Southern Missouri Bancorp 2026財年第四季每股盈利1.83美元 按年增31.7% 宣布季度股息增至0.27美元

EX-99.1
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smbc-20260727xex99d1.htm
EX-99.1

Exhibit 99.1

NASDAQ: SMBC
Fourth Quarter Fiscal 2026

Why Southern Bank?
We see people working to seize opportunities, build communities, and achieve their dreams right in their hometowns.
And we want to keep it that way. That's why we provide services, resources, and tools that help you accomplish what
you want, where you want.
Southern Missouri Bancorp, Inc, (“Company”) is a bank holding company and the parent company of Southern Bank (“Bank”).
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Arnold/Oakville team members participated in
and worked the booth at last year’s Keene
Insurance Group Golf Tournament
Smithville team members participated in
Smithville School District’s staff vendor fair.
Cape Girardeau team members
attended United Way’s ribbon cutting.
What Sets Us Apart?
OUR COMMUNITIES
We’re invested in what our communities are doing and
dedicated to provide exactly what they need in their
local bank. Our team members are deeply involved in
their communities – whether it is serving on boards
and committees, volunteering with local
schools/organizations, or coaching little league teams.
OUR PEOPLE
Our team members are what make our organization
great. We are respectful, honest, and professional and
strive to make every experience a good one – for both
our customers and coworkers. We work as a team to
help our customers reach their goals, whatever they
may be.
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OUR MISSION
We’re here for you and your financial goals.
OUR VISION
We create growth through opportunity.
• We provide our customers the best service and expand our
relationships to help them achieve their financial goals.
• We provide our team with the tools and
knowledge to serve our customers wherever
they may be.
• We provide our team members opportunities for professional
development, career advancement, and a positive work
environment.
• We provide for the well-being of our communities, working to
advance their economic, social, and educational prospects.
• We provide a sound return on our shareholders’ investment.
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Our Values
F
WE ACT AS A FAMILY.
We know we’re not a related family, but we really care about our people, both personally and professionally.
We like knowing that our skills, our time, and our efforts contribute to the overall success of those we spend time with everyday.
I
R
S
T
S
WE MOVE WITH INNOVATION.
We push for better ways to solve problems. We are not afraid of a challenge; we’re driven to develop new ideas and solutions
using creativity and experience. We are committed to leading and implementing new solutions for any obstacle.
WE ARE ROOTED.
We’re from here. These communities are our homes, and we are deeply invested in the purpose of making our hometowns the
best that they can be. We are firmly committed to success in the places where we’ve known people our whole lives.
WE PRIORITIZE SERVICE.
We put others above ourselves. We make intentional decisions and take action to benefit others, be it in our daily work with our
customers and fellow team members, or in volunteering our time, money, and energy in our communities.
WE BUILD TRUST.
We strive to be reliable and trustworthy, honest and transparent. We are dedicated to doing what’s best for our team members,
our customers, and our communities, and they can be confident that we are who we say we are.
WE ARE A SOURCE OF STRENGTH.
We have a capacity and resilience that has come through years of experience and growth. We are able to support those who
count on us, and those who need us can rely on us.
