Southern Missouri earnings increased year over year in preliminary results for the first quarter of fiscal 2027, supported by higher net interest income and lower credit-loss provisions. The bank holding company reported net income of $19.1 million and diluted earnings per share of $1.73 in an October 21, 2026, filing.
Key Takeaways
- Diluted EPS rose 25.4% from a year earlier but fell 5.5% from the preceding quarter.
- Net interest margin widened to 3.70%, while noninterest expenses increased 6.1% year over year.
Table of Contents
- Southern Missouri earnings improve from a year earlier
- Wider interest margin accompanies lower provisions
Southern Missouri earnings improve from a year earlier
Quarterly net income increased 22.0% from $15.7 million a year earlier. Diluted EPS rose by $0.35 from $1.38, although it declined by $0.10 from the preceding quarter’s $1.83.
Southern Missouri Bancorp, based in Poplar Bluff, Missouri, operates primarily through Southern Bank, serving individuals, small and midsized businesses, and municipalities.
Wider interest margin accompanies lower provisions
Net interest income increased by $3.5 million year over year. Net interest margin reached 3.70%, compared with 3.57% a year earlier and 3.67% in the preceding quarter. Higher noninterest income also supported the earnings improvement.
The provision for credit losses fell to $3.0 million from $4.5 million a year earlier and $3.24 million in the linked quarter. Nonperforming loans represented 0.60% of gross loans, down from 0.63% a year earlier.
Higher costs partly offset those gains. Noninterest expenses increased 6.1% year over year, primarily because of compensation and operating expenses. Return on assets was 1.44%, up from 1.24% a year earlier but below 1.57% in the preceding quarter. Return on equity followed the same pattern, reaching 12.7% versus 11.3% and 14.0%, respectively.
Insider stock sales totaled $1.8 million over the past year.
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