NASDAQ$SMBC

Southern Missouri Bancorp Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Net income slightly decreased due to increased noninterest expense, provision for income taxes, and decreased noninterest income, offset by increased net interest income and decreased provision for credit losses.

Southern Missouri Bancorp reported preliminary net income of $12.0 million for Q2 2022, a slight decrease of 0.5% compared to the same period last year. EPS increased to $1.35, up from $1.32 in the prior year. Deposit balances increased by $180.6 million, and net loans increased by $109.1 million.

  • Annualized return on average assets was 1.69%, while annualized return on average common equity was 16.1%.
  • Earnings per common share (diluted) were $1.35, up $.03, or 2.3%, as compared to the same quarter a year ago.
  • The Company did not record a provision for credit losses (PCL) in the current quarter.
  • Deposit balances increased by $180.6 million in the quarter, inclusive of $28.5 million growth attributable to a single branch purchase and assumption.

Headline financials

Total Revenue

$30.3M

Previous: $29.2M+3.7%
EPS (adj)

$1.35

Previous: $1.32+2.3%
Net Interest Margin

3.8%

No prior period
Return on Avg Assets

1.7%

No prior period
Return on Avg Common Equity

16.1%

No prior period
Capital Expenditures

-$3.69M

Previous: -$1.02M-261.7%
Free Cash Flow

$8.3M

Previous: $11M-24.8%
Net Income

$12M

Previous: $12M-0.5%
Operating Income

$21.8M

Previous: $18.6M+17.2%
Gross Profit

$29.7M

Previous: $27.1M+9.3%
Cash & Equivalents

$185M

Previous: $150M+24.1%
Total Assets

$2.92B

Previous: $2.62B+11.3%

Revenue & EPS history

Southern Missouri Bancorp · Revenue · Quarterly

$30.3M

Q2 2022+3.7%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Southern Missouri Bancorp · $4.29M total across 6 segments · Q1 2021

  • Deposit fees
    $1.34M-5.9%
  • Loan sale gains
    $1.21M+341.8%
  • Card interchange
    $830K+10.5%
  • Other loan fees
    $327K+34.6%
  • Loan servicing fees
    $310K+138.5%
  • BOLI income
    $280K+10.2%

Forward guidance

The matters discussed in this press release may be deemed to be forward-looking statements that are subject to known and unknown risks, uncertainties, and other factors that could cause the actual results to differ materially from the forward-looking statements

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.5%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.9%

Avg return

30 days after

44%

28 / 64 earnings

Positive

+10.2%

Q1 2021

Best reaction

-14.0%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.8%+6.3%+4.7%
Q2 2026+5.3%-2.3%-5.5%
Q1 2026+0.1%-2.0%+5.9%
Q3 2025+0.1%-3.3%-4.6%
Q2 2025+1.7%+1.9%-1.7%
Q1 2025+4.3%+2.7%+15.7%
Q4 2024+5.5%-0.3%+7.9%
Q3 2024-2.1%+1.1%+0.3%
Q2 2024-3.8%-15.4%-16.1%
Q1 2024+0.9%+2.0%+13.0%
Q4 2023+7.7%+9.0%+2.5%
Q3 2023-14.0%-10.7%+2.4%
Q2 2023+2.3%+5.7%-2.7%
Q1 2023-8.1%-5.4%-1.7%
Q4 2022+4.6%+13.5%+11.8%
Q3 2022-4.5%-7.6%+0.1%
Q2 2022+3.0%+3.5%-1.1%
Q1 2022+0.4%+12.5%+16.0%
Q4 2021+1.3%+1.0%+2.0%
Q3 2021+0.8%+4.2%+9.7%
Q2 2021-1.4%+2.0%+8.6%
Q1 2021+10.2%+4.6%+25.7%
Q4 2020-1.6%+0.5%+6.0%
Q3 2020-1.2%-3.2%+1.2%
Q2 2020+0.5%-1.6%-3.3%
Q1 2020-0.2%-0.4%+2.7%
Q4 2019+0.1%+6.9%+4.6%
Q3 2019-1.6%+0.6%+0.7%
Q2 2019+1.7%+6.6%+10.6%
Q1 2019-0.9%-5.2%-5.4%
Q4 2018-0.2%-0.8%-0.5%
Q3 2018-6.0%-5.8%-4.1%
Q2 2018-1.2%+0.3%-8.2%
Q1 2018+1.5%+6.2%+7.5%
Q4 2017+0.6%+0.0%-1.6%
Q3 2017-1.4%-4.0%-10.0%
Q2 2017+2.3%+0.1%+6.5%
Q1 2017+1.3%-0.2%+18.6%
Q4 2016-0.4%-3.1%-4.2%
Q3 2016+1.6%
Q2 2016-0.8%
Q1 2016-0.6%
Q4 2015+0.3%
Q3 2015-1.4%
Q2 2015-2.0%
Q1 2015+3.1%
Q4 2014+1.0%
Q3 2014-1.4%
Q2 2014+3.5%
Q1 2014+5.3%
Q4 2013+0.0%
Q3 2013-5.0%
Q2 2013-1.7%
Q1 2013+0.0%
Q4 2012-0.4%
Q4 2010-0.4%
Q3 2012-2.3%
Q2 2011-3.3%
Q2 2012-3.3%
Q4 2011-6.1%
Q1 2012-6.1%
Q3 2011-6.1%
Q1 2011-6.1%
Q3 2010-4.7%

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