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RETAIL OFFERINGS BUSINESS OFFERINGS
• Digital Banking
Online & Mobile Banking (Card Center, Zelle®
[Personal & Small Business], Mobile Deposit,
Online Bill Pay, My Credit Score)
• ITM (Video Teller)
• Traditional Deposits & Consumer Lending
• Commercial Deposits & Treasury Management
ACH Origination (Credit/Debit), Positive Pay,
Remote Deposit Capture, Wire Transfers
• Commercial Lending Specialties
Small Business, Real Estate, Agriculture,
Equipment, Working Capital
• 1031 Exchange Center
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• Rebranded from Southern
Wealth Management
• Transactional & Fee-based
Investments
• Goal Based Financial
Planning
• Income Replacement
• Education Funding
• Life Insurance
• Personal: Homeowners,
Auto, Life, Medical, and
more
• Commercial: Property,
Liability, Workers’ Comp,
and Commercial Truck
Liability
• Personal & Institutional Trust
Administration
• Non-profit & Foundation Administration
• Employee Benefit Plan Administration
• Legacy Planning
• Estate Settlement
• Special Needs Trust Administration
• Discretionary Investment Management
• Specialty Asset Management
A financial advisory practice of Ameriprise Financial, LLC
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69 locations
serving
in 4 States
52 COMMUNITIES
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SUCCESSFUL ACQUISITIONS OVER THE LAST 10 YEARS
June 16
acquired
Tammcorp,
Inc., and its
subsidiary,
Capaha Bank
(“Capaha”)
2017
February 23
acquired
Southern Missouri
Bancshares, Inc., and
its subsidiary,
Southern Missouri
Bank of Marshfield
(“SMB-Marshfield”)
2018
November 21
acquired
Gideon Bancshares
Company and its
subsidiary, First
Commercial Bank
(“First Commercial”)
May 22
acquired
Central Federal
Bancshares,
Inc., and its
subsidiary,
Central Federal
Savings & Loan
Association
(“Central”)
2020
December 15
acquired
the Cairo, Illinois,
branch (“Cairo”) of
First National
Bank, Oldham,
South Dakota
2021
February 25
acquired
Fortune Financial,
Inc., and its
subsidiary
FortuneBank
(“Fortune”)
2022
January 20
acquired
Citizens Bancshares,
Co., and its
subsidiary,
Citizens Bank &
Trust Company
(“Citizens”)
2023
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Financial Highlights
• Earnings per common share (diluted) were $1.83 for the fourth quarter fiscal 2026, up $0.44, or 31.7%, compared to $1.39 for the
same quarter a year ago, and up $0.23, or 14.4%, from the third quarter of fiscal 2026.
• Annualized return on average assets (“ROA”) was 1.57% and annualized return on average common equity (“ROE”) was 14.0%,
compared to 1.27% and 11.8%, respectively, in the same quarter a year ago, and 1.41% and 12.6% in the third quarter of fiscal 2026.
• On July 21, 2026, the Board of Directors declared a quarterly cash dividend on common stock of $0.27 per share, representing an
increase of $0.02 per share, or 8.0% as compared to the previous quarterly dividend payment.
FISCAL YEAR 2026
* See “Important Statements – Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.
** Compound annualized growth rate for tangible book value per common share from June 30, 2011, through June 30, 2026
FOURTH QUARTER FISCAL 2026
• Tangible book value per share* was $47.43 as of June 30, 2026, an increase of $5.56, or 13.3%, from $41.87 as of June 30, 2025.
This reflects a compound annual growth rate of 10.5%** over the last 15 years.
• Loans, net of the ACL, were $4.3 billion as of June 30, 2026, an increase of $287.9 million, or 7.1%, compared to June 30, 2025.
• The Company repurchased 317,088 shares of its common stock during fiscal year 2026 at an average price of $58.59 per share, for a
total of $18.6 million. The average purchase price was 124% of our tangible book value as of June 30, 2026.
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1.59%
1.03% 1.10%
1.21%
1.41%
0.00%
0.50%
1.00%
1.50%
2.00%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Return on Average Assets
15.4%
10.4% 10.7% 11.4%
12.7%
0.0%
5.0%
10.0%
15.0%
20.0%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Return on Average Common Equity
$5.34
$4.49 $4.04
$4.96
$6.31
$5.21
$3.85
$4.42
$5.18
$6.43
 $-
 $1.00
 $2.00
 $3.00
 $4.00
 $5.00
 $6.00
 $7.00
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Historical Diluted Common EPS and Core Diluted Common EPS*
Core Diluted Common EPS* Diluted Common EPS
Data is for the fiscal years ended June 30.
* See “Important Statements – Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.
.
Profitability and Earnings History
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$103,567 $126,745 $139,483 $154,616 $172,849
3.66%
3.43%
3.14% 3.31%
3.57%
3.72%
3.54%
3.27%
3.40%
3.62%
3.00%
3.20%
3.40%
3.60%
3.80%
$0
$50,000
$100,000
$150,000
$200,000
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Net Interest Income, Net Interest Margin, and Core Net Interest Margin*
(dollars in thousands)
Net Interest Income Core Net Interest Margin* Net Interest Margin
50.8% 56.5% 58.9% 55.9% 50.9%
2.14% 2.27% 2.14% 2.11%
2.00%
1.80%
1.90%
2.00%
2.10%
2.20%
2.30%
45.0%
50.0%
55.0%
60.0%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Efficiency Ratio & Noninterest Expense/Average Assets
Efficiency Ratio Non-Interest Exp. /Avg. Assets
Data is for the fiscal years ended June 30.
* See “Important Statements – Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.
Financial Data
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0.20%
0.26% 0.23%
0.47%
0.64%
0.00%
0.20%
0.40%
0.60%
0.80%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
NPAs/Total Assets
1.22%
1.32%
1.36%
1.26% 1.25%
1.15%
1.20%
1.25%
1.30%
1.35%
1.40%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ACL/Gross Loans
526%
424%
497%
218%
164%
0%
100%
200%
300%
400%
500%
600%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
ACL/NPAs
0.00%
0.02%
0.05%
0.17% 0.18%
0.00%
0.05%
0.10%
0.15%
0.20%
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
NCOs/Average Loans
Data is at period ends June 30.
NPAs are defined as NPLs, and other real estate owned, plus other repossessed assets. NCOs are net charge-offs.
Credit Quality Performance
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$2,719
$3,619
$3,851
$4,100
$4,392
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
All Other Loans
Consumer
 Agriculture Production
Commercial and Industrial
Agriculture Real Estate
Construction and Land
Development
Multi-family R/E
O/O Commercial Real Estate
Non-O/O Commercial R/E
1-4 Residential R/E
Loan Portfolio, at period end
(Gross loans*, dollars in millions)
Loan Growth
* For fiscal years 2022-2025 loan balances above are gross loans, excluding loans in process and deferred loan fees. For FY 2026 loan balances above are gross loans, excluding loans in process, and loans held for sale.
 Data is as of fiscal years ended June 30. Acquisitions over this time period included the following loan portfolios, noted at fair value on the acquisition date:
Citizens Acquisition, January 2023: $447 million
FortuneBank Acquisition, February 2022: $202 million
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Loans
as of June 30, 2026
Loans
as of June 30, 2022
Loan Portfolio Composition
1-4 Residential
R/E, 24.3%
Non O/O CRE,
22.2%
O/O CRE, 10.2%
Multi-Family R/E,
11.3%
Const. and Land
Dev., 6.9%
Ag. R/E, 7.8%
C&I, 11.4%
Ag. Prod., 4.1%
Consumer, 1.6%
All Other Loans,
0.2%
1-4 Residential
R/E, 24.7%
Non O/O CRE,
21.0%
O/O CRE, 10.7%
Multi-Family R/E,
10.7%
Const. and Land
Dev., 7.1%
Ag. R/E, 6.7%
C&I, 12.6%
Consumer, Ag. Prod., 5.0%
1.2%
All Other Loans,
0.2%
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$2,815
$3,726
$3,943
$4,281 $4,408
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Noninterest-bearing Transaction
Accounts
Interest-bearing Transaction
Accounts
Money Market Deposit Accounts
Savings Accounts
Certificates < $250,000
Brokered Certificates (not
reciprocal)
Certificates > $250,000
Deposits, at period end
(dollars in millions)
Deposit Growth
Data is as of fiscal years ended June 30. Acquisitions over this time period included the following deposit balances assumed, noted at fair value on the acquisition date:
Citizens Acquisition, January 2023: $851 million
FortuneBank Acquisition, February 2022: $214 million
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Deposits
as of June 30, 2022
Deposits
as of June 30, 2026
Deposit Portfolio Composition
CDs >= $250,000,
4.9% Brokered CDs, 0.4%
CDs < $250,000,
17.4%
Savings, 9.7%
MMDAs, 10.8%
NOW, 41.6%
Noninterest,
15.2%
CDs >= $250,000,
16.0%
Brokered CDs, 6.4%
CDs < $250,000,
17.1%
Savings, 16.1%
MMDAs, 7.4%
NOW, 24.4%
Noninterest,
12.7%
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$0.80 $0.84 $0.84 $0.92 $1.00
1.77%
2.18%
1.87%
1.68%
1.31%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
 Dividends per Common Share Dividend Yield
Data is for the fiscal years ended June 30. Stock price used to calculate dividend yield is the period end closing stock price.
