secwatch.observer — SEC 8-K summary
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Issuer:     SOUTHERN MISSOURI BANCORP, INC. (SMBC)
CIK:        0000916907
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001558370-24-002039
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Southern Missouri Bancorp investor update: $4.6B assets, TBV $34.65/share
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- Assets $4.6B, loans net $3.7B, deposits $4.0B, equity $470.2M as of Dec 31, 2023.
- Completed Citizens Bancshares merger Jan 2023; Citizens had $973M assets, $463M loans, $838M deposits.
- Tangible common equity $391.1M, TBV/share $34.65, CAGR 9.3% since June 2019.
- Sold $12.4M securities at $682k loss, reinvested into higher-yielding securities with earn-back under 2 years.
- FY2023 non-recurring merger expenses $4.9M reduced diluted EPS by $0.42.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916907/000155837024002039/0001558370-24-002039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916907/000155837024002039/smbc-20240228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer