NASDAQ$SMBC

Southern Missouri Bancorp Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Net income increased significantly due to negative provision for credit losses and growth in net interest and noninterest income.

Southern Missouri Bancorp reported a strong fourth quarter for fiscal year 2021, with net income increasing by 98.3% compared to the same period last year, driven by a negative provision for credit losses, increased net interest and noninterest income, and decreased noninterest expense.

  • Net income for the fourth quarter of fiscal 2021 was $13.7 million, a 98.3% increase year-over-year.
  • Earnings per share (diluted) for the fourth quarter were $1.53, up 101.3% year-over-year.
  • The company recorded a negative provision for credit losses totaling $2.6 million.
  • Net loans increased $65.4 million during the quarter, despite a $37.5 million decline in PPP loan balances.

Headline financials

Total Revenue

$28.8M

Previous: $26.8M+7.3%
EPS (adj)

$1.53

Previous: $0.76+101.3%
Net Interest Margin

3.7%

Previous: 3.8%-0.3%
Return on Avg Assets

2.0%

Previous: 1.1%+82.7%
Return on Avg Common Equity

19.8%

Previous: 10.8%+83.3%
Capital Expenditures

$1.47M

Previous: $4.3M-65.9%
Free Cash Flow

$17.7M

Previous: $36M-50.8%
Net Income

$13.7M

Previous: $6.9M+98.4%
Operating Income

$17.2M

Previous: $6.9M+149.5%
Cash & Equivalents

$125M

Previous: $55.2M+125.6%
Total Assets

$2.7B

Previous: $2.54B+6.2%

Revenue & EPS history

Southern Missouri Bancorp · Revenue · Quarterly

$28.8M

Q4 2021+7.3%vs Q4 2020
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 company expects some of the higher than normal deposit balances to dissipate in coming quarters and anticipates forgiveness payments to continue in the next several quarters.

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 Q4 2021

Historical avgQ4 2021

-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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