Dividends per Common Share and Dividend Yield
Dividend Yield
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$10.59 $11.28 $12.38 $13.19 $14.14 $15.96 $18.40 $20.15 $23.22 $26.00 $29.55 $31.05 $32.34 $36.68 $41.87 $47.43
$10.39 $10.75 $12.84
$17.84 $18.85
$23.53
$32.26
$39.02
$34.83
$24.30
$44.96 $45.26
$38.45
$45.01
$54.78
$76.21
$0.00
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
$90.00
FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
 Tangible Book Value per Common Share* Closing Stock Price
TBV/CS COMPOUND ANNUALIZED GROWTH RATE OF 10.5%**
COMMON STOCK PRICE COMPOUND ANNUALIZED GROWTH RATE OF 14.2%**
Data is as of June 30. Stock price used is the period end closing stock price.
* See “Important Statements – Non-GAAP Financial Measures” for a reconciliation of non-GAAP financial measures.
** Compound annualized growth rate for stock price and tangible book value per common share from June 30, 2011, through June 30, 2026.
Tangible Book Value per Common Share* and Closing Stock Price
Tangible Book Value Growth
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Data as of June 30, 2026
Source: S&P Global Market Intelligence
Stock Performance – 15 Year Total Return
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Forward Looking Statements
This document contains statements about the Company and its subsidiaries which we believe are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Southern
Missouri Bancorp, Inc. (the “Company”). These forward-looking statements relate to our financial condition, results of operations, and may include, without limitation, statements with respect to anticipated future operating
and financial performance, growth opportunities, interest rates, cost savings and funding advantages expected or anticipated to be realized by management. Words such as “may,” “could,” “should,” “would,” “believe,”
“anticipate,” “estimate,” “expect,” “intend,” “plan” and similar expressions are intended to identify these forward-looking statements. Forward-looking statements by the Company and its management are based on beliefs,
plans, objectives, goals, expectations, anticipations, estimates and intentions of management and are not guarantees of future performance. The important factors we discuss below, as well as other factors discussed under
the caption "Management’s Discussion and Analysis of Financial Condition and Results of Operations" and identified in our Annual Report on Form 10-K and in our other filings with the SEC and those presented elsewhere by
our management from time to time, could cause actual results to differ materially from those indicated by the forward-looking statements made in this document:
expected cost savings, synergies and other benefits from our merger and acquisition activities, might not be realized within the anticipated time frames, to the extent anticipated, or at all, and costs or difficulties relating to
integration matters, including but not limited to customer and employee retention and labor shortages, might be greater than expected and goodwill impairment charges might be incurred;
potential adverse impacts to economic conditions both nationally and in our local market areas, other markets where the Company has lending relationships, or other aspects of the Company’s business operations or
financial markets, including, without limitation, as a result of employment levels, labor shortages and the effects of inflation, a potential recession or slowed economic growth;
the strength of the United States economy in general and the strength of the local economies in which we conduct operations;
fluctuations in interest rates and inflation, including the effects of a potential recession whether caused by Federal Reserve actions or otherwise or slowed economic growth caused by changes in oil prices or supply chain
disruptions;
the impact of monetary and fiscal policies of the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) and the U.S. Government and other governmental initiatives affecting the financial services
industry;
potential imposition of new or increased tariffs or changes to existing trade policies that could affect economic activity or specific industry sectors;
the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment;
the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses on loans;
our ability to access cost-effective funding and maintain sufficient liquidity;
the timely development of and acceptance of our new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors’
products and services;
fluctuations in real estate values and both residential and commercial real estate markets, as well as agricultural business conditions;
fluctuations in the demand for loans and deposits, including our ability to attract and retain deposits;
the impact of a federal government shutdown;
legislative or regulatory changes that adversely affect our business;
the effects of climate change, severe weather events, other natural disasters, war, terrorist activities or civil unrest and their effects on economic and business environments in which the Company operates;
changes in accounting principles, policies, or guidelines;
results of examinations of us by our regulators, including the impact on FDIC insurance premiums and the possibility that our regulators may, among other things, require an increase in our reserve for credit losses on loans
or a write-down of assets;
the impact of technological changes and an inability to keep pace with the rate of technological advances;
the inability of key third party providers to perform their obligations to us;
cyber threats, such as phishing, ransomware, and insider attacks, can lead to financial loss, reputational damage, and regulatory penalties if sensitive customer data and critical infrastructure are not adequately protected;
our ability to retain key members of our management team; and
our success at managing the risks involved in the foregoing.
Important Statements
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Forward Looking Statements continued
Any forward-looking statements are based upon management’s beliefs and assumptions at the time they are made. The Company wishes to advise readers that the factors listed above and other risks described in our Annual
Report on Form 10-K, including, without limitation, those described under Item 1A. “Risk Factors,” and other documents filed or furnished from time to time by the Company with the SEC (and are available on our website at
investors.bankwithsouthern.com and on the SEC’s website at www.sec.gov) could affect the Company’s financial performance and cause the Company’s actual results for future periods to differ materially from any opinions
or statements expressed with respect to future periods in any current statements. We undertake no obligation to publicly update or revise any forward-looking statements or to update the reasons why actual results could
differ from those contained in such statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking statements discussed might not
occur, and you should not put undue reliance on any forward-looking statements.
Financial Data
Financial information presented for the fourth quarter of fiscal 2026 and fiscal year 2026, and as of June 30, 2026, is provided on a preliminary basis and is unaudited.
Non-GAAP Financial Measures
Tangible common equity, tangible book value per common share, core diluted earnings per common share, and core net interest margin are financial measures determined by methods other than in accordance with
accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental and not a substitute for an analysis based on GAAP measures. As other companies may use different
calculations for these measures, this presentation may not be comparable to other similarly titled measures used by other companies.
We calculate tangible common equity by excluding the balance of intangible assets from common stockholders’ equity. We calculate tangible book value per common share by dividing tangible common equity by common
shares outstanding, less restricted common shares not vested, as compared to book value per common share, which we calculate by dividing common stockholders’ equity by common shares outstanding, less restricted
common shares not vested. We believe that this is consistent with the treatment by bank regulatory agencies, which generally exclude intangible assets from the calculation of risk-based capital ratios.
We calculate core diluted earnings per common share by excluding from net interest income the accretion of fair value discount on the acquired loan portfolio and amortization of fair value premium on the acquired time
deposit portfolio resulting from the fiscal 2015 Peoples acquisition, the fiscal 2017 Capaha acquisition, the fiscal 2018 SMB-Marshfield acquisition, the fiscal 2019 First Commercial acquisition, the fiscal 2020 Central
acquisition, the fiscal 2022 FortuneBank acquisition, and the fiscal 2023 Citizens acquisition. We also exclude from noninterest expense the acquisition expenses we incurred during fiscal years 2022, 2023 and 2024 resulting
from these acquisitions. We believe that core diluted earnings per common share is useful in assessing our core operating performance, particularly when comparing periods or when comparing our operating performance to
the operating performance of our industry peers.
We calculate core net interest margin by excluding from net interest income the accretion of fair value discount on the acquired loan portfolio and amortization of fair value premium on the acquired time deposit portfolio
resulting from the Peoples acquisition, the Capaha acquisition, the SMB-Marshfield acquisition, the First Commercial acquisition, the Central acquisition, the FortuneBank acquisition, and the Citizens acquisition.
We believe that each of these non-GAAP financial measures provides information that is important to investors and that is useful in understanding our capital position and ratios. Reconciliations of the non-GAAP measures of
tangible common equity, tangible book value per common share, core diluted earnings per common share, and core net interest margin to the GAAP measures of common stockholders’ equity, book value per common share,
diluted earnings per common share, and net interest margin are set forth below.
Important Statements
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Important Statements
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Important Statements
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Stefan Chkautovich
Executive Vice President and
Chief Financial Officer
Thank You.
Matt Funke
President and
Chief Administrative Officer
Greg Steffens
Chairman and
Chief Executive Officer
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