earnings
confidence high
sentiment negative
materiality 0.80
Southern Missouri Bancorp Q3 net income falls 74% to $2.4M on $10.1M credit loss provision from Citizens merger
SOUTHERN MISSOURI BANCORP, INC.
2023-Q3 EPS reported
$2.41
- Diluted EPS of $0.22, down 78.6% from $1.03 in prior-year quarter; after-tax merger charges reduced EPS by $0.73.
- Net interest income rose 34.5% to $33.8M; net interest margin unchanged at 3.48%.
- Nonperforming assets were $12.7M (0.30% of total assets), up from 0.20% at June 30, 2022.
- Quarterly dividend maintained at $0.21 per share, payable May 31, 2023 to holders of record May 15, 2023.
- Citizens merger contributed $447.4M in loans and $851.1M in deposits; total assets reached $4.3B.