The beat was modest but the underlying trends are solid — NIM expansion, credit improvement, and strong loan growth. Watch the Q2 conference call for guidance on NIM trajectory and whether the elevated performing loan modifications ($51.1M vs $31.0M) signal future credit stress.
Price Chart
Executive Summary
Southern Missouri Bancorp reported Q1 fiscal 2027 EPS of $1.73, a 25.4% YoY increase and a 0.6% beat vs consensus of $1.72. Net income rose 22% YoY to $19.1M, driven by higher net interest income (+8.3%) and a lower provision for credit losses. Net interest margin expanded 13 bps to 3.70%, while credit quality improved with NPLs down 3.6% QoQ. The company maintained its $0.27 quarterly dividend and repurchased $1.4M in stock.
Key Financial Metrics
Key Facts
- Q1 FY2027 diluted EPS of $1.73 vs $1.38 YoY (+25.4%) and vs consensus $1.72 (+0.6%)
- Net income $19.1M, up 22.0% YoY
- Net interest margin expanded 13 bps YoY to 3.70%
- PCL decreased $1.5M YoY to $3.0M
- NPLs fell to 0.60% of gross loans from 0.63% in the prior quarter
- ACL coverage ratio improved to 218.6% of NPLs from 198.6%
- Quarterly dividend maintained at $0.27 per share (130th consecutive)
- Repurchased 19,000 shares for $1.4M at avg price $72.63
Financial Impact
EPS beat of $0.01 vs consensus on 25.4% YoY growth; net interest income +$3.5M YoY; PCL reduced by $1.5M YoY
Risk Factors
- Elevated performing loan modifications ($51.1M, up from $31.0M) could signal future credit deterioration
- AOCL increased $4.7M due to higher market interest rates, pressuring book value
- Noninterest expense grew 6.1% YoY, outpacing revenue growth in some categories
- High CRE concentration at 277.7% of Tier 1 capital remains a regulatory focus
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-117871 |
| Document: smbc-20261020x8k.htm | 0001104659-26-117871 |
| Document: 0001104659-26-117871-index-headers.html | 0001104659-26-117871 |
| Document: 0001104659-26-117871-index.html | 0001104659-26-117871 |
| Document: 0001104659-26-117871.txt | 0001104659-26-117871 |
| 8-K Data (Synthetic) | 0001104659-26-117871 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $71.77 $71.90 | ▲ +0.18% | ▲ +0.70% | $72.22 (+0.63%) |
Oct 21, 2026 5d ago | 8-K | $71.77 $71.90 | ▲ +0.18% | ▲ +0.70% | $72.22 (+0.63%) |
Sep 21, 2026 5w ago | DEF 14A | $72.03 $71.45 | ▼ −0.81% | ▼ −0.79% | $72.22 (+0.26%) |
Aug 18, 2026 9w ago | 144 | $75.81 $74.01 | ▼ −2.37% | ▼ −2.58% | $72.22 (−4.74%) |
Jul 22, 2026 13w ago | 8-K | $77.72 $77.63 | ▼ −0.12% | ▼ −0.22% | $72.22 (−7.08%) |
Jul 22, 2026 13w ago | Press Release | $77.72 $77.63 | ▼ −0.12% | ▼ −0.22% | $72.22 (−7.08%) |
US Market Status
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