**Southern Missouri Bancorp Reports Increased Net Income and Asset Growth in Fiscal Year 2025**

Southern Missouri Bancorp, Inc., the parent company of Southern Bank, reported total assets of $5.0 billion as of June 30, 2025, marking a $415.3 million, or 9.0%, increase compared to the previous fiscal year. This growth was primarily driven by increases in loans, cash and cash equivalents, and available-for-sale (AFS) securities. The company's net income for the fiscal year reached $58.6 million, a $8.4 million, or 16.7%, increase from the $50.2 million reported in fiscal year 2024. Basic earnings per share were $5.19, while diluted earnings per share were $5.18.

The company's financial performance was bolstered by a net interest income of $154.6 million, up $15.1 million, or 10.8%, from the previous year. This increase was attributed to a 6.7% rise in the average balance of interest-earning assets and an expansion of the net interest margin to 3.40%. Total deposits also saw an increase, reaching $4.3 billion, which is a $338.3 million, or 8.6%, increase compared to the previous year. The company's loan portfolio, net of the allowance for credit losses, stood at $4.0 billion, reflecting a $251.7 million, or 6.6%, increase from the prior year.

Key operational developments included an increase in nonperforming assets to $23.7 million, representing 0.47% of total assets, compared to $10.6 million, or 0.23% of total assets, in the previous year. The allowance for credit losses (ACL) was $51.6 million, which is 1.26% of gross loans, compared to $52.5 million, or 1.36% of gross loans, in the prior year. The company's employee headcount totaled 739, comprising 696 full-time and 43 part-time employees. The company also continued to offer fiduciary and investment management services through its Southern Wealth Management division, with assets under management reaching $645.8 million.

Looking ahead, the company acknowledges potential risks related to economic conditions, interest rate fluctuations, and credit quality. The company also recognizes the importance of managing cybersecurity risks and adapting to technological changes in the financial services industry. Southern Missouri Bancorp intends to continue its policy of paying quarterly dividends, although future payments will depend on various factors, including capital requirements and regulatory limitations. The company remains focused on expanding its commercial banking activities and managing its asset/liability position to maximize net interest income while maintaining a strong capital base.

About SOUTHERN MISSOURI BANCORP, INC.

Southern Missouri Bancorp, Inc. is a bank holding company operating Southern Bank, a community-focused financial institution. It offers retail banking, mortgage, commercial real estate, construction, agricultural, and consumer loans across Missouri, Illinois, and Arkansas. The company emphasizes local market lending, diversified loan portfolios, and competitive interest rates, leveraging its regional presence and community ties to serve individual and business customers.

This description was generated via AI from an annual report. Updated 8 months ago.

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