Southern Missouri BancorpNASDAQ: SMBC

After losing some value lately, a hammer chart pattern has been formed for Southern Missouri Bancorp (SMBC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Southern Missouri Bancorp (SMBC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.19 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.43 per share a year ago.

LOS ANGELES--(BUSINESS WIRE)--Jenius Bank, the digital banking division of SMBC MANUBANK and a member of the SMBC Group, today unveiled the findings of its new survey, The Mind-Money Connection: How Managing Your Finances Can Make You Happier, revealing the tangible ways consumers' financial situations intertwine with our mental health and wellbeing. The report, which surveyed more than 4,000 U.S. consumers*, comes as Americans face a wave of significant financial hurdles, from persistent infla.

Southern Missouri Bancorp (SMBC) reported quarterly earnings of $0.99 per share, surpassing the Zacks Consensus Estimate of $0.93 per share. This is an increase from earnings of $0.95 per share in the same quarter last year.

Southern Missouri Bancorp, Inc. announced today that their preliminary net income for the third quarter of fiscal 2024 was $11.3 million, which is a significant increase compared to the same period in the prior fiscal year. The increase was mainly due to merger-related charges from Citizens Bancshares, Co., Kansas City, Missouri that impacted earnings in the previous year. The merger charges in March 31, 2023, quarter included noninterest expenses and provision for credit losses on acquired loans, totaling $10.3 million. Despite these one-time charges, the increase in net income was driven by lower credit losses and expenses, higher interest income, offset by lower non-interest income and increased provision for income taxes. The preliminary net income per fully diluted common share for the third quarter of fiscal 2024 was $0.99, compared to $0.22 in the same period of the prior fiscal year. The impact of non-recurring charges from the previous year reduced the comparable quarter's diluted earnings per share by $0.73.

Southern Missouri Bancorp, Inc. (SMBC) Q2 2024 Earnings Call Transcript

Southern Missouri Bancorp (SMBC) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.26 per share a year ago.

Poplar Bluff, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the second quarter of fiscal 2024 of $12.2 million, an increase of $529,000, or 4.5%, as compared to the same period of the prior fiscal year. The increase was attributable to increases in net interest income and noninterest income, and lower provision for credit losses and income taxes, partially offset by an increase in noninterest expense. Preliminary net income was $1.07 per fully diluted common share for the second quarter of fiscal 2024, a decrease of $0.19 as compared to the $1.26 per fully diluted common share reported for the same period of the prior fiscal year.