The strong EPS beat and dividend increase are clear positives, but the rising NPA ratio and higher provision for credit losses warrant close monitoring. Traders should watch the upcoming conference call for management's outlook on credit quality trends in the agricultural and commercial real estate portfolios. The stock's recent price of $76.21 is well above tangible book value of $47.43, suggesting the market is pricing in continued strong performance.
Price Chart
Executive Summary
Southern Missouri Bancorp reported strong Q4 fiscal 2026 results with diluted EPS of $1.83, significantly beating the consensus estimate of $1.65 by 10.9%. Net income rose 28.5% YoY to $20.3 million, driven by higher net interest income and a lower tax rate. The company also increased its quarterly dividend by 8.0% to $0.27 per share, marking the 129th consecutive quarterly payout. However, credit quality metrics showed deterioration, with nonperforming assets rising to 0.64% of total assets from 0.47% a year ago, and the provision for credit losses increasing to $3.2 million, partially offsetting the positive earnings momentum.
Key Financial Metrics
Key Facts
- Diluted EPS of $1.83 beat the $1.65 consensus estimate by 10.9%
- Net income of $20.3 million increased 28.5% YoY
- Quarterly dividend raised 8.0% to $0.27 per share
- Net interest margin expanded 20 bps YoY to 3.67%
- Gross loans grew 7.1% YoY to $4.39 billion
- Nonperforming assets increased to 0.64% of total assets from 0.47% a year ago
- Provision for credit losses rose to $3.2 million from $2.5 million in the prior-year quarter
- Efficiency ratio improved to 49.3% from 54.6% a year ago
- Company repurchased 4,000 shares in Q4 at an average price of $69.10
Financial Impact
EPS beat of $0.18 (10.9%) above consensus on $20.3M net income (+28.5% YoY); dividend increased $0.02 per share
Risk Factors
- Rising nonperforming assets (0.64% of total assets vs 0.47% a year ago) indicate credit quality deterioration
- Higher provision for credit losses ($3.2M vs $2.5M) driven by annual ACL model update and agricultural sector pressure
- Elevated loan-to-deposit ratio of 99.7% signals potential liquidity constraints
- Concentration in non-owner occupied CRE at 287.7% of Tier 1 capital remains elevated
- Net charge-offs of 0.40% annualized in Q4, though improved from 0.53% a year ago
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-085879 |
| Document: smbc-20260721x8k.htm | 0001104659-26-085879 |
| Document: 0001104659-26-085879-index-headers.html | 0001104659-26-085879 |
| Document: 0001104659-26-085879-index.html | 0001104659-26-085879 |
| Document: 0001104659-26-085879.txt | 0001104659-26-085879 |
| 8-K Data (Synthetic) | 0001104659-26-085879 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | 144 | $75.81 $72.52 | ▼ −4.34% | ▼ −2.59% | $72.59 (−4.25%) |
Jul 22, 2026 10w ago | 8-K | $77.72 $74.06 | ▼ −4.71% | ▼ −8.02% | $72.59 (−6.60%) |
Jul 22, 2026 10w ago | Press Release | $77.72 $74.06 | ▼ −4.71% | ▼ −8.02% | $72.59 (−6.60%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access