
$
|
1,297,551
|
||||||||||
|
||||||||||||||||||||
|
For the three-month period ended
|
|||||||||||||||||||
Quarterly Summary Income Statement Data:
|
|
December 31,
|
|
September 30,
|
|
June 30,
|
|
March 31,
|
|
December 31,
|
||||||||||
(dollars in thousands, except per share data)
|
2015
|
2015
|
2015
|
2015
|
2014
|
|||||||||||||||
|
||||||||||||||||||||
Interest income:
|
||||||||||||||||||||
Cash equivalents
|
$
|
9
|
$
|
7
|
$
|
18
|
$
|
16
|
$
|
49
|
||||||||||
Available for sale securities and membership stock
|
864
|
865
|
843
|
918
|
948
|
|||||||||||||||
Loans receivable
|
13,362
|
13,098
|
12,955
|
12,975
|
13,361
|
|||||||||||||||
Total interest income
|
14,235
|
13,970
|
13,816
|
13,909
|
14,358
|
|||||||||||||||
Interest expense:
|
||||||||||||||||||||
Deposits
|
1,847
|
1,785
|
1,800
|
1,756
|
1,703
|
|||||||||||||||
Securities sold under agreements to repurchase
|
29
|
29
|
32
|
30
|
27
|
|||||||||||||||
FHLB advances
|
320
|
317
|
304
|
301
|
333
|
|||||||||||||||
Subordinated debt
|
139
|
135
|
134
|
125
|
133
|
|||||||||||||||
Total interest expense
|
2,335
|
2,266
|
2,270
|
2,212
|
2,196
|
|||||||||||||||
Net interest income
|
11,900
|
11,704
|
11,546
|
11,697
|
12,162
|
|||||||||||||||
Provision for loan losses
|
496
|
618
|
659
|
837
|
862
|
|||||||||||||||
Securities gains
|
-
|
-
|
-
|
3
|
3
|
|||||||||||||||
Other noninterest income
|
2,791
|
2,202
|
2,398
|
2,091
|
2,184
|
|||||||||||||||
Noninterest expense
|
8,168
|
7,988
|
8,002
|
8,091
|
8,590
|
|||||||||||||||
Income taxes
|
1,820
|
1,665
|
1,718
|
1,497
|
1,460
|
|||||||||||||||
Net income
|
4,207
|
3,635
|
3,565
|
3,366
|
3,437
|
|||||||||||||||
Less: effective dividend on preferred shares
|
35
|
50
|
50
|
50
|
50
|
|||||||||||||||
Net income available to common shareholders
|
$
|
4,172
|
$
|
3,585
|
$
|
3,515
|
$
|
3,316
|
$
|
3,387
|
||||||||||
|
||||||||||||||||||||
Basic earnings per common share (2)
|
$
|
0.56
|
$
|
0.48
|
$
|
0.47
|
$
|
0.45
|
$
|
0.46
|
||||||||||
Diluted earnings per common share (2)
|
0.56
|
0.48
|
0.47
|
0.44
|
0.45
|
|||||||||||||||
Dividends per common share (2)
|
0.090
|
0.090
|
0.085
|
0.085
|
0.085
|
|||||||||||||||
Average common shares outstanding (2):
|
||||||||||||||||||||
Basic
|
7,425,000
|
7,422,000
|
7,418,000
|
7,413,000
|
7,404,000
|
|||||||||||||||
Diluted
|
7,460,000
|
7,454,000
|
7,524,000
|
7,604,000
|
7,593,000
|
|||||||||||||||
|
||||||||||||||||||||
Return on average assets
|
1.27
|
%
|
1.12
|
%
|
1.11
|
%
|
1.04
|
%
|
1.06
|
%
|
||||||||||
Return on average common shareholders' equity
|
14.0
|
%
|
12.6
|
%
|
12.5
|
%
|
11.9
|
%
|
12.5
|
%
|
||||||||||
|
||||||||||||||||||||
Net interest margin
|
3.88
|
%
|
3.87
|
%
|
3.85
|
%
|
3.89
|
%
|
4.03
|
%
|
||||||||||
Net interest spread
|
3.77
|
%
|
3.75
|
%
|
3.73
|
%
|
3.77
|
%
|
3.92
|
%
|
||||||||||
|
||||||||||||||||||||
Efficiency ratio
|
55.6
|
%
|
57.4
|
%
|
57.4
|
%
|
58.7
|
%
|
59.9
|
%
|
||||||||||
|
||||||||||||||||||||
(2) adjusted to reflect the 2-for-1 stock split in the form of a 100% stock dividend paid January 30, 2015
|
1 Year Southern Missouri Bancorp Chart |
1 Month Southern Missouri Bancorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions