Preliminary Q2 2026 Southern Missouri Bancorp Inc Earnings Call Transcript
Key Points
- Earnings per share increased by 17.4% from the previous quarter and 24.6% from the same quarter last year.
- Net interest income rose by 12.4% year-over-year, driven by a larger earning asset base.
- Gross loan balances increased by $35 million during the second quarter, with strong loan originations totaling $312 million.
- Deposit balances grew by $98 million or 2.3% compared to the previous year, with a significant reduction in brokered deposits.
- The company repurchased 148,000 shares, reflecting confidence in its financial position and commitment to returning capital to shareholders.
- Non-performing loans increased by $3.6 million compared to the last quarter, totaling 0.7% of gross loans.
- Two borrowing relationships were placed on nonaccrual status, impacting net interest margin negatively.
- Provision for credit losses, although decreased, still amounted to $1.7 million for the quarter.
- Loan prepayment rates were higher than historically seen, affecting loan growth expectations.
- Personnel costs are expected to increase in the next quarter due to annual merit increases and cost of living adjustments.
Hello, everyone, and welcome to the Southern Missouri Bancorp Earnings Call. My name is James, and I will be your operator for today. (Operator Instructions) The conference call will now start, and I'll hand it over to our host, Chief Financial Officer of Southern Missouri Bancorp. Stefan, please go ahead.
Thank you, James. Good morning, everyone. This is Stefan Chkautovich, CFO with Southern Missouri Bancorp. Thank you for joining us. The purpose of this call is to review the information and data presented in our quarterly earnings release dated Wednesday, January 21, 2026, and to take your questions.
We may make certain forward-looking statements during today's call, and we refer you to our cautionary statement regarding forward-looking statements contained in the press release. I'm joined on the call today by Greg Steffens, our Chairman and CEO; and Matt Funke, President and Chief Administrative Officer.
Matt
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