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Southern Missouri Bancorp (SMBC)
NASDAQ:SMBC
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Southern Missouri Bancorp
(NASDAQ:SMBC)
77Outperform
Southern Missouri Bancorp (SMBC) vs. S&P 500 (SPY)
Market Cap
$596.00M
Dividend Yield1.72%
Average Volume (3M)27.88K
Price to Earnings (P/E)10.7
Beta (1Y)1.01
Revenue Growth13.46%
EPS Growth8.31%
CountryUS
Employees693
SectorFinancial
Sector Strength86
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.39
Shares Outstanding11,277,167
10 Day Avg. Volume26,138
30 Day Avg. Volume27,882
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.84
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit3.05
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$62.50Price Target Upside19.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Southern Missouri Bancorp Business Overview & Revenue Model
Company DescriptionSouthern Missouri Bancorp, Inc. (SMBC) is a financial holding company that operates primarily through its subsidiary, Southern Bank. The company provides a range of banking and financial services targeted primarily at individuals and small to medium-sized businesses. Its core services include personal and commercial banking, mortgage lending, and wealth management. Southern Missouri Bancorp is focused on serving communities across Southern Missouri and Northern Arkansas, with a commitment to delivering personalized financial solutions.
How the Company Makes MoneySouthern Missouri Bancorp generates revenue primarily through interest income from its lending activities, including personal loans, commercial loans, and mortgages. Another significant revenue stream is the interest earned on securities and other investments. The company also earns non-interest income from various banking services, such as transaction fees, account service charges, and wealth management services. Additionally, partnerships with financial institutions and businesses for product offerings contribute to revenue. The company's earnings are influenced by factors such as interest rate fluctuations, loan demand, and economic conditions in its service regions.
Southern Missouri Bancorp Financial Statement Overview
Summary
Southern Missouri Bancorp demonstrates strong financial health, evidenced by substantial revenue and profit growth, zero debt, and robust cash flow metrics. The income statement shows significant revenue growth and healthy margins, while the balance sheet benefits from a strong equity position with no debt. Cash flow management is solid, though there's room for improvement in growth rates.Income Statement
Southern Missouri Bancorp's income statement shows strong growth with a notable increase in total revenue from $124.77 million in 2022 to $255.19 million in TTM (Trailing-Twelve-Months). The gross profit margin remains robust at 100% due to the nature of banking revenue. The net profit margin for TTM is approximately 20.35%, which is healthy for the industry. EBIT and EBITDA margins, 39.2% and 25.5% respectively, indicate good operational efficiency. Revenue growth is strong over the past year, contributing to a high score.―
Balance Sheet
The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0, as total debt is zero. The return on equity (ROE) for TTM is about 10.14%, reflecting efficient use of equity. The equity ratio is 10.44%, indicating a stable financial structure. The absence of debt reduces financial risk and contributes to the company's stability.80
Cash Flow
The cash flow statement highlights a strong operating cash flow of $69.17 million in TTM, with free cash flow growth remaining steady. The operating cash flow to net income ratio is 1.33, indicating strong cash generation capability. The free cash flow to net income ratio is 1.21, showing efficient cash conversion. These metrics reflect solid cash flow management, though there's room for improvement in growth rates.―
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 164.33M | 152.95M | 124.77M | 112.73M | 97.49M | Gross Profit |
| 164.33M | 152.95M | 124.77M | 112.73M | 97.49M | EBIT |
| 63.20M | 49.46M | 77.68M | 59.71M | 34.43M | EBITDA |
| 73.20M | 57.02M | 65.83M | 65.13M | 39.99M | Net Income Common Stockholders |
| 50.18M | 39.24M | 47.17M | 47.18M | 27.55M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 13.97M | 472.77M | 326.95M | 331.63M | 231.74M | Total Assets |
| 4.60B | 4.36B | 3.21B | 2.70B | 2.54B | Total Debt |
| 125.21M | 156.62M | 61.01M | 72.77M | 85.17M | Net Debt |
| 63.81M | 101.40M | -30.57M | -51.80M | 29.95M | Total Liabilities |
| 4.12B | 156.62M | 2.89B | 2.42B | 2.28B | Stockholders Equity |
| 488.75M | 446.06M | 320.77M | 283.42M | 258.35M |
| Cash Flow | Free Cash Flow | |||
| 61.22M | 55.98M | 62.73M | 48.91M | 36.00M | Operating Cash Flow |
| 70.27M | 62.02M | 67.34M | 51.76M | 40.30M | Investing Cash Flow |
| -245.74M | -213.41M | -303.93M | -101.92M | -272.36M | Financing Cash Flow |
| 182.39M | 118.55M | 199.80M | 119.50M | 250.90M |
Southern Missouri Bancorp Technical Analysis
Positive
52.46
Price Trends
52.35
Positive
55.29
Negative
56.45
Negative
Market Momentum
0.40
Negative
57.87
Neutral
58.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMBC, the sentiment is Positive. The current price of 52.46 is above the 20-day moving average (MA) of 51.33, above the 50-day MA of 52.35, and below the 200-day MA of 56.45, indicating a neutral trend. The MACD of 0.40 indicates Negative momentum. The RSI at 57.87 is Neutral, neither overbought nor oversold. The STOCH value of 58.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SMBC.
Southern Missouri Bancorp Risk Analysis
Southern Missouri Bancorp disclosed 34 risk factors in its most recent earnings report. Southern Missouri Bancorp reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Southern Missouri Bancorp Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $678.41M | 10.76 | 9.47% | ― | 14.53% | -2.85% | |
77 Outperform | $596.00M | 10.66 | 11.12% | 1.72% | 13.46% | 8.31% | |
77 Outperform | $593.04M | 11.70 | 7.63% | 4.62% | 5.63% | -3.82% | |
73 Outperform | $591.89M | 12.34 | 13.78% | 2.87% | 17.35% | -13.53% | |
66 Neutral | $565.59M | 13.47 | 6.12% | 5.66% | 5.10% | -24.91% | |
64 Neutral | $12.54B | 9.79 | 7.92% | 16985.69% | 12.58% | -6.07% | |
52 Neutral | $590.54M | ― | -8.74% | 3.43% | -27.64% | -343.61% |
* Financial Sector Average
Performance Comparison
SMBC
Southern Missouri Bancorp
53.32
11.92
28.79%
HTBK
Heritage Commerce
9.20
1.23
15.43%
MOFG
Midwestone Financial Group
28.93
7.97
38.02%
TRST
TrustCo Bank
31.36
4.30
15.89%
MCB
Metropolitan Bank Holding
65.23
22.60
53.01%
FSBC
Five Star
28.54
6.62
30.20%
Southern Missouri Bancorp Earnings Call Summary
Earnings Call Date:Apr 21, 2025
(Q3-2025)
| % Change Since: 6.04%|
Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with positive trends in earnings, deposit growth, and net interest margin. However, challenges such as increased nonperforming loans, rising delinquencies, and pressures in the agricultural segment temper the positive aspects.Q3-2025 Updates
Positive Updates
Improved Earnings and Profitability
Earnings and profitability improved due to a larger earning asset base, with net interest income up 3.5% quarter-over-quarter and 14.4% year-over-year.
Strong Deposit Growth
Deposit balances increased by about $51 million in the third quarter and increased by $275 million or about 7% year-over-year.
Tangible Book Value Increase
Tangible book value per share increased by $4.86 or almost 14% over the last 12 months.
Positive Trends in Net Interest Margin
Net interest margin for the quarter was 3.39%, up from 3.15% a year ago and 3.36% from the previous quarter.
Pipeline and Loan Growth Potential
Despite a seasonal decline, there is optimism for at least mid-single-digit loan growth for the fiscal year with a strong pipeline totaling $163 million.
Negative Updates
Increase in Nonperforming Loans
Nonperforming loans increased by $14 million compared to the last quarter, totaling 0.55% of gross loans, primarily due to specific loans collateralized by insolvent tenant properties.
Rising Loan Delinquencies
Loans past due 30 to 89 days were $15 million, up $8 million from December, and total delinquent loans increased by $11 million.
Agricultural Segment Challenges
Agricultural loans face pressures from declining commodity prices, weather-related losses, and higher input costs, with new tariffs adding uncertainty.
Noninterest Income Decline
Noninterest income decreased by 2.9% compared to the linked quarter, primarily due to lower deposit account fees and loan origination volumes.
Company Guidance
During the Southern Missouri Bancorp earnings call for the third quarter of fiscal year 2025, several key financial metrics and trends were highlighted. The company reported an increase in net interest income and an expanded net interest margin of 3.39%, up from 3.15% a year ago, largely due to a lower cost of funds and fair value accretion income. Earnings per share for the quarter were $1.39, a rise from $1.30 in the previous quarter and $0.99 in the same quarter of the previous year. Despite a decrease in gross loan balances of $3.5 million from the previous quarter, there was a year-over-year increase of $252 million or nearly 7%. Deposit balances grew by $51 million during the quarter and by $275 million or about 7% year-over-year. Tangible book value per share increased by $4.86 or nearly 14% over the past year. However, credit quality showed some signs of stress, with nonperforming loans rising to $22 million, representing 0.55% of gross loans, an increase from $8 million in the previous quarter. The allowance for credit losses stood at $54.9 million, or 1.37% of gross loans, with net charge-offs for the quarter at $1.1 million. The company remains optimistic about achieving mid-single-digit loan growth for the full fiscal year, supported by a strong pipeline and disciplined lending practices.Southern Missouri Bancorp Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Southern Missouri Bancorp Promotes Justin Cox to Chief Banking Officer
Positive
Mar 31, 2025
On March 31, 2025, Southern Missouri Bancorp announced the promotion of Justin G. Cox to the newly created position of Chief Banking Officer, effective May 1, 2025. This change follows a process improvement project aimed at enhancing customer engagement and organizational profitability. Cox, who has been with the bank since 2010, is expected to unify customer engagement efforts across the organization, leveraging his extensive experience in banking and leadership roles.